Tim C

Registered with Property118.com
Wednesday 25th November 2015

Latest Comments

Total Number of Property118 Comments: 11

Tim C

0:09 AM, 14th December 2019
About 4 months ago

Tory Landslide - Landlord Reactions

Great result which has made my year and restored some faith in Britain.

Regardless of what S24 has done to us as LL's this is only a reaction to the intolerable pressure from the left which the Tory's have had to offer as a sop to the modern politics of envy. Yes the loss of mortgage interest relief is outrageously unfair but one can't just reject a whole philosophy because it hits us in the pocket. All other parties would have decimated the property industry and the wider business community.

For me this is all about the individual over state. Aspiration over dependancy. Corbyn's rancid politics need to be consigned to the dustbin of history! Go Boris!!... Read More

Tim C

10:49 AM, 23rd November 2019
About 4 months ago

Labour Manifesto - Attack on the PRS

Reply to the comment left by Dennis Leverett at 23/11/2019 - 10:02
The manifesto makes for absolutely terrifying reading for anyone with even a basic understanding of capitalism and the individual's right to better themself.
Even Marx accepted his ideas were a beautiful theory but could not work in the real world. You can only nationalise industries once build by capitalism!
In one way I am not terribly concerned about my business in the PRS if these nutters get in as the wider economy will implode so at least we will all be in this together.
I would be interested if anyone is developing a contigency plan if Corbyn & co get in. How do you get your money out of property and how easy is it to re loacte on a British passport?... Read More

Tim C

22:12 PM, 23rd September 2019
About 6 months ago

Section 21 abolition stinks!

This is truely grim and highlights the reason S21 is still very much needed!
I had a situation once when the tenant refused to take her 4 dogs out for walkies and the dog pee rotted through the floorboards....when fixing our builder slipped on a stray turd on the staircase and broke his leg. No I am not joking!... Read More

Tim C

17:40 PM, 27th August 2019
About 7 months ago

Sell or repair? At my wits end!

Sadly I've been in this position many times myself.

As others have said this type of property is in no way a passive investment!

I was often given the great advice of just sell it. Not a lot of help if the current value is nowhere near the outstanding mortgage!

Can you try and strike a deal with the insurance co to pay out on the latest theft on the basis that you will put the thing to auction and there will be no further claims on the prop? The insurance monies may mitigate some of the capital loss.... Read More

Tim C

12:31 PM, 27th August 2019
About 7 months ago

Police blamed for allowing Anarchy to rule in the PRS

Reply to the comment left by Mark Alexander at 27/08/2019 - 10:55
I think so much depends on location not only for capital growth but effectivness and corruptness of councils / police etc which can tarnish your whole experiences of being a LL.

I stupidly bought a number of houses in a blighted pit village. UC tenants, arrears, houses trashed the day they come empty, negative capital growth, hard left LL hating council. Usually not worth reporting break ins other than to get a crime reference although mostly not worth claiming on the insurance as will send the premia soaring! Makes you despair!

Most of my other houses are in a good university city with working professionals, solid capital growth, and nil rent arrears. Happy Landlording!

Even in this area I found the police a complete waste of time. About 5 years ago I had a large house completely trashed by a criminal outfit that converted the place into a commercial growing operation. I became suspicious and reported the strong smell to the police a number of times even when one of the boards they had used to cover up the windows inside fell off and you could see the lights! I was forced to take all the way to high court enforcement and the police did not even attend when the bailiff reported the operation when we finally got in! I had to take all the equipment apart myself!!

I try to keep my houses in good condition so as not to fall foul of authorities at any cost. As a LL you are a non person in modern Britian! You have utterly no protection from the authorities as have no lobbying power.

I think the only way to be a LL now is to take yourself out of stressfull sitations and live somewhere nice. I moved to the deep country a while ago and are much happier now! If I didn't have aging parents I would live somewhere warm where enterprise and personal responsibility is actually encouraged!!... Read More