Coastal

Registered with Property118.com
Monday 17th September 2018


Latest Comments

Total Number of Property118 Comments: 20

Coastal

11:12 AM, 12th March 2020
About 3 weeks ago

Tenants failed by Budget

Clearly the missed opportunity yesterday to help both tenants and the PRS sector itself, demonstrates the governments continued determination to steer many landlords into the ground - particularly those whom had committed to mortgages!

It also demonstrates that holiday homes are still considered more important than affordable rental properties for families, now with the potential benefit of a £3000.00 grant and rate relief. Astonishing!... Read More

Coastal

15:45 PM, 14th February 2020
About 2 months ago

String of data shows government policy failure

Apart from the time it takes to evict a tenant, I find as soon as an eviction notice is served, the tenant stops paying any rent at all! Over the 6 to 8 months, this just adds to massive eviction cost!
Until the government wakes up and stops subsidising and encouraging holiday lets with tax incentives, the housing shortage will just grow and grow... it's not rocket science! Families require long term housing, not holiday homes or bed and breakfast.... Read More

Coastal

12:23 PM, 31st January 2020
About 2 months ago

ARLA predict 500,000 PRS homes could be lost to short-term lets

When George Osbourne hit landlords with his baseball bat in the 2015 budget, it was immediately obvious what would happen in terms of adding to the long term housing shortages. Obvious to all except government policy makers!
Britain needs family homes and not part filled holiday lets. Unless urgent change is made to the PRS, I will have to evict long term tenants, including some disabled from around 50 properties due to the current unworkable policy changes!... Read More

Coastal

11:38 AM, 21st December 2019
About 3 months ago

Third of landlords looking to shrink portfolios

Indeed DC, trust in government has completely evaporated in terms of business investment. Their mantra of "Making hard work pay" applies until the goal posts are moved!
If they genuinely wanted to vastly reduce BTL businesses purchasing properties for rent, then surely the S24 changes could and should have applied from Osbourne's budget date and not have been back dated on all pre existing mortgages that one had committed on?
Then for good measure, they make it near on impossible to move everything into a Ltd Co without vast complications and cost!... Read More

Coastal

13:08 PM, 20th December 2019
About 3 months ago

Third of landlords looking to shrink portfolios

Unless the government wake up to real world events caused by their out of touch misguided decision making within the PRS, I shall also be looking to sell up, meaning some 50 local families will lose their homes, half of which are on benefits and or disabled. The relentless targeting of private landlords as being the main reason for rising property prices, homelessness and higher rents really must stop under this new government.

The reality with the UK's worsening housing crisis comes back to prices, which have been fueled by successive government policy of selling off social housing, which begun in the early seventies, Help to Buy and a dysfunctional planning system which makes gaining consent to new build a massive challenge, thus fueling land prices and developers profits if / when they do succeed and of course ensuring little or no green belt can be built on. This is despite only approx 1.1% of the UK already having buildings. Add to this the promised gov shortfall over the last 20 years of 2.3 million new homes and the scrapping of tenant fees which have as predicted have pushed up rents for the so called greedy landlords, all adds up to more failed polices, which are somehow our fault.

The Queens speech covering new protections for tenants, including the abolition of S21, again covers little or nothing to provide new hope for the private landlord. Whats urgently needed is a 'working with not against landlords' policy, the scrapping of Mr Osbourne's draconian changes of additional property stamp duty, the S24 tax on turnover system. The creating and allowance of three new build sustainable houses to every square mile as long as they have existing road access.

The reality I suspect is nothing significant will really change, with the same old blinded tinkering and a worsening UK housing position over the next five years.... Read More