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: 96

Darren Peters

10:57 AM, 18th March 2019
About 17 hours ago

Fergus Wilson Panorama documentary - now available on iPlayer

I don't see how the BBC would be able to turn Fergus selling his properties into a negative without twisting the truth or appealing to emotions over truth.

28% or 19% (cgt or corp tax) of the uplift will go to the govt who could use that money to buy or rent properties. The properties he sells will not cease to exist but will continue to house approximately the same number of people.

As mentioned previously, the govt doesn't want private landlords, he's only doing what they want.

What does that leave? Perhaps jealousy disguised as 'social conscience',

"That greedy Mr Wilson made all this money putting a roof over the heads of people".

Probably at a better standard than the council could,
Probably following the council rules and regulations that the council itself seems exempt from.
Undoubtedly paying taxes on all the rent he received.
Undoubtedly paying taxes on the uplift in value.
I wonder if Panorama will mention that.... Read More

Darren Peters

15:33 PM, 17th March 2019
About 2 days ago

Our recon trip to Portugal for NHR tax residence purposes

Reply to the comment left by Bill Morgan at 17/03/2019 - 15:04
Have a read through your mortgage conditions, does it say anything about where you live?... Read More

Darren Peters

9:06 AM, 12th March 2019
About 7 days ago

Labour want German style indefinite tenancies

Reply to the comment left by Mike at 12/03/2019 - 01:06
Oh Mike, it’s sweet, you actually think you aren’t already branded a rouge landlord :):):). ‘Landlord’ and ‘parasitic bourgeoise’ are synonymous these days. The fact that you are caring and keeping a roof over people’s heads counts for nothing, in fact counts against you. If you want to be a good landlord you shouldn’t actually house anybody, instead you should pontificate at every opportunity about how bad other landlords are, advise tenants to break the law to stay in properties longer, become a charity to be more profitable, pay yourself over 100k per year while having unpaid volunteers raise money for your non existent tenants and even get money from councils for ‘advice’. That’s how to be a good landlord, as soon as you put a roof over someone’s head you just ruin everything :):):)... Read More

Darren Peters

21:20 PM, 11th March 2019
About A week ago

Labour want German style indefinite tenancies

There's a real possibility that large property holding funds/companies will be nationalized in Berlin

https://www.dw.com/en/berlin-citizens-initiative-proposes-radical-approach-to-skyrocketing-rents/a-46495849

Which is ironic since it was the leftie Berlin govt that sold off their massive property portfolio a few years ago.

I think the thing that kicked off the rent increases in Berlin was that the long term tenants started airbnb-ing their properties unbeknown to the landlords. Then a light bulb went on and they became a 'long term tenant in 5 or 6 flats. Think how a Rent to Rent model would work if the landlord couldn't get their flat back?! Then landlords wised up and realised they could get true market value without the long term tenants. Why take a long-term tenant that is difficult to remove and not even living in the property when you can DIY?

Support industries sprang up to organise keyholding via all night bars, cleaning, check-in and outs.

Housing associations kicked up a stink over quiet blocks gaining a party flat with strangers coming and going noisily at all hours. More powerfully the hotel lobby pressurised the govt. So Air BnB for holiday/short term lets was banned in Berlin with the risk of a 100,000€ fine.

At the time of writing there are still hundreds of Berlin Air BnBs available. Snitching on neighbours is culturally frowned upon there or perhaps it's the long term tenants subletting under false IDs with little to lose

But rents ratcheted up and stayed up. Since most of the electorate are renters, the politicians have to be seen to be doing something. Hence rent controls.

Leaving politics aside, Berlin still has a cheaper cost of living than Hamburg & Munich though it has been catching up. Capital cities tend to be a bit more expensive than other cities so it's maybe got a way to go.... Read More

Darren Peters

19:27 PM, 11th March 2019
About A week ago

Labour want German style indefinite tenancies

Reply to the comment left by Mike at 11/03/2019 - 17:43
"So if he could rent this house for life at lower and lower rent, how would I get rid of him if the new laws came in?"

By giving him notice now and finding a decent tenant that isn't overcrowding, perhaps dangerously, your house. Perhaps that's not possible in your area or circumstances though.... Read More