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Mike Hall
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Recent Activity
Hit it in one Robert. Politics of Envy. This immoral law needs challenging and all those affected need to get together and resist paying above the usual council tax rates as the changes should not have been retrospective, especially if when these 2nd homes were purchased the extra stamp duty had been paid.
From:
Mike Hall
26 March 2024 09:15 AM
That's a bit rich, I know all the details mentioned above in respect of any properties that I own and certainly would not need a solicitor to provide that information.
From:
Mike Hall
25 March 2024 08:46 AM
The high Standing Charges are also a form of theft and need abolishing.
From:
Mike Hall
22 March 2024 08:26 AM
Sad. I. Q......
From:
Mike Hall
19 March 2024 09:07 AM
Silly remark about it increasing homelessness. Somebody will buy the previously let property and make it their home so it balances out.
From:
Mike Hall
08 March 2024 09:07 AM
West Oxfordshire Council have also confirmed they will do this on second homes from April 2025. It is nothing short of envy induced theft.
From:
Mike Hall
19 February 2024 10:16 AM
Having been a lifelong Tory voter, I cannot wait to see this Current Liberal/ Communist sham Conservative in name only, government confined to history.
From:
Mike Hall
19 February 2024 08:48 AM
Of more concern is preparing for the next government.
From:
Mike Hall
17 February 2024 10:09 AM
Exactly, even under Labour we had indexation allowances. This government is so un-conservative.
From:
Mike Hall
10 February 2024 16:07 PM
Interest rates should have been increased long before Truss was PM. Near Zero rates for so long was crazy.
From:
Mike Hall
07 February 2024 10:55 AM
Like the current Communist government doubling council tax on second homes, you mean.
From:
Mike Hall
01 February 2024 08:55 AM
It's not landlord control but Population Control this country needs.
From:
Mike Hall
10 January 2024 10:26 AM
Instead of conspiring against people who wish to invest in property, wouldn't it be more sensible to just encourage more homes to be built?
From:
Mike Hall
10 January 2024 10:16 AM
It would be far better if the UK kept out of other country's affairs and put our own house in order first. We are not the powerful nation we used to be and our own citizens should come first for a change.
From:
Mike Hall
06 January 2024 11:08 AM
Buyers don't need to have found a property to buy before obtaining a mortgage offer in principle. I have done it, knowing the maximum amount I was able to borrow and then finding a property I know I am able to proceed with, just subject to lender's survey, which is almost always accepted so long as the property is sensibly priced and the buyer is coming up with a reasonable deposit.
From:
Mike Hall
28 December 2023 11:45 AM
I am doing the same as you. I will not be reletting once my current good tenants leave, which is likely to be in 2025.
From:
Mike Hall
13 November 2023 09:48 AM
Prices are not falling, just not rising at the rate they did over last two years.
From:
Mike Hall
09 November 2023 08:25 AM
I have good tenants too George and have never increased the rent for an existing tenant in over 30 years of being a landlord. However, times have changed and I am just hitting my tenants with a 33% increase WEF January next and that will still be a lot below what local agents claim they can get for my property. Three reasons for such a large increase.. 1, They went in Nov. 2019 on a modest rent hoping to buy the property from me during the following 12 months but Covid killed that for them. 2, I dare not risk the government, that is so anti landlord, imposing a rent freeze when my rent was so modest. 3, If I sold the property and invested the money in year 6% bonds, I could get just as much income without any grief and that is even after paying a very substantial CG Tax bill. My tenants are aware of these reasons for the large increase and chose to stay because it is still a reasonable rent for the property and this is a fact, not more twaddle George, although most of the times I agree with your comments.
From:
Mike Hall
31 October 2023 13:50 PM
A little Common Sense at last. Now they need to stop the boats.
From:
Mike Hall
20 October 2023 18:27 PM
You make a good point Ellie. I had a property prior to the introduction of Section 21 and the only people I would let to in those days, were American Forces personnel, based in the UK for a set period, so I could be confident of not losing control of my property indefinitely. The same will apply again for many landlords, once Section 21 has gone. I plan to stop letting altogether in a couple of years or so anyway because it's just not worth all the red tape.
From:
Mike Hall
23 September 2023 11:33 AM
You have a good point.
From:
Mike Hall
12 August 2023 23:53 PM
I bought an investment property in 1983 but kept it empty for a few years, then let it to American Forces personnel because I new they would leave in due course. Then section 21 came into play and I was confident to let to UK people from then on. I have never used section 21 and people have moved out at their convenience. However, I am not planning on being dictated to by this Woke, un-Tory government, so it will soon be another property without a tenant. If I sold now I could obtain as much in interest on the capital as I am taking in rent and that is after paying a large CGT bill of approx £70k+. However, I have no intention of paying CGT this decade and then Inheritance tax on the balance in the next decade, so plan to downsize by selling my main residential home, completely free of CGT and then move into my currently rented house as my main home. I realise this would not work for most landlords but it will work well for me. However, I would have been prepared to go on letting my property, had war not been declared against private sector landlords.
