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: 114

Darren Peters

8:49 AM, 3rd September 2019
About 2 weeks ago

Oxford using plane with thermal imaging to catch beds in sheds

Wonder what our friends at Shelter will advise these shed tenants to do.... Read More

Darren Peters

10:50 AM, 23rd August 2019
About 4 weeks ago

Mortgage with a council grant?

Would it be possible to create 5 consecutive tenancies: one for the current year then 4 more forward dated and signed? Maybe ask the council this and get response in writing.

Then the mortgage lender has an AST to keep them happy, the council has its guaranteed 5 years and your tenant is still the council who are less likely to default on the rent.... Read More

Darren Peters

15:59 PM, 7th August 2019
About a month ago

Diplomatic/embassy rental?

If the person or organization has diplomatic immunity they can stay forever and pay no rent.... Read More

Darren Peters

9:03 AM, 3rd August 2019
About 2 months ago

Should I sell or take a Lifetime BTL mortgage ?

Value 1.3 million, income £3000 per month is a very low return on that property. 2.76% return on the value or 3.6% return on capital. I would not want the problems of that property, remote from me at that small a return. If you want your money in property I'm sure you could find a better return local to you and just invest the million in several properties with no mortgage involved.
Assuming no interest you could leave the money in the bank & draw down £25,000 per year to the age of 105 or £33,000 per year to the age of 95. Okay inflation could spoil that but you could open several bank accounts (keep less than £85000 in each for govt guarantee) and regularly 'save' money across from one account to another to earn 5% interest.

https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/
Or lock in some of the money for 5 years for a high return. But since you already know how to landlord, perhaps a mix of a few local properties plus strategic investment/drawdown of cash.... Read More

Darren Peters

11:08 AM, 25th July 2019
About 2 months ago

Auctions - A great start for landlords

Reply to the comment left by Aleksandr at 25/07/2019 - 07:08
What do you think the complications will be?... Read More