Danny 10

Registered with Property118.com
Thursday 6th September 2018

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 11

Danny 10

12:37 PM, 11th September 2018
About 12 months ago

What do 'Generation Rent' want?

I am a small scale landlord with 5 properties, mostly flats in areas of the country where there's a lot of students, grads and workers from Overseas/EU. My properties are in the relatively 'low end' price scale, £150-200k.
Often charting with my tenants, I would certainly go as far as saying in my experience there is a very large and real number of people in this sector, (22-35 year olds), who are happy to rent with little or no desire to buy.
Most see ownership as a big responsibility and an unnecessary drag on their lifestyles, time, savings and freedom. Prefering to use their savings for what they feel to be fun, enjoyment, travel and entertainment.
A lot see it at their particular point in life to commit to a property of a certain size or in a certain area, might not be what they want 2,3 or 4 years later. The 'add ons' such as estate agent and legal fees costs are considerable, when you buy and sell equal to a years rent. Also some see all the uncertainty in the housing market with Brexit etc as a distraction from ownership.... Read More

Danny 10

1:41 AM, 11th September 2018
About 12 months ago

Local Authority sits by as freehold co. breaks law and LTA?

Again thank you Puzzler. That's correct Co. House wrote to and warned the Freeholder for not updating new details & address for directors and the change of Registered Office.
Mr B did volunteer to be a director, but forgot about it, as he never received any documents or heard any further of this position he held in 3 years. Wrongly assuming he was not a director after all.
Pretty difficult to "arrange a meeting" when for the past 18 month the Freehold Co. won't even reply to my letters and emails. I had to employ a solicitor previously as they did not like my "tone or attitude" and felt I was being "derogatory" so refused to talk.
I live about 100 miles away, so its a bit far to drive just on speculation someone might be about. I also work in China 2-3 months at a time, where I am now.
Finally the knotweed which was first detected in 2013 and still persists, I ve written to the Freeholder many times asking for an updated report and prognosis. Nothing!?!?... Read More

Danny 10

8:56 AM, 10th September 2018
About 12 months ago

Local Authority sits by as freehold co. breaks law and LTA?

Reply to the comment left by Puzzler at 09/09/2018 - 19:03
Many thanks Puzzler, yes that's my thoughts too. Mr A lives in Northwich and the property is in Dorset. There was an AGM last year the first one as long as I've been an owner, 2011. It was a bit informal and disorganised, the minutes that were recorded did not state the one previous. But I was told possibly in 2007?!? I was unable to attend being overseas on work.<br /Its just so absurd and chaotic you could not make a more ridiculous story if you tried. Its almost laughable, if I did nt have money invested.
A few years ago hoping to try to establish wtf was going on, I had to write to Companies House, as I was provide with incorrect names and address for the Directors. Those on all the invoices, statements etc were out of date, so too on the Companies House register. I wrote to all 3 Directors, one of them Mr B was shocked to discover he was a director and had been for 3 years. Never attending meetings, conducting discussions, signing forms or annual accounts. Nothing!!
He was as disgruntled about the state of the building and the knotweed infestation as I was. He said: ''I VE BEEN COMPLAINING ABOUT THIS FOR A WHILE BUT NOTHING'S BEEN DONE". Just madness!!
Well the knotweed has since spread as the PM did nt employ a professional company to treat it for the first 2 years.
So from here on in, there's no £80 p/m SC fees from me, until it gets sorted. Reasonable grounds too I say.... Read More

Danny 10

14:15 PM, 9th September 2018
About 12 months ago

Share of Freehold building insurance?

Reply to the comment left by Rob Crawford at 09/09/2018 - 13:59Rob and all the others whom have contributed to Nick's post, I d be really grateful of some input and advice to my similar or 'Freehold Insurance' related query. As I ve paid but my landlord/freeholder can't or won't produce the policy documents. Local Authority sits by as freehold co. breaks law and LTA?... Read More

Danny 10

13:16 PM, 9th September 2018
About 12 months ago

Share of Freehold building insurance?

Reply to the comment left by Puzzler at 09/09/2018 - 12:51
Thank you for the off topic response, I hope that this arrangement continues to be cordial and acceptable to all involved. Cheers.... Read More