Frazer Fearnhead

Registered with
Wednesday 16th November 2011

Latest Comments

Total Number of Property118 Comments: 4

Frazer Fearnhead

9:15 AM, 26th July 2014, About 7 years ago

Buy to let portfolio - help me see the bigger picture

Reply to the comment left by "kelvin kaliyati" at "23/07/2014 - 12:43":

Hi Kelvin
I admire your enthusiasm and ambition. It is disappointing to see that people choose to mock that rather than support you, but the internet sometimes brings out the harsher more cynical parts of people's nature.

Having said that - the comments are fundamentally correct in what they say and you should not be mislead by seemingly easy rags to riches stories. It is NEVER easy.

Speaking from someone who adopted a high risk highly leveraged strategy in buying lots of flats in the boom years - I have learned that you need to build in a very generous contingency if you want to be able to sleep at night. Unexpected expenses and voids happen all the time and service charges on flats are horrendous. They will destroy your profit margins in most cases and there is nothing you can do about it.

I note you work at the Lime Bar - I am also based in Manchester. If you want to come to my office for a coffee and a chat, you are very welcome. Contact me if you would like to do so. If not I wish you the best of luck.... Read More

Frazer Fearnhead

11:59 AM, 12th January 2014, About 8 years ago

Crowd-funded HMO/buy to let - new business opportunity?

Reply to the comment left by "Mark Alexander" at "08/01/2014 - 23:04":

Hi Mark

For the record we have taken legal advice and have been advised by our corporate lawyers that we are not affected by the new FCA regulations. So for the forseeable future will continue to offer both our 50/50 profit share model and our 7.5% income only model.

Kind regards
Frazer Fearnhead
MD The House Crowd... Read More

Frazer Fearnhead

6:55 AM, 11th April 2012, About 10 years ago

Shocked Chancellor orders landlord tax scrutiny

George Osbourne is 'shocked' ! Give me a break. If that’s true,
 he must be completely stupid (which I doubt) to fail to appreciate that
buy to let is a business like any other. Income does not equate to profit and
the costs of running a business, including interest payable on loans to finance
the growth of that business, are clearly an expense incurred wholly and
specifically in relation to the business and are justifiably a deductible
expense. To try and change that situation would be ludicrous.


Controversial though it may be – but it's a fact – the rich actually
pay a lot more than their fair share of tax already. According to HMRC the
top 1% of earners pay a  27% of all income tax, whilst the bottom 50% of
earners, despite being the people who benefit most from the public services
income tax is supposed to pay for,  paid only 11% of the total income tax
amount collected. 


So the fact is the rich pay a disproportionately high amount of tax
and contribute massively towards an education system their children don't use ,
a health service they avoid wherever possible, and in general contribute a damn
site more to the welfare state and public services than all the people who
whinge that the rich don't pay enough tax.


It's time the government stood up for those
people in this country who actually create businesses and produce the wealth and for landlords who provide much
needed housing instead of pandering to ignorant Daily Mail readers.
 George – try to grow a pair. 

... Read More

Frazer Fearnhead

5:39 AM, 13th March 2012, About 10 years ago

Vital Contacts for LHA Landlords

Thanks for a great article JohnPaul. After hearing you speak a couple of years and investigating the position further ago I started to move into the LHA market and now have a number of properties let to LHA tenants. However sometimes the councils are not paying the rates stated on the LHA website, even though the tenants do qualify for the room rate we are asking for. Getting a straight answer out of them as to why not is proving difficult - have you any experience of why this sometimes happens and what any answer as to what can be done about it.   ... Read More