Lesley Thomas

Registered with Property118.com
Thursday 15th November 2018


Latest Comments

Total Number of Property118 Comments: 27

Lesley Thomas

15:37 PM, 7th February 2021, About 6 months ago

How house prices are affected with tenants in situ?

Reply to the comment left by Dr Rosalind Beck at 07/02/2021 - 13:52
I would ask the tenants first. There's no harm in asking and giving them the first option.... Read More

Lesley Thomas

13:10 PM, 7th February 2021, About 6 months ago

How house prices are affected with tenants in situ?

Sell to the tenant. Find a decent mortgage broker to discuss all options with the tenant. We sold to tenants on, would you believe, Disability benefits as the main source of income where Barclays offered them an 80% mortgage. Some lenders agree to small gifted deposits too. If the tenant can afford the rent and has paid on time etc, then it's likely they can afford and may be eligible for a mortgage. The tenant does not have the hassle of moving out either, and Landlord does not have to get the property tidied up to go on the market, then pay estate agents' fees, etc. Not all tenants may do this, especially if the lender needs a big deposit. We waited 12 months to sell to our tenants so they could save up for their deposit. They hit eBay to sell unwanted stuff and cut down on non-essential outgoings (pub grub, Sky TV and branded groceries). They soon saved up a £25K deposit!... Read More

Lesley Thomas

9:44 AM, 2nd December 2020, About 8 months ago

Why The Housing Market Will Not Crash In 2021

Reply to the comment left by at 28/11/2020 - 07:53
Hi Ranjan, I replied to your message 4 days ago, are you able to respond to my original message? Lesley... Read More

Lesley Thomas

10:16 AM, 28th November 2020, About 8 months ago

Why The Housing Market Will Not Crash In 2021

Hi Ranjan, They are around Birmingham and we have a (successful) Holiday Let on Loch Ness, Scotland. Lesley... Read More

Lesley Thomas

15:30 PM, 27th November 2020, About 8 months ago

Why The Housing Market Will Not Crash In 2021

Hi Ranjan, Thanks for the informative video. It gives food for thought. We have a portfolio of 17 properties and want to off-load them asap and retire into the sunset. We are going to approach the tenants to see if they want to buy first. Any idea when the government may roll out the 5% deposit incentive to first time buyers on used homes? Lesley... Read More