Richard Peeters

Registered with Property118.com
Friday 22nd November 2013


Latest Comments

Total Number of Property118 Comments: 81

Richard Peeters

12:10 PM, 17th December 2018
About a month ago

And the landlord vote goes to - Please vote again

It is a real shame that there is little chance of decent genuine Independents even standing for election (and I don't mean "raving looney" parties).
There are numerically more votes to be won by overpromising to tenants than to landlords. More for union members that for business owners. More for the unemployed than for entrepreneurs.
Which Party and which MP wants to represent a successful landlord? None.... Read More

Richard Peeters

17:39 PM, 15th December 2018
About a month ago

TDS annual review

Is the deposit-free rental model a good idea?
https://www.estateagenttoday.co.uk/features/2018/12/is-the-deposit-free-rental-model-a-good-idea

One good thing that would come from this should be that the insurers will soon see which tenants tend to cause them the greatest payouts, and so they will have to raise premiums on those tenants, or possibly declining to insure them. That in itself would be a great filter for landlords when signing up a new tenant.

Is it my imagination, or can you also see Shelter immediately claiming that the insurers are ganging up with landlords to discriminate against innocent tenants?... Read More

Richard Peeters

17:23 PM, 15th December 2018
About a month ago

Manchester’s temporary accommodation up nearly 500% in 5 years

Reply to the comment left by Mark Alexander at 15/12/2018 - 09:42
Landlords leaving the PRS are likely to be selling properties in unsatisfactory states of repair (s24 will have taken away their cashflow to spend on repairs and upkeep).

That kind of property may suit a few of the first time buyers that Osborne et al claimed to be helping, but only those with the skills and some spare time and surplus cash to pay for materials etc. They won't get the best financing on a run-down property until after they have improved and then refinanced it. This doesn't seem to me to be of interest to a big segment of FTBs.

Builders could very likely be interested, with the aim of a quick refurb and resale. FTBs would be buying a nice property, but at full whack after the refurb.

Other landlords? Yes, if the numbers stacked up for rentals, which probably means HMOs and SA if they are anywhere near big cities.

That's why I agree entirely that the aim of s24 is to force smallest landlords out of the sector, and others from Personal tax regime to the much more tightly controlled Corporation Tax regime instead (plus Companies House control too).

I wonder how many MPs are themselves landlords? They must be keeping their heads below the parapet to avoid being accused of being one of those "rogue landlords" too.... Read More

Richard Peeters

10:26 AM, 12th December 2018
About a month ago

Manchester’s temporary accommodation up nearly 500% in 5 years

Reply to the comment left by Annie Landlord at 11/12/2018 - 18:14Annie: the licensing fees are not allowed to flow to anything else but setting up and running the licensing scheme. Call me cynical, but this tends to promote empire building of the licensing team, and that explains the reason why LAs are so eager to introduce and expand such schemes. They cannot even identify the rogue landlords that the schemes are supposed to eliminate. And of course the licensing "silo" has no jurisdiction over the temporary housing "silo". Obscene indeed!... Read More

Richard Peeters

11:39 AM, 7th December 2018
About a month ago

TDS annual review

Errrmmm … looks like Zero Deposits is at a very early stage yet, and landlords cannot access it directly. Tenants pay the equivalent of one week's rent to them (instead of up to six weeks' deposit) so it eases their cashflow at the start of a tenancy. That covers landlord for the equivalent of six week's loss/damage, and does not limit the landlord from claiming higher amounts from the tenant. Tenant also pays £26 pa to stay in the scheme. Seems to be "free" to landlords, but it seems they are trying to force it to operate through larger chains of letting agents (as their approach to growing the user base quickly). I have no problem with that, but I'm not so keen to be a guinea pig. I will watch with great interest.... Read More