The Forever Tenant

Registered with Property118.com
Tuesday 3rd September 2019


Latest Comments

Total Number of Property118 Comments: 70

The Forever Tenant

17:29 PM, 3rd April 2020
About 4 days ago

No Rent For Buy To Let Landlords

I do hope that one day I'll get the break that means I can live a comfortable life, but until then I will keep fighting for what's right.

I don't want to give up and I don't want to be irresponsible. There are people out there that depend on me and I don't want to let them down.... Read More

The Forever Tenant

17:12 PM, 3rd April 2020
About 4 days ago

No Rent For Buy To Let Landlords

Nope, no holidays either. I can be honest with you and say that my ongoing costs are just that high, because that's what they are round here.

I did look at the commuting option, however the additional cost in petrol and commuting negated any saving made in rent.

I do have savings which I am putting money into each month but it's not fast enough and a life event like my car breaking down means that the savings can get gobbled up.

I'm in this weird middle place with my earnings. I earn too much to get any government assistance but not enough to make any headway on savings.

I'm trying to train further so that I can improve my career prospects and earn more, however I do think that Covid-19 is going to have a detrimental effect on the salaries of many many people and that wages are going to stagnate for some time. There may be no positions to move to for a little while.... Read More

The Forever Tenant

16:31 PM, 3rd April 2020
About 4 days ago

No Rent For Buy To Let Landlords

Reply to the comment left by Mark Alexander at 03/04/2020 - 16:22
I never did any of those things before.

As for saving towards my own home, I would love to, however there are a couple of things making it difficult. (Mostly down to the area I live in) and that is money required beforehand.

I live in Bristol and I would likely need somewhere in the region of £40,000 as a deposit. If I managed to save that then there are no mortgage companies that would give enough of a multiplier on my salary to cover the rest.

I've come to accept that I will likely be renting for the rest of my life, hence the username.... Read More

The Forever Tenant

16:01 PM, 3rd April 2020
About 4 days ago

No Rent For Buy To Let Landlords

Speaking from a tenants view, I thankfully am on full pay at the moment and unlikely to be furloughed.

However to give myself as an example, if I was on 80% salary, I would be bringing home around £350 less each month. My expenses of going to work are roughly £80 a month. So even though I would not be travelling, I would be considerably worse off.

There are many fixed costs that don't change because I'm not travelling. There's rent, electricity, gas, water, insurances, phone, internet. If I end up on reduced salary, I will have to start burning through my savings.

As for the whole overeating thing, absolutely true. If people are stuck at home with nothing to do, they will eat more through sheer boredom.... Read More

The Forever Tenant

7:33 AM, 26th March 2020
About 2 weeks ago

Can a Declaration of Trust get round the loss of letting relief?

Reply to the comment left by Jim Littlehampton at 25/03/2020 - 20:49
As I understand it, you will pay SDRT based on either the transaction value, or the market value, whichever is higher.

It's to stop people doing exactly what you are trying to do.... Read More