Kevin Thomson

Registered with Property118.com
Saturday 28th December 2013


Latest Comments

Total Number of Property118 Comments: 59

Kevin Thomson

12:33 PM, 13th May 2019
About 2 months ago

Average UK rent up 2% to £936 - Homelet

taken as a whole these figures conflict and make no sense....

'-The average rent in the UK is now £936, up by 2.0% on the same time last year

-When London is excluded, the average rent in the UK is now £775, this is up by 8% on last year

-Average rents in London are now £1,617, up by 8% on last year

-The region with the largest year-on-year increase is the South East, showing a 3.2% increase between March 2018 and March 2019'... Read More

Kevin Thomson

18:31 PM, 7th January 2019
About 6 months ago

Open ended tenancies and on the hook for start dates?

Reply to the comment left by AA at 07/01/2019 - 15:55
I've been renting per room in the region of £500-575 per month. But £600 per room is probably not far away, as you were saying with a 4 bedroom advertised at 2,400.

5 years ago I think my rooms averaged 400, some even 350.

to my mind rents have risen big time as soon as the SNP lease came on the horizon, and perhaps more importantly the prospect of rent controls, ie best put rents up now before you can't.

funny that the idea of rent controls has had the opposite effect of what was intended.... Read More

Kevin Thomson

12:40 PM, 7th January 2019
About 6 months ago

Open ended tenancies and on the hook for start dates?

Reply to the comment left by AA at 07/01/2019 - 11:20
landlords have been left to make their business decisions on 28 days notice.

student HMO businesses in particular will flounder in this environment. If student tenants are not willing to take up tenancies from 1st June then I will be switching to working people.... Read More

Kevin Thomson

20:50 PM, 5th January 2019
About 6 months ago

Open ended tenancies and on the hook for start dates?

Reply to the comment left by AA at 05/01/2019 - 18:14
it would certainly be very useful if student HMOs could receive the same treatment as student accommodation companies.

I've no idea why they do or even should have this exemption from open-ended tenancies, ie what makes them so special?

to my mind the new SNP lease will kill Edinburgh Festival lets in student HMO flats. I've had many performers stay in such flats for many years. I'm being contacted now about Festival lets but I can't offer anything unless I know students will be leaving. And students leaving mid-May then having a Festival let is no use to me. As in I'm going back to my first point about June and July. I might find some holiday lets to cover the shortfall in June/July, but often not. And that's before factoring in the extra work the holiday lets generate.

bottom line is I will now need a new set of long-term tenants from June, rather than September in pre-SNP-lease days. So, if students want to sign up from 1st June that is fine, otherwise it will be working people.

Festival performers will sadly have to look elsewhere.... Read More

Kevin Thomson

12:07 PM, 5th January 2019
About 6 months ago

Open ended tenancies and on the hook for start dates?

Reply to the comment left by AA at 05/01/2019 - 10:15
real problem for student lets, as I see it, is the June and July period.

with no fixed term students can no longer be forced to stay into the summer after their courses finish around the end of May.

August can always be covered by a Festival let, but June and July can be slow going for holiday lets. My experience is that a student flat and holiday lets are not a marriage made in heaven. holiday lets have to be closer to hotel standard than most student accommodation.

On this note I'm considering exiting the student market and renting HMOs to working people.... Read More