Luke P

Registered with Property118.com
Tuesday 31st March 2015

Member of The Landlords Union

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 1042

Luke P

8:40 AM, 17th January 2019
About 13 hours ago

Ban on Lettings Fees to commence June 1st

Reply to the comment left by wanda wang at 16/01/2019 - 22:29
That’s precisely how it is, Wanda. I will be charging my LLs for my time and there is no guarantee a successful applicant will emerge. There is now nothing to stop a bankrupt trying their luck at several agents at the same time to see if they get lucky.

Nobody was vocal enough at the time of this proposal.... Read More

Luke P

19:43 PM, 16th January 2019
About A day ago

Ban on Lettings Fees to commence June 1st

Reply to the comment left by Monty Bodkin at 16/01/2019 - 19:38I meant monetarily speaking. You cannot make them pay anything except what I previously mentioned.... Read More

Luke P

16:46 PM, 16th January 2019
About A day ago

Ban on Lettings Fees to commence June 1st

Reply to the comment left by simon cheeseman at 16/01/2019 - 16:24It’s not allowed. No pre-conditions to a tenancy other than a week’s holding deposit (refundable upon successful tenancy, I believe), five weeks deposit and first payment of rent. Otherwise I’d make it a condition to get one of my LL mates’ references at £150 a go and I’d do the same for him.

You’ll be paying the £20, I’m afraid, as it’s a ‘prohibited payment’. Have a read…

https://publications.parliament.uk/pa/bills/lbill/2017-2019/0152/lbill_2017-20190152_en_2.htm#pb1-l1g1... Read More

Luke P

11:56 AM, 16th January 2019
About A day ago

£2.4m for government crackdown on irresposible landlords

That's about £45k per authority. It will be quickly spent on nothing of substance.... Read More

Luke P

9:36 AM, 16th January 2019
About A day ago

Ban on Lettings Fees to commence June 1st

As an agent, 20 years ago I was merely a middleman collecting rent and passing it on to landlords. Since then, there has been a helluva lot of regulatory change and most of my landlords are completely ignorant to it. The additional costs incurred over the years has been passed to the tenant in the form of an administration fee. This will now have to be directly passed to the owners. They ain't gonna like it, especially as payment for credit checks/references/my time will not necessarily translate into a successful tenancy...there's nothing now to stop down-and-out chancers 'having a go' at trying to secure a rental with no consequence or loss. My time still has to be paid for.

I hope there are some solicitors amongst my landlords who will get a very swift lesson in other peoples' time being valuable too!... Read More