Peter Johnson

Registered with Property118.com
Wednesday 2nd July 2014


Latest Comments

Total Number of Property118 Comments: 45

Peter Johnson

11:02 AM, 30th August 2016
About 3 years ago

Insurance included in flat service charge - will it cover letting?

HI,

Within my service charge on my flat includes building insurance and comprehensive buy to let insurance at no additional charge. My flat is an EX LA property in London.... Read More

Peter Johnson

14:48 PM, 8th June 2016
About 3 years ago

Unfavourable mortgage terms and conditions

Reply to the comment left by "Mark Alexander" at "08/06/2016 - 01:15":

I think my case is a little different, my loan offer does not mention any of the points I don't like however the conditions booklet does......where does that leave me?

In the conditions booklet it clearly states that they can pull the loan in whenever they like and do not have to give a justified reason. Why on earth would any potential borrower go for a clause like that ?

I realise there are many out here that think property prices will only always rise but what if we see a slow down, a clause like this means I can not deploy the money taken out because they may call the loan in at any point? I'd be a sitting duck with a clause like that wouldnt I?

Kind regards... Read More

Peter Johnson

0:34 AM, 8th June 2016
About 3 years ago

Unfavourable mortgage terms and conditions

Reply to the comment left by "Mark Alexander" at "07/06/2016 - 11:45":

The conditions are in the general conditions booklet and not in the Offer of loan.

Yes there is an inconsistency clause and it says that "if there is any inconsistency between these conditions and the Offer, the terms of the Offer will apply"

The loan Offer directs me to the general conditions booklet but not specifically to the clauses I am worried about.

I have always followed your advice in that I would like to take the money out of the property so that if and when prices fall I can use that cash to buy up cheaper properties but the clauses in the mortgage conditions booklet could stop me doing that.

I would really appreciate your imput.

Many thanks... Read More

Peter Johnson

14:35 PM, 7th April 2016
About 3 years ago

I Am A Property Developer - Ask Me Anything!

Ok Tony, fair enough. Many thanks.... Read More

Peter Johnson

18:42 PM, 29th March 2016
About 3 years ago

I Am A Property Developer - Ask Me Anything!

Reply to the comment left by "Tony Atkins" at "24/03/2016 - 15:29":

Hi Tony,

I see your point, without much more detail/photos it will be hard for you to give me advice. Not sure if this helps and I suspect it wont but the maisonette is a semi detached property and my sole entrance being to the side and not the front as the other maisonete below enters from the front of the property. My kitchen is very small and at the rear of the kitchen has steps to go downstairs and out into my section of the garden and then out to the side of the property where my front door entrance is, (the semi detached part). This side entrance is for my sole use as are the stairs and part into the garden. So what I plan to do is to leave the staircase in and just have the extended kitchen floor at the top part of the staircase entrance so hence obviously leaving the staircase defunct as it would not allow you to enter the kitchen as that now would be kitchen floor space. And obviously now the kitchen would not allow you to enter the staircase as the kitchen has been extended into the area of the entrance to the staircase. So basically if you tried to enter the kitchen from the garden you would walk up the staircase to find a celing and that is it, the ceiling being the extended part of the kitchen floor space above. So now rather than having two entrances/exits into the property, I would just have one from my main sole entrance from the semi detached section. If you can guide a little it would be great but if your advice still stands as you desribed I understand and appreciate your help with this.

Many thanks... Read More