Ian Narbeth

Registered with Property118.com
Monday 8th July 2013

Latest Comments

Total Number of Property118 Comments: 1214

Ian Narbeth

12:36 PM, 16th July 2021, About 2 weeks ago

Rogue Agent offering guaranteed rent exposed on - Evicted! Nightmare Tenants

When a company capitalised at £100 at most offers to "guarantee" to pay you £1000+ per month for five years the guarantee might as well be written on a used Kleenex. Unless you get a personal guarantee from a person of substance, forget it. Landlords should also be aware that if the R2R merchant does not run the HMO properly the tenants and the Council may pursue the landlord, e.g. for Rent Repayment Orders.

Only proceed with a R2R company if you (a) you want to help a stranger get rich (b) don't mind making no income and paying for the experience and (c) don't mind having your property damaged and being left with a claim against an insolvent company.... Read More

Ian Narbeth

11:52 AM, 15th July 2021, About 2 weeks ago

Agency finding secure homes for families in temporary accommodation?

Costa, that £42 a month premium (or even an extra £71, counting the £1700) is not sufficient for the risk you will run. You are allowing a third party(the Council) to choose your tenants. If the tenants they select default you will be out of pocket.

By definition the tenants will almost certainly be men of straw and not worth suing. I would want a substantially higher premium for taking on this risk.

Think how foolish you will feel if the tenants stop paying rent after a few months, trash the place and it takes ages to evict them. If COVID gets bad we could see further moratoriums on eviction.

My advice, don't touch this deal with a ten foot pole.... Read More

Ian Narbeth

11:11 AM, 15th July 2021, About 2 weeks ago

Can I insist on Shower rather than a bath?

Reply to the comment left by Chris Bradley at 15/07/2021 - 10:44
I disagree. In our HMOs we take out the baths. Although they often have a cheapo shower attachment, the baths are not built to take an adult standing and showering for a long time. We inevitably find that we get leaks.If you take out a bath you can replace it with a 1200 x 700mm shower which is bigger than most en suite showers. Tenants love them.... Read More

Ian Narbeth

11:08 AM, 15th July 2021, About 2 weeks ago

Can I insist on Shower rather than a bath?

Having just taken out a bath and put in a large shower in a property, it is not a big job. However, you want to have the shower raised (to allow access to plumbing). You will need more tiling and more floor vinyl if the shower covers a smaller area than the bath.
If you expect the developer to do it for nothing, forget it. Do not start citing accessibility, disability etc. It will just annoy people. It is perfectly legal to sell a house without a shower! If it doesn't suit you, that is not the developer's problem.
Whether the developer will oblige depends on time and money. Will the change delay completion and how much extra will it cost? If your work will delay completion the developer is likely to refuse unless you pay extra. Offer a reasonable amount of additional money to cover the cost of the extra work. Don't expect to get much allowance for any saving in not supplying a bath,... Read More

Ian Narbeth

10:20 AM, 14th July 2021, About 2 weeks ago

The Building Safety Bill - Rights, Powers and Protections for Residents

Reply to the comment left by DALE ROBERTS at 13/07/2021 - 17:32Dale, that's all well and good and sounds fine but life isn't fair. There are any number of cases where we could say: "No innocent [DESCRIBE THEM] should be liable for [SOME ILL THAT BEFALLS THEM]" but unless the Government is willing (a) to get ripped off by some of the same people who may be found to have caused the cladding problems and (b) to write out a massive blank cheque, this problem does not look like it will be fixed without cost to leaseholders.
The article we are commenting on is about Jenrick's hare-brained scheme to encourage impecunious leaseholders to risk everything on speculative litigation.
How long will a full Competition and Market Authority inquiry take to hear evidence and report? How long after that before its recommendations are implemented? All the while the cladding is not getting fixed. I am happy to hear a better idea than mine but I don't think a public inquiry is it.... Read More