Charles Pilton

Registered with Property118.com
Thursday 31st October 2013

Insures properties through a broker recommended by Property118
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Latest Comments

Total Number of Property118 Comments: 8

Charles Pilton

9:17 AM, 14th March 2020
About 5 months ago

Budget 2020 - Landlord Reactions

Back in June 2018 the Government announced that NHS funding would be increasing by £20.5 billion in real terms over 5 years. That alone is £394 million per week.
In the recent budget the Government committed a further £6 billion over the course of this Parliament plus a £5 billion fund for the coronavirus.
So, on the face of it, it seems as though the £350 million a week "promise" has been more than fulfilled.... Read More

Charles Pilton

18:45 PM, 25th July 2019
About A year ago

Insurance loophole - illegal activities

Reply to the comment left by Jason McClean at 18/07/2019 - 16:12
Hello Jason, thanks for your comment! Yes, I would certainly like to know who that provider is. I have seen at least 1 provider that will cover cannabis factories if certain conditions are met, such as 6 monthly inspections, tenant vetting etc. But they make no mention of any other potential illegal activities such as drug sales.... Read More

Charles Pilton

17:45 PM, 25th July 2019
About A year ago

Insurance loophole - illegal activities

Reply to the comment left by Ruth Clarke CRLA at 23/07/2019 - 14:50
Hello Ruth,
the last policy wording that I looked at, from a reasonably well-known provider, capped the amount insured for malicious damage at £5,000 AND specifically excluded any cover for any damage caused by illegal activities at the property. £5,000 would be unlikely to cover the damage from a cannabis factory, especially if they accidentally burnt the place down. So you might want to check how much cover for malicious damage these providers are offering. Personally I would want to see in writing that they will cover cannabis factories and not just rely on a verbal reassurance.... Read More

Charles Pilton

16:04 PM, 15th April 2019
About A year ago

Section 21 Ban - Government Consultation and Press Release

Reply to the comment left by Luke P at 15/04/2019 - 15:55
What happens if you need to sell a property, e.g. to pay off the mortgage?... Read More

Charles Pilton

14:56 PM, 15th April 2019
About A year ago

Section 21 Ban - Government Consultation and Press Release

The obvious potential problem here would seem to be that a tenant could effectively force a landlord to continue renting to them permanently. As long as they met the tenancy conditions, you could never ask them to leave.
However, if the revised Section 8 process truly and relatively easily allows the landlord to reclaim any buy to let property to either live in or sell, then this would seem to remove that risk.... Read More