Terry

Registered with Property118.com
Friday 16th January 2015


Latest Comments

Total Number of Property118 Comments: 18

Terry

9:57 AM, 7th June 2020, About A year ago

3-month eviction ban extension and their fantasy world

There just has to be another agender behind a blanket ban on evictions. It had to be blatantly obvious that all the evictions that were already in the court system would have nothing to do with Covid-19. I've been fortunate over the last twelve years with my rentals and only ever had very minor problems with a couple of tenants. One of my tenants gave notice and moved out at the end of February. I've not re-let the property and another tenant has given notice and will move out at the end of June. These two properties are being sold and my other two will be as soon as I can. I've had enough. The risk to reward ratio is way to high now to make renting worth while, and I feel it will get worse.
To hear Robert Jenrick mention he would turn to the private rented sector (and others) to help end homelessness was just unbelievable!! What planet is that man on?... Read More

Terry

9:01 AM, 1st June 2020, About A year ago

6000 new supported homes to help end rough sleeping

Well, help for the homeless! I could not believe my ears when listening to Robert Jenrick on Sunday when he mentioned using the private rental sector to assist with the housing of those that are unfortunately homeless and in need. I had to go back and listen again twice! to make sure I had heard him correctly. Beggars (no pun intended) belief. Perhaps we have all misinterpreted section 24 and it is really warm and cosy legislation we should be embracing!... Read More

Terry

14:23 PM, 10th May 2020, About A year ago

Covid-19 Bounce Back loans for property businesses

Hi John
Sorry. I used you in the wrong context. I meant those that had in their replies. Not sure why Will has either.
Regards
Terry... Read More

Terry

13:01 PM, 10th May 2020, About A year ago

Covid-19 Bounce Back loans for property businesses

I'm at a loss as to why you keep referring to 50% of income for the BBBL! The application is 7-9 questions. The qualifying criteria is that you are a limited company trading as at November 2019, you can prove your turn over of which you are eligible for up to a limit of 25% for the loan, you have been impacted by the Covid-19 pandemic. Of course they want your business details, it is a business bounce back loan! The government don't recognise individuals (non limited companies) as a business, so you don't qualify. Anyone can setup a limited company to benefit in several ways, run your rental business through that company. You don't have to transfer your properties or any other assets into the limited company, it can simply be a trading vehicle.... Read More

Terry

7:07 AM, 19th November 2018, About 3 years ago

Deposit/Bond - Paper Guarantees?

Nice idea. Unfortunately the extra rent would mean additional gross profit. A tax liability payable by the landlord!... Read More