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Carryon Regardless

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Everything posted by Carryon Regardless

  1. Maybe a heads up on something that caught me out recently, not serious but a £60+ better in my pocket. Our local council still gives a 3 month 100% discount on an MT and unfurnished property. My AST states all council charges etc to be the responsibility of the T for the full period of responsibility agreed within the AST. Early in the year I held T's to the full period of notice, so they held the keys till that day although they had vacated the property a couple of weeks earlier. As it turned out I re let the property near on 3 months later but as the previous T's had clai
  2. Well RL there is another view. In the past when someone has complained of how much income tax they pay I have responded with "aren't you lucky." It's only those that earn enough will pay a lot of tax. Those below the tax thresh hold and those earning so little they pay little tax are clearly not finding the cost of life easy.
  3. http://www.thisismoney.co.uk/money/buytolet/article-3153541/Profits-slashed-wealthy-buy-let-landlords-Budget-crackdown-mortgage-tax-relief.html I had a conversation regarding this last week with an accountant. My statement that LL's were going to be taxed on revenue rather than profit was met with "for most nothing will change". We, in a few years, will no longer be able to offset the mortgage cost against the higher rate tax paid but still able to offset against the lower band. As I don't pay the higher tax, as I don't clear enough, for me no change. Of course we do lose the 10
  4. 'If' we down'ere increase rents by say 10% over what we might have to compensate us for higher A's charges the T's are definitely the losers. Any long term rent increase of significance to compensate for a short term (one off per rental cost) must bring in higher returns for the LL. In my case where I don't employ the services of A's these days, not saying I won't as there might be future value, I gain even more. I base my rents on the market comparisons, and then knock a bit off to be more comparative. 'If' market rents are going to rise for what ever reason/s I enjoy highre income
  5. The Govt have got to mess with this industry they can't stop them selves. If the A can't charge the T the fees they either charge the LL or don't give the service. I would imagine the A will offer services in a tiered fashion, as many do already, Bronze, Silver Gold sort of thing. Higher admin fees will cause some LL to go DIY. Increased credit check fees will see an increase in higher risk T's, and the knock on of that we see here often. These days I'm essentially DIY anyway, since my find only A couldn't find T's that didn't want to pay a deposit, "they don't under
  6. I guess you both had a light sprinkling of luck over the DPS debacle a couple years back when no one knew if they should retake deposits, reserve prescribed info, or in fact do nowt regarding new tenancies, existing tenancies and very old existing tenancies. At least some effort has been applied to rationalise the 21a and 21b removing some potential for confusion. As for reading the rules to be aware, if they weren't amended so often there would be more chance of the more average LL doing this. Even the judges in the CC seem to need reminding of the legislation now and again.
  7. and good luck to yer, I was how ever referring to the ever increasing legislative hoops we need to jump through. The number of them and their complexity by design must cause us to fail in one way or another.
  8. Something like learning from our mistakes eh Grampa, except most of the time it wasn't a mistake until some wannabe shows us how they can abuse us. I'm not sure it's possible to foresee where this industry will be next year so we can plan in advance, that's the lesson I take from its history anyway.
  9. I can see that argument. In my case the AST will not get my signature until formalities are complete. That is, my AST signature is the last action before presenting keys. W/o my signature the AST hasn't been agreed so not yet started. In the old days of serving the S21 at tenancy start I viewed that giving keys, shaking hands and welcoming them to the tenancy was the seal of agreement i.e. start of tenancy. All can be argued in court of course, and we know where sympathy generally lies. The problem here is that to have the deed completed (dated) before the AST is far from accept
  10. I've been surprised some recently regarding a couple of HB tenancies. Both did a runner, the first was traced through a tracing agent and they are now recovering approx £32 pm, they keep 25% and pass the rest on. As and when he pays the original sum off I'll peruse him for the 25% I've been charged for the service. Little chance or none I'll enjoy harassing that one. The g'tor of another is paying £150 pm. In truth I believe she is protecting the wherabouts of the T by passing on the dosh. I don't care. Both of these debts were right off in my mind but goes to show some times it
  11. I believe most local authorities will accept a date of repossession by the court as adequate for rehousing so most T's depart, having only cost us £280 + additional losses. Personally I haven't had the need to proceed further than a court repossession YET. Although I also believe that, with further permission from the CC, that can be requested at a repossession hearing, we can speed things up by using the high Court Sheriff. This, I believe, will relieve us of a further £1K(ish). With the value of my rents I don't envisage this having purpose for me. RL I have been saying for years n
  12. I use the deed provided by Grampa some time back. That requires the G'tors signature to be witnessed anyway, a requirement of a deed and let's face no deed no real responsibility. Sign up is at the property. We all three sign onto the AST. G'tor and witness only for the deed. The only time I went along with a variation I insisted the distant G'tor went to a solicitor who would witness (and stamp), the process failed. Passports (or similar for both required), mine as well if ever asked for. Nowadays, aside from possible visit to existing properties (T & G'tior), for £3 I carr
  13. Back to the court and pay for Bailiff action.
  14. Tenancy given due to false information, you can repossess on those grounds. If there is need to recover losses claim against the g'tor, when he denies responsibility due to forged signature involve the police for fraud. This is only for satisfaction unless you feel you can recover some monies.
  15. Say no, a big no. Any tenant believing this to be reasonable isn't a tenant I would want to keep. What else is going on with 'your' property that he thinks he has the right to change? Wait for the suggestion that he has increased the value and deserves consideration.
  16. Just me then. I should try writing my message on a postcard and taking a photo of it..doc
  17. Site Broken. Replies Not Possible.doc
  18. New Microsoft Word Document.doc
  19. If any of my T's could afford new cars with this new technology I would put the rent up.
  20. I don't mind if a T penalises themselves with a bad tariff set up, but I can see how an incoming later T might be disadvantaged. Also years ago most of my properties were on a non standing charge tariff, as I get properties back none are. This of course means a disadvantage to me during voids. As far as I'm aware we aren't able to dictate suppliers and tarifs and that in itself can be bad for us as the dreaded British Gas employ sly tactics to gain an account. Does anyone here attempt to 'direct' T's with this? It could also be handy to know if a T is creating a situation where
  21. http://www.traceadebt.com/ I used this firm for a couple of traces. I kept the order to minimum cost (£42 incl VAT). They responded within a few days, no where near the 20 days stated on their site. I paid for one trace so as to check out success prior to parting with more dosh. A little git that had really worked it on me leaving with no notice and leaving the flat in need of great effort just to empty and clean. Then redecoration as may be expected. I knocked at the address provided by 'trace a debt', spot on he answered. Oh the feeling of joy as I voiced my opinions of him a
  22. Until you may have desire to sell. Many will expect the additional stamp duty loading to be knocked off the price, well some at least. I accept that in a very bouyant market a seller can wait for inflation / a better offer but for me personally it will be a serious disadvantage as most of mine aren't so bouyant. But suppressing the market was the aim I believe.
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