James Fraser

Registered with Property118.com
Wednesday 2nd September 2015

Latest Comments

Total Number of Property118 Comments: 229

James Fraser

21:03 PM, 8th March 2021, About 6 months ago

Government's so-called protection is damaging decent tenants' prospects

Reply to the comment left by Paul landlord at 08/03/2021 - 19:05
I cannot believe this is correct, unless something has changed very recently. I was an NLA adviser for 10 years and still run accreditation courses for them. We have ALWAYS said a guarantor is on the hook for the length of the tenancy and is only release-able if the landlord agrees to break the binding nature of the guarantor’s agreement. Certainly my own contracts still state this and a quick google search reveals legal sites still saying a guarantor is on the hook beyond the fixed term - indefinitely, in fact. I don’t suppose the NRLA gave you the case name, by any chance? Might it be worth asking them again?... Read More

James Fraser

16:47 PM, 4th November 2020, About 11 months ago

Let’s create more first-time buyers by making private tenants homeless!

Reply to the comment left by Smartermind at 04/11/2020 - 12:57
There is a fundamental flaw in your comment that the anti-landlords also seem oblivious to.

The rental market is not a zero-sum game. If a tenant buys, it paradoxically does not necessarily (nor at all in reality) reduce the rental demand. It reduces it by that single family of course, and thus is a -1 in the moment of that transaction, but over the whole market does not change demand. Multiple other factors do that. For example, if the family in question does indeed buy such that rental demand is -1, how are you so confident that two divorcing couples aren’t coming along at that moment to add between +2 and +4 into the equation? They are! Similarly, someone gets hacked off at work and decides to go to uni. That’s +1. A struggling council suddenly finds 25 new immigrant families to house, so that’s another +25 in the demand column. The idea that the -1 buying their own home creates 1 less demand is only true in isolation with those individuals, but why anybody thinks that demand is not replaced, often many times over, is baffling, and deeply flawed. The figures become even more skewed for renters if they happen to buy the rental they’re living in, which reduces the demand by 1 but also the supply for future renters. Landlords selling also usually means evicted tenants, all of whom are then chasing fewer properties, while all the cases I mentioned above joining the rental market for the first time face even stiffer competition for rentals. In one case last week, I had a house come empty after 10 years and had 22 viewings and 3 offers in the first 48 hours alone. Some of these were renters being evicted by a local RAF base, thus increasing demand dramatically even though the departing tenant was a buyer of their own property. The ‘1 in, 1 out’ argument is factually flawed.... Read More

James Fraser

15:22 PM, 27th August 2020, About A year ago

Government must U-turn again to help landlords

It would be nice if somebody, somewhere, were willing to properly stand up for landlords with the most robust of defences against all attacks, and preferably a legal challenge which both the govt and barrister Giles Peaker have accepted seem likely. Standing around on the sidelines shrugging our shoulders is absolutely pathetic and invites further attacks on us. We need to start showing some teeth or forever accept our terminal decline into oblivion.... Read More

James Fraser

22:45 PM, 28th February 2020, About 2 years ago

Estimated number of Landlords falls to 7 year low

Reply to the comment left by michaelwgroves at 22/02/2020 - 22:32
I know the answer. I thought that was bonkers figures too, so contacted Hamptons. They told me it was because many of the amateur landlords selling are joint owners - husbands & wives usually, but often other family members too - so they’d recorded two or more landlords leaving the market where 1 house was sold. They said on average it was around 0.7 houses per landlord sold. Although it still slightly baffles me that that many are in joint names, I suppose it makes a lot more sense when explained like that.... Read More

James Fraser

11:54 AM, 6th November 2019, About 2 years ago

Landlords Alliance Election Manifesto

Bloody right! This is a great start and just the kind of thing the politicians should be listening to! Not much to criticise here.... Read More