Dylan Morris

Registered with Property118.com
Saturday 27th August 2016


Latest Comments

Total Number of Property118 Comments: 327

Dylan Morris

12:14 PM, 9th July 2020
About 4 days ago

Covid-19 Mini Budget: What this means for property investors

Reply to the comment left by Peter at 09/07/2020 - 09:38Yes that’s how it works Peter.
I’m not sure the Chancellor has actually achieved anything here other than shoot himself in the foot with a reduced tax take. Presumably many sales were placed on hold and now catching up, with buyers quite willing to have paid the Stamp Duty previously. Now they have been given a few thousand pounds saving but this isn’t going to do the Government’s coffers any good. Those sales would have proceeded anyway. Other sales will have been cancelled completely due to buyers being furloughed or losing their jobs or businesses. A Stamp Duty reduction will be of no relevance to them now.
As has been mentioned this SDLT reduction will simply push prices up.
Also the VAT reduction to 5% will probably have no effect. I’d booked a few days holiday in a small guest house in North Wales before lockdown at £40 per night. Is the proprietor really going to charge me £35 now or leave the price at £40 and try and recoup some of his losses over the last few months ?
Also the £1,000 bonus for keeping a furloughed employer on the books until next year. There’s either a job for the employee or not I really can’t see an employer keeping somebody on if they’re not required. Also employers who would have keep an employee in the job anyway are going to receive £1,000 for nothing. Crazy idea IMHO.
I like the meal voucher scheme though just a shame it’s not valid Monday to Friday. I can see them turning customers away Monday to Wednesday as they have reduced table space and not seeing them until the following week when they turn them away again !! Monday to Sunday (7 days) would have been so much better.... Read More

Dylan Morris

10:35 AM, 3rd July 2020
About A week ago

Is this a Cunning Plan?

It becomes a HMO if there or more than two persons occupying the property who are classed as two or more households. So three persons would be a HMO. However check with your Local Authority because up to 5 persons they could class it as a “low risk” or “non licenseable” HMO whereby their requirements are fairly minimal. I have a two flat occupied by tenant and her boyfriend (one household) but also her friend which turns the flat into two households. Council were happy with it just asked me to ensure an electrical report had been done and there was a fire alarm. No licence or fee required.
Most importantly though you need to check your lease as most will have a clause stimulating you can only let to “one household” ruling out the ability to create a HMO.... Read More

Dylan Morris

10:33 AM, 1st July 2020
About 2 weeks ago

Most radical reforms to planning system since the Second World War

I do like the idea though of reducing the requirement to build on greenbelt land by freeing up more brownfield sites. To be fair there are an awful lot of derelict properties in our cities and large towns that can be freed up.... Read More

Dylan Morris

9:49 AM, 1st July 2020
About 2 weeks ago

Most radical reforms to planning system since the Second World War

Great to see Boris getting the building industry moving, we desperately need more homes to house all the new arrivals.... Read More

Dylan Morris

9:52 AM, 18th June 2020
About 4 weeks ago

B2L mortgage on house we will end up living in?

Reply to the comment left by Neil Patterson at 17/06/2020 - 15:11
Especially when Section 21 gets withdrawn.... Read More