bob young

Registered with Property118.com
Thursday 30th April 2015


Latest Comments

Total Number of Property118 Comments: 14

bob young

10:08 AM, 11th August 2019
About A year ago

Should I sell or take a Lifetime BTL mortgage ?

In response to Mark Alexander, others have already expressed disquiet with the equity release model on this website. The Anonymous Retiree asked what others might do in her situation and as I am in a slightly similar position I said what I was doing currently.... Read More

bob young

14:46 PM, 10th August 2019
About A year ago

Should I sell or take a Lifetime BTL mortgage ?

I am in a slightly similar position to this lady and I would suggest she waits for the London market to pick up and sell immediately. Boris Johnson wants to be a long term prime minister and I think the new government will see sense and reduce stamp duty especially for those of us with property in London. They may even reform CGT given that it has become even more draconian since all index linking was removed. My London house is in the same price bracket as this lady's and although I had rented it out while living abroad I have not rented it out since the last tenants moved out last August as they left it in a very saleable condition. I have appropriate non-occupied insurance cover and comply with the special conditions attach to the letter. Having checked the article on the lifetime mortgage mentioned I would stay well clear of that. It seems to be a variant of equity release which should be avoided at all costs. .... Read More

bob young

10:19 AM, 5th June 2019
About A year ago

AST's signed on line - how do you make that work?

I don't like the idea of digital signing because I like my tenants to read a draft agreement well in advance and raise queries if necessary. People tend to sign digital agreements without reading them and so if at a later date they want to get out of a tenancy they could argue they hadn't noticed something they regard as unfavourable to them. Afterall, judges always give tenants the benefit of doubt.
I might add that I live abroad about 8000 mile from the UK so I favour signed paper agreements that are scanned and emailed.... Read More

bob young

9:17 AM, 30th May 2019
About A year ago

Ex-evicted bad'un has the gall to ask for a positive reference?

Reply to the comment left by LordOf TheManor at 30/05/2019 - 08:28
You are under no obligation to provide a reference. This sort of tenant will make life a misery for any future landlord they rent from so surely it's better a housing association takes on the risk.... Read More

bob young

8:51 AM, 14th March 2019
About 2 years ago

Number of empty homes is actually increasing!

My 2 London properties are empty as I am tired of the endless regulations being imposed by the government and also the quality of applicants for tenancies. I had one on the market in the autumn and if the estate genct had been more professional, a deal for a reasonably good price woud have been struck. I'm now waiting for Spring weather and a bit of certainty over Brexit and I will remarket and put the second on the market too. Of course, I failed to mention I'm worried about Sadiq Khan getting a second term as London Mayor in view of his policy platform apparently to be rent control in London.... Read More