Laura Delow

Registered with
Wednesday 16th April 2014

Latest Comments

Total Number of Property118 Comments: 286

Laura Delow

10:06 AM, 24th June 2020
About 3 weeks ago

Guarantors for rent - worth the hassle?

I agree it is something to avoid but should you decide to not heed this advice, check with a Rent Protect provider; if the status & references of the tenant & his guarantor are acceptable for you to put in place rent guarantee/eviction cover, as long as you meet the policy conditions (always read the small print) then only take him on with this protection in place.... Read More

Laura Delow

11:12 AM, 4th June 2020
About a month ago

TMW 1year 1% existing customer BTL switch product

Sounds like a false economy to me & a marketing ploy i.e. "we're here to help landlords" but 65% loan to value max is probably due to the stress test at their variable rate at 125% (basic rate tax payer) or 145% (higher rate) & although an interest rate of 1% sounds great it's not really when you consider the exceptionally low interest rate climate is a given for at least the next 12 months, so no real deal here, but where they really get you is the 2% arrangement fee upfront (and probably interest on it if added to the loan) which a borrower will be paying again albeit may be a lower rate after 12 months if they product transfer which benefits TMW twice in just 12 months 1 day unless the borrower remortgages away. I think someone would be better off taking at least a 2 year fix of circa 1.3 - 1.6% interest rate with another lender offering a lower arr fee of circa £1500 or even a 5 year deal where the affordability assessment calc is more favourable & allows a higher LTV if needed & saves the borrower 2 lots of arr fees in-between.... Read More

Laura Delow

12:15 PM, 4th May 2020
About 2 months ago

Tenant asked to change rent payment date?

I would agree to change the pay date but if you have Rent Protect cover or ever want to take this out in future, the tenant will show as constantly paying the rent late & may (but I stress may) jeopardize this type of cover & therefore I suggest you agree with the tenant that he/she pay the 3 days in addition to their monthly rent e.g. if rent is £1000 pm due on 21st, move to 24th plus 3 days rent = £1098.63 then £1K pm thereafter on 24th (or if £98.63 is too much for the tenant in one go, then agree £32.88 extra pm for 3 months)... Read More

Laura Delow

10:41 AM, 30th April 2020
About 2 months ago

Laura Delow

17:17 PM, 27th March 2020
About 4 months ago

Covid-19 support for the self-employed

Problem is if earning over £50,000 in previous tax year or the last 3 years average exceeds this, there's no support for these S/E landlords yet their incomes are/will be down which is not reflected in previous y/e accounts.
Also unless I've misunderstood the announcement, if a LL also has self employed earned income which doesn't represent at least 50% of the overall income incl rental income, they won't get support for loss of their earned income either.
Directors taking Dividends will also get no UC support if have savings of £16K or greater.... Read More