Richard Peeters

Registered with
Friday 22nd November 2013

Latest Comments

Total Number of Property118 Comments: 141

Richard Peeters

20:43 PM, 26th March 2020, About A year ago

Essential maintenance can be carried out during lockdown

Reply to the comment left by David Lawrenson at 25/03/2020 - 11:31
I agree too: there was already what everyone called a "housing crisis", which has been trumped but not eliminated by the "virus crisis". It must therefore be "essential" work to reinstate a dwelling to be fit for occupation by someone who needs it.

Imagine a nurse, or one of the 600,000+ new NHS volunteers needing a room for a few months. Surely it is an essential service to make such rooms in a HMO or a flat to be available quickly for them?... Read More

Richard Peeters

7:54 AM, 21st March 2020, About A year ago

Three month mortgage payment holiday extended to Buy to Let

Reply to the comment left by Monty Bodkin at 20/03/2020 - 12:09
Self-Cert is the way to go, even with the risk to Govt of abuse of the support.

My next concern is that, once this pandemic has passed, the authorities and lenders will go on a witch hunt, demanding evidence for all the self-certs. Tenants might have moved on by then (including some via the Pearly Gates) leaving the landlord to have some of this support clawed back.... Read More

Richard Peeters

15:53 PM, 19th March 2020, About A year ago

Three month mortgage payment holiday extended to Buy to Let

I spoke to Topaz/Jasper (successors of Mortgage Express) earlier, and they don't have a clear position yet, either on process or evidence that might be required.

I can see a big problem in a HMO scenario (our main concern), if they need evidence from the affected tenants, because they might try to pro-rata the "mortgage holiday".
Now that the BOE rate has dropped to 0.1%, it would be far easier and more efficient for all, if the mortgage lenders simply gave this without red tape, as soon as a landlord applied for it, even in the HMO scenario with only one tenant in arrears or at significant risk of arrears.... Read More

Richard Peeters

13:04 PM, 24th February 2020, About A year ago

Worried about mitigating S24

Reply to the comment left by Mark Alexander at 21/02/2020 - 12:27
Many thanks Mark!
Ours is not structured as a Trust, so there are no complications with Nominees.
As you say "Tax follows beneficial ownership", so they should be protected from IHT.
Since title and mortgage security do not follow tax, then they remain at arm's length for insolvency purposes, either way.... Read More

Richard Peeters

12:22 PM, 15th January 2020, About 2 years ago

R2R challenges?

Reply to the comment left by Howard Reuben CeMap CeRER at 15/01/2020 - 12:09Thanks Howard, all those cautions and warnings have been noted already.

You wrote: "there may be lenders and insurance companies providing solutions for R2R scenarios" and it precisely those I am trying to identify.... Read More