Rob Thomas

Registered with Property118.com
Wednesday 23rd August 2017


Latest Comments

Total Number of Property118 Comments: 105

Rob Thomas

11:56 AM, 2nd January 2021
About 4 months ago

Difficulties with national agent paying across 6 months upfront rent?

It always surprises me that any landlord would let a letting agent pay rent into their bank account first. On the few occasions I have used a letting agent I have always insisted that the rent is paid directly to my bank account. It's your money.... Read More

Rob Thomas

11:35 AM, 20th October 2020
About 7 months ago

How to prepare for the 2021 Property Market Crash

Reply to the comment left by david porter at 20/10/2020 - 11:13
As a professional mortgage consultant and form banking analyst I can say that you really do not understand this subject. Most UK mortgage lending is funded from retail deposits and because of bank ring-fencing requirements, banks have an unusually large amount of funding to lend to areas like residential mortgages at the moment.

The securitisation markets are also open for those lenders (mainly the specialist lenders) that rely on this form of funding. Oh and by the way, Northern Rock did heavily use the securitisation market. It was the closure of that market in summer 2007 that ensured that they did not have the funds to continue without government support. Not sure what you mean by 'not bust in their day-to-day business' - if you run out of money to pay creditors when due you are facing insolvency.... Read More

Rob Thomas

9:24 AM, 19th October 2020
About 7 months ago

How to prepare for the 2021 Property Market Crash

I agree with Jesse Jones

Rising unemployment doesn't necessarily mean falling house prices. You also need to look at how monetary conditions have changed. Interest rates are lower across the yield curve (i.e. both short and long term interest rates) and the money supply has increased sharply. For example, the total level of retail deposits in the UK increased by £169 billion between February and August. That's nearly 10% up and £2,500 for every man, woman and child in the country.

So when the average family of 4 have seen their balance balance rise by £10,000 it suggests there's more money ready to be deployed in the housing market.... Read More

Rob Thomas

12:45 PM, 6th May 2020
About A year 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 A year 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