paul johnson

Registered with Property118.com
Tuesday 13th May 2014


Latest Comments

Total Number of Property118 Comments: 51

paul johnson

11:24 AM, 15th March 2016, About 5 years ago

Tenants and Housing Benefit and the lender

Reply to the comment left by "Ollie Smith" at "15/03/2016 - 10:39":

I don't want to get into conspiracy theories but seems straightforward to me that the government could make it illegal for mortgage and insurance companies to discriminate on the basis of income which also includes housing benefits... Read More

paul johnson

21:24 PM, 10th March 2016, About 5 years ago

Tenants and Housing Benefit and the lender

Reply to the comment left by "Lise Willcox" at "10/03/2016 - 20:34":

Thanks Lise I'm a bit of a veteran at this and I always end up going back to the same insurer I use simply business and they use uk general. I was just venting a bit.
It was the utility report this morning that set me off, and I tied it in with my insurance.
it's simple to me. Don't charge the poorest the most for the same product.
Sorry getting a bolshie in my old age your supposed to be more concervative... Read More

paul johnson

19:24 PM, 10th March 2016, About 5 years ago

Tenants and Housing Benefit and the lender

Reply to the comment left by "Mandy Thomson" at "10/03/2016 - 19:20":

I know from making a couple of fairly big claims over the years, fire and flood, that loss adjusters are hired by insurance company and part of their job is to find loopholes just like that... Read More

paul johnson

18:06 PM, 10th March 2016, About 5 years ago

Tenants and Housing Benefit and the lender

I agree with Lise you sound like a good Landlord and very reasonable.
In my case I'm dealing with many low to lower middle rental property. I can not have a housefire and not be insured it would ruin me financially and possibly God forbid in other ways.therefore I have to pay a premium for all my properties to be insured for HB.This cost will be passed on to some degree to the customer and it pisses me off that as with utilities (prepaid meters) credit card and finance rates, the poorest have to pay more for the same goods as the more affluent.
I think this is a simple solvable problem. Insurance companies should not be able to charge for home insurance based on your income... Read More

paul johnson

15:51 PM, 10th March 2016, About 5 years ago

Tenants and Housing Benefit and the lender

Reply to the comment left by "Mandy Thomson" at "10/03/2016 - 15:42":

I agree Lenders don't really want to know they just want paying and I wouldn't worry about them. The only time the lenders would be concerned is if they thought it wasn't insured.
But the issue with insurers is different. I've decided to take out policies to protect my properties wether tenants their HB or not.
My portfolio is towards the cheaper end of the market and it's too difficult to check everyone every month.

I think it's also wrong that once again large companies in this case insurers penalising the less well off. Someone has to pay the premiums and it'll be the tenant in the end. We just heard this morning about utilities companies charging more for pre payment meters, another way of ripping off the less well off.... Read More