moneymanager

Registered with Property118.com
Saturday 24th February 2018

Trading Status
Sole Owner

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 94

moneymanager

13:17 PM, 4th July 2020
About 20 hours ago

Savings rates worst in a decade

Reply to the comment left by Seething Landlord at 30/06/2020 - 13:16
"(1) to enable Government to borrow the vast sums that they need at minimal cost" or more cynically to continue the banks ability to "borrow" at next to nothing from the Government and continue to stiff the public by maintained high lending rates; as of last September the AVERAGE APR on credit casrds 24.7% the highest in 13 years, didn;t someone throw the money lenders out of the temple a couple of millenia ago?... Read More

moneymanager

11:19 AM, 3rd July 2020
About 2 days ago

Switching AST to which contract type for tenants with Ltd co?

Company letting contracts will normally permit an "any employee or director" to occupy which effectively means you lose control. We have done company lets and specifically excluded that and in some instances built in some provision for curtailment of the contract in the event of redundancy.... Read More

moneymanager

13:57 PM, 2nd July 2020
About 3 days ago

Electrical Safety Standards from 1/7/20 new tenancies and 1/04/21 existing

On the ever reliable gov.uk site the link reads:

3. Which rented properties do the Electrical Safety Regulations apply to?

The Regulations apply to new tenancies from 1 July 2020 and existing tenancies from 1 April 2020.

Notwithstanding the obvious error can someone clarify the position re fixed term renewals between now and next April.... Read More

moneymanager

11:49 AM, 5th June 2020
About 4 weeks ago

It's constant uproar - What would you do?

Get a new tenant, she is too high maintenance.... Read More

moneymanager

12:07 PM, 30th May 2020
About a month ago

£18.49bn of Bounce Back Loans agreed

Any way you look at this the damage done to both the state and to private business by the foisting on it of "Greek" style debt when it was neither wanted nor needed is positively Kafkaesque. Six year debt, guaranteed by governement but for which you pay (under BBL) 2.5% to a bank with a near zero cost to its "stock" seems like a dammed good business proposition, they sure as hell would never have had that much lending without "COVID. Under CBILS the floating rate option is most likely going to include a "never less than 0% clause" but that will be PLUS the facility margin which means the bank will be charging you a positive rate of interest EVEN IF its cost of funds turns negative, I'd call that theft, or am I misreading something?... Read More