NewYorkie

Registered with Property118.com
Tuesday 8th October 2013

Location
London

Trading Status
Company

Providing essential rental accommodation since
2003

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 150

NewYorkie

16:40 PM, 5th August 2020
About A week ago

Funding for boilers and more coming

Reply to the comment left by Susan Bradley at 05/08/2020 - 13:18
Does not include boilers... at this stage.... Read More

NewYorkie

16:04 PM, 30th July 2020
About 2 weeks ago

Very weird legal letter about council tax arrears?

I'm wondering if the fact that the outgoing tenant has agreed (in writing?) that you can use the deposit as the last month’s rent, if the outgoing tenant has unwittingly confirmed the tenancy ended at the end of that month.... Read More

NewYorkie

13:24 PM, 15th July 2020
About 4 weeks ago

Once in a generation opportunity to reboot the market in favour of tenants!

"Take steps to ensure landlords offer flexibility to tenants whose ability to pay their rent is affected by COVID-19, including by requiring landlords in receipt of mortgage holidays to notify their tenants of this and to enable tenants to be exempt from rental payments for the duration of the holiday".

Is this man ignorant or just thick?

For a start, evictions won't happen within a few weeks. We all know it normally takes months, with a tenant able to delay and obfuscate throughout, and would take even longer due to the backlog.

Next, the so-called 'mortgage holiday' myth must be de-bunked. There is no such thing! Landlords still have to pay their mortgage, in full, plus interest. They simply get to defer payments for a few months.

Most landlords are willing to agree on a payment plan for the tenant to pay arrears, but Khan believes tenants should be entitled to live in the landlord's property for free, for however long they want, claiming Covid-19 problems, and not face eviction.

What does Khan think happens when the landlord can't pay the mortgage?

I have a tenant who is currently 4 months in arrears. He's worked throughout the lockdown, claimed his SEIS lump sum, and received a tax rebate. His reason for not paying? I can get a mortgage holiday so he is entitled to a rent holiday!

Rather than lose their properties, I suspect some landlords will get so desperate, we will see mass law-breaking to remove problem tenants without going through yet more months of no income.... Read More

NewYorkie

9:50 AM, 9th July 2020
About a month ago

NRLA welcomes Chancellor's support for Green improvements

Reply to the comment left by Hardworking Landlord at 09/07/2020 - 08:19
I know how you feel! I will take advantage of this generous offer, but not for the scrounging tenant who decided he could stop paying his rent (according to him, I don't have to pay my mortgage so I don't need his rent!). He has worked throughout the lockdown and claimed self-employment income support.... Read More

NewYorkie

14:27 PM, 30th June 2020
About a month ago

Expensive insurance due to sensitive 3rd party information?

This is a classic example of how management agents rip-off leaseholders through service charge items such as Buildings Insurance and utilities. They obtain the most expensive policies and services because they receive large kick-backs from the providers. But if you have obtained RTM, then the appointment of the management company is in the hands of your RTM Co Ltd. If you are not happy with the agent, give them the requisite notice of termination. But the first step should be for your RTM directors to request full transparency of the insurance policy, premium and how much kick-back the agent has taken.

I've been through 2 RTMs and am a director of one. Our first act was to kick out the freeholder's management company, and we immediately saw a huge reduction in our Buildings insurance. We have 25 apartments and pay £3200 pa (£128 each).

Not knowing what sort of property you have, I can't say if this sort of premium would be right for you, but I would put money on it not needing to be £450 pa.... Read More