Phil Ashford

Registered with Property118.com
Tuesday 9th July 2013


Latest Comments

Total Number of Property118 Comments: 31

Phil Ashford

21:57 PM, 6th December 2018
About 3 days ago

Agent bites back at Westminster for 5 week deposit cap

Reply to the comment left by Bill O'Dell at 06/12/2018 - 14:04
You and Michael Barnes make an assumption that there are fees involved with creating a renewal Tenancy?

There’s plainly obvious reasons why a Fixed Term Contract is more preferable than a rolling. Lots of agents have no fees for a renewal.

Taking a poll of my landlords, the majority prefer not to be on a Periodic Tenancy - and let’s be clear, no one should ever be on a Statutory Periodic Tenancy, only Contractual Periodic Tenancies.

Assuming that someone must be ‘on the make’ perhaps hinders you from concluding appropriately. Intriguingly, I tested my openness and looked at the Agent’s fee structures as they correctly list their fees on their website as they should. They do not charge their landlord’s for a renewal fee - only when finding a new tenant.

Eradicating your fear of what this Agent is doing by fixing Tenancies each time, might draw you to the more reasonable conclusion that they are in fact trying to lock in and protect the interests of their landlords by giving some certainty on future cash flows.

No doubt, like us, they’ll be following up with their tenants at month 4 to check on their intentions and seek further clarity of future cash flows.

Rather than assuming that something is awry, consider that someone may have a different strategy that you as yet do not understand or at best, agree with.... Read More

Phil Ashford

20:25 PM, 7th September 2015
About 3 years ago

Summer Budget 2015 - Landlords Reactions

Barry White makes some very relevant points that if thoughtfully discussed, strengthen ones understanding of ones own argument.

Barry, for the avoidance of doubt, your comments are very welcome and provide useful prompts for people to consider.... Read More

Phil Ashford

14:42 PM, 5th September 2015
About 3 years ago

Summer Budget 2015 - Landlords Reactions

Reply to the comment left by "Charmaine ******" at "05/09/2015 - 14:36":

It probably affects middle earners proportionately more, looking at their whole effective tax rate rise, as per this graph I prepared. Maybe send across that graph, it's a picture file so you can copy and paste.

http://www.comfortlettings.co.uk/files/images/Effective%20Tax%20Rate.png

Which is part of the blog that was linked earlier:

http://www.comfortlettings.co.uk/blog/2015/08/29/budget-2015-buy-to-let-mortgage-interest-tax-consequences... Read More

Phil Ashford

18:54 PM, 3rd September 2015
About 3 years ago

Summer Budget 2015 - Landlords Reactions

Reply to the comment left by "Appalled Landlord" at "03/09/2015 - 17:17":

Thank you.

I've passed on your message to the website owner.... Read More

Phil Ashford

17:25 PM, 2nd September 2015
About 3 years ago

Summer Budget 2015 - Landlords Reactions

Reply to the comment left by "Mark Alexander" at "02/09/2015 - 16:26":

I would be careful with advice per se. I would outline the factual circumstances and apply some 'what if' type analysis to their situation. I would then present that back. I might go so far as to say, "if this was my situation then I might strongly consider x".

In terms of estate agency, we focus on independent Lettings and investment opportunities in that arena in our local market.... Read More