Jump to content

Carryon Regardless

  • Content Count

  • Joined

  • Last visited

Community Reputation

0 Neutral

About Carryon Regardless

  • Rank
    Super Senior Member

Profile Information

  • Location
  • Interests
    Sailing dinghies, the more skill required the better. Ambition to sail yachts also. Guinness still appreciates my attention, but only to excess..

Recent Profile Visitors

4,715 profile views
  1. Carryon Regardless

    Tenant fee ban and the 5 week limit for deposits

    A thought around increasing the rent for animals, I can see over the long term you can offset the greater risk / expence, but if a tenancy is shortish, just a few months the carpets will be shot and the cost not covered. I have considered that T's with animals might be asked to buy the carpets from me, or for me if they're going down for a new tenancy.
  2. Carryon Regardless

    Renting to students: Is it a bad idea?

    I did some research and calculations some years ago. While the financial aspect may have evolved some, but I doubt it, the demographic won't have. I concluded that the area must be within the catchment zone, obvious I know. But close to the study venue is less important than easy access to night life. Students are traditionally skint, so taking payments from the G'tor can have advantages, how they all sort that isn't your issue. Expect a repaint each season, and possibly new mattresses and some furniture. Local Uni's will detail the minimum requirements of 'your' property to register it / you on their list. Consider the neighbours, even if you don't like them you might well get many complaints and attention from environment health. The noise and rubbish will be seen as your problem. A friend used to work in the M/cr housing enforcement. They took to prosecuting LL's in some strange way if a lady was raped in their property, go figure that one, (I perceive aimed at student let's but clearly wouldn't be specifically). I haven't a clue if other authorities adopted this prevention attempting policy. I have some personal experience with my step dausghter of students absconding the let, effectively sub letting to short term partners, and transferring utility responsibilities to another when it suited. We are now limited by our charges and deposits so can enjoy an increased risk there. My conclusion was to leave that market to those with the expertise, if there were to be any increase in revenue it wasn't worth the anticipated additional effort, and possible increased risk.
  3. Carryon Regardless

    Stamp Duty on Remortgage?

    I hope you enjoyed Spain, prior to us lepers being turned away at any new eu border, or asked to pay the massive amount of 7 something or other to enter. As I wouldn't consider that there is a responsibility for others to resolve any queey raised there is no apology necessary. A thank you is appropriate from me and hopefully is suitably conveyed. Now back to practicing me Inglish learnin' The rain in Spain is nowt like the snow up 'ere in Buxton.
  4. Carryon Regardless

    Stamp Duty on Remortgage?

    I'm considering remortgaging one property to fund the purchase of the 1 flat I don't yet own in the infamous block of 6. Really having overall control will represent increased profits from not losing T's due the the present owners ongoing anti social antics. I realise there is the increased stamp duty on buyng a BTL, but another LL friend believes there is also stamp duty charged on the remortgage, that property will not be chaging hands. Is he confused?
  5. Carryon Regardless

    sale value

    I'm surprised your rents are so low. In Prestatyn, 1 bed flats of approx £50k value fetch me £425 pcm, and I'm about to assess for this years increase. The year up to March 18 was an actual revenue of £25,551 for the 5. It's hard to image Notts is any less attractive. I'm not suggesting your not on the ball with your rents but have you considerd requesting one of the larger agencies to value as if they managed? Some years ago i did with genuine interest, didn't use their services and I just pitched a little lower. It could change your view of the sale value.
  6. I'm finding this a bit ambiguous. As I read this the new 'move' applies to a deposit paid 'up front' to secure a property, a holding deposit. This being an amount to reserve the property pending checks and the signing of the AST, where the deposit for the tenancy would more often then be due. Or is this in relation to what we generally refer to as 'the deposit' that must be protected? As I wasn't aware of a 6 week rule regarding that I would be surprised. If I am right this 'move' is pointless as any 'holding deposit' would be converted into 'the deposit' or initial rent at sign up.
  7. Carryon Regardless

