BigMc

Registered with Property118.com
Sunday 22nd September 2013

Location
Surrey

Trading Status
Joint

Providing essential rental accommodation since
2006

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 55

BigMc

9:59 AM, 16th December 2018
About 6 months ago

And the landlord vote goes to - Please vote again

I would vote for an inconsequential "other" in order not to be classified as couldn't be bothered. I would much rather vote "none of the above" but of course they dare not offer that option...which would be much closer to democracy that the current system. I previously voted Tory but feel it is like turkeys voting for Xmas.... Read More

BigMc

12:20 PM, 15th December 2018
About 6 months ago

Negative equity - are the banks responsible?

Hi Gwen,
I'm sorry to say that to me this smacks of the blame culture we are in. If things go wrong it must be someone else's fault. It was entirely your choice to apply for these loans no doubt like most of us in the hope of having a profitable rental business and a secure investment for the future. When it goes wrong it must then be someone else's fault, in this case the banks and whilst it may be true to say the banks also bought into the risk I would suggest you consider:- How long have you had the properties, how much equity have you taken out over the term, how much profit have you made from the rentals and how much have you made from the rest of your portfolio? Presumably if these were made irresponsibly to you, all your loans were. Therefore, any liability on the banks part would be for your current negative equity minus all profits taken so far plus any profit sitting in the remainder of your mortgaged portfolio. If that still shows an outstanding loss, one wonders why you not only continued but expanded your business.
Good luck with your claim, Mike... Read More

BigMc

9:41 AM, 15th December 2018
About 6 months ago

And the landlord vote goes to - Please vote again

I would vote "other" as a protest vote so that my vote could be distinguished from "can't be bothered". Sadly we don't have the option of "none of the above" which I am sure would win. I have been a staunch Tory voter but feel now it is like Turkeys voting in favour of Xmas... Read More

BigMc

10:04 AM, 4th September 2018
About 10 months ago

Shelter shocked at result of 10%, no make that 4.7% or maybe zero

I, for one, would be happy to abandon all credit and suitability checks on potential tenants in favour of recommended referrals provided by Shelter.
In this way we could ensure not even the slightest whiff of any form of discrimination. This would also have the tremendous result of enabling Shelter to actually help provide shelter for someone, which many believe was supposed to be their raison d'etre.
Naturally, I would expect Shelter to stand as guarantor on all their referrals but once again this could well see far better use of their charitable income than we currently see.... Read More

BigMc

10:50 AM, 13th May 2017
About 2 years ago

First tier tribunal for nonpayment of service charges

Yes it is normal that any lease dispute will be referred to first tier (formerly LVT). Unlike an ordinary court which simply applies the letter of the law they are allowed to interpret and apply reason.
They are typically sympathetic to individual leaseholders and are happy for you to represent yourself but beware and be well prepared.
You say you are disputing the charges but you will need to be very specific as to which charges and why. You also need to ensure that you have only withheld those charges that are in dispute. So for example if you are disputing the validity of specific repair works, you cannot withhold the payment which covers general maintenance, communal heating, lighting, water, cleaning, gardening, block insurance, ground rent etc. You must identify specifically what you are disputing, why you are disputing it, show that you have raised objection with the landlord (or agent) and paid all undisputed charges in a timely manner.
If you fail in any of the aforementioned sympathy will rapidly dissolve
Good luck,
Mike... Read More