Lesley Thomas

Registered with Property118.com
Thursday 15th November 2018


Latest Comments

Total Number of Property118 Comments: 28

Lesley Thomas

16:36 PM, 27th October 2021, About 7 months ago

Kerching! Birmingham City Council Decides to Cash-in on Landlords

We knew this was coming. In any event, we have already started selling our portfolio. We cannot see the attraction of being 24/7, adult babysitter's when the councils and housing associations get away with murder. Mmmm - funny how the TV programs and complaints are always about private landlords. Just visited one of our properties today where the tenants have just done a 'moonlight' in rent arrears. You know... the usual reason to escape under the cover of darkness. They've left so much stuff and rubbish. Probably, two-three skips. You cannot even walk down the garden with the weeds over 6ft high. It looks like the place has never, ever been cleaned. Glad to see the back of them and all our BTL houses. Get out whilst the house prices and demand is high!... Read More

Lesley Thomas

15:37 PM, 7th February 2021, About A year 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 A year 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 A year 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 2 years 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