Polly Nottingham

Registered with Property118.com
Tuesday 1st October 2013

Latest Comments

Total Number of Property118 Comments: 5

Polly Nottingham

3:32 AM, 12th March 2015, About 7 years ago

Using a section 21 should not be considered a Revenge Eviction

Reply to the comment left by "Steve Gracey" at "30/07/2014 - 15:24":

So pleased to read your comment (from July 2014) Steve,

I'm reading lots to inform myself about Section 21 notice, as I've decided that is the only way for me to proceed.
I have small flat in purpose-built block. Two previous tenants, no condensation problems. New tenants began complaining at beginning of winter of condensation. I've been over numerous times for friendly chats, explained all the basics about reducing condensation and increasing ventilation. I've printed out infomation leaflet. I've provided dehumidifier....
Nothing seems to work and now I want my flat back before it is ruined.

I don't think it is unreasonable to ask them to vacate at the end of their AST. (I have the next tenant ready and waiting!)
This is not 'retaliatory eviction', it is just self-preservation !... Read More

Polly Nottingham

18:09 PM, 16th January 2015, About 7 years ago

My first Buy to Let - Is the estate agent being fair on price?

Are you intending to self-manage, and therefore buying in your local area?

In some areas in the Midlands and North you get get 3-4 flats for that price and rent them out at £450-£475 per month.... Of course there would be 3-4 sets of 'overheads' but I still think you could make a better profit, even if you're paying a reasonable management fee. And any void periods could be carried by the rental income from the other properties.

'don't put all your eggs in one basket'... Read More

Polly Nottingham

11:27 AM, 15th February 2014, About 8 years ago

Bank of England quarterly inflation report summary

Interesting article from Neil, thank you.

On the side-issue of the rapid rate of fall in unemployment...

It is worth remembering that 'unemployment' is actually only those who are recorded as claiming benefits. So if a government causes the DWP to tighten up the rules, barring claimants from benefit for infringements such as turning up 2 minutes late, not applying for enough jobs etc that can have a significant impact on the number who are then eligible to claim unemployment benefit.
Those people would still exist, would still be unemployed, but would not appear on the government figures...

Remember 'Lies, damned lies and statistics'... Read More

Polly Nottingham

11:35 AM, 25th January 2014, About 8 years ago

First Time Buyer (BTL)

"Net cashflow is +£100 per month after cost"

Interesting that no-one on this thread has mentioned the possible rise in interest rates...
Wouldn't a rise in interest rates drive a coach and horses through that cashflow ?

I'm in a similar position, only been in this game a few years and with 75% interest-only mortgages. My next priority is paying down my debt. Is that over-cautious or a sensible outlook ?

Polly... Read More

Polly Nottingham

19:36 PM, 12th November 2013, About 8 years ago

CPI Inflation down - releasing more presure on Bank Base Rate

I agree with Dan.
It also depends on income level - if your domestic fuel costs are over 10% of your income you will notice the price increases more.
I would guess that a low-income family's 'basket' has a much higher inflation figure.... Read More