user_808

Registered with Property118.com
Thursday 11th July 2013


Latest Comments

Total Number of Property118 Comments: 182

sam

9:41 AM, 16th April 2019
About a month ago

Tenant Fees Act 2019 – Draconian legislation

Brilliant n scary article.
This is the policy response of a government who can’t cope with its failure to provide housing for the masses. It is but a short term solution to deflect n to distract from their own failure. However, when policy makers go down a certain track, it will keep going in that direction until forced to change course which is unlikely to b any time soon - I thought this when Osbourne started LL bashing. It will only get worse whatever we do. It will likely get to a point where the PRS is totally dysfunctional n policy makers hv to reverse course bcos they end up holding the babies when PRS is decimated n they run out of scapegoats.
I see this as a natural course of government policy making and a natural consequence of treating the symptom instead of the source of the problem aka short term fix.
It will accelerate the exodus of LLs fr the PRS - more so the small LLs simply bcos they don’t hv the resources to cope with all these new legislations nor the pain that a single rouge tenant can do to his life : more regulation = less small operators. Everybody rushing for the exit is likely to mean a steeper market trending down.
From an investment point of view, getting out is probably the right market response for the smaller LLs (80% ?) but then it also presents an opportunity for the big boys who hv the resources to cope. For those who r too small to b big n too big to b small, it presents a dilemma : getting out is not without its pain n, more importantly, what do we replace our source of livelihood with ? For those who r thinking of holding on for the policy reversal, will the market stay irrational longer than we can stay liquid ?

Any thoughts of how to cope in the mean time anybody ? Perhaps AirB&B or corporate lets only ?... Read More

sam

20:30 PM, 13th April 2019
About a month ago

Forfeiture of holding deposits/reservation fees

We hv never taken a single ‘holding deposit’ in 30 years. Only ever had 1 prospective tenant back out (recent).
Why bother with risking the minefield ?... Read More

sam

23:04 PM, 16th March 2019
About 2 months ago

Humber Landlords Association lose High Court battle

Reply to the comment left by Chris Daniel at 16/03/2019 - 22:42
May be we ought to publicise the gooduns more so the baduns know who they can learn from.

Everybody acknowledges that rouge LLs are the minority and that majority of the LLs are good ones. Surely we dont want a situation where 99% of the LAs give the rest a bad name.... Read More

sam

22:29 PM, 16th March 2019
About 2 months ago

Humber Landlords Association lose High Court battle

Reply to the comment left by Dave Richmond at 14/03/2019 - 12:22
Hi Dave
I will never invest in your part of the world nor do I operate at the lower income sector so this is not my fight. But I am intrigued : how on earth did your gratitude to Danny's help result in a policy that he took you to court over ?

I am also intrigued by the anguish and mistrust of so many LLs on this forum towards LAs - not just Hull. Might be useful for people in the corridors of power to stop and ponder why. People with big boots should be careful where they tread. We all know government policies will influence market behaviour - at least in the short term. But the market will always win - eventually. Why alienate people who have an acknowledged useful role in our society ? Why punish the entire class for a few bad apple ? Because you can ? You may not feel your policy response is unjust or unreasonable but you can see the pulpable anguish here for yourself. The best way to get things done is not always the most expedient. An 'I can punish you' solution is unlikely ever to be a win-win solution.... Read More

sam

7:24 AM, 15th March 2019
About 2 months ago

Stamp and transferring to a Ltd co.?

Reply to the comment left by Mark Alexander at 14/03/2019 - 11:41
Don’t forget the letting relief capped at £40k.... Read More