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Mark Wilson

Managing Director

9352 Profile Views

About Me

I am a member of the Royal Institution of Chartered Surveyors and an RICS Registered Valuer.

my expertise in the industry

I am a member of the Royal Institution of Chartered Surveyors and an RICS Registered Valuer, Managing Director of Globe Apartments, a letting and management firm, of 45 Chiltern Street, London, W1U 6LU, which I established in 1981 and also the managing director of a more recently established business, myleasehold Limited, of the same address, who specialise in Leasehold Reform valuations advising Landlords and Tenants.

Globe Apartments is an estate agency business dealing with residential property lettings and management in the Central London area. Outside of Central London, the firm also manages a number of residential portfolios. I have specialist knowledge and experience in carrying out market valuations for both capital and rental purposes, lease extensions, enfranchisement and private treaty sales.

I am an ex member of the Royal Institution of Chartered Surveyors’ Residential Lettings and Management Working Group and have previously been an executive committee member on the board of the Association of Leasehold and Enfranchisement Practitioners (ALEP).

Mark's Recent Activity

A bad tactical move by generation rent

From: Mark Wilson 16 September 2021 06:54 AM

I agree Joanna, agents are the worst for disrespecting tenants privacy. It is as you say, part down to poor training

From: Mark Wilson 14 September 2021 06:45 AM

If anyone is surprised then they have been looking the wrong way for some time. Coming soon to a buy to let Landlord near you!

From: Mark Wilson 23 August 2021 09:18 AM

Buying back property, which in many cases is sub standard sounds like a solid commercial plan.

From: Mark Wilson 15 July 2021 06:40 AM

Articles like this just make me laugh!

From: Mark Wilson 25 June 2021 06:59 AM

Stupid article!

From: Mark Wilson 23 June 2021 06:47 AM

That is the Government's plan. Has been for years.

From: Mark Wilson 21 June 2021 11:22 AM

BTL - Exit via the gift shop

From: Mark Wilson 17 May 2021 10:12 AM

local rents are ”out of control and disproportionate to incomes''. This is a problem that isn't going away.

From: Mark Wilson 27 April 2021 08:46 AM

Horrible story!

From: Mark Wilson 23 February 2021 09:31 AM

I anticipate rent controls regardless of the Mayor. Anyone really surprised?

From: Mark Wilson 18 February 2021 09:26 AM

I think you will find it will be the opposite, the ripple effect and rents will drop everywhere.

From: Mark Wilson 17 February 2021 09:11 AM

Yup, said this months and months ago!

From: Mark Wilson 16 February 2021 09:59 AM

I suspect they will have their way.

From: Mark Wilson 09 February 2021 09:04 AM

From my experience student housing is a rip off.

From: Mark Wilson 08 February 2021 08:43 AM

Its the students who should stay clear of university and all the trappings that go with it including BTL speculators. My three kids have had poor value and service for the money.

From: Mark Wilson 03 February 2021 12:16 PM

The worst face is on here too in spades!

From: Mark Wilson 03 February 2021 12:14 PM

was it really needed in the first place?

From: Mark Wilson 02 February 2021 08:58 AM

“This is a complex issue that is determined on a case-by-case basis highlighting the need for landlords to get advice from a professional letting agent.” Who writes this stuff?

From: Mark Wilson 29 January 2021 08:50 AM

George, I thought the beginning of the end started some time back. This is the power of the people.

From: Mark Wilson 22 January 2021 08:54 AM

No wonder you are posting here if this is you see things!

From: Mark Wilson 15 January 2021 10:23 AM

Exit via the gift shop!

From: Mark Wilson 14 January 2021 08:49 AM

I suspect that you might be right.

From: Mark Wilson 14 January 2021 08:48 AM

Robert, I think you will see the opposite, rent controls are on their way.

From: Mark Wilson 13 January 2021 17:59 PM

If rents are strong I cant see how it will last.

From: Mark Wilson 13 January 2021 08:38 AM

No Robert, and a stupid comment, matters outside any expectation.

From: Mark Wilson 11 January 2021 19:59 PM

I read your comments and laugh! Retribution? What a stupid thing to say! Storm parliament!

From: Mark Wilson 11 January 2021 10:01 AM

Closing in from every side. Funding my youngest through Uni, I'm in!

From: Mark Wilson 11 January 2021 09:58 AM

What you planning? To storm parliament?

From: Mark Wilson 11 January 2021 09:56 AM

Not much good news for students, not half. They and their parents have been ripped off for years from every part of the chain, housing included. Treated as fodder is the word that comes to mind.

From: Mark Wilson 07 January 2021 08:45 AM

I am sure he will be upset, I say that, as I also understand he follows this site almost religiously and gets most of his ideas from the wisdom coming from this forum.

From: Mark Wilson 07 January 2021 08:41 AM

Mr Crisp, out of the 10 people that read this stuff you are the most disengaged with reality.

From: Mark Wilson 06 January 2021 22:45 PM

The housing market is broken. Too many speculators putting home ownership out of reach for most.

