EnglishinWales Posted February 7, 2019 Share Posted February 7, 2019 On 05/02/2019 at 07:52, stuckmojo said: This. I am also noticing a change in the rental market. I have to look for a rental flat in Liverpool for work (a monday to Thursday thing) and there are hundreds of flat available. Way more than I expected within the same price bracket and spec. Many of them are listed both for sale and for rent. One needs to be careful. Unless there's a mass influx of people in the city centre, I can't just see those being all occupied, even excluding the ones that still have to be built. Sounds like Wrexham. More coming on the market than going off. Spareroom is bursting with nice-looking en suite rooms in HMOs as well. Are we at saturation point? Quote Link to comment Share on other sites More sharing options...
Lavalas Posted February 8, 2019 Share Posted February 8, 2019 Latest from that berk at the Landlords Alliance. He seems to have been howling at the Information Commissioners Office (on Twitter - usual approach) about local authority licensing breaches of GDPR. Comically, the ICO have apparently decided to investigate the Landlords Alliance instead due to the rogue tenant database mentioned on their website. Nice trolling from the ICO. Glad to see they’re amusing themselves when sat round deciding how to handle his complaints. https://www.property118.com/landlords-alliance-laughing-stock-ico-investigation/ Quote Link to comment Share on other sites More sharing options...
Man of Kent Posted February 8, 2019 Share Posted February 8, 2019 Including this comment aimed at a named member of the Information Commissioner's Office staff, which is going to go down like a lead balloon in Wilmslow: Quote Link to comment Share on other sites More sharing options...
Exiled Canadian Posted February 8, 2019 Share Posted February 8, 2019 54 minutes ago, Lavalas said: Latest from that berk at the Landlords Alliance. He seems to have been howling at the Information Commissioners Office (on Twitter - usual approach) about local authority licensing breaches of GDPR. Comically, the ICO have apparently decided to investigate the Landlords Alliance instead due to the rogue tenant database mentioned on their website. Nice trolling from the ICO. Glad to see they’re amusing themselves when sat round deciding how to handle his complaints. https://www.property118.com/landlords-alliance-laughing-stock-ico-investigation/ Splendid. The LA has to be some sort of false flag operation surely? These levels of incompetence don't come naturally to many people. Quote Link to comment Share on other sites More sharing options...
Man of Kent Posted February 8, 2019 Share Posted February 8, 2019 At one time I thought it might be an elaborate parody. But apparently not, except in the sense that it is absolutely fornicatingly hilarious. Quote Link to comment Share on other sites More sharing options...
mrtickle Posted February 8, 2019 Share Posted February 8, 2019 Quote As regards the pathetic ICO investigation, we will emerge with our reputation enhanced while the ICO will be trashed. Strong words. Watch this space. LOL Quote Link to comment Share on other sites More sharing options...
mrtickle Posted February 10, 2019 Share Posted February 10, 2019 No so much "on the offensive" , more doing what we all did in 2015, 522 pages ago. https://www.propertytribes.com/if-have-salary-s24-killer-t-127638723.html Quote Section 24 HQ If you have a salary, S24 is a killer! I had a little spare time this morning and I thought I would look at a scenario comparing a working Landlord with a Landlord who only has BTL income. The figures are made up, but the S24 is high and I have only looked at the Tax situation 18/19 So here goes: First the figs of a non working Landlord Working Landlord Salary £50,000 Rental Income £141,000 £141,000 all costs other than Interest £49,768 £49,768 Total Interest for Year £57,801 £57,801 Interest Deductible 50% £28,900 £28,900 Tax Credit for 50% £5780 18/19 £5,780 Total Tax Bill before credit £13,510 £27,725 Tax credit £5,780 £5,780 Tax Due £7,730 £21,945 The tax difference because you have a 50k income is £14,215 The main point to note is we are only half way through S24! Quote Link to comment Share on other sites More sharing options...
