Jim S

Registered with Property118.com
Monday 5th May 2014

Trading Status
Sole Owner

Providing essential rental accommodation since

Number of rental properties owned
21 – 40

Insures properties through a broker recommended by Property118

Latest Comments

Total Number of Property118 Comments: 112

Jim S

9:41 AM, 31st October 2020
About a month ago

Mortgage Express (Rosinca Mortgages) will not allow transfer of equity?

Reply to the comment left by Chris Novice Shark Bait at 26/10/2020 - 12:01
Hello Chris,

I agree with you about the Financial Ombudsman, about 5 years ago I had a complaint in with them about my personal home mortgage where my lender was offering further advances to all existing customers except it seemed for customers whose profession was a landlord. If I had been a plumber I would have passed but because I was a landlord they refused me the further advance even though my income was way above what was required for repayment criteria. The Financial Ombudsman sided with the lender and stated that this kind of discrimination was perfectly acceptable.

In my view Mortgage Express/Rosinca Mortgages should allow a TOE after they have stress tested me, I either am a safe bet or I'm not. LTV is 60% and if they had wanted that reducing to 50% I would have obliged and paid some of the lump sum off.

It seems wrong to me that a responsible Government backed lender can be allowed to play this kind of hardball with their customers. They have not given a satisfactory reason for declining the TOE because I am more than enough security for them on my own account. I am wondering if there is something in their customer services charter that would oblige them to behave in a responsible manner and treat their customers fairly.... Read More

Jim S

9:20 AM, 31st October 2020
About a month ago

Mortgage Express (Rosinca Mortgages) will not allow transfer of equity?

Reply to the comment left by Anthony Johns at 26/10/2020 - 11:14
Hello Tony,

Thank you for your kind offer and I shall ring you later.... Read More

Jim S

10:54 AM, 19th September 2020
About 3 months ago

Ex-tenant threatening legal action over parking?

I didn't know it was possible to find out where someone lives or even owns a property from the land registry. So is it possible to find out what properties a person owns just by having their full name? I would be very interested to know the answer to that one. I would check that your deposit was registered within 30 days as it seems that this is one of his claims.... Read More

Jim S

17:37 PM, 31st May 2020
About 6 months ago

NAPIT electrical testing exceeds new regulation requirements?

So to be clear all electrical circuits are 100% fully tested with electrical test instruments and where people talk about not inspecting 100% of circuits what they actually mean is the VISUAL INSPECTION of all circuits that is by unscrewing sockets and lighting points etc to PHYSICALLY see if there is anything amiss. This is a bit like saying that you want to inspect 30% of all doors to see if they all close properly and if you found that some don't close properly then you go on to physically inspect the other 70%... Read More

Jim S

17:42 PM, 4th April 2020
About 8 months ago

Government have created chaos in the PRS

This is a link for the Martin Lewis Money Saving expert website who have produced a survey in which they are looking for information on the "forgotten sector" of the Governments financial help and support for persons/business due to the Coronavirus pandemic. https://docs.google.com/forms/d/e/1FAIpQLSfNTX1e6FUJNbAO1wlsLs0FSBmSaqVCpgCRIeAX9wBARINBRg/viewform
I think it's an avenue worth pursuing, I have emailed it to the NRLA to ask if they would email the link to all of its landlord members.
Below is my comment in the survey.
We are the forgotten sector: The Landlords Coronavirus cash flow problem.
Residential Landlords urgently need financial assistance from the Government to support them because tenants are not paying their rent due to their finances being affected by the Coronavirus.

A hugely increasing number of tenants are not paying their rent and this is causing financial hardship to landlords many of whom rely on the rental income for their personal income. The landlord has in effect, now become an unauthorized Bank lender to their tenants, when the tenants do not pay we are not allowed to evict them for the next 3 months (which will probably be extended) and we are expected to work with them on a payment plan.

The maximum interest we can charge is 3% over base. This is going to be a HUGE PROBLEM up and down the country, once the tenant gets into debt it will take them many years to get out of debt to the landlord but in the meantime how does the landlord LIVE??

Tenants are mistakenly thinking that as the Landlord can apply for a 3 month mortgage holiday, that this is FREE MONEY! They don't realize that we have to pay it back with interest and so they are thinking "Well I can have a rent payment holiday"
The landlord’s cash flow is being strangled because tenants cannot afford to pay or simply choose not to pay. Where is the financial support for landlords?... Read More