Jim Littlehampton

Registered with Property118.com
Saturday 14th December 2019

Trading Status
Sole Owner

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 6

Jim Littlehampton

20:49 PM, 25th March 2020
About A week ago

Can a Declaration of Trust get round the loss of letting relief?

Sorry but this is a gift and there is no consideration involved. There is no mortgage either. Surely SDLT will not apply ?... Read More

Jim Littlehampton

22:16 PM, 24th January 2020
About 2 months ago

Pulled out again due to onerous Ground Rent increases

I totally agree with beefy.
I have a clause in my lease
Revised Rent = £250 * Latest Index Figure/Initial Index Figure
OR
the sum of the yearly rent payable immediately before the relevant review date and £250
whatever is greater
My Ground Rent will increase every 10 years by minimum £250 depending on inflation. Even if it increases say by £350 every 10 years. I hope rents will go up by more than £350 every 10 years. My property cost 100K but get 10K in profit each year so will quickly recover the investment.
Its not ideal and may put off buyers but don't think banks should be necessarily think its high risk and decide not to lend
The problem lies with leases that just double every 10 years without any reference to inflation. The free holders also expect to maintain the value of their investments... Read More

Jim Littlehampton

17:49 PM, 16th December 2019
About 4 months ago

Block of flats next door causing flooding and subsidence?

Reply to the comment left by Neil Patterson at 16/12/2019 - 09:00
I will see if the surveyor we used a few months ago can update their report but doubt it and may have to undertake a new survey.... Read More

Jim Littlehampton

17:46 PM, 16th December 2019
About 4 months ago

Block of flats next door causing flooding and subsidence?

Reply to the comment left by Michael Bond at 16/12/2019 - 13:28
Yes that is a good idea with the pipes. We do need to do something urgently and not sure what damage has been done to the new flooring in the meantime. This will take time to resolve... Read More

Jim Littlehampton

17:42 PM, 16th December 2019
About 4 months ago

Block of flats next door causing flooding and subsidence?

Reply to the comment left by Gary Nock at 16/12/2019 - 10:31
Would the insurers being interested when the flooring has already been replaced ?

They would just claim that we should have gone to them before replacing the flooring.... Read More