Arran Pritchard

Registered with Property118.com
Thursday 2nd October 2014


Latest Comments

Total Number of Property118 Comments: 36

Arran Pritchard

2:45 AM, 16th August 2018, About 3 years ago

Are REIT's A Viable Exit Strategy For UK Landlords?

I am in no way affiliated with Chris or Tom, and am in independent Landlord.

My companies year end coincide with the financial tax year end 5th April and I am still to contact my accountant, I see no fault here.

When taking a holiday, the last thing I want to do is to be embroiled in work items, instead I would like to take a break in order to relax.

From what I can see, the only aspect I can conclude from this, is from Tom's brief period of being out-of-contact ( maybe due to his holiday ) is that the company is in its infancy, just starting out, with 1 or few staff. Which I believe Tom has already conveyed.

am I missing something ?... Read More

Arran Pritchard

14:27 PM, 5th July 2018, About 3 years ago

Are REIT's A Viable Exit Strategy For UK Landlords?

I posted on the PT forum to alert fellow LLs to this REITS being a possible exit strategy in light of the current climate.
However there is also there a thread for the same REITS fund issue with more Q&As.
https://www.propertytribes.com/showthread.php?tid=127634817&highlight=REITS... Read More

Arran Pritchard

4:39 AM, 5th July 2018, About 3 years ago

Are REIT's A Viable Exit Strategy For UK Landlords?

Reply to the comment left by Arran Pritchard at 05/07/2018 - 03:48
Later I noticed this had already been answered.... Read More

Arran Pritchard

3:48 AM, 5th July 2018, About 3 years ago

Are REIT's A Viable Exit Strategy For UK Landlords?

Reply to the comment left by Bill Morgan at 09/06/2018 - 15:02
Bill,

To qualify for s162, I believe that "all" the business i.e. all the properties are to be incorporated.

You mention that you would sell 25% before the REIT, then I assume if the transfer to the REIT came after sale, the 75% would then be 100% of the business ?

I asked Gabelle Tax specialists if I incorporated only part of my portfolio would I qualify for s162, the reply was I needed to incorporated all the properties to qualify.

Regards
Arran.... Read More

Arran Pritchard

11:01 AM, 8th November 2014, About 7 years ago

Universal Credit / HB monies paid direct to tenants

Gross rent is made up of Nett Rent + Service Charges.

- Nett Rent is paid by HB ( Housing Benenfit )
- Service Charges are paid by IS ( Income Support Jobcentre - DWP ).

HB paid to landlord is mandatory at 8 weeks arrears. It is discretionary before 8 weeks, If the LA sees the tenant is falling into arrears before 8 weeks, normally it is in the tenants best interest, to stop arrears accruing as soon as possible. If the tenant is deliberately not handing over the Housing Benefit payments, the LA will pay it to the landlord before 8 weeks. It is upto the landlord to supply to the LA on a weekly basis the tenants rent schedule, the LA can then see conduct of the tenants account.

Service Charges - DWP will make deduction from IS at 4 weeks gross rent to cover:
- the ongoing service charge and stop arrears accruing further
- pay £3.65 to bring down the accrued rent/service charge arrears.

From what I've read of the Universal Credit, it is much the same.

Regards
Arran.... Read More