Yvonne B.

Registered with Property118.com
Monday 10th June 2013

Latest Comments

Total Number of Property118 Comments: 33

Yvonne B.

12:07 PM, 30th January 2017, About 5 years ago

Is there a housing crisis?

None of this is about people or houses - it's about getting more TAX.

The landlords who can't afford to continue will sell and pay Capital Gains TAX.
Those that switch to LTD company will pay Capital Gains TAX.
House prices will start to drop as more housing comes on the market.
At the same time rents will rise due to a massive shortage of rentals. More TAX from higher yields
Those who can will buy as it will be cheaper than renting. More Stamp Duty TAX
Company landlords will snap up cheaper housing - 3% Stamp Duty TAX

Lots of house movement = Lots of TAX for the government - it's a WIn WIn for them.
They don't care about the landlords or the tenants, that's irrelevant, Clause 24 won't be overturned - it's just a way to get the market moving and earn more TAX.... Read More

Yvonne B.

9:56 AM, 7th September 2016, About 5 years ago

Home Ownership Is Completely Overrated

Hi Mark,

Your absolutely right, I never thought of this - thank you for enlightening us on a new way forward. I'm now seriously considering selling my house, I've been here 14 years and although I like it, I don't think I'm emotionally tied to it, I think people get set in their ways and are frightened of change.
Obviously there are no risks if you stay put in a house you have lived in a long time, there is always a risk the next house/area you live in may not be as good, or you might not settle - but sometimes a change is as good as a rest and I think I'm at that point now.
This is not the house I want to stay in forever so if I sell now and rent, then I can pick and choose when & where I go after that - I like the thought of that freedom for a while. I can choose to stay in the UK or go abroad whenever I feel like it.
And yes, the equity will be easily put to good use - thank you for inspiring us to start a new life!... Read More

Yvonne B.

9:43 AM, 7th September 2016, About 5 years ago

Enough is Enough!

Reply to the comment left by "Dr Rosalind Beck ." at "07/09/2016 - 08:17":

The charities always say they provide a service and help find them housing, but that is exactly what we do but without the funding.
Only yesterday I managed to finalise all the paperwork for a Syrian refugee family who I provided a beautiful part furnished house 3 months ago. I have applied for their housing benefit, child benefit, tax credits, schools, free school meals, etc etc - as well as getting them settled in the house and supplying the remaining furniture they needed. I had received 3 days notice they were coming, if they had gone to the council they would still be in B&B and accessing lots of services at a much higher cost. I have translators working for me so no need to keep contacting language line.
If I can do it as a small letting agent & landlord then why can't the council or the big charities - I suppose it's because I care about people - it's not just about the money - and I don't make my money or my job viable by keeping them homeless.
The last thing the councils and charities want is to NOT have a homeless problem as they both get lots of government funding the more homeless they have. If private rental property is reduced by clause 24 - the councils will be rubbing their hands at the prospect of more funding for dealing with the inevitable extra homeless. Councils and charities should focus on serving the people they are supposed to be serving and not be PROFIT focused to the detriment of those unfortunate people who find themselves homeless.
If clause 24 & landlord bashing is not revoked we will be left with no option but to register as a charity and provide homeless hostels or B&B - this is not what people want, nobody wants a temporary home, but if providing permanent rental property is considered to be so undesirable by the government then we will all have to go with the flow as there will certainly be a massive rise in homelessness as people are unable to secure housing.... Read More

Yvonne B.

1:42 AM, 7th September 2016, About 5 years ago

Enough is Enough!

I have definitely had ENOUGH!

Do you know the 'CHARITIES' that house the homeless in hostels get Housing Benefit - at a much HIGHER RATE than you would ever believe?

I get less than £50 a week for shared accommodation rate & under 35 year olds -
The 'CHARITIES' in my area charge the government upto £400 per week for shared accommodation!
I do have proof - it is normal practice and been going on for years.

I think we should all register as CHARITIES because we are much more charitable and we cost the government much less, we also provide permanent housing. The CHARITIES only get the funding for a limited time, usually around 4 months - then they throw out that person and put in another homeless person to continue to get the money - I DON'T CALL THAT CHARITY - IT'S CRIMINAL.... Read More

Yvonne B.

1:01 AM, 15th July 2015, About 6 years ago

Trapped in negative equity

Hi John,

It is unclear whether you are living in this flat or renting it currently?

However, don't be too disheartened yet.
I know landlords who have successfully renegotiated an extension on their mortgages while in considerable negative equity as they had a viable business plan and rental income coming in from all properties.
The banks don't want to lose money either so it's not in their interest to repossess and lose so much.
If you explain your position to them and see what they say first, they may just extend the mortgage on the same terms as I've seen done before.
If you need to put in a proposal then work out what you can afford eg;
If they can offer to extend the mortgage for a further 10 years and you pay an extra £500 per month repayment, that would pay off £60k of the debt over the term and hopefully the value of all your property will rise over the next 10 years and you will be much closer to where you need to be.
It all depends on how your portfolio is doing and how much you can pay. Be aware that interest rates will rise and don't overstretch yourself with repayments. Show them you are being realistic and don't sign up to something you can't afford.

Good Luck
Yvonne... Read More