    New AST & Uncooperative tenant

    My view, if you withhold any amount of the deposit you still hold a deposit. If you are able to reach a demonstrable agreement over the amount you are due so that the deposit is 'cashed in' and you proportion the amounts each will get from it, then maybe you might be able to show that the deposit has been returned. Where is the deposit held? If with the DPS then as I remember this is done at the closing down of that deposit, I can't comment on the other schemes.
  8. Carryon Regardless

    New AST & Uncooperative tenant

    Boiler Replacement Read the response from Melboy in the above linked thread and see how that fits in with your boiler instal and gas inspection dates. If there are other gas equipment in the property they would need to be covered by a certifiacte anyway.
  9. Carryon Regardless

    Section 21 Spelling Error

    To my mind this would depend on how long ago the notice was served, I would also interogate the notice and service of to be sure that all other procedures were correctly followed. If there is urgency to repossess the property, and the notice has already run up most of the 2 month expiry period and a reasonably minded person should be capable of understanding the notice intent then you should be alright. In areas where I rent I feel sure Shelter would pick up on this and attempt to use it to advantage, the judgement call is if I would feel confident enough to argue the point in front of a Socialist Judge where further expence and time could be lost.
  10. Carryon Regardless

    Potential tenant - but bad credit rating

    A good deed of guarantee ties the Guarantor for the period of tenancy, cue Grampa.... T'other advantage of a Guarantor who may be at risk is that an absconded tenant generally reappears when the Guarantor is made aware. I've even had tenants become more amenabl when reminded of the Guarantor's responsibility. One Guarantor even gave my then tenant a black eye for doing that to him.
  11. Carryon Regardless

    Potential tenant - but bad credit rating

    You need a quality guarantor as even doing more research may not show you the true history. A distant guarantor is far more awkward to sign up than one that can pop over to meet you on sign up day. I've tried signing up a guarantor some 200 miles away by using a local solicitor to witness at their expence, after a lot of faff it failed. The problem with a relocation, possible experiment, like this is that it has it's own risks. Is she running from something that might follow her, like a violent ex? 2 risks from single female T's. 1st, if they are attractive we males might not see the situation as clearly as we should. 2nd, any female can attract male attention and the new chap/s haven't been assessed by us but may well become very important to the tenancy.
  12. Carryon Regardless

    Attention seeking ?

    To my mind these things are a judgement call. More often basing the call on your experience of the person is the basis of the decision. From a business point we don't want to be too swift to hoof a T that may well come right, but then don't want to be slow and suffer greater losses than might be be acting faster. I don't follow the route of guarantee insurance but do generally have a guarantor. that can help me be more relaxed some times if a feel confindent they could satisfy any claim. Considering T's can call on Shelter, CAB and Housing Enforcement I wouldn't be too judgemental of a LL that acts defensively, and then maybe denies a genuine case any sympathy.
  13. Carryon Regardless

    Duty of care

    Good strong boots, for the wife to wear.
  14. Carryon Regardless

    Boiler Replacement

    I attended early on but had other things to do so didn't monitor through the day. I spoke to the instalation tech to be sure he understood my slight redesign, in that the boiler was being turned 90 degrees and will fit inside a 600mm wall cupboard next yesr when the new kitchen is programmed for. The extra 100mm being a little easier for future servicing. He spoke of a flush and was telling me it should get one each 12 months, I'm not so sure about that bit as he was fitting the crap collector (he showed me). This is fitted high and will be disguised behind a panel above the new units. I was keen for him to run pipework close to the wall below so as to maximise inside cupboard space down there. The T's have advised me on some of the finished results but tomorrow I want to see for myself, and receive paperwork in exchange for the money. A receipt with an address for service is my expectation.
  15. Carryon Regardless

    Boiler Replacement

    At Friday's instal the controls hadn't been updated, there is to be a compliant wireless control to be fitted Wednesday by a Part P sparky. I'm attending again Wednesday to go over the job with the engineer and pay for the job if all is good. Not unreasonably the engineer has been pushing for his cash, from my side I wanted to be sure that the job was up to required spec prior to payment. Being trusting I've recently been stung by paying first and then trying to resolve an issue later when the there;s no longer the incentive by them. The gas cert was carried out in May. If there is no up to date gas cert it's good to know I'm still legaland won't push for one. There would be no sense in not including the new boiler next time and that'll do. Thenks for the useful input chaps.