Dyson Fury Posted February 10, 2019 Share Posted February 10, 2019 (edited) 21 minutes ago, mrtickle said: No so much "on the offensive" , more doing what we all did in 2015, 522 pages ago. https://www.propertytribes.com/if-have-salary-s24-killer-t-127638723.html Quote First the figs of a non working Landlord : Rental Income £141,000 And this rental income (5 or 6 times average salary for someone working full-time) all comes from properties bought with other people's money, on IO mortgages [not available to owner-occupiers], with full tax relief on finance costs [abolished a generation ago for owner-occupiers]. In a nutshell, THIS is what is wrong with the UK housing market. Edited February 10, 2019 by Dyson Fury Quote Link to comment Share on other sites More sharing options...
thewig Posted February 10, 2019 Share Posted February 10, 2019 Chump needs to do a cheeky recalc on what the figures are if he just bangs the rents up on his scumbag tenants. Then if it still don’t stack up, just bang em up some more on the little fckers. Rinse and repeat until your spreadsheet returns the figures you need and BOSH youre gravy again. I mean it really ain’t rocket science this stuff is it Quote Link to comment Share on other sites More sharing options...
regprentice Posted February 21, 2019 Share Posted February 21, 2019 I've heard of three landlords selling up this week. Colleague at work looking to offload a portfolio of 4 flats in Edinburgh, can't say anything but good things about them to anyone who will listen...not sure why selling then..... Wife's friend has been served notice as her landlord is selling up. West Lothian outside Edinburgh. She is now hoping to be evicted for a council house place. Old University friend has just been given notice and told her landlord is selling up in Leytonstone. Anecdotally that seems to be the S24 changes finally hitting home and encouraging sales after the first years tax returns have now been done. All similar to this recent thread - Quote Link to comment Share on other sites More sharing options...
Si1 Posted February 21, 2019 Share Posted February 21, 2019 I've seen no chain houses for sale that look like BTLrs.. Asking ludicrous prices for them but I suppose it's a start. Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 22, 2019 Share Posted February 22, 2019 13 hours ago, Si1 said: I've seen no chain houses for sale that look like BTLrs.. Asking ludicrous prices for them but I suppose it's a start. I guess its where and how you look. I gave up tracking Scabbies listings and sales years ago - 3/4 of listed stock was never selling. However .. one thing that I am well aware is Scabby is an IO BTL hotspot. Theres a several small local businesses people (think taxi firm, small builders) who went mental for IO BTL - think 10/100 flats n houses. All IO, manly benefits. Now we've npt had a very cold winter - we should have lower than normal probate .... However ..... look at the number of 'No onward chains' and 'Suitable for rental ivnestment' https://www.home.co.uk/search/results.htm?TOWN_SEARCH=1&location=scarborough&radius=3&sort=FOUND_DESC&page=1 This is a mass exit of idiot IO BTL Quote Link to comment Share on other sites More sharing options...
Si1 Posted February 22, 2019 Share Posted February 22, 2019 1 minute ago, spyguy said: I guess its where and how you look. I gave up tracking Scabbies listings and sales years ago - 3/4 of listed stock was never selling. However .. one thing that I am well aware is Scabby is an IO BTL hotspot. Theres a several small local businesses people (think taxi firm, small builders) who went mental for IO BTL - think 10/100 flats n houses. All IO, manly benefits. Now we've npt had a very cold winter - we should have lower than normal probate .... However ..... look at the number of 'No onward chains' and 'Suitable for rental ivnestment' https://www.home.co.uk/search/results.htm?TOWN_SEARCH=1&location=scarborough&radius=3&sort=FOUND_DESC&page=1 This is a mass exit of idiot IO BTL 7 I meant I HAVE seen these things, my grammar was confusing, whoops. Bramley, Kirkstall etc, my usual haunts Quote Link to comment Share on other sites More sharing options...
