Ray Davison

Registered with Property118.com
Tuesday 9th July 2013


Latest Comments

Total Number of Property118 Comments: 203

Ray Davison

14:15 PM, 18th May 2020
About 2 months ago

Correct phone line cable?

Is it just for phone or broadband too?

Generic telephone cable cannot reliably support the data speeds of modern broadband, so if you are intending to use it to route broadband from the main BT inlet, maybe to a home office so that you can used a wired connection rather than WiFi (Faster and more reliable and secure) then I would suggest running Cat 6 cable, or even Cat 7 if you really want to future proof it... Read More

Ray Davison

14:55 PM, 6th May 2020
About 2 months ago

Covid-19 Bounce Back loans for property businesses

Reply to the comment left by Will Taylor at 06/05/2020 - 14:42
Will,
All very well reasoned I think. Just one point on your expectations re legal advice. Under the eligibility criteria, the final paragraph states:

'Borrowers are advised that they should seek independent legal advice if they are in any doubt about the consequences of the loan agreement not being regulated by the Financial Services and Markets Act 2000 or the Consumer Credit Act 1974 or any other aspect of taking out a loan.'... Read More

Ray Davison

12:22 PM, 6th May 2020
About 2 months ago

Covid-19 Bounce Back loans for property businesses

Reply to the comment left by Phil Ashford at 06/05/2020 - 12:07Hi Phil,
Thanks for the response. I do understand that and you are correct, one should not read only one of the criteria and ignore the rest as that will surely get you into trouble. I wonder however if this may just be a lapse in the drafting of a hastily created policy. My reasoning is that point 1 says 'Trading OR Commercial Activity'. Therefore by definition if you are ONLY the latter then you will fail point 8 unless point 8 is a mistake in drafting. If point 8 is not a drafting mistake then point 1 must be poorly drafted as no entity that fits the 'or commercial activity' test would ever pass point 8.

Oh, and you don't need to be Ltd, tax resident in the UK is sufficient, my poor reading of that point.... Read More

Ray Davison

12:00 PM, 6th May 2020
About 2 months ago

Covid-19 Bounce Back loans for property businesses

Reply to the comment left by Phil Ashford at 06/05/2020 - 11:40Phil,
On the British Business Bank website where the eligibility criteria is given the phrase used is actually 'is engaged in trading or commercial activity in the UK and was established by 1 March 2020'. However it must also be a Ltd company. Now whilst Landlords are not generally considered as Trading (Although I understand the debate about splitting value increase and letting activity) we are surely engaged in commercial activity?... Read More

Ray Davison

11:29 AM, 8th April 2020
About 3 months ago

Coronavirus - Government intervention for Landlords and Tenants

Reply to the comment left by Chris Bradley at 08/04/2020 - 10:19
If (and it is an if) the AST has been written that rent payments are six monthly (Not monthly with the first payment being of 6 months rent) then I am pretty sure that 'The Period' of the periodic tenancy becomes six months and they would therefore be required to pay every six months. Many AST that try to do this are however not written correctly.... Read More