Thursday, Dec 24, 2009
Vampire squid of the EAs fights back
Times: Foxton's spurred by bank victory
More bad news for the BTL sector. I am surprised anyone still thinks of residential property as an "investment".
Posted by chrisch @ 09:41 AM (958 views) Add Comment
9 Comments
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1. paul said...
Foxtons still filed its accounts late to Companies House. What's going on there we wonder?
2. Righttoleech said...
Why do I want to win, Foxtons or Landlords? It's like choosing which disease you would rather die from.
3. righttoleech said...
Who do I want to win? Foxtons or Landlords? It's like choosing which disease you would rather die from.
4. paul said...
@righttoleech
Haha. That's fuinny. Same here - which do I hate more?
5. Bearinthewoods said...
It's rich isn't it? Greedy, grasping vampire landlords whinging about having their blood sucked by a more powerful and cunning vampire! You couldn't make it up; I'm beside myself with mirth :-) It's wonderful to see the dogs turning on each other....more of the same please.
6. doomwatch said...
Paul, same as Mr "F00king" Ramsay. Perhaps a spot of cooking is going on ?
7. techieman said...
righttoleech - well actually it affects Tennants too. The question addressed was were fees for renewal of a tennancy agreement fair, when basically the agent had done nothing.
By implication the fees included tennant fees for a renewal, although that wasn't specifically addressed. Basically the judgement wasnt that all such fees were neccesarily unfair, but that they needed to be disclosed and agreed to at the outset.
The agent wanted a couple of hundred quid off me - for re-running a copy of the prior years contract and changing the date. I agreed with the LL (for another reason actually) that we should go for a statutory tenancy, and therefore there would be no new tenancy to sign and to charge for.
I intimated though that it was extremely unlikely i woul be paying for a tennancy renewal (aside from a £20 admin fee at most) and cited the OFT / Foxtons case.... Might have been interesting.
8. krustyatemyhamster said...
techieman
I'm in a similar situation myself at the moment with the current tenancy agreement coming to an end in feb - wrote to the LL a few days ago after I refused to pay the fees the LA had requested - if the LL's happy for a statutory periodic tenancy to continue then I'll just stay on - if not, they've lost a good tenant. Besides, rents are down in my part of Hampshire from this time last year, so I'm quite happy with moving to a better deal elsewhere.
9. techieman said...
good luck krustie ! But dont rents only ever go up