Seething Landlord

Registered with Property118.com
Wednesday 15th January 2020


Latest Comments

Total Number of Property118 Comments: 39

Seething Landlord

14:48 PM, 8th July 2020
About 4 weeks ago

Summer Economic Update - Landlords Reaction

The Chancellor in his speech said that nobody buying their main residence for up to £500,000 would pay any SDLT. I understood that he was effectively increasing the nil rate band to £500,000 and that others purchasing additional properties would just pay the 3% surcharge.... Read More

Seething Landlord

14:33 PM, 8th July 2020
About 4 weeks ago

Sub-letting tenant breaching contract but refusing to leave?

Get proper advice on this. It could become a legal minefield, for instance, has the tenant created an illegal HMO or are the sub tenants actually lodgers? Apart from a possession claim using S21 and/or S8 you might also be able to commence proceedings claiming immediate payment of the outstanding rent and seek an injunction requiring him to comply with the terms of the tenancy agreement in relation to the subletting. Just suggestions to consider.... Read More

Seething Landlord

11:42 AM, 8th July 2020
About 4 weeks ago

What to make of Qs 6 and 7 on new N5B Claim form?

The date on which the tenancy started is not necessarily the same as the date on which the agreement was signed. In some situations the agreement might be signed months in advance and signing a few days or even weeks in advance is in my experience quite common.
If the ast replaced an assured tenancy there might be issues about the availability of section 21 as a means of repossession but others will know more about that than I do. Scoring through the words would indicate that there was actually a previous assured tenancy.... Read More

Seething Landlord

13:16 PM, 30th June 2020
About a month ago

Savings rates worst in a decade

I believe in my simple way that there are two main reasons for the current low interest rates, both designed to stimulate economic activity - (1) to enable Government to borrow the vast sums that they need at minimal cost and (2) to encourage us all to spend rather than save.

We all need to keep enough in reserve to provide a cushion against unexpected expenses but it seems to be an ideal time to pay down debt rather than sit on a pile of cash that is constantly eroded by inflation. When we are thrashing around looking for less than an extra 1% interest on our savings we have clearly gone mad. At the current best rate of 1.15% the total gross interest on £20,000 is a meagre £230 p.a. and in real terms after taking minimal inflation of 2.5% into account the £20,000 will only be worth £19,500 after one year.

I was reminded the other day that when I was holding a legacy in trust in the early 1990s I was easily able to achieve interest from Building Societies of around 10%, a salutary lesson that nothing is certain in the financial world. Leveraged landlords beware.... Read More

Seething Landlord

1:17 AM, 30th June 2020
About a month ago

Emergency Eviction??

Reply to the comment left by Ian Simpson at 28/06/2020 - 05:29
Changing the locks amounts to unlawful eviction and you may well find that the developments that you are awaiting result in a substantial award of damages to the tenant.... Read More