Paul Shears

Registered with
Wednesday 31st July 2013

Insures properties through a broker recommended by Property118

Latest Comments

Total Number of Property118 Comments: 387

Paul Shears

9:46 AM, 14th July 2020
Less than a minute ago

Landlords warned not to discriminate against benefits tenants

So reject them on a case by case basis! This is idiotic!... Read More

Paul Shears

8:43 AM, 11th July 2020
About 3 days ago

HMO mortgages out of favour?

Far easier said than done in some cases.
Yes we all know that some landlords have obtained the loan without any problem.
But that has not been my experience!
Initial application with my existing bank, Santander, dragged on and on with multiple layers of continuing corporate incompetence.
No judgement of any kind throughout the corporate process.
Multiple requests to an individual completely unrelated to my business and who Santander know perfectly well could not possibly have answered any of their questions, using my Email address from the bank, caused me to give up on Santander but they never noticed and continued to ask for more information.
Eventually my loan was rejected but not with regard to any information that had or had not been provided but rather on a completely irrelevant detail despite my credit rating being 999.
Having given up on Santander, I started with HSBC 13 weeks ago.
The contact numbers that they give you in letters and Emails are wrong and the staff on those numbers will readily admit this!
You will be given another number to ring by the staff on the incorrectly contacted help desk.
After weeks of trying to get through on the unpublished number given to me by the incorrect help desk, I finally got to speak to someone yesterday.
It only took 50 minutes.
She told me that my loan was never actually going to go through because I had not proven my address. This is despite the fact that I did this in response to a letter that I received with a code number in it, weeks ago.
No explanation of how this could have happened from the help desk but it's obvious that, just like Santander, no progress chasing is ever done.
I have now been assured at my loan is most definitely fully approved.
However it is not possible to give an estimate of when the money might actually arrive if it ever does.
That detail is outside the remit of the HSBC helpdesk bounce back loan "specialists" that I spoke to yesterday.
This whole government bounce back loan scheme has been handled in a totally irresponsible way by both the government and at least two of the financial institutions that they have dumped the problem on.... Read More

Paul Shears

5:43 AM, 6th July 2020
About A week ago

Covid-19 Bounce Back loans for property businesses

Well it's been over two months now since my bounceback loan application with HSBC. Very little feedback during this time. Loan still being assessed with HSBC. My credit rating is 999.
This thread has gone silent now. Is anyone else having this problem?... Read More

Paul Shears

19:35 PM, 1st July 2020
About 2 weeks ago

Breach of Tenancy Agreement or a months rent?

Reply to the comment left by Mike T at 01/07/2020 - 12:27
Totally agree.... Read More

Paul Shears

13:00 PM, 30th June 2020
About 2 weeks ago

Renewal Fee after 3 years?

Reply to the comment left by neilt at 15/06/2020 - 17:14I have a very healthy paranoia regarding the conduct of all large organisations and experience has shown that I should have included smaller ones as well.
I had one agent from a well known national chain, email the terms of engagement ten minutes before we met at a rental property. I managed to print out the document and read it before the agent arrived.
I pointed out to the agent that I considered the terms outrageous and she immediately agreed to drop the relevant clauses. Clear she had previously been caught by other landlords prior to signing the terms of engagement but I bet no other landlord had done this in ten minutes..........