Stephen Lesley

Registered with Property118.com
Thursday 3rd October 2013


Latest Comments

Total Number of Property118 Comments: 8

Stephen Lesley

20:21 PM, 16th May 2017
About 3 years ago

General Election 8th June - Who on earth do landlords vote for?

For me most likely Conservative.

I'm assuming neither party will reverse Section 24. That being the case, do I want a 3 year tenancy with capped rent increases?
I started to increase my rents as soon as the change was announced and thankfully, by comparison, my rents are on the low side so when tenants compare they know they still have decent rent (and hopefully a fair landlord).

I only hope they don't vote for the party who wants to introduce 3 year tenancies and capped rent increases!... Read More

Stephen Lesley

11:29 AM, 30th July 2014
About 6 years ago

Buy to Let Catch-22 Situation

Reply to the comment left by "Neil Patterson" at "30/07/2014 - 10:44":

Agreed. In my thinking the vendor is going to come across this every time a buyer needs a lender. So whilst he cannot be sure the buyer will follow through isn't it worth while him/her doing this for the sale of the house? At the same time with addition of a kitchen and bathroom there's a risk of the property value going up and a new offer coming along. So there's risk on both sides.
I suppose there's got to be an element of trust and a persons word meaning something......... Read More

Stephen Lesley

10:13 AM, 30th July 2014
About 6 years ago

Buy to Let Catch-22 Situation

This might be a daft idea but is it possible for you and the vendor to agree that he or she fit a mutually acceptable bath suite and kitchen and add the cost to the price of the purchase. You could then increase your deposit and so not increase your mortgage.
There's possibly reasons why that won't work, but it sounds as though it might.... Read More

Stephen Lesley

16:45 PM, 15th April 2014
About 7 years ago

Rent to Buy.... good or bad?

Hi There,

Some chap offered something like this to me and in my thinking made no sense then, makes no sense now. I'm now renting to a man who may want to purchase it in a few years time and if I want to sell will give him first refusal; we will negotiate then at market price and split estate agent fees. My thoughts are my tenant could have been the tenant of the chap who offered me the deal.

Maybe I've missed something.... Read More

Stephen Lesley

10:20 AM, 12th March 2014
About 7 years ago

A Tenants Perspective

Reply to the comment left by "r01 " at "12/03/2014 - 10:02":

The property being vacant and the LL having to pay Council Tax is a great approach. That's got to be a way forward in negotiation.... Read More