Smithy @hotmail

Registered with Property118.com
Sunday 20th July 2014


Latest Comments

Total Number of Property118 Comments: 25

Smithy @hotmail

17:35 PM, 15th October 2018
About a month ago

Council tax under compulsory purchase order?

" An uninhabitable property requiring or undergoing major repairs or structural alterations."
I have had 100% Council Tax exemption for one year for two of my properties when they required considerable work to make them habitable/lettable.
Could that apply to your property?... Read More

Smithy @hotmail

9:53 AM, 13th October 2018
About a month ago

Straw Poll to combat further government attacks - Please help

1. 50%
2. 4 of 8
3. 0
4. 0
My longest tenancy is a lady of 75 who has been with me since 1994. She used to work p/t as a cleaner and has always been on HB. She came to me with two young grandchildren (cousins) who she brought up with no help from their parents. She is now a p/t carer for three great grandchildren. (I could write a book about that family.)
Out of 8 tenancies, 7 get HB - variously not working or working part time. The one remaining tenancy with both working (with a child and one on the way) - she is in regular work but he is in and out of work. I think they might like to buy but do not have any savings and would probably not be able to get or afford a mortgage.... Read More

Smithy @hotmail

18:50 PM, 6th October 2018
About a month ago

Smithy @hotmail

6:21 AM, 4th June 2018
About 5 months ago

Property insurance - Change of tenant circumstance?

Why does the risk change when my tenant becomes unemployed? Through absolutely no fault of his own.
(Buildings insurance not rent protection.)... Read More

Smithy @hotmail

2:27 AM, 3rd June 2018
About 5 months ago

Property insurance - Change of tenant circumstance?

When you notify a change of tenant-type, there is a charge. So when my excellent tenant lost his job (manager at Toys-r-Us), not only did he become unemployed - so higher premium - but there would also be a charge for amending the policy. This is buildings insurance - not rent protection. The risk to the property itself did not change.

In the example quoted in the original post, the tenant became retired. I cannot see why that would make the risk to the property any greater than it was a year ago when he/she was under retirement age. I would have thought that older people are generally more careful - so the price should go down!... Read More