From: Mark Wilson 06 January 2021 07:41 AM

An article for the dreamers!

From: Mark Wilson 05 January 2021 08:42 AM

Wages and property values are out of alignment, partly due to ultra low interest rates and too may speculators driving up prices chasing yield. The removal of mortgage tax relief is the start of rebalancing the market.

From: Mark Wilson 04 January 2021 14:17 PM

I have to say I agree!

From: Mark Wilson 04 January 2021 09:57 AM

This needed a foundation to reach such conclusions?

From: Mark Wilson 30 December 2020 10:01 AM

This group is just so out of tune, exit via the gift shop.

From: Mark Wilson 21 December 2020 09:29 AM

Too much time on your hands

From: Mark Wilson 18 December 2020 23:35 PM

Good luck Robert, sweet dreams.

From: Mark Wilson 18 December 2020 15:04 PM

Never say neve and like commercial landlords BTL will take a kicking, as have tenants.

From: Mark Wilson 18 December 2020 09:00 AM

The NRLA is a pointless organization, I agree.

From: Mark Wilson 07 December 2020 21:28 PM

Easier not to pay the rent. In most cases what can a Landlord do in any event? I don't readily understand a tenant can agree to pay of arrears when they may not have a job or the income level as before. Hollow promises doomed to failure.

From: Mark Wilson 07 December 2020 09:19 AM

For once an objective posting! Is this a trend?

From: Mark Wilson 02 December 2020 08:53 AM

Love the optimism!

From: Mark Wilson 30 November 2020 10:00 AM

OK rents wont fall, but they have in London by 25%?

From: Mark Wilson 26 November 2020 12:59 PM

Not really the big picture, more the point rents will fall. A freeze in public sector pay, it will happen every. Yields will drop significantly.

From: Mark Wilson 26 November 2020 09:17 AM

What I did say is that there could be a ripple effect, starting in London.

From: Mark Wilson 16 November 2020 17:39 PM

From: Mark Wilson 16 November 2020 17:37 PM

Where one side has no money, how does this work? Sounds dubious at best!

From: Mark Wilson 16 November 2020 08:53 AM

Yup, I called the London decline 6 months ago. Rents down a third volume down 50%, letting agents' revenue down 65% to 70%. Its a mess!

From: Mark Wilson 16 November 2020 08:51 AM

Paul I have been saying this for months! Pleased to see you have come round to my thinking, despite the abuse. Exit via the gift shop!

From: Mark Wilson 10 November 2020 14:07 PM

ZZZZZZ, you cant get blood out of a stone.

From: Mark Wilson 09 November 2020 09:21 AM

Andrew you have your rose tinted glasses on today. Salary multipliers are too high, they use to be 3, 4 or 5 times in the 'good old days'. BTL speculation and ultra low interest are major reasons why owner occupation is not in the reach of many.

From: Mark Wilson 04 November 2020 09:40 AM

Better I stay out of this one!

From: Mark Wilson 03 November 2020 11:18 AM

Licensing a route to rent controls.

From: Mark Wilson 30 October 2020 08:34 AM

100% BTL renting out flats is not a business, ask HMRC, is their opinion worthless too? With the issues under consideration it isn't overly important anyway. It looks like it me that Landlords will get screwed, business or no business.

From: Mark Wilson 28 October 2020 14:11 PM

From: Mark Wilson 28 October 2020 11:20 AM

What a total load of nonsense!

From: Mark Wilson 28 October 2020 08:36 AM

No surprises here, nor the expectation for any help from the government (dream on). Market forces and a political lobby will beat the speculator as pricing power is being eroded. Outcome, unless you are Amazon and the likes everyone is screwed.

From: Mark Wilson 28 October 2020 08:35 AM

This will disappoint but cant be seen as a surprise. Shall we run a sweep stake on when rent controls will come in?

From: Mark Wilson 26 October 2020 09:48 AM

Location location location! In a covid world poorer tenants are surely more likely to default on their rent obligations, so is this article totally flawed?

From: Mark Wilson 23 October 2020 08:40 AM

of course you agree with me.

From: Mark Wilson 21 October 2020 16:39 PM

London is the start, I expect a ripple effect and the same will happen everywhere.

From: Mark Wilson 21 October 2020 16:38 PM

Old new, central London rents are taking a kicking. The maths for some agencies wont work in this new world - transaction volumes down 50% rents down 30% , revenue down 70%

From: Mark Wilson 21 October 2020 08:40 AM

Borrowing money to buy a property, to let it to a person who may likely lose his job, who would then not be able to pay his rent, and then you can't get them out. OK, I am liking the idea of this where do sign!

From: Mark Wilson 21 October 2020 08:37 AM

I have been saying from months rents in central London have taken a kicking. I would be surprised (it would make no sense) if any sector comes out of this unaffected.

From: Mark Wilson 21 October 2020 08:32 AM

I am on no ones side. I just see for what it is.