From:
Mike Hall
12 August 2023 17:47 PM
This has been the law for at least 5 years now, so hardly news unless you don't bother checking Right to Rent when accepting new tenants.
From:
Mike Hall
08 August 2023 07:27 AM
Is the Renter's Reform Bill undeniably crucial to the future of our private rented sector? I feel the private rental sector would have a far better future if the Renter's Reform Bill was scrapped completely. I completely agree that George Osborne has done the private rented sector no favours with his crazy section 24 and his stamp duty levy.
From:
Mike Hall
05 August 2023 10:40 AM
Don't you mean Homebuyers? The Home owners have nothing to worry about. What is disgraceful, was leaving interest rates almost non-existant for far too long, Rates should have been raised as soon as inflation looked like going over 2% but this was ignored by an incompetant Bank of England Governor
From:
Mike Hall
22 June 2023 16:32 PM
"this current non tory Government and the incompetency of the Bank of England over the last 15 years" sums up the current situation very well.
From:
Mike Hall
20 June 2023 10:44 AM
You are so correct. I have kept my only rental property at a very modest rent. In fact last year I let the tennants chose the rental figure increase they were comfortable with, which I accepted. Now as interest rates on 1 years fixed rate deposits are available at well over 5%, I need to increase the rent by 20% just to get the same income as I would from selling it and investing the capital. This is after factoring in 25% of the sale value going to CGT and investing the balance. If I cannot obtain this increased rent then I will sell the property as I am in my 70s and I do not expect to see any substatial increase in the value of the property for the next few years, so cash has to be king.
From:
Mike Hall
20 June 2023 09:56 AM
I have to increase the rent on my property by more than 10% soon. I have let my property at well under market rent for years but now I need approx. 12% increase as I can get more by selling it and putting the cash in a 5% bond. That's after paying large CGT charge. Tenant not aware yet but they accept increase or leave. Not here to be a charity and bet I am not alone in this situation.
From:
Mike Hall
25 May 2023 09:44 AM
The problem is our current government are Tories in name only. In fact as much as I hate to say it, this current bunch are more left than Blair and Brown's period. Only problem now is neither Labour or Conservatives have enough good guys to sort this country out. I do hope Reform party get going properly for the next election else I just will have nobody to vote for.
From:
Mike Hall
08 April 2023 21:07 PM
Absolutely disgusting. Why not force people with a second car to give free rides to neighbours or face double car tax. Most second home buyers will have already paid an extra 3% stamp duty. If I. Choose to spend my money on a second home the I will already be paying council tax on two properties, unlike many dropouts who get council tax exemptions.
From:
Mike Hall
30 November 2022 10:05 AM
Unfortunately, we no longer have a real Conservative government. There are a few true blue MPs left but most of them are now more left than Labour and so easily influenced by the Woke, Liberal society. Ex PM Johnson is an example, with most of his family being strong Liberals and his wife being more green than a cabbage.
From:
Mike Hall
12 November 2022 12:48 PM
I have no problem with retaining the 20% tax band but they need to unfreeze and reinstate indexing the Personal Allowances in line with inflation. That way all tax payers are treated fairly.
From:
Mike Hall
17 October 2022 12:19 PM
I bought my first investment property back in 1983 and would only let it to American service personnel as I knew they would not be there indefinitely. It was only a few years later when the equivalent of section 21 was introduced that I was prepared to rent to others. I have never evicted or used section 21, leaving my tenants to leave whenever it suited them. However, if section 21 is being taken away then I will take my property back before it happens, I will not be dictated to regarding my property like that. So much for this sham of a government, they certainly are not Conservative. Reform UK get my votes in future.
From:
Mike Hall
02 February 2022 00:54 AM
Whilst this is all fairly comprehensive, it would have been a fuller picture to have included property appreciation over a certain timescale, for each or the stated areas. My let property is in a rural area with a modest rent, but it has appreciated far more than the rental income over the last two years; quite possibly moreso percentagewise, than properties in some urban areas.
From:
Mike Hall
22 January 2022 11:54 AM
Since it now appears to be PM's Green wife calling the shots, I would not feel too relaxed about it. Johnson himself is clearly Liberal, not Tory. Reform Party for me next General Election,
From:
Mike Hall
26 October 2021 09:22 AM
They could perhaps sacrifice their latest iPhones for a cheaper variety.
From:
Mike Hall
22 September 2021 10:07 AM
You make good points Clare and I have had that happen to me but fortunately that was in the days when I was able to take and personally hold a decent deposit. I was therefore able to deduct costs in respect of the pet damage incured . Perhaps I could get around it by charging the higher rent in the contract but offer a refund on a regular basis, following an inspection to ensure there was no obvious pet present or pet damage caused.
From:
Mike Hall
07 September 2021 15:07 PM
Would there be anything stopping a landlord from charging a lower rent for tenents with no pets? Or in other words charging a higher rent if a pet was residing in your property!
From:
Mike Hall
07 September 2021 14:29 PM
Sorry, my reply above, was intended to be a reply to Nida Obaid.
