Colin Dartnell

Registered with Property118.com
Wednesday 21st May 2014


Latest Comments

Total Number of Property118 Comments: 214

Colin Dartnell

11:17 AM, 29th September 2019
About 3 weeks ago

Should I sell or risk tenants buying at undervalue price?

Reply to the comment left by Jessie Jones at 28/09/2019 - 09:39
I cannot agree with your train of thought, the majority of people buying property are not landlords nowadays and will look at the overall values in an area not how much it can be rented for, so it won't increase values. Landlords are not known for paying more than they have to, and will look at the possible income and then go and buy one down the street for less money. Again keeping values down.

High rents won't stop tenants buying as they will probably get help to buy or 100% first time buyers mortgages. So won't need a deposit.... Read More

Colin Dartnell

22:34 PM, 12th August 2019
About 2 months ago

Johnson considers Stamp Duty switch from buyer to seller

Reply to the comment left by Peter G at 12/08/2019 - 20:44
I wouldn't hold your breathe on that. If Boris stays in power all the money he keeps throwing around will have to be found. Landlords won't get a look in.... Read More

Colin Dartnell

19:11 PM, 7th August 2019
About 3 months ago

Should I sell or take a Lifetime BTL mortgage ?

Reply to the comment left by Queen Victoria at 06/08/2019 - 19:26
Property can be hands off if you get a good agent, so I wouldn't write it off completely.... Read More

Colin Dartnell

19:34 PM, 3rd August 2019
About 3 months ago

Should I sell or take a Lifetime BTL mortgage ?

Without knowing your details, how much CGT you will have to pay, value of property near to your home, rental income in your area? I would sell the house. If it adds up you could possibly have enough to buy three or four houses closer to home, have a lump sum in the bank, and no mortgage. Let Letting Supermarket manage them.
If you have a void in your one house there is no income, by spreading the fund over several properties, there would still be an income as it is unlikely all of them would be empty at the same time.. Eggs and baskets.... Read More

Colin Dartnell

22:34 PM, 22nd July 2019
About 3 months ago

Johnson considers Stamp Duty switch from buyer to seller

Reply to the comment left by Jon D at 22/07/2019 - 20:411-3%? Any house over 250k is 5%.
Where is the windfall? Buy a house ten years ago for 500k plus 25k stamp duty, replace any of the following, heating, windows, new kitchen, bathrooms, and general maintenance could easily swallow up another 25k over the ten years. Sell it now for £550k.
50k windfall from sale minus 25k SDLT on purchase, minus 25k maintaining house. Windfall = £0.00

Oh and then if you peg it your NoK could pay IT of 40% on the 50k so called windfall. Your are in a loss.... Read More