From: Mark Wilson 19 October 2020 09:47 AM

Payments plans will equal in many cases a Landlords dream that he wont have to write off rent as a bad debt, and mediation to do what? We are still in furlough, just wait a few weeks and the real implications of what has and is happening will start to unfold. A lot of people don't have any money!

From: Mark Wilson 19 October 2020 09:03 AM

Can't you see it's a food chain. landlords live off tenants, and in this case local government live off landlords. Dog eat dog. Anyone really surprised? I am sure there is more bad news to come.

From: Mark Wilson 16 October 2020 09:44 AM

From: Mark Wilson 15 October 2020 09:16 AM

Is it fair to say, as in most things the easy money has been made?

From: Mark Wilson 08 October 2020 08:29 AM

Every flat acquired to rent is on more flat out of owner occupation. Falling interest rates has pushed values higher as investor v's owners chase yield. It is not true to say raising a deposit has always been this tough. All you need to look at is the salary multiplier to an average salary to work that one out. The removal of tax relief was an attempt to the level field as are higher stamp duty rates. The last two years may demonstrate the damage speculators have caused to the owner occupation market, remove the tax gift and the investment becomes less attractive. Tax drives every investment and BTL is being hit. House inflation is a terrible thing for any economy. Removing the speculator is not a bad thing for society and government is acting. The easy money has been made, exit via the gift shop.

From: Mark Wilson 07 October 2020 15:05 PM

The NRLA make me laugh 'If the government really wants to support homeownership it should consider changes to the tax system to support and encourage landlords considering leaving the market to sell to first time buyers'. First time buyers have been squeezed out of the market in part due to BTL speculators. No wonder it is a lobby that is only talking to itself.

From: Mark Wilson 07 October 2020 09:41 AM

You might have said but it, but it sounds as flawed and lacking reality as do most of the posts here.

From: Mark Wilson 06 October 2020 21:46 PM

I will help you out. Want to reduce levels of unpaid rent? Lower the rent and problem solved or reduced. Like a company reducing its dividend. Cut you cloth accordingly. It’s happening already!

From: Mark Wilson 29 September 2020 22:05 PM

You don't need to stand back very far to see where this goes.

From: Mark Wilson 29 September 2020 20:57 PM

One easy solution-lower the rent.

From: Mark Wilson 29 September 2020 13:24 PM

Great point, I could see a situation where annual rents being subject to an RPI increase minus a % so they ease earlier over the years.

From: Mark Wilson 26 September 2020 17:48 PM

Don't worry, rent controls will be coming our way soo. I can't see how they can be avoided.

From: Mark Wilson 25 September 2020 18:48 PM

Andrew, nothing wrong in being an optimist!

From: Mark Wilson 25 September 2020 18:47 PM

Is the take away from this that in the new world BTL Landlords should assume that their income will fall? Like the dividend from a share, nothing should be relied on. With no gearing BTL Landlords can probably survive, those who added the risk of gearing may not be in such a good position.

From: Mark Wilson 25 September 2020 10:56 AM

And, on jealousy, not sure what you are talking about? Jealous of what? Owning a few more BTL flats? Sorry....not me.

From: Mark Wilson 21 September 2020 08:06 AM

What on earth are you talking about? Being a landlord will become an area of life that society will stamp out discrimination. If you run a business you can’t discriminate so why should housing be any different. Not sure where jealousy comes into this either. Society one way or another all move forward and BTL is firmly one for change.

From: Mark Wilson 21 September 2020 08:04 AM

Politically discrimination of any kind has to be outlawed, so your rights as a BTL speculator are always going to be secondary to society's intent. Mum and pop BTL, RIP.

From: Mark Wilson 20 September 2020 18:45 PM

I think history will prove you to be wrong in the extreme. Mr Crisp demonstrates the reasons w why bigot mum and pop Landlords are toast. He thinks owning a few grotty flats gives him rights above society.

From: Mark Wilson 19 September 2020 12:57 PM

Mixed messages from Government. That's something new.

From: Mark Wilson 18 September 2020 09:05 AM

Mr Crisp, I don’t seem to do anything except identify distasteful behaviour which you are a master.

From: Mark Wilson 17 September 2020 21:05 PM

I can’t show you they deleted it as it was offensive.

From: Mark Wilson 17 September 2020 21:02 PM

what, thought of scheming revenge as good advice? Sounds like a wast of energy to me.

From: Mark Wilson 17 September 2020 14:51 PM

Mr Crisp that's half the story, they deleted your message too as it was insulting. No surprise there.

From: Mark Wilson 17 September 2020 14:45 PM

not how it is preseneted!

From: Mark Wilson 16 September 2020 17:51 PM

haha they removed my post!

From: Mark Wilson 16 September 2020 17:02 PM

Mr Crisp it seems to me that help in your books is akin to vindictive retribution. Doesn't sound like help to me in any sense of the word.

From: Mark Wilson 16 September 2020 13:49 PM

zzzzzzzzzzzzzzzzzzzzzzzzz

From: Mark Wilson 16 September 2020 10:07 AM

I questioned this months ago - how will anyone be evicted if when the bailiff calls the occupier says they feel unwell with a cough? Guidance notes from Generation Rent on the subject to help tenants to follow?

