Hamish McBloggs

Registered with Property118.com
Tuesday 22nd March 2016


Latest Comments

Total Number of Property118 Comments: 202

Hamish McBloggs

13:28 PM, 30th January 2021, About 8 months ago

No Respite for Landlords

The only thing that prevented us selling our last tenanted property is CGT. So we kept it.

The tenant is currently in arrears without (in this case and for a pleasant change) being their fault; they are good people dealt a s**t hand by the current crisis and there is absolutely not point giving them a hard time.

But my normal day job stopped almost entirely as a consequence C-19 and as am self-employed get zero gov't support. Mrs McBloggs also self employed, job stopped, zero gov't support. Dry January has taken on another meaning.

Ironically, the tenant's HB is the only thing preventing my 'working' down the docks but still have less than nothing left as I remain responsible for the insurance, upkeep, safety. Neither of our households is lording it up and the LA wouldn't hesitate to get arsey if I failed to pay my council tax. The LA would, of course, be understanding about it given the prevailing pandemic. But then they would still demand payment just as the BTL lender would.

The value of the CGT is insignificant when compared to increasing costs and lost rent I have suffered in the last 10 years as a consequence of increasinlgy entitled tenants, a civil court system that is not fit for purpose, police that don't follow up crimes because they are a 'civil matter' and a stupid taxation system. Now C-19 without any support to landlords.

The government (whatever hue they be) do not deserve my CGT and I have no way around it without dying. But I have an immediate need to save myself.

Mrs McBloggs and I have done 'the calculation' and it pains me to conclude that it is cheaper in the short-medium term to throw in the final towel. Cheaper both financially and stress. Significant factors in this conclusion being, apart from general hostility, the ever increasing risk of getting something minor innocently wrong and being the underdog in an argument with an LA jobsworth who has the authority to fine us into bankruptcy for an LA with empty coffers.

Selling would vanquish these multiple swords of Damocles forever leaving the Grand Poobah chair next to the fireplace in the local to summon me to stress free evenings whereupon myself and 'normally' employed friends (who got paid 80% on furlough without having to do any paperwork) could sit in shallow, semi inebriated judgement of the world.

Assuming the local re-opens and doesn't get bought by a developer and converted into 30,000 luxuary coffins sold as 'within commuting distance of London'. Philistines.

So I am preparing a least cost final exit and the Government can have back my share of the benefit support that I and all other landlords don't get paid for or recognised for, C-19 or no C-19.

I recently made this clear to my MP, face mask to face mask, whereupon I was told that my letter explained the situation so clearly that it would be put on Rishi's desk. My suspicion is that even if the letter did make it to No.11 it went stright into the out tray because self-employed are too problematic to support in these straitened times and self employed landlords are Devil's spawn.

I was told to apply for Universal Credit. But if you have a personal offset mortgage then it is immediately ruled out.

C-19 has given me time to clarify my thoughts and will forgive any arrears when we are able to sell.

Not my usual jolly self.

Hamish... Read More

Hamish McBloggs

12:25 PM, 6th October 2020, About 11 months ago

Landlords pay for Council incompetence

I shopped a scumbag landlord to the LA about 10 years ago.

When I say scumbag, I mean nasty, dangerours, aggressive, greedy, intimidating, under the radar, tax evading, maintenance free ignorer of any health and safety utter total bastard scumbag landlord.

But because I had no evidence to support my accusations and no tenant had complained there was nothing that could be done.

I hope things have changed.

H... Read More

Hamish McBloggs

9:11 AM, 23rd September 2020, About 12 months ago

JUSTICE FOR LANDLORDS!

For some it may be cheaper to leave a property empty.

If the numbers/risks for tenanted vs no tenant are close would voting with feet and withdrawing rental properties from the market as and when possile have a more immediate effect?

Perhaps coupled with publicising the move to the LA and MP?

H... Read More

Hamish McBloggs

21:23 PM, 16th September 2020, About A year ago

Government must U-turn again to help landlords

I will drop the price of my last property by 20% if an MP buys it and my capital gains tax is waived.

The MP must settle the arrears as part of the deal.... Read More

Hamish McBloggs

13:04 PM, 13th September 2020, About A year ago

Tenants to be protected by government through Christmas and winter

Fraud, blatant fraud - police aren't interested. I have been there.

Anti-social behaviour - it's basically unprovable but it's still my fault. You can be fined but get no support. I have been there.

LL will be left hemorrhaging money in civil courts.

MP's are permitted to own BTL properties. Infact I propose they be positively encouraged to invest further in order to demonstrate that we are all in this together. Even further, as part of an MP's job description should become 'you must purchase and operate at least one BTL property and if told to buy more by your whip then you will do as you are told'.

But all future MP's BTL's must be subject to the following additional preconditions by law ... because they are MP's and must demonstate that we are all in it together and we would want them to be a mere mortal LL

1. They can only chose from tenants we have fallen out with.

2. Courts and LA's must never know a property is owned by an MP. MP's will be restricted to using agents/representatives. We wouldn't want them accused of any form of favouritism.

3. When things don't work out with a tenant, MP's can only use (anonymously) those organisations we have to rely on. A list can be provided rather than those with deep pockets engaging their own disproportionate legal teams. We wouldn't want them using their position.

4. They can only purchase BTL's in 'failing' areas.

5. The maximum value of a BTL can be set at the area's average.

6. We, the public, can request statistics on evictions, time waiting for a court date, number of fines issued by DPS for rounded deposits, company structures, tax, profitability, capital gains ...

7. Independent and unbiased oversight by Shelter

MP's can then begin to 'lead from the front' and being at the 'coal face' perhaps, just perhaps begin to understand.

Hamish Gunpowder Plot McBloggs... Read More