Tim Jones

Registered with Property118.com
Sunday 17th December 2017


Latest Comments

Total Number of Property118 Comments: 9

Tim Jones

11:38 AM, 24th March 2020
About 6 months ago

Ban on evictions for commercial tenants who miss rent payments

Reply to the comment left by neilt at 24/03/2020 - 10:51
I think ‘holiday’ is not the best term to use as it’s ambiguous ie is it rent free or just deferred rent !

For residential ( ultimately they are deriving benefit from the property) I think deferment is the best course of action although tenant should pay what they can now

For commercial ( tenants are not deriving any benefit as they are closed ) therefore some shared pain ( my question is how much each side) if grants are available and it works they rent can be paid if the alternative is a soft government loan then for my part do I want to incur increased debt ?not really ! But do landlords want the charity shops to open and thrive and pay rent after all this ? I very much assume so... Read More

Tim Jones

9:21 AM, 24th March 2020
About 6 months ago

Ban on evictions for commercial tenants who miss rent payments

I’m a trustee ( finance director ) of a chain of 30 charity shops - all are profitable and do well, obviously we have just closed and therefore income is zero . I’m wondering what rent to offer the landlords during this period. My thinking ranges from 10% to 25% ( we obviously have different landlords , large and small ( I own one shop so I will be affected also ) ) my main aim is to start successfully trading when we can - thoughts appreciated... Read More

Tim Jones

7:29 AM, 14th March 2020
About 6 months ago

Open A Business Bank Account In Minutes

We opened a tide account for our buy to let properties, and it’s been good , however we didn’t realise that there was an upper limit on how much money could be deposited so when our paragon mortgage came in tide did not show it - tide took 2 weeks to raise it - all this was done with in app messaging which was frustrating as we were not given visibility of this process - when it did show we went to pay off loans we had and found the account was blocked due to an unusual large deposit!!!! Frustratingly this took a couple of days to sort out as well... Read More

Tim Jones

15:23 PM, 23rd March 2019
About 2 years ago

Dividends And Other Tax Perks For Landlords Who Incorporate

Reply to the comment left by Graham Bowcock at 23/03/2019 - 14:11
Hi Graham - your right so I do not plan to charge interest but I managed to get 1.44 % interest only deal for £450k for 2 years which is all lent to the company ( I felt it was such a good deal I was prepared to keep it out side the company. In 2 years time I’ll be on the hunt for a decent rate mortgage within the company - by your comment it looks like securing it against your home may make terms more favourable.... Read More

Tim Jones

7:36 AM, 23rd March 2019
About 2 years ago

Dividends And Other Tax Perks For Landlords Who Incorporate

In the last 8 months I have bought 2 properties out right with no mortgage which I have put into a new company structure. I have done this with a personal loan (via a recently set up large mortgage on my family house as it was such a great rate) I am taking monthly loan repayments from the property company. Which I envision doing till the loans are paid off. I understand I can’t charge the company interest on the loan , is this true? Both my wife and I are higher rate tax payers my accountant doesn’t think it’s worthwhile charging interest even if we could .... Read More