Adam Davies

Registered with
Saturday 16th August 2014

Latest Comments

Total Number of Property118 Comments: 15

Adam Davies

22:59 PM, 27th July 2016, About 5 years ago

What are the implications of more of us becoming landlords?

I have a full time job and I also own 2 BTL's, so I guess you can say I am a 'part-time landlord'. I am not a member of any associations but always keep up to date with sites like this, property tribes, etc. I am very confident in my responsibilities as a landlord and am aware of all the new regulations coming into play.

Being self-sufficient and having an interest in whatever you do will get you very far.... Read More

Adam Davies

13:31 PM, 9th March 2016, About 6 years ago

Let to Buy breach of mortgage conditions

What Neil says is correct, and of course, is the ‘right’ advice. I would not expect anything different from someone in his position says on a public forum.

However, your own advisor seems to be coming from a more realistic standpoint, where discretion is sometimes the easier option. It is not like he is outwardly encouraging you to commit mortgage fraud (e.g. taking out a residential mortgage for a BTL), he is simply advising you to keep a few things to yourself. I wouldn’t class your advisor as ‘inexperienced’ because of this advice. My advisor for example has over 20 years experience in the mortgage industry and has suggested similar in the past.

At the end of the day, I guess it depends on how comfortable you feel with going forwards. By all means, make the complaint against your advisor and look for another mortgage, but will the alternate result be worth it? Sometimes a bit of discretion is needed. The alternative is to do everything by the book, it may take longer, cost you more money, but at least you will sleep at night! The choice is yours.... Read More

Adam Davies

14:49 PM, 8th February 2016, About 6 years ago

Will I be affected by the new stamp duty changes?

As both have said, you will not be affected, however, even if you did purchase the new property, as I understand it you will still not be affected as you are replacing your main residence.

As long as your are replacing your main residence, it doesn't matter how many BTL's you have.... Read More

Adam Davies

13:00 PM, 2nd February 2016, About 6 years ago

Tenant not paying but we are letting without consent on help to buy scheme

Totally agree with Charles, couldn't have said it better myself.

Only thing I wonder is how serious the implications would be. After all, this is not you renting out a house on a residential mortgage, this is a house you're renting which you bought on the help-to-buy scheme. May be worth digging around or calling them up anonymously just to find out the consequences, if any, or anything mentioned on early paperwork? I'm sure if they see it as a genuine, unexpected turn of events, they'll have proceeders in place that are fair and reasonable.

Quite surprised by Mark's brutal response. Our government are the abusers of this system, we can only play the cards we are dealt in the way which works for us.... Read More

Adam Davies

11:33 AM, 11th December 2015, About 6 years ago

Can letting agents sign tenancy agreements for landlords

Hi all

A question for those who sign the agreement on behalf of the landlord.

Do you sign in the space where it says 'landlord' at the end of the agreement, or do you sign a separate section maybe labelled 'agent'?... Read More