Rob Thomas

Registered with
Wednesday 23rd August 2017

Trading Status

Providing essential rental accommodation since

Number of rental properties owned
6 - 10

Insures properties through a broker recommended by Property118

Latest Comments

Total Number of Property118 Comments: 48

Rob Thomas

13:15 PM, 14th October 2018
About 7 days ago

Potential Budget CGT relief and profit split for selling to long term tenants?

Hi Jo

You make a very good point. Although lenders can and do sometimes lend more than 4.5 times income, this is the most many people will be able to borrow thanks to onerous mortgage regulations.

But the irony is that if someone earning £30,000 could get a mortgage for £225,000 (thus needing only a 10% deposit to buy at £250,000), it would cost them £954 a month including interest and capital at 2%, of which only £375 is interest. So mortgage regulation is the real cause of people not being able to buy.... Read More

Rob Thomas

12:46 PM, 13th October 2018
About A week ago

Potential Budget CGT relief and profit split for selling to long term tenants?

If the government wants to encourage landlords to sell in sufficient numbers to really boost home ownership, it should offer a time limited CGT exemption to any landlord selling to anyone who intends to live in the property. Of course, there would be some risk of people gaming the system that the law would need to deal with.

Splitting the saved CGT with the tenant is a gimmick which would backfire as it means the landlord hasn't avoided CGT but only avoided 50% of it, in which case far fewer landlords might be minded to sell.... Read More

Rob Thomas

14:14 PM, 11th September 2018
About a month ago

Having the Rugg pulled out from under - 'MOT Check'!

Well said Mike.

To me the issue here is do we believe in market forces (i.e. the tenant's ability to shop around and find the best accommodation for their budget)? Or do we believe that bureaucrats should decide where people live? Those respondents who are supporting the idea of a property MOT are basically saying that they think a little council bureaucrat knows better than a tenant what's an acceptable place for the tenant to live.

If you have so little faith in the market I suggest you move to Venezuela, which is a shining example of how wonderful you can make the economy when everything is decided by bureaucrats.... Read More

Rob Thomas

14:21 PM, 2nd July 2018
About 4 months ago

Onward’s paper “Green, pleasant and affordable” is incredible, unfortunately

This report is misconceived and dangerous. It shows that the same thinking that gave rise to the Osborne tax hikes on private landlords is still at large in the Tory party looking to do more damage.

It claims that residential property is tax advantaged in the UK. Nothing could be further from the truth. Investing in the PRS is hugely tax disadvantaged relative to pensions or in financial assets via ISAs where capital gains and income are tax free. Landlords now face a higher rate of capital gains tax than other assets and a 3% purchase tax in the form of stamp duty.

The author does not examine the mortgage market in his analysis of the problem, which is a huge omission. He should read the following article:

It shows very clearly that it is lack of mortgage availability rather than high house prices that caused the collapse in first time buyer numbers.... Read More

Rob Thomas

20:43 PM, 24th May 2018
About 5 months ago

New Freeholder demanding back fees for renting?

Reply to the comment left by Puzzler at 24/05/2018 - 13:08
I don't know when the freehold was sold, but it's a good point and I will try to find out when the new freeholder took over.... Read More