John

Registered with Property118.com
Thursday 14th May 2015

Trading Status
Sole Owner

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 27

John

18:39 PM, 11th July 2020
About 4 months ago

Tenant background checks reliable?

I let my flat via a major London Estate / Letting agent. They used Van Milbert Referencing Agency. They gave a glowing report with the recommendation that we should proceed with the tenant. We took her on. She paid for about 6 months and then got about 11 months in arrears owing over £20,000. We then did our own research on her and found out that she was out of work when she moved in, that she had been evicted from her previous flat and that her employee reference was untrue and provided by a friend.. The reference report wasnt worth the paper it was written on. The Property Ombudsman was on the side of the letting agent and said that they had used a referencing agent so did all they could have done , which is disgusting as I as a layman could see that the reference report was a scam. I am taking the letting agent to court.... Read More

John

16:02 PM, 28th February 2020
About 8 months ago

Evicted tenant with no savings but £5k pm consultancy work?

Hi Richard,
DCBL felt that they had a reasonable chance of some recovery but only by monthly payments. If the tenant agreed to pay say £500 a month it would take about 4 years to recover the £20,000 plus their fee. They say that their contract is only for 12 months so if she stopped paying after the first year it would be down to me. Also if she moved or lost her job issues would occur. My other alternative action would be to employ a Solicitor who would try to get an enforcement order for £500 to £1000 per month but he said that the same problems would occur if she stopped paying. moved or lost her job.
Regards, John... Read More

John

22:34 PM, 27th February 2020
About 8 months ago

Evicted tenant with no savings but £5k pm consultancy work?

Richard, I have spoken to DCBL and think you are slightly wrong.
They tell me that the £60 is not for admin but for the court costs of them getting legal authority to act as Bailiffs in the particular case. They say that this £60 can be added to the debt that the tenant owes. If DCBL are successful in recovering money they will take a cut and this will be added to the debt the tenant owes, so they are motivated to try hard. However if they are not successful you will have to pay them £75 + VAT for their efforts.
Regards
John... Read More

John

18:57 PM, 27th February 2020
About 8 months ago

Evicted tenant with no savings but £5k pm consultancy work?

Hi Clint,
As I understand it the £66 is to go to Court so the Bailiffs ( DCBL in this case) have legal authority to act on the case. Their fee will be added to the debt the debtor owes. If they are unsuccessful I believe that there will be a £75 plus VAT additional fee..
Regards
Juhn.... Read More

John

21:05 PM, 26th February 2020
About 8 months ago

Evicted tenant with no savings but £5k pm consultancy work?

Thanks Andrew,
I am weighing up the various options and I see no hurry as I understand I have 6 years to claim the debt and each time period that passes means that the tenant has had more time to have made savings and secured a full time PAYE job.
My concern is that a debt agency can possess goods of value but she hasnt any car or goods of value. My only hope at this stage is that she will make monthly payments from her earnings , but can a Debt Collection Agency enforce that or must I go back to court?
Regards,
John... Read More