Lavalas Posted February 22, 2019 Share Posted February 22, 2019 1 hour ago, Si1 said: I meant I HAVE seen these things, my grammar was confusing, whoops. Bramley, Kirkstall etc, my usual haunts Dump loads of ‘perfect investment opportunities’ in LS6. Meant to start tracking volume a while ago but too depressing looking at all the carved up shit holes. Quote Link to comment Share on other sites More sharing options...
Si1 Posted February 22, 2019 Share Posted February 22, 2019 18 minutes ago, Lavalas said: Dump loads of ‘perfect investment opportunities’ in LS6. Meant to start tracking volume a while ago but too depressing looking at all the carved up shit holes. Oh yeah, burley kirkstall etc. Otherwise nice houses would need an awful lot of money spent to convert back to family houses. Quote Link to comment Share on other sites More sharing options...
mrtickle Posted February 22, 2019 Share Posted February 22, 2019 Oh dear. Quote Link to comment Share on other sites More sharing options...
thewig Posted February 22, 2019 Share Posted February 22, 2019 Jay Caan. DEBTjunkie extraordinaire? Quote Link to comment Share on other sites More sharing options...
mrtickle Posted February 22, 2019 Share Posted February 22, 2019 (edited) Never heard of him. He's resisting a flood of friendly advice to take it down. https://www.facebook.com/groups/507634763096115/?fref=gs&dti=1531018413809762&hc_location=group Edited February 22, 2019 by mrtickle Quote Link to comment Share on other sites More sharing options...
elephant Posted February 23, 2019 Share Posted February 23, 2019 11 hours ago, mrtickle said: Never heard of him. He's resisting a flood of friendly advice to take it down. https://www.facebook.com/groups/507634763096115/?fref=gs&dti=1531018413809762&hc_location=group Group is a closed group, have you joined it? Surely its a breach of GDPR? Click on the report group button though and there are no suitable reporting reasons to select. Quote Link to comment Share on other sites More sharing options...
Man of Kent Posted February 23, 2019 Share Posted February 23, 2019 I'm not on Bookface so I can't see it, but is it possible to report it to the ICO? Tweet them a screengrab if necessary. Quote Link to comment Share on other sites More sharing options...
Ah-so Posted February 23, 2019 Share Posted February 23, 2019 1 hour ago, Man of Kent said: I'm not on Bookface so I can't see it, but is it possible to report it to the ICO? Tweet them a screengrab if necessary. There is a report group link. You get a limited number of options if how to report it. Quote Link to comment Share on other sites More sharing options...
elephant Posted February 23, 2019 Share Posted February 23, 2019 10 minutes ago, Ah-so said: There is a report group link. You get a limited number of options if how to report it. None of them seem relevant so it’s more than likely facebook would dismiss any report. Quote Link to comment Share on other sites More sharing options...
Pop321 Posted February 23, 2019 Share Posted February 23, 2019 2 hours ago, elephant said: Group is a closed group, have you joined it? Surely its a breach of GDPR? Click on the report group button though and there are no suitable reporting reasons to select. 2 hours ago, Man of Kent said: I'm not on Bookface so I can't see it, but is it possible to report it to the ICO? Tweet them a screengrab if necessary. This is definitely outside the spirit of GDPR around consent of use of personal information. It is certainly worth reporting. However less sure about the scope of GDPR...I might be wrong but possibly only applies to big corporates that the ICO can fine. Those big bad banks who are killing puppies etc.. Quote Link to comment Share on other sites More sharing options...
Man of Kent Posted February 23, 2019 Share Posted February 23, 2019 No it applies to little people too - they're all over the National Landlords Alliance and they don't come much littler than him. Quote Link to comment Share on other sites More sharing options...
mrtickle Posted February 23, 2019 Share Posted February 23, 2019 3 hours ago, elephant said: Group is a closed group, have you joined it? Surely its a breach of GDPR? Click on the report group button though and there are no suitable reporting reasons to select. Indeed. Quote Link to comment Share on other sites More sharing options...
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