Coastal

Registered with Property118.com
Monday 17th September 2018


Latest Comments

Total Number of Property118 Comments: 17

Coastal

11:38 AM, 21st December 2019
About 4 weeks 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 4 weeks 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

Coastal

10:04 AM, 14th August 2019
About 5 months ago

Landlords - what would YOU like to see in a training course?

It's government ministers which urgently need to go on a training course in order to understand what their myriad of new laws and regulations are doing to landlord confidence and tenant rent increases!... Read More

Coastal

13:31 PM, 5th August 2019
About 5 months ago

Another TV Programme!

Perhaps Fergus, insist on seeing the edited version before they air it this time. Hopefully you could highlight the two opposing forces at play, with local gov desperate for social housing to the point of some Councils having to offer cash incentives to the PSL, whom in turn many are looking to exit the business because of the onslaught of anti landlord policies by central gov, such as Rosalind's point with S-24 plus the whole shopping list of other policies which are causing rents to now increase, leaving vulnerable and HIB people with less and less homes available. Giving tax incentives to holiday homes whilst placing vulnerable people in bed and breakfast is strangely something the media of course don't highlight. Instead of taxing and red taping PSL's into the ground, tax incentives should be made to those landlords providing quality homes and even those able to build new homes for rental.

Ever since George Osbourne launched his 'moving goal posts' policy of S24 on existing BTL mortgage commitments (rather than applying to new BTL finance after that date) I like many landlords have lost both faith and trust in gov and unless Boris makes serious urgent change will likely end up evicting my own vulnerable tenants, some of which have disabilities and mental health issues in order to sell up.

Good luck Fergus.... Read More

Coastal

11:07 AM, 22nd July 2019
About 6 months ago

Pointless Rogue Landlords Database

“If the Government want to deliver a fairer, better quality and more affordable private rental market, then they also need to create a fair balance by introducing a rogue tenant database which landlords in turn could access!... Read More