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: 45

Rob Thomas

2 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:
https://medium.com/@ian.mulheirn/why-has-home-ownership-collapsed-764c242eaf92

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

3 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

Rob Thomas

3 months ago
New Freeholder demanding back fees for renting?

Reply to the comment left by Ross McColl at 23/05/2018 - 08:13
Thank you Ross

I've looked at the leasehold advisory service website and there's some relevant information on there.... Read More

Rob Thomas

3 months ago
New Freeholder demanding back fees for renting?

Reply to the comment left by Mark Weedon at 21/05/2018 - 10:33
Hi Mark

Thank you. That sounds like a reasonable approach. They are not even asking to see the tenancy agreement so their only admin cost is cashing the cheque!... Read More

Rob Thomas

4 months ago
Section 24 Tax Reforms

Reply to the comment left by Mark Alexander at 03/05/2018 - 15:31
Thanks Mark. Have reposted the comments as you requested. Let's hope the billboard campaign raises the profile of our message.... Read More