From:
Mike Hall
07 May 2021 11:12 AM
This is so wrong. I'd hate to think of what I would do if I was in your situation because I am not over patient. I had bad tenants in 2019 and was about to sell my rental property last year. Covid stopped my sale going through and I am now pleased in some respects, as the property has increased in value. Hopefully your property will have also increased in value, which should hopefully soften your frustrations. I do feel for you though as it is nothing short of theft.
From:
Mike Hall
07 May 2021 11:10 AM
I am in my 70s and have a buy to let house I was planning on selling last Autumn, to my existing tenants, but this has fallen through due to Covid. Since I have owned it since the early 1980s I would be subjected to a large CGT bill, most of it at 28%. It's then most likely that I would pay a further 40% of the net sale proceedings, in IHT within the next decade or two. I do not wish to continue being a landlord, mainly due to all the new Red Tape of recent times. If CGT is increased, I will keep the rental property and will simply turn it into a second home for both myself and my family. It is most likely that the overheads of keeping it as a second home for the rest of my days, will amout to less than the CGT I would have to pay, especially if the CGT rate is increased. There is a limit to the amount of new legislation and taxation landlords will accept, yet this government continues to exasserbate the rental housing situation by their constant landlord contempt.
From:
Mike Hall
26 February 2021 10:30 AM
Shehadeh - who lives in the Qatari capital, Doha
From:
Mike Hall
19 February 2021 12:18 PM
I'm not too concerned by all this Green nonsense, it will soon change back to reality once Boris changes his woman again and I doubt that will be too long.
From:
Mike Hall
10 December 2020 16:28 PM
It doesn't have to be a choice between getting into debt or putting food on the table. It could be choice between paying the rent or cutting back on fancy mobile phone contracts, subscription TV, smoking, and trips to the pub or buying alcohol, meals out, pandering to spoilt children or even making do with second hand things until they are able or prepared to, dare I say it, find a way of making or earning some money for themselves. I was a child in the 1950s my parents were poor and my brother and I were clothed in second hand clothes mother bought via a clothes bank. Yes, they still had to be paid for. My first bike was salvaged from the tip and we made our own entertainment. I left school just turned 15 old and worked for £3.75 a week, of which my mother took over half for my keep. I grew up fully understanding the value of money, worked hard, two jobs, one full time the other part time and made every penny count. I was just 21 years old when I bought my first house. I am now retired with several properties and am financially comfortable, but only because I continue to watch what I spend, I have never had a high income. If I can do it with no education or inheritance, then so can others. The "must have it now" expect everything for nothing generation has to change. The problem is caused by the state making things far too easy for those who prefer not to pay thier own way in life. It is long overdue for people to take responsibility for themselves. Sure there are times when some of us need help but this should be for the short term (unless they are disabled) and certainly should no longer be a lifestyle choice.
From:
Mike Hall
16 November 2020 10:48 AM
No point commenting as it only gets deleted.
From:
Mike Hall
05 March 2020 11:42 AM
People need to be much more guarded about anything advertised before handing over money. A few years ago my son answered an advert for a car that was advertised on Gumtree. It was priced a little to low to be real but being young, my son aranged to buy it and was advised to take the £4000 in cash the next evening to the address provided in the London area. When he could not find the exact address, (no doubt it didn't exist) he phoned the guy and explained where he was and was told to stay there and they would come to him. A few minutes later two dark skinned guys arrived, shoved a gun in my son's face and demanded the £4k. Fortunately he had left the cash in his car with his wife and it was a couple of hundred yards away. He refused to take them to his car as he did not wish to endager his wife. He was then bashed on the head several times with the gun but following a distraction, he managed to escape, ran to his car and his wife had to drive him to hospital, where he was detained because of his head wounds. The police were advised but nothing came of it yet the same advert was still showing on Gumtree over a week later with no action taken by the police. It's not just fake landlords people need to be wary of.
From:
Mike Hall
03 March 2020 20:06 PM
Too much is now stacked against the landlord. Although I have never needed to use it, I decided to get out of letting when the end of Section 21 was announced, that really was the last straw as far as I am concerned.
From:
Mike Hall
21 February 2020 12:37 PM
Just more pressure on Landlords. I'm selling up my rental properties before this will affect me and this just helps to reinforce my decision.
From:
Mike Hall
24 January 2020 13:17 PM
I am still selling my rental property this year. The cash can go into equities.
From:
Mike Hall
03 January 2020 10:24 AM
I have owned property since pre 1988 and only decided to become a landlord when the Section 21 act came in. I have never needed to use a Section 21 but have now decided to sell up with the pending loss of Section 21 being the deciding factor.
From:
Mike Hall
30 September 2019 09:46 AM
I've been a landlord for over 30 years and would not dream of letting to anyone on benefits. However, with all the anti-landlord changes that have been introduced recently and the most likely end to Section 21, I have decided to sell up my rental properties. It is now impossible to plan properly with all of the changes coming through constantly, and God help landlords if Labour ever get into power. I'll spend the money on a larger home (which I don't need) for myself.
From:
Mike Hall
18 September 2019 11:23 AM
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Breaking News
Changes to Renters Reform Bill after Easter
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