From: Mark Wilson 15 September 2020 08:52 AM

I think the expectation of many here on what or how tenants could/should act when they have no money is total fantasy. Self preservation is two way street.

From: Mark Wilson 11 September 2020 16:09 PM

Mr Crisp finding revenge in others misfortune? Only his mother could love him.

From: Mark Wilson 11 September 2020 12:00 PM

So yields should rise? Are they? If they are is that short lived? Your reply reads in part that are agreeing with me. When you factor in 'added risk' how much gearing can your BTL speculation tolerate seems to be what you are saying. 2 years mortgage payments as cover is what you say. OK on the down side and whats the upside? Is that worth gearing?

From: Mark Wilson 10 September 2020 11:50 AM

Isn't the take away from this not to borrow to speculate as losses compound?

From: Mark Wilson 10 September 2020 09:50 AM

What unintended consequences do you foresee?

From: Mark Wilson 09 September 2020 16:54 PM

I agree, they want to get rid of mum and pop operators. If this site is a fair represent of them then it is no wonder.

From: Mark Wilson 09 September 2020 16:52 PM

Borrowing money to speculate is a high risk activity. Entrants should look at the downside as well as the upside.

From: Mark Wilson 07 September 2020 10:04 AM

How can there can a predictable market pattern before the end of furlough? Makes no sense to me at all.

From: Mark Wilson 07 September 2020 10:02 AM

In most cases being a landlord is commercial activity so the question of 'who took the trouble' is misleading. Its only done for personal gain.

From: Mark Wilson 04 September 2020 09:50 AM

Paul, you see it your way and i see it mine, but renting a property is not a business. It sure sounds like gambling to me to enter the market today as there are so many unknowns and even more unknown unknowns.

From: Mark Wilson 02 September 2020 12:53 PM

I don't see the attraction of becoming a new BTL speculator. An increasing lack of security of income and an in creased lack of liquidity, sounds like a mugs game?

From: Mark Wilson 02 September 2020 09:16 AM

Say what you want this is a forum for it, but don't set the bar off the ground as no one will protect private Landlords. I expect rent controls are next . And, on my contribution, it is not insignificant on both valuation and property letting and management. I am not anti anything I just think there is a reality check missing.

From: Mark Wilson 26 August 2020 14:17 PM

I didn't say it was a hobby, and i agree with BTL is an investment , a speculation for growth and on the mum and pops, so what, times change, and you seem to be ignoring the reality of the situation. The easy money has been made so if you want to stick this out, put up and shut up because no one is listening or cares other than the dreamers on this site.

From: Mark Wilson 26 August 2020 11:55 AM

Renting a flat is not a business for most it is a speculation. Don't worry about what Government will do if mum and pop landlords sell up. They don't want this sector to exist.

From: Mark Wilson 26 August 2020 10:57 AM

A Landlord group urges Government to support Landlords at this time! Who thinks up these ideas? Property speculation goes wrong, please help me out?

From: Mark Wilson 26 August 2020 09:37 AM

The law is the law Jeremy. A tenant may owe rent and there is a court system to recover. The system maybe crap but so are most things. Ask any would be first time buyer whats it like and what they think of buy to let speculators.

From: Mark Wilson 24 August 2020 09:35 AM

From where I see what is going on a wishful statement and expectation.

From: Mark Wilson 24 August 2020 09:32 AM

It seems to me the lobby is gaining momentum. Don't expect any help form central government, they are not your friends. Rent controls will be the next issue.

From: Mark Wilson 19 August 2020 09:31 AM

Its hard to feel positive about many things just now including the housing market. There are a countless number of blocks of flats being built in and around central London just now. They will come to the market in a world where wages have fallen and unemployment has increased.

From: Mark Wilson 13 August 2020 09:39 AM

Very doubtful statistics understating the problem.

From: Mark Wilson 12 August 2020 09:12 AM

A great city under pressure.

From: Mark Wilson 08 August 2020 15:03 PM

This site is for angry dreamers and optimists.

From: Mark Wilson 04 August 2020 10:01 AM

There is saying - don't chase yield - does it apply in BTL market? It makes sense that it will.

From: Mark Wilson 03 August 2020 10:37 AM

Can't you see housing benefit being cut as a cash save for the Government? @paul, BTW Paul i am always bang! Have a good weekend.

From: Mark Wilson 31 July 2020 13:30 PM

I am sure those who ask you are as interested as government is, zzzzzzzzzzzzz I doubt anyone asks you as mush as i doubt he data of this article.

From: Mark Wilson 31 July 2020 09:23 AM

Doubt the data, but regardless that was in a different era. So what?

From: Mark Wilson 30 July 2020 08:50 AM

Flooding the market (as the market alludes) will surely lead to an over supply - leading to lower rents and lower yields. Add to this that the tenants to fill these properties wont have jobs or their wages will have fallen, I am not so sure gearing up to speculate on BTL is such a winner. Add to that the potential problem in obtaining possession and this feels like an increase in risk. Maybe BTL needs a wealth warning?

