Mark Weedon

Registered with Property118.com
Tuesday 8th April 2014


Latest Comments

Total Number of Property118 Comments: 32

Mark Weedon

9:54 AM, 11th May 2021, About 5 months ago

Can I claim for damages from my Letting Agency?

I would clarify the terms of your policy. I very much doubt it excludes malicious damage. It may exclude malicious damage by the tenant or limit the payment.
Ask your broker to show you where in the policy oit excludes cover.... Read More

Mark Weedon

9:49 AM, 11th May 2021, About 5 months ago

How liable would we be in the case of a fire?

Your buildings insurance would normally include property owners liability cover which will provide some cover.
It really depends on what exactly you are trying to cover. No insurance policy can provide cover for criminal fines but you can insure for the legal fees in defending any prosecutions by for example HSE.
Yoiu should speak to your insurance broker for further advice.... Read More

Mark Weedon

10:49 AM, 15th April 2021, About 5 months ago

Tenant charged with Arson?

Dependent on the fire damage it is likely the repairs will take 6 months plus in which time if you are insured correctly then the insurers will pay the loss of rent so it will only be the court fees you will need to pay. I would expect in view of the circumstances you would qualify for the accelerated court process.
Good luck.... Read More

Mark Weedon

20:48 PM, 25th February 2021, About 7 months ago

Property Purchase in High Flood Risk Area?

There is always a solution that a good insurance broker will find.

With my property owners hat on I would agree. Do you want to buy a problem?... Read More

Mark Weedon

12:46 PM, 20th January 2021, About 8 months ago

Deciding the way forward for my exit?

Why sell any. What profit do you make now? Compare that to what you will make from three flats. With three flats you are more exposed to one void or one non paying tenant than with 10.
You will probably incur a CGT liability when you sell.... Read More