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 (1465 views)
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9 Comments

1. paul said...

Foxtons still filed its accounts late to Companies House. What's going on there we wonder?

Thursday, December 24, 2009 10:08AM Report Comment
 

2. Righttoleech said...

Why do I want to win, Foxtons or Landlords? It's like choosing which disease you would rather die from.

Thursday, December 24, 2009 10:22AM Report Comment
 

3. righttoleech said...

Who do I want to win? Foxtons or Landlords? It's like choosing which disease you would rather die from.

Thursday, December 24, 2009 10:23AM Report Comment
 

4. paul said...

@righttoleech

Haha. That's fuinny. Same here - which do I hate more?

Thursday, December 24, 2009 10:39AM Report Comment
 

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.

Thursday, December 24, 2009 11:48AM Report Comment
 

6. doomwatch said...

Paul, same as Mr "F00king" Ramsay. Perhaps a spot of cooking is going on ?

Thursday, December 24, 2009 01:44PM Report Comment
 

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.

Thursday, December 24, 2009 02:29PM Report Comment
 

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.

Thursday, December 24, 2009 03:12PM Report Comment
 

9. techieman said...

good luck krustie ! But dont rents only ever go up

Thursday, December 24, 2009 05:14PM Report Comment
 

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