From: Mark Wilson 30 July 2020 08:48 AM

Christopher i think you have got it in one. The sector is totally out of favour with Government.

From: Mark Wilson 29 July 2020 14:31 PM

Jahan what a shining example you are of getting on your bike. Yes, I like the Sheriff idea too as in the states they show up with a gun.

From: Mark Wilson 29 July 2020 09:26 AM

Dominic, looking at the various posts I spoke to soon and I apologise back that as I should have read more carefully.

From: Mark Wilson 28 July 2020 14:12 PM

Thank you Dominic, I posted the other week that those making offensive posts are Shelter and the likes best friends!

From: Mark Wilson 28 July 2020 14:10 PM

Dominic, if are you suggesting that the posts Mr Crisp makes on this site are appropriate then you also lack any credible objectivity. Are those who post their hate mail here as dreadful and bigoted in real life?

From: Mark Wilson 28 July 2020 12:49 PM

A real life example of what is wrong with mum an pop landlords. They lack objectivity and are unfit to take the responsibility of housing others. Not to be trusted!

From: Mark Wilson 28 July 2020 10:43 AM

Not in central London, rent are off 15%-25%. How can rent go up when everyone is earning less? Good luck on your projection. Nothing wrong with an optimistic outlook.

From: Mark Wilson 28 July 2020 09:35 AM

Tax income higher or capital gains? If one has got to give going into a depression isn't a one way bet?

From: Mark Wilson 24 July 2020 09:30 AM

This is going to be a very loud lobby for Landlords to contend with. Government are also in a tough position as they wont want to deal with the problems of homelessness evictions will cause.

From: Mark Wilson 23 July 2020 09:02 AM

Common sense tells me this is the likely outcome of a pandemic and the effect it will have on the economy. Tenants have a much louder voice than landlords, even if they like to shout here about how hard done by the are and how loathsome tenants are. That group will need a new mantra as no one of any importance is listening to them and they are in a small minority. It may well be the decline or demise of small private Landlords. Why, because society moves on and it doesn't tick the social and economic boxes of the day. The posts on here are generally written by dinosaurs, and we know what happened to them.

From: Mark Wilson 20 July 2020 08:45 AM

mr Crisp it’s a good thing only 3 people read these posts. Are you really as dreadful as you write?

From: Mark Wilson 18 July 2020 15:00 PM

The headline from Letting Agent today Investors won’t sell if CGT changes target buy to let - warning The headline from Landlord today Capital gains tax review could lead to ‘a mass exodus’ from the BTL market Yup it either is or it isn't!

From: Mark Wilson 16 July 2020 08:37 AM

Micheal i agree with you. Discrimination is socially unacceptable and government needs to legislate. Some people here have a very twisted outlook and if that really is their view, then laws need to exist to keep their anti social behaviour in check. Some of the comments are so repugnant that I wonder if the are a bit tongue in chief. If they are heart felt then they really are a grim bunch.

From: Mark Wilson 15 July 2020 12:43 PM

As I said this morning there are some less than savoury participants on this site and Mr Crisp takes the biscuit yet again. When one reads his messages and between them there is no wonder why the BTL sector has become marginalised and vilified by the populous. By public pressure Government is left no choice but to make structural changes. Mr Crisp congratulations, you are Generation Rent and Shelters best friend!

From: Mark Wilson 14 July 2020 16:47 PM

With mass unemployment on the horizon, tenants claiming benefit is only set to rise so the importance of this decision will resonate. Not surprising to see NRLA making totally unrealistic calls yet again. When are they going to learn that they are only backing losers, as are the less savoury participants on this site.

From: Mark Wilson 14 July 2020 08:40 AM

The government on behalf of the the country can not afford a property crash. The stamp duty discount may be enough to tempt some BTL speculators to purchase. Time will witness if that was a good move as the deepth of the economic decline is a total unknown. If the purchase requires funding the risk needs to be understood.

From: Mark Wilson 13 July 2020 08:44 AM

Paul , how come you are not being slated here for being some sort of renegade? I see the pitfalls plus the uncertainty.

From: Mark Wilson 10 July 2020 16:14 PM

It strikes me that now would be a good time to de-risk and reduce BTL holdings, rather than add to them. Financed investments come with extra risk so in such uncertain times one wonders why some landlords want the headache. Rents look likely to fall, unemployment is set to sky rocket and gaining possession in default looks problematic. If it goes wrong one might say you only have your self to blame.

From: Mark Wilson 10 July 2020 10:20 AM

I agree with the articles findings, although I think the drop in rents in understated. Tough times for agents as rents and transaction volumes drop.

From: Mark Wilson 07 July 2020 10:21 AM

The DPS was created to deal with a problem that in the main wasn't there. Therefore, and of course, they are not going to come up with systems and routines to make a Landlord's life simple. It is not in their interest. Like so many, if they never went back to work would they be missed?

From: Mark Wilson 24 June 2020 11:45 AM

Rental yields to 2 decimal places, I already trust them less. If a landlord changes a light bulb the yield shifts. Too much data!

