Darren Peters

Registered with Property118.com
Saturday 2nd January 2016

Insures properties through a broker recommended by Property118
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Latest Comments

Total Number of Property118 Comments: 69

Darren Peters

3 days ago
Bank of England vote only 6-3 keeping base rate at 0.5%

Many generations of economists were shown a Philips machine
https://beta.sciencemuseum.org.uk/stories/2016/11/3/how-does-the-economy-work

In essence a cause and effect machine which gave the impression that tweaking variables could produce a desired result if you know what and how. I think that idea has become ingrained and given the impression that economics is a science.

Even if there are some predictable cause and effect elements, it doesn't seem to be possible to control economies predictably.

And that's before the layer of govt machinations is taken into account.... Read More

Darren Peters

2 weeks ago
Right to Buy leases and Consent charges

I wonder if it's stretching it to apply this to the cost ofHMO Licensing where the property was originally RTB. After all the Licence is in essence a consent in exchange for money.... Read More

Darren Peters

2 weeks ago
Are REIT's A Viable Exit Strategy For UK Landlords?

Reply to the comment left by Tom Tennant - REIT Providor at 09/06/2018 - 14:09
Yes thanks Tom. If there was a circumstance where properties had to be sold, must they be sold at arms length/independently valued? Must the sale money realised be distributed with the same 90% rule as rental profits?... Read More

Darren Peters

2 weeks ago
Shadow Housing Minister wants 3 week deposit maximum

Perhaps there's a business opportunity for someone to make a fixed fee streamlined service for Landlords - meticulous entry and exit inventory right through to civil action & CCJs. Monetized along the lines of an insurance scheme with an assumed percentage of contracts needing court appearances.

Or am I being idealistic and courts wouldn't entertain the idea of tenants causing damage?... Read More

Darren Peters

2 weeks ago
Are REIT's A Viable Exit Strategy For UK Landlords?

If you exchanged say 1 million of equity in property for 1 million of REITS shares then the govt decided that companies would also not be allowed to put finance costs against profit, what would the return or dividend reduce to?

I'm thinking along the lines that the dividend could drop to zero and the share price rapidly follow. If this happened while still holding the properties there should still be something tangible left to sell. So in this scenario, would the REIT sell down the properties at whatever they could get and distribute final dividends?... Read More