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: 97

Rob Thomas

10:41 AM, 2nd April 2020
About A week ago

Government have created chaos in the PRS

An excellent article.

The biggest single problem in the messaging to landlords and tenants is the term 'mortgage holiday'. As you say Ros, this is something the government has done, but it is also the media who parrot the term holiday without analysing what is really on offer.

Very good point also about the impact on future credit assessments - we can't be sure that the holiday won't impact lenders' future assessment of risk. So taking the mortgage holiday could cost you dear in the long run.

Landlords should send the detailed government guidance to their tenants by email, so the tenants are left in no doubt about the requirement to pay. But no doubt when all this is over there will be a reckoning when many landlords come to the conclusion that it isn't worth being in this business. Tenants will then find higher rents, poorer accommodation and less bargaining power.... Read More

Rob Thomas

18:04 PM, 28th March 2020
About 2 weeks ago

Which Landlords are classed as self-employed for Coronavirus help?

Reply to the comment left by at 28/03/2020 - 10:12
And, if so, to qualify for support under the Job Retention Scheme your job would have to be furloughed i.e. you couldn't do any work. If you are the only person running your rental business it's difficult to see how you could claim to be able to completely stop working.... Read More

Rob Thomas

21:35 PM, 27th March 2020
About 2 weeks ago

Which Landlords are classed as self-employed for Coronavirus help?

Reply to the comment left by suzy149 at 27/03/2020 - 18:50
Sounds like you haven't heard about the buy-to-let mortgage payment holiday or deferral? Also, tenants cannot be evicted for now but the government is not proposing to wipe out any rent owed so tenants will have to make it up later.... Read More

Rob Thomas

17:34 PM, 27th March 2020
About 2 weeks ago

Covid-19 support for the self-employed

Reply to the comment left by Laura Delow at 27/03/2020 - 17:17
Support has been targeted at those who need it most, which is right because the government doesn't have limitless amounts of money (despite how it might appear to some). Someone making £50,000 in self-employment should be in a position to put something aside for a rainy day. I have self-employment income but it's less than 50% of my total income so I don't qualify. Again, I think this is fair - I'd rather stand on my own two feet rather than relying on government handouts. An old fashioned view I know but there you go.

By the way, someone is going to have to pay for all this in the long run.... Read More

Rob Thomas

17:20 PM, 27th March 2020
About 2 weeks ago

Which Landlords are classed as self-employed for Coronavirus help?

Reply to the comment left by paul kaye at 27/03/2020 - 11:41
If you are incorporated (i.e. the properties are owned by a limited company) you are not self-employed. If you pay yourself a salary from the limited company as a director I don't think you count as an employee and therefore can't qualify for the coronavirus Job Retention Scheme. This is fair enough - after all you are not going to be furloughing yourself are you?... Read More