From: Mark Wilson 24 June 2020 11:36 AM

I am sure every reader on this site is smart enough to let a flat in a fully compliant manner. However, if one scratched the surface, i am pretty sure that many landlords and their agents slip up some where dealing with a process that is absurdly complex.

From: Mark Wilson 19 June 2020 09:26 AM

If history repeats there could be a ripple effect, starting in London and then moving out across the rest of the UK. I recall in the early 90's the market had literally stopped in London, but the rest of the country had a very strong market. It didn't last.

From: Mark Wilson 18 June 2020 10:44 AM

Well the problem with averages is that they are just that. The stats also include single rooms, so it is a market I don't touch. Rents in central London are down post crisis 20% to 25%, so if they were at an all time high in March, they sure are not now. Do you think that with mass unemployment and falling wages that rents will rise? Good luck if you do!

From: Mark Wilson 18 June 2020 08:33 AM

Did you stop working? To qualify you cant do any work of commercial value.

From: Mark Wilson 16 June 2020 13:18 PM

This NRLA is all things to man kind! On this site the position clearer. I tend to agree, send the money.

From: Mark Wilson 16 June 2020 13:14 PM

It's self evident, of course low paid tenants are in financial trouble, Mr Kahn, do you not know this? I said months ago rents will drop 25% and the number of transactions will halve for agents. I would be surprised if i am wrong. I am I will admit it! To avoid the rhetoric, I am not ant Landlord, it's just a tricky sector to speculate in these days, especially if you have borrowed a lot, you are exposed. Your customer (your tenants) are going to have a rough time for some time, regardless of what you think of them. They will eat before they pay.

From: Mark Wilson 15 June 2020 08:51 AM

I would be very surprised Andrew if that is the case.

From: Mark Wilson 12 June 2020 09:27 AM

I mentioned on this site months ago that I had heard the German government were considering a similar action of banning evictions. No idea what they did. In the UK, if you take into account that Government would prefer a build to rent type letting market, with institutional Landlords, rather than mum and pop set ups, measures of the type suggested in the article would be easier to put into effect. Fair to say that the corona virus crisis has lead to problems for BTL investors that they never ever considered. The problem is amplified by the fact that many of these players have associated borrowing costs that need servicing. Borrowing by its very nature amplifies risk, which is why Joe public is advised never to borrow to buy shares. Banks lend on property but the underlying risk is with the borrower. The issue here is one of need and who is more deserving: Tenants need homes, even in these crazy times, whilst, on the other hand, some Landlords need money (rent) to pay the debts that facilitate market speculation. I am sympathetic to both, but not in equal share.

From: Mark Wilson 04 June 2020 11:46 AM

My firm are anticipating rents to drop by 30% (central London) and transactions down by 50%. Fee income on new business down by 60% -70%. Does that sound about right?

From: Mark Wilson 29 May 2020 08:31 AM

As a fundamental, demand I am sure will continue. On ability to pay, what with reduced income on the parent front I am not so sure that the sector will escape lower returns. Rents are set and are falling fast (in London anyway). Are students such fodder for Landlords that they wont pay less as well?

From: Mark Wilson 27 May 2020 08:49 AM

Students make a large part of the market in many locations and from my experience, as a parent paying for accommodation students don't receive good value and are a pretty soft target for Landlords. It will be interesting to see how the market adjusts. Resolute positions on a this site are just rhetoric.

From: Mark Wilson 26 May 2020 14:27 PM

To limit the level of student debt, debt that the Government will end up having to write off, it doesn't seem too far fetched that contracts entered into pre corona virus will have an implied force majeure clause, thus limiting the recovery of rent in arrears for students. Force majeure is a common contractual term, not used in tenancy agreements as this scenario was never imagined. I suspect it will become standard from now.

From: Mark Wilson 26 May 2020 09:33 AM

It will be very interesting to see how far rents fall. Very early days to spot any tren, but in central London my office is thinking circa 20%- 30%.

From: Mark Wilson 19 May 2020 09:35 AM

David, not sure if you serious. If you are then I suspect you will indeed have a fun filled time ahead of you. You know what they say- what ever floats your boat.

From: Mark Wilson 18 May 2020 12:21 PM

With rents falling prices will fall to match, so I suspect yields will not alter. I would also expect more Government intervention and the courts will be more reluctant to see people made homeless. So hard to know what is a bargain.

From: Mark Wilson 18 May 2020 11:12 AM

This is living proof data that people sit at home dreaming of what if. I am one of them. Will it lead to sales, of course a few, but far less that than the headline.

From: Mark Wilson 08 May 2020 09:00 AM

Who wants to join my sweepstake that with millions more out of work rents drop?

