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: 102

Rob Thomas

12:45 PM, 6th May 2020
About 3 months ago

Covid-19 Bounce Back loans for property businesses

Thank you Phil Ashford for putting the record straight.

Looks like Andrew Roberts didn't manage to read all the way to point 8 of the eligibility criteria on the British Business Bank website. But he and Ranjan should come back on this point - we all make mistakes and they should acknowledge that they have mistakenly claimed that landlords are eligible for this scheme.... Read More

Rob Thomas

16:07 PM, 5th May 2020
About 3 months ago

Lockdown rental stock shortage will see rents and deposits climb

This analysis by Ome uses suspect data. According to the ONS, private rents haven't risen by 4% a year - they have average 1.7% since the beginning of 2015 in Great Britain. And the idea that the coronavirus will create a shortage of rented property is without foundation.... Read More

Rob Thomas

11:33 AM, 23rd April 2020
About 4 months ago

Support for benefits to cover private rents during emergency

The NRLA says "Recent polling has indicated that just 2% of private tenants have had to stop paying rent due to the pandemic": I don't know where these figures come from but they are simply not believable.

We know from UK Finance figures that 11% of mortgage borrowers have asked for a payment deferral on their mortgage (the so-called 'holiday'). Why would 11% of mortgage borrowers be unable to pay their mortgage but only 2% of tenants be unable to pay their rent. That makes little sense and doesn't accord with my experience (I consider myself lucky compared to some landlords as 75% of my tenants are still paying the full rent but out of 20 I've got 2 that have left and 3 that have asked for and been given a temporary rent reduction).... Read More

Rob Thomas

13:24 PM, 20th April 2020
About 4 months ago

Police won’t accept it’s theft?

Unfortunately, this isn't any help for you on this occasion Hasty Peck, but for future reference and to other landlords, I have always insisted on asking for money to be paid directly from new tenants into my bank account when dealing with an agent. They have never refused in my experience because if they did I would refuse to take tenants through them.

There is really no legitimate reason for a letting agent to hold rent or deal with putting a deposit in the deposit protection scheme, which is simple for you do to. Always be in control of the money.... Read More

Rob Thomas

10:25 AM, 15th April 2020
About 4 months ago

12 out of 13 tenants asked for "Rent-Free Holiday"?

You should send your tenants the link to the official advice (and cut and paste the relevant section into your email):

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/876500/Consolidated_Landlord_and_Tenant_Guidance_COVID_and_the_PRS_v4.2.pdf

The overwhelming majority of my tenants are working from home and paying as normal but I have agreed one temporary rent reduction (not deferral) with one tenant who is newly self-employed because I think that's better than risking them giving notice at a time when re-letting the room would be difficult.... Read More