JB

Registered with Property118.com
Tuesday 23rd May 2017

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 92

JB

13:15 PM, 20th March 2020
About A week ago

No Rent For Buy To Let Landlords

Reply to the comment left by joss URCH at 20/03/2020 - 12:36
I told one of my students that I would need proof that the college was shut, that he didn't have a loan and that his parents had no income due to corona virus (which is what he told me). He said it 'seems like a lot of hassle considering it just delays things' and he'd look at other options. I await to see if he manages to find the money.... Read More

JB

11:42 AM, 20th March 2020
About A week ago

Coronavirus could worst case cost BTL sector £14.9bn in 3 months

Reply to the comment left by Ian Narbeth at 20/03/2020 - 11:39
I agree but we need to be prepared.
Stay safe.... Read More

JB

11:18 AM, 20th March 2020
About A week ago

Coronavirus could worst case cost BTL sector £14.9bn in 3 months

Reply to the comment left by Ian Narbeth at 20/03/2020 - 09:51
Being realistic and making a plan is better than pretending its not going to happen. Plan for the worst and hope for the best.

I have 15 properties and already had 2 tenants tell me they can't pay their rent - so far. I have a large student property coming empty 1st July and the college is closed so its likely to be empty which will cost me £2,500pcm. I am being asked to give unsecured loans to tenants at zero interest for 3 months and will probably be asked to do it for another 3 months after that.

I still have bills to pay regardless of income and will certainly not be doing any big jobs/improvements.... Read More

JB

9:53 AM, 20th March 2020
About A week ago

Can I still rely on guarantors?

Reply to the comment left by Tony Hodge at 20/03/2020 - 07:30If you think this is for 3 months I think you're in for a surprise. This crisis could go on for at least 6 months and the fall out as you say, for several years. I am just being realistic.
I had one rent holiday request last night and another this morning. I don't expect I'll ever receive this rent if my tenants cut and run back to Eastern Europe.
Does the government understand that we have bills to pay on our properties as well as needing an income ourselves?
All councils should at least stop plans for any more licensing (ours is currently in consultation)... Read More

JB

18:06 PM, 19th March 2020
About 2 weeks ago

No Rent For Buy To Let Landlords

Reply to the comment left by Mark Alexander at 19/03/2020 - 18:03
Yep. Referencing will be interesting!... Read More