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kilbyhousing

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  1. The agency thinks I was trying to invoke a reaction by deformation of character. My review is purely based on experience dealing with them for over a year. The review reflects my feelings and opinions.
  2. I've been dealing with an estate agent for over a year, not as a direct customer. Because we have tenants in a block of flats that are arguing over noise. My Tenant has complained numerous times about noisy appliances being put on throughout the night. Which I reported to this management agent. The communication has been extremely poor. I left an extremely negative review based on my experience on AllAgents.com. I then get an email from the agency managing director threatening to take legal action if the review is not taken down. The agency said this is a council matter and I should not be contacting them with noise complaints. My argument is that the Tenant is violating the AST agreement by being a nausance during unsociable hours. The agency IMO has a duty of care to resolve the issue. Let me know what you think. Am I in the wrong?
  3. Listening to the recent podcast. I've watched a few youtube podcasts on these property training scams. Links below I found interesting;
  4. Hi all, This Ad popped up on my Facebook as a sponsored Ad. Has anyone been to these type of sessions before? I'm guessing there is a catch as the venue looks quite expensive looking at the clips. Regards, Craig
  5. Hi all, This Ad popped up on my Facebook as a sponsored Ad. Has anyone been to these type of sessions before? I'm guessing there is a catch as the venue looks quite expensive looking at the clips. Regards, Craig
  6. After viewing the property back in November, we are finally completing this Friday coming. It's been an unusual process and I am glad my persistence has paid off. Now to start all over again... Maybe later on in the year
  7. Hello Everyone. I thought I would update you all on my situation. I decided to use another mortgage advisor. I got in touch with Matt Cottrell @ Phoenix Mortgages who has set me up a mortgage offer with Precise Mortgages. No issues or dramas this time round. However I am not out the woods yet, I still have the solicitor searches and the other unexpected issues which may arise during the transaction. The first hurdle (major hurdle) is over and done with now. I am still unable to get a reason why TMW pulled the application. Either way, I managed to get a better deal with Precise Mortgages. Regards, Craig.
  8. Hi Stuart, I agree, It's not a good situation. This was the 3rd mortgage application/purchase last year with TMW. The other 2 applications went through just fine with no issues, the same information was sent. Maybe I was scaling up my BTL portfolio to quickly, purchasing 3 properties last year. I have to wait and find out what info my broker can obtain. Regards, Craig.
  9. Hi all, I want to gauge if anyone has struggled to get a mortgage recently? The mortgage works pulled out of the mortgage application and provided the following statement; The application has been declined by our head office. In this instance we are unable to provide further detail regarding the reason for the decline but will be unable to proceed with the application. The mortgage amount was £66,000 being purchased by my Ltd company. This is very annoying on my part, as I am financially & time committed and lost out on a very nice 1 bed maisonette. Regards, Craig.
  10. Hi all, I am scaling up my property investment portfolio. I have applied for 5 mortgage applications alone this year. This is taking a toll on my credit score, essentially halving my score to how it was at the start of 2020. The plan is to continue scaling up, potentially 2 mortgage applications planned for next year 2021. My question is; How do other investors deal with this situation with regards to hard searches affecting your credit score? Am I being too ambitious? Regards, Craig.
  11. Interesting Post. I have recently incorporated. I own 2 properties in my personal name and I currently in the process of purchasing another 2 properties under the Ltd company. I have gifted the money to my company for both purchases and both me and my wife have given "Personal Guarantees" for the mortgage. I never considered a loan to be repaid. If I am understanding this correctly, Releasing the money out the business is tax free, even before Corp tax? until the original loan amount is repaid back to me? Thanks, Craig.
  12. Hi Sean, I am having trouble with the EWS1 controversy. I own a 1 bed flat in a 4 storey building that is under 10 Meters. Currently trying to remortgage through the TMW. However the valuation come back as £Nil due to EWS1. The managing agent out rightly will not complete a EWS1 due to the building being under 10M height. However ,I have read the "Advice for Building Owners of Multi-Storey, Multi-Occupied Residential Buildings Supplementary note to advice dated January 2020" by the Ministry of housing. Advice 8. - 8.3 states; Does not have - or have provision for - adequate risk mitigation, and has been assessed by a suitably competent person as presenting an unacceptable risk to the life safety of residents, people in the proximity of the building, and firefighters, regardless of the height of the building I have asked my managing agent for evidence that adequate risk mitigation is in place so I can submit this to TMW. Advice 8.3 suggests any building that has some type of External wall system (EWS) is at risk of EWS1 requirements. Fortunately my mortgage advisor has a free Valuation report with TMW, so this little adventure won't cost me anything. If TMW does not come to an agreement, I will try Santander bank next. Just to add - My 1 bed flat, I don't believe has a EWS. It is just a render over concrete from what I can observe. The valuers are either not experienced or just being very difficult. Regards, Craig.
  13. Hi Scott, Congrats bro, I inserted your info into my spread sheet. very similar results. Good purchase!
  14. Hello all, I've heard on the property podcast about TDS being the next PPI claim. Well, while browsing social media I come across this Add below; The company is claiming they can easily check your current deposit status and previous deposits from historic tenancies within 6 years! A scary thought for some Landlords, especially if you started with a potentially dodgy Estate agent. Certainly looks like this will start being a real issue to landlords who may, unknowingly don't have the deposit correctly protected. I manage my tenants, and always followed the correct guide lines. However, I am curious if anyone has any advice to someone who may fall foul of this? And potentially looking at thousands in compensation to pay.
  15. Hello all, I have been viewing many properties lately and due to the EICR requirements, noticing more often than not, very outdated consumer units. I am no electrician, However I have found this article regarding 17th & 18th gen consumer units which may interest to some of you. https://www.electricblu.co.uk/do-landlords-need-metal-consumer-units/#:~:text=Currently%2C new tenancies will require,waiting until the last minute. https://www.tlc-direct.co.uk/Technical/DataSheets/Hager/Hager_17.pdf I am struggling to find major visual differences between 17th & 18th gen. Does any have insider knowledge what information on the fuse board details which generation? And potentially other warning signs to consider? which will prevent an embarrassing expensive future expense. Regards, Craig
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