Rob Thomas

Registered with Property118.com
Wednesday 23rd August 2017

Trading Status
Company

Providing essential rental accommodation since
1989

Number of rental properties owned
6 - 10

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 62

Rob Thomas

15:35 PM, 12th December 2018
About a month ago

Negative equity - are the banks responsible?

Gwen

There is no realistic chance that you could win this argument in court. But if you did, think about the implications. If banks were found responsible for your losses because 'they caused the financial crisis', banks would henceforth be much more careful what they lent and mortgage rates would have to rise to cover the risk of being held liable for future losses. So responsible borrowers would end up suffering at your hands. Lower mortgage availability would also push down house prices further, so any other property you own would be worth less.

By the way, UK banks didn't cause the banking crisis, it stated in the US sub-prime mortgage market, leading to severe illiquidity in the global wholesale funding markets that UK banks rely on, causing them to reduce lending which in turn caused UK house prices to fall.... Read More

Rob Thomas

13:32 PM, 12th December 2018
About a month ago

Negative equity - are the banks responsible?

Hi Gwen

The contract term that the lender "must perform the contract with care and skill” refers to the administration of the mortgage not the lending decision itself. The bank lent you the sum you wanted to borrow - neither you nor they have a crystal ball and sometimes you and the bank will loss money because house prices fall or some other reason. That's just ordinary business risk.... Read More

Rob Thomas

16:12 PM, 25th November 2018
About 2 months ago

Support a homelessness charity which provides actual shelter!

I have another idea regarding Shelter.

Landlords should call Shelter on 0300 330 1234 and call on them to end their campaign against landlords and letting agents as it is clearly against the interest of the tenants they claim to help.

To quote from Shelter's email asking people to call Ludlow Thompson "The more calls they get, the more they'll know this approach is unacceptable. Send a clear message to Ludlow and other letting agents like the - enough is enough, it's time to change."

Indeed, Shelter, enough is enough.... Read More

Rob Thomas

17:05 PM, 23rd November 2018
About 2 months ago

Support a homelessness charity which provides actual shelter!

Reply to the comment left by Larry Sweeney at 23/11/2018 - 15:33
Thank you Larry - I will contact Nationwide. I think Shelter should be accountable for their actions.... Read More

Rob Thomas

12:37 PM, 23rd November 2018
About 2 months ago

Support a homelessness charity which provides actual shelter!

I have found that Nationwide Building Society also has a relationship with Shelter. This is ironic as Nationwide has landlord customers who may have suffered financial distress at the hands of rogue tenants supported by Shelter.

I have contacts at Nationwide and could email them on behalf of the Landlord Alliance to tell them what Shelter is really about. Perhaps Nationwide Building Society could use their relationship with Shelter to encourage a change of course?

Landlord Alliance, would you like me to do this?... Read More