S Somerset

Registered with Property118.com
Friday 21st October 2016

Insures properties through a broker recommended by Property118

Latest Comments

Total Number of Property118 Comments: 11

S Somerset

12:28 PM, 6th December 2018
About 3 days ago

Agent bites back at Westminster for 5 week deposit cap

*rant warning*

If we had a legal system sufficient to evict bad / non-paying tenants efficiently, landlords would not necessarily need such a large deposit.

I'm from Australia, and we can evict tenants after they are 15 days late in their payment! They are then evicted very swiftly - minimising the loss and stress to the landlord. That said, there are very few poor paying tenants.

Here in the UK I had to evict some non-paying tenants (they had plenty of money, but chose not to pay) and it took me 6 months plus through the courts. Having 6 weeks' deposit, plus landlord insurance lessoned the blow. But the real issue lies with the pro-tenant legislation, plus illegal advice from Shelter and local authorities, plus tenants poor records not following them around.

So much talk about a bad landlord register (fine with me), but what about a bad tenant register too?

There's such an entitlement culture here in the UK!

*rant over*... Read More

S Somerset

10:51 AM, 14th August 2018
About 4 months ago

Why UK landlords are flocking to Portugal

Reply to the comment left by Lee Gough at 12/08/2018 - 11:36
wonderful post! Where in Portugal are you located?... Read More

S Somerset

10:02 AM, 10th August 2018
About 4 months ago

Why UK landlords are flocking to Portugal

What happens to SIPPs pensions? Can you withdraw those tax free under this program?... Read More

S Somerset

11:31 AM, 7th March 2018
About 9 months ago

Stamp duty refund via Limited Company?

Reply to the comment left by Neil Patterson at 07/03/2018 - 09:18
Thank you Neil, that's helpful. Property (1) is worth a lot less than property (2), so it might be worth us doing if we decide to keep property (1).
thanks again!
S... Read More

S Somerset

13:23 PM, 28th February 2018
About 9 months ago

When do you pay CGT versus profit from a flip?

Reply to the comment left by Mark Alexander at 28/02/2018 - 09:55
Thanks Mark, that's really helpful. Lots to mull over!... Read More