From: Mark Wilson 04 May 2020 09:21 AM

A section 13 rent increase is effected by agreement or Tribunal. With the abolition of section 21 Tribunals will have no way to deal with the thousands of claims, therefore a statutory formula will be the only solution. Now you may be thinking , no problem, RPI plus a % to something that will satisfy you. In my mind it doesn't take much to have a statutory rent review of plus RPI minus 1 or 2 percent. AKA rent control. Micheal you only need to look at the average age of first time buyer to now the world has changed . Back in the days there were no BTL landlords first off distorting the price of homes. Of course, and regardless the biggest cause of house inflation in recent years is the ultra low interest rates.

From: Mark Wilson 03 May 2020 18:30 PM

Michael, till recently one of the main attractions of BTL was that the tax treatment was very favourable. The regime is now less so. Lobbying pressure from a generation who are unable to buy a home with the same ease as their parents means new lines have and will be drawn. From my position, I would much rather have it that when my kids want to buy a home they are not competing with BTL property speculators pushing up demand and prices. The Abolition of section 21 will in itself will bring some form of rent control so the easy money has already been made and you seem reluctant to wake up to the fact and smell the tea.

From: Mark Wilson 03 May 2020 12:46 PM

I don't think speculation is a bad thing at all, it just isn't an activity that warrants government assistance. It is also not an activity that should not compete with home ownership. I must admit I find the word feckless totally derogatorily. Do you really mean it of the people you collect rent from. Definition: some lacking initiative or strength of character; irresponsible.

From: Mark Wilson 02 May 2020 11:22 AM

Surely society should promote home ownership first, and then property speculation, at the very bottom of the list.

From: Mark Wilson 01 May 2020 16:42 PM

I am sure there is pent up demand, what about ability to pay, massive job losses?

From: Mark Wilson 30 April 2020 10:55 AM

The chances of this happening are zero!

From: Mark Wilson 29 April 2020 10:02 AM

A very optimistic article based on historic data. It sure feels to me that we are in a new world. Last night spot oil had a negative value, that a first!

From: Mark Wilson 21 April 2020 08:59 AM

Majority of landlords and tenants ‘are concerned about rent payments’ I know sites like this need content, and I am one of a handful of readers and a fewer number who comment, but what is this article saying? Nothing at all!!!

From: Mark Wilson 16 April 2020 08:59 AM

Even though the article was published by the Guardian, the boot is firmly put in : 'Many renters feel they have no choice but to break social distancing guidelines and go out to work, just so their landlords can continue to profit. ' Real news or fake news? Unearned v's earned income? Its not about the rights or wrongs, it is about how much political traction the lobby can create, for example, I heard a news article that Germany was considering to stop all evictions until July 2021.

From: Mark Wilson 15 April 2020 15:34 PM

Don't worry Paul, rent control is round the corner. I expect it will become unavoidable.

From: Mark Wilson 14 April 2020 10:01 AM

I checked what this is about, Airbnb "hosts' offer their accommodation for free to key workers, which is amazingly generous in all regards, and ALL Airbnb do is use their platform to introduce. A good use of a networking platform that is redundant in the current climate and a good PR coup for a business coping with the anti-short let back lash. Good luck to them, but more importantly good luck to us in such a dangerous time.

From: Mark Wilson 13 April 2020 11:16 AM

Is Airbnb really responding? At a time where travel is at a virtual zero isn't this something in the fake news category? Is Airbnb actually paying the rent for key workers? The article isn't clear, I suspect not.

From: Mark Wilson 13 April 2020 11:05 AM

Andrew, just wondering how long you think a real dispute will take to come to a head? When the world is back to some sort of normality? When the court system will address possession cases, act on them and the bailiff attend to evict? It can't be less than 12 months, would it be reasonable that it could extend into years? There will/could be thousands of cases! What would stop the situation where Landlords would end up not only writing of the debt but paying tenants cash to go?

From: Mark Wilson 10 April 2020 11:16 AM

Only a 14% price reduction? If the economy is going to be as bad as they say, akin to the Great Depression, that is a very optimistic outlook.

From: Mark Wilson 10 April 2020 11:10 AM

Mathew, you are very upbeat. With wages clearly set to fall, unemployment rise to unknown levels, I am far less sure that prices will go up. I would much more understand rents dropping 30% and values close to that range or more. Anyway, Happy Easter.

From: Mark Wilson 09 April 2020 14:12 PM

Paul do you really 'not get where this seemingly societal attitude comes from!? Housing is not accessible in the way that it use to be. Generation rent, Leasehold knowledge Partnership have a platform and a voice. Government cant deal with the popularism of the cause and doesn't want to inherit the problem so they pass it back to property owners be they Freeholders or Landlords. You want the reward then take the risk. don't like the odds, then get out the game. Its a matter of choice. Don't worry about the credit risk of others or the lack of housing as that's not what the grievance is about. Its about getting money from a commercial relationship.

From: Mark Wilson 07 April 2020 22:56 PM

German government considers introducing no residential evictions before July 2021

From: Mark Wilson 07 April 2020 10:29 AM

Richard Donnell, director of research and insight at the portal company, says: “We do not expect any immediate impact on prices. - I don't think so? Who would pay the same price today for a property compared to 2 or 3 months ago? And a drop of 60% in sales headline, two optimistic statements!

