Freda Blogs

Registered with Property118.com
Wednesday 10th July 2013


Latest Comments

Total Number of Property118 Comments: 195

Freda Blogs

18:39 PM, 2nd April 2020
About A week ago

No Rent For Buy To Let Landlords

Reply to the comment left by JonC at 02/04/2020 - 18:26Have you seen the govt guidance? It sets out very clearly about contractual liabilities -
https://www.gov.uk/government/publications/covid-19-and-renting-guidance-for-landlords-tenants-and-local-authorities
We are using this as our basis for considering rent concessions. Some tenants will warrant greater consideration than others who can still afford the rent (perhaps with guarantors' help).
Also, feedback from others on other threads on this site have said that lenders are not behaving equally as to the mortgage deferment and some are asking for evidence, which we in turn will be seeking from tenants (students and young professionals) to help us make the judgement as to who we can/cannot help, because we still have a lot of liabilities that we have to meet.... Read More

Freda Blogs

11:03 AM, 2nd April 2020
About A week ago

Government have created chaos in the PRS

Reply to the comment left by nickh215 at 02/04/2020 - 10:53
Sorry Nick, I don't believe landlords do qualify for the self-employed grant. The advice I have seen says that we are classified as 'investors' so don't count. Ironically, we are neither employed nor self employed.
Just disadvantaged and taking the squeeze from all directions.
Would love to hear if anyone knows different...... Read More

Freda Blogs

10:18 AM, 28th March 2020
About 2 weeks ago

Covid-19 - Which BTL Lenders Are Playing Ball?

Reply to the comment left by Jon Williams at 28/03/2020 - 10:10
Seriously? We are the ones having to pay council tax and all the utilities (which will rise as tenants work from home) and we won’t be able to relet any vacant rooms...... Read More

Freda Blogs

8:55 AM, 28th March 2020
About 2 weeks ago

Coronavirus - Government advice on home moving

Reply to the comment left by SPC at 27/03/2020 - 11:03
I may be wrong, but I think the relevant date is exchange of contracts rather than completion.
You could offer a delayed completion, and, if the tax relief is a significant sum, perhaps an additional incentive by way of a reduction on the purchase price?... Read More

Freda Blogs

8:50 AM, 28th March 2020
About 2 weeks ago

Which Landlords are classed as self-employed for Coronavirus help?

Reply to the comment left by suzy149 at 27/03/2020 - 18:50Not sure that’s correct....
Directors of limited companies who take the majority of their income through dividends are not covered by the provisions for self-employed and employed individuals.
This is such an irony and a double blow, as so many landlords incorporated because of the draconian tax measures (S24) introduced by the government.
There is a petition to bring this to government attention:
https://www.change.org/p/uk-parliament-limited-companies-to-receive-the-same-as-self-employed-and-employees-during-coronavirus?recruiter=79135679&utm_source=share_petition&utm_medium=facebook&utm_campaign=psf_combo_share_initial&utm_term=psf_combo_share_message&recruited_by_id=505c9495-3107-4722-beea-b275058df674&utm_content=fht-21137721-en-gb%3Av12... Read More