PJB

Registered with Property118.com
Sunday 15th April 2018

Trading Status
Partnership

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 33

PJB

13:53 PM, 29th June 2019
About 2 weeks ago

Government plans for deposit passporting

Reply to the comment left by Old Mrs Landlord at 29/06/2019 - 13:44
Think about it. Shelter gets involved at the coal face and becomes part of the PRS supply chain. Tenants get a 'Shelter' approved loan and, more importantly, there is no need to tinker with the current deposit system.
I am looking at the bigger picture, not just selfish interest.... Read More

PJB

13:26 PM, 29th June 2019
About 2 weeks ago

Government plans for deposit passporting

Reply to the comment left by David Price at 29/06/2019 - 10:14
Yes, I can see a win-win-win situation if Shelter did provide specific deposit bridging loans. Good suggestion.... Read More

PJB

11:33 AM, 29th June 2019
About 2 weeks ago

Government plans for deposit passporting

Reply to the comment left by Luke P at 29/06/2019 - 11:19However it is re-jigged, it boils down to the need of the (new) tenant to dip into his/her own rainy day fund ahead of entering into a new agreement. It is called a savings plan. It can be administered by the tenant or government (not going to happen) or by others.
The alternative would some kind of loan arrangement. The deposit bridging loan solution would be the most appropriate.

Both schemes can run alongside each other.... Read More

PJB

9:48 AM, 29th June 2019
About 2 weeks ago

Government plans for deposit passporting

Agreed. The most important time for a deposit is the contribution to repairs and dilapidations after the tenant has left the property. The second most important time for a deposit is paid to the new landlord at the time of signing the new tenancy agreement. Two deposits are needed at the same point in time.

The analogy that springs to mind is that is a person may be committed to buy a property but hasn’t been able to sell their old property in good time. If the deal isn’t going to fall through then a bridging loan is required. The issue here is the same but on a much smaller scale.

Repurposing (ugh) the security deposit is not viable but an opportunity to provide specific deposit bridging loans is. Letting agents are currently suffering with the Tenant Fees Act, providing deposit bridging loans may help.... Read More

PJB

8:24 AM, 22nd May 2019
About 2 months ago

Landlords Alliance - Emergency Euro Elections Statement

I have lost faith with all the MPs ability to think. The parliamentary voting system MP have chosen to use means any Brexit plan is predictably vetoed. NO-ONE has been brave enough to give MPs a list of all the possible Brexit outcomes on one piece of paper, get them to score them in order of preference and THEN submit them according to proportional representation rules!
An winner is guaranteed AND it is democratic.
Tomorrow, we decide. Brexit party it is.... Read More