From: Mark Wilson 26 March 2020 08:40 AM

And from there, isn't it likely that wages will fall and so will rents. Lower interest rates do not signify higher returns they explain lower returns.

From: Mark Wilson 24 March 2020 09:22 AM

How risky is a new letting today? Whats the prospect of receiving the second month's rent?

From: Mark Wilson 20 March 2020 08:34 AM

I am just standing back and looking at the reality.

From: Mark Wilson 17 March 2020 13:46 PM

Do most Landlords think that most tenants will continue to pay their rent? Do most Landlords expect that the courts will evict people until normality returns?

From: Mark Wilson 17 March 2020 09:06 AM

James and David, did you notice that the report failed to take into account corona virus.? Do you really think your tenants will have the ability to pay more rent? I don't think so!

From: Mark Wilson 12 March 2020 10:16 AM

Every market has its day, and this market has had its day. Why do readers of this site expect any concessions from Government so they can improve their profit margin?

From: Mark Wilson 18 February 2020 14:58 PM

Surprised its only one third, but an indicator however of the price impact BTL has on the market. First time buyers need to have access to the market.

From: Mark Wilson 30 January 2020 08:49 AM

Of course tenants break the rules! It redresses the balance as Landlords also want to get away with as much as they can.

From: Mark Wilson 29 January 2020 10:19 AM

Of course Buy to let landlords have their own self interests at heart and that is to make money. Forums where people of like mind meet is a great idea. Lobby government and have them listen, good luck. Is the supply of property relevant outside making profit if one is a landlord, not sure it is. Elected Government rightly or wrongly doesn't like mom and pop landlords.

From: Mark Wilson 03 January 2020 16:08 PM

Nothing wrong with a trade body . To expect Government to listen to your self interest is somewhat indulgent. BTL is no longer a desired commercial activity.

From: Mark Wilson 02 January 2020 16:03 PM

What is the detail of how rents will be reviewed on the back abolition. The introduction of some sort of rent control is my bet.

From: Mark Wilson 20 December 2019 13:55 PM

Articles like this are totally biased. How or why do speculator Landlords expect support from Government? Same old same old, buy to let has pushed up prices impacting owner occupiers and that is a far more important sector socially. I also doubt the data and the conclusions, is it anything more than fake news?

From: Mark Wilson 20 December 2019 13:49 PM

Probably good news for first time buyers and with conflicting data on what level rents are moving there may not be the shortage muted.

From: Mark Wilson 29 October 2019 08:34 AM

How do those renting for ever intend to pay their rent when they retire? The article seems to ignore ability to pay as part of the criteria. A naive article and a worthless piece of research.

From: Mark Wilson 23 October 2019 10:38 AM

Buy to let landlords are getting kicked because government doesn't want mom and pop landlords. They are too hard to control and administer, and if that isn't enough Generation Rent are too vocal and control the agenda. I never understand why Landlords take such umbridge. They have had it too good for too long, and all markets have their day.

From: Mark Wilson 09 October 2019 15:05 PM

HMO's sure sounds like a high risk area for passive buy to let Landlords. There is also the potential for untold regulation.

From: Mark Wilson 10 September 2019 09:38 AM

Too good for too long comes to mind. Things change! When I bought my first property to live in there was tax relief on interest payments. Buy to let Landlords today, I expect equity release will be the next sector to be hit . No one will see it coming but it will arrive.

From: Mark Wilson 14 August 2019 15:51 PM

With Landlords carrying the risk for non payment of rent in all circumstances what concession have the banks really made? Is this really news? I don't get it!

From: Mark Wilson 12 June 2019 09:05 AM

Rising rents will be a spur for government to introduce rent controls. It is obvious that Landlords will not be the beneficiary of regulation.

From: Mark Wilson 30 May 2019 09:13 AM

Market forces will prevail. Tenants can only pay what they have. Buyers set the price (rent) by what they pay not sellers.

From: Mark Wilson 14 February 2019 08:34 AM

Possession Friend, you beat me to it!

From: Mark Wilson 31 January 2019 10:36 AM

Judge Judy consumerist nonsense!

From: Mark Wilson 14 November 2018 09:05 AM

Like old times, I have heard of a Landlord who is looking for company let tenants.

From: Mark Wilson 27 September 2018 09:39 AM

RIP buy to let, it was good whilst it lasted.

From: Mark Wilson 25 September 2018 09:34 AM

My question is whether tenants have the ability to pay more. I suspect they don't and in the main Landlords will have to absorb the increased costs.

From: Mark Wilson 03 August 2018 09:19 AM

I think this is only the start of a long slow decline of buy to let.

From: Mark Wilson 19 July 2018 09:34 AM

The buy to let revolution grew out of the ability to obtain vacant possession. Once the ability, as of right, to regain possession is removed, the playing field will change. Generation rent carry a lot more weight than that of speculative Landlords, so i know where my money is going.

From: Mark Wilson 06 July 2018 14:31 PM

This cant be surprise news to anyone.

From: Mark Wilson 26 April 2018 08:42 AM

Any wonder why