JJ

Registered with Property118.com
Tuesday 22nd May 2018

Trading Status
Sole Owner

Providing essential rental accommodation since
2002

Number of rental properties owned
0 - 5

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 123

JJ

12:26 PM, 16th October 2019
About 7 days ago

Forced sale of family trust property under Labour plans?

Reply to the comment left by Dr Rosalind Beck at 16/10/2019 - 12:17
Dr. Beck is correct: This isn't a problem for the type of left-wing militant extremists presently running the labour party, and it may not be a problem for many of the people now supporting the former liberal democrats who have committed themselves to the redistribution of assets anyway.

Just as Gordon Brown raided personal pensions, and didn't care because he saw personal pensions as the preserve of the 'rich', left-wing extremists in both the labour and liberal parties are likely to attack property. The small number of people in these parties with enough intelligence are likely to be able to understand that attacking a UK person's right to hold their principle private residence free of tax during their lifetime (although they are likely to attack them through inheritance taxes) is not going to get them elected.

But if they got elected they would be likely to go after assets held in trust, including pensions which are assets held in trust, and residential properties held by landlords and trusts, many of which are being used as pensions anyway.

That potentially affects very large numbers of people but the extremists will not care.... Read More

JJ

10:48 AM, 16th October 2019
About 7 days ago

Forced sale of family trust property under Labour plans?

One of the difficulties for property owners of the present labour proposals (and there are many) is that a forced sale when you do not want to not only potentially takes away your rights to the future value of the investment and any revenue streams you may get from that, it also produces a tax liability at at time that is not of your choosing: For many property investors if there is a CGT liability they need to be able to choose a time when the rest of their income is low.
With trusts, some trusts are no longer subject to inheritance tax, but some trusts pay income tax and capital gains tax at higher rates. It's important to know what type of trust you have.... Read More

JJ

18:14 PM, 11th October 2019
About 2 weeks ago

Removal of Section 21 Housing Act 1988

I think if anyone is responding to the consultation, "I predict that abolishing s21 will end up hurting the very people Government is trying to help" is the most important part of Ian's original post but it needs to be presented as a fact, not a fear.
In situations where you have an antisocial tenant in a group, whether in flats or in a HMO, removal of section 21 will remove your ability as a landlord to do something about situations where the landlord is unable to act under section 8 because of lack of proof and because the police are unable to act for the same reasons. What that will do is to make the *majority* of tenants in shared premises vulnerable.
So section 21 needs to be improved, not removed.... Read More

JJ

14:24 PM, 10th October 2019
About 2 weeks ago

Removal of Section 21 Housing Act 1988

Reply to the comment left by Ian Narbeth at 10/10/2019 - 12:54It isn't just an issue of upsetting the neighbours: Some tenants are a threat.
Talking to the lady I was talking to the reason they are regularly in lockdown is that the police regularly come in and lock them down for their own security. Sure, that part of the problem is a major inconvenience.
But when you come back and some of the tenants or their guests are smoking crack in the stairwells, that's a threat.
The thing is that some tenants aren't just a nuisance, they are also a threat. The police can't always act, they don't have the evidence. The behaviour of some tenants is also intimidating. As a landlord you often can't get evidence. You don't have the powers to watch problem tenants all the time and get evidence - as a landlord, you're not allowed to install surveillance equipment, and even if you did, some tenants would vandalise it.
Without section 21 you can't adequately protect your other tenants: The minority of problem tenants threaten the majority of tenants who do behave themselves. Removal of section 21 removes your ability to act when the police cannot.... Read More

JJ

10:30 AM, 10th October 2019
About 2 weeks ago

Removal of Section 21 Housing Act 1988

Reply to the comment left by Ian Narbeth at 10/10/2019 - 10:16
Interesting: I was chatting to someone a few weeks ago whose daughter lives in a flat and has a young child. The people in the flats on the top floor are drug users who are housed by the council. Apparently her daughter often has to get out of the house with her daughter quickly if the police come in to deal with problems, because if the police get in the place goes into 'lock down' and they then can't get out. They've also come home and found drug users smoking crack in the stairwells.

The council don't want to get rid of the drug users, presumably because if they do, they only have to deal with the problem somewhere else. So the good tenants are affected.

I think this S21 ban doesn't just potentially affect people in HMOs, it also affects people in flats who are intimidated.... Read More