TrevL

Registered with Property118.com
Saturday 26th September 2020


Latest Comments

Total Number of Property118 Comments: 40

TrevL

10:04 AM, 26th October 2020
About 4 days ago

TrevL

16:05 PM, 25th October 2020
About 5 days ago

Landlords and tenants should make contingency plans together for winter

Reply to the comment left by Jon D at 25/10/2020 - 13:20
Swing and roundabouts isn't it, I know quite a number of Landlords, myself included, who have made plenty of money from letting, for many years, there has always been the risk that social values and politics move against that.

I've never forgotten that, particularly with my tenants who have wanted to be OO's , I am in effect arbitraging a significant portion of they're salary by holding (so would say hoarding) a limited commodity.

I would not want to be a new entrant to letting now, the margins surely do not reflect the risk associated with a dip in the economy and the anti-landlord politics that have been slowly emerging.... Read More

TrevL

15:30 PM, 24th October 2020
About 6 days ago

Landlords and tenants should make contingency plans together for winter

Reply to the comment left by russell branch at 23/10/2020 - 18:56
I am no fan of this government but it's COVID19 that has caused much of the strife you are referring to.

The simple fact is the economy can no longer support many heavily leaveraged businesses, at least in the short and medium term. And leaveraged landlords are gonna come way down the list for 'help', hell poor kids aren't getting free meals over the winter holidays.

Selling your rentals is probably sensible, particularly if mortgaged, you may even make a profit.

And although I don't know your position, at least be thankful you have a roof over your head....many don't/won't.... Read More

TrevL

12:13 PM, 23rd October 2020
About A week ago

Continued support for struggling borrowers

Translated....please kick the can down the road instead of dealing with the problem.

Much like the non-payment of rent. Ignor the problem I'm sure it will go away.... Read More

TrevL

16:40 PM, 21st October 2020
About A week ago

Absent freeholder since purchase in 2011 suddenly appears?

All depends on what the lease contract says.

If you don't have one you may be in for a legal fight, but then he may just be threatening to see if you fold. The fact you pay no ground rent and service charge is a worry as well, did your solicitor not advise you of the implications of this? Or did you buy at Auction?

Its always possible to find who a freeholder is from the land registry extract, its £3 for title and £3 for plan....you can also get your own lease titles, and these should define the legal convernants and easements as long as the titles were filed, which they legally had to be from around 1989 onwards.... Read More