LVW4

Registered with Property118.com
Tuesday 8th October 2013

Location
London

Trading Status
Sole Owner

Providing essential rental accommodation since
2008

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 121

LVW4

11:15 AM, 6th October 2018
About 4 months ago

New Landlord Association seeking pledges

Time to take a tougher stance in the interests of landlords and their tenants. Count me in!... Read More

LVW4

11:45 AM, 2nd October 2018
About 4 months ago

Our RTM company has a Non paying leaseholder

Reply to the comment left by Jean-Charles Nicolas at 02/10/2018 - 10:12
It is not your responsibility to ensure the other owners pay their share, and it shouldn't affect how much you pay, or whether the decorating is done. It is the Freeholder and the RTM Co who must chase the debts, and take whatever action needed under the law. It's not nice if you all know each other, but that's the value of having an independent RTM Co to manage the service charges and ground rent collection. If the co-owner has a mortgage, and the RTM Co doesn't want to go to court, then the RTM Co can request payment from the mortgage company. The debt would then be added to the owners mortgage.... Read More

LVW4

14:30 PM, 20th June 2018
About 7 months ago

Of course it appears cheaper!

Reply to the comment left by Alison King at 20/06/2018 - 12:55
You've highlighted the lack of flexibility of owning, but I have to disagree that your tenants would be better off buying. The above 'hidden' ownership issues speak for themselves, and if I was a young potential buyer, I would stick with renting.

There are hundreds of thousands of new leaseholders who thought they would be owning their new homes, only to find they are not owning and worse than renting.... Read More

LVW4

12:04 PM, 20th June 2018
About 7 months ago

Of course it appears cheaper!

We grew up in council housing, and even though we paid rent, we treated it like our own home. Even to the point of installing our own gas fires (to thaw the ice on the inside of the windows!) and building a bathroom extension in the garden (so we didn't have to use the tin bath in the Kitchen!). We 'ad it tough in them days!
The point I'm making is renters, even in social housing, display zero responsibility for their 'home', but expect everything to be done for them, and if it isn't, it's all the landlord's fault and the government should legislate to protect them against the 'greedy' landlords.
Driven by the likes of Shelter and Generation Rent, immigration, massive pressure on social housing, and unfair and misguided government taxation and legislation of amateur BTL landlords, I think it will soon reach breaking point, if it isn't already there, where demand cannot be met by supply.
There has always been a majority of the population who cannot buy... and very soon... will not be able to rent either!... Read More

LVW4

11:22 AM, 20th June 2018
About 7 months ago

Of course it appears cheaper!

These 'hidden' costs owners are responsible for are just the tip of the iceberg, and banks are doing their customers a disservice by not pointing this out.
On the basis that the majority of new build homes typically targeting first time buyers and young families are 'Leasehold' or 'Fleecehold', they are not only faced with all the usual costs and, importantly, responsibilities of home ownership, but they then face being exploited by greedy and immoral developers and ground rent companies, with potentially uncapped service charge costs, ground rent payments, large unplanned repair bills, and permission fees for e.g. owning a puppy or changing a carpet... PLUS... massive legal costs and potential home forfeiture if you break the terms of the lease or fail or refuse to pay. If that wasn't enough to deter home ownership, how about being unable to sell your 'home' if you need to move for work or your family grows!
The cost of the stress associated with leasehold is not only financial, but physical and emotional.
This is what many thousands of 'amateur' BTL landlords live with every day, but their tenants don't see any of that!... Read More