Alistair Cooper

Registered with Property118.com
Sunday 24th November 2013


Latest Comments

Total Number of Property118 Comments: 57

Alistair Cooper

13:21 PM, 25th April 2022, About a month ago

Land Registry holding up loan?

I don’t suppose the threatening presence of Jacob Rees Mogg at the offices will make a great deal of difference either !... Read More

Alistair Cooper

10:26 AM, 11th March 2022, About 3 months ago

Cost of Living Crisis - What do we do as landlords?

The hikes in energy and all other costs will start to change the all inclusive HMO model especially in high value areas where mortgages are naturally much larger. Gas & Elec alone for my 6/7 bed HMOs will likely top £12000/year if the further rise of circa 50% cuts in from October.
To cover such costs nicer rooms will top £1000/month to stay viable and I doubt the market will stand such rises
We have began to switch our properties to short term/AirBnB serviced accommodation and find the experience a whole lot more desirable than being an HMO landlord and watching our properties being constantly abused. A great Sec 24 hedge as well.
I suspect the supply of affordable accommodation will fall sharply but this is a direct consequence of ill thought through government policy; the energy prices just exacerbate the tide... Read More

Alistair Cooper

10:27 AM, 5th February 2022, About 4 months ago

Levelling Up White Paper - S21 abolished - Landlord register - Decent homes standard

Another very poorly thought through white paper aimed at diverting attention away from Boris/Partygate and failing to define any serious policy
£3bn may sound a lot of money but in terms of solving Britain’s lack of quality affordable housing it’s like giving an Alsatian a tiny pea sized piece of meat; he will gobble it in a flash and come back for a whole lot more!
As discussed a mere 15% increase in the Housing Element of Uni Credit bill will cost more than this alone.
Increasing more and more costs upon any business especially in a highly inflationary environment will result in one thing; far higher prices, ie rents.
Politicians of all colours who fail to make the effort to really understand the market and just jump on the generation rent bandwagon miss the point; it will cost a huge amount of public money one way or another to provide quality low cost housing.
They either build their own and struggle to manage it properly, ‘give’ cheap money to so called housing associations which already behave like corporate PLCs, or pay the ‘pain’ via much higher housing benefits as rents increase swiftly and more and more people claim, and claim higher amounts!
This white paper clearly didn’t get proof read by Rishi Sunak!
Banks may decide to enter the market by becoming big landlords, but will they want to continue to offer 85% LTV mortgages when they too can’t get a tenant out even when they exercise their right to take control of the property under the 1925 Property Act?
No mention of reforming the totally broken Civil Courts System. We already have a situation where in reality a tenant that resists a section 21 notice knows they have 12-18 months before any real ‘fear’ of eviction is likely to materialise... Read More

Alistair Cooper

18:22 PM, 27th November 2021, About 6 months ago

I maintain it's not an HMO?

As rent has been accepted from the new tenant it could be argued that a prima facie tenancy has been created but if no deed of assignment was drafted and signed this new tenant would not become a party to the original multi party tenancy
There may be the existence of a new 2 party tenancy between the landlord and that particular tenant only
If the notice was served severally it would thus not be valid on that new tenant (as he/she would not be party to the original tenancy unless that Deed was drafted and agreed by the remaining parties )
In such a case a new single notice would need to be served and in the absence of a written tenancy agreement possession could not be perused on S21 grounds
The lack of a license does not proclude possession on other grounds (ie arrears but there are none in this case) or the desire to sell the property etc. but full possession via a hearing would need to be sought, which in the current circumstances will be very slow... Read More

Alistair Cooper

11:42 AM, 25th November 2021, About 6 months ago

I maintain it's not an HMO?

Did your new (silent) tenant sign any paperwork when she moved in ? A Deed of Assignment would have been sufficient to bind her to the terms of the existing AST?
If her rent in up to date and you have served notice (presumably a section 21 if rent is up to date) all you can do is proceed to apply for a Possession Order in the County Court. However the burden of evidence non fault possession is much stricter than for Section 8 (arrears) cases so you will need to provide strong documentary evidence.
Whichever route you take the process is very slow so better if you can to persist in trying to communicate and negotiate with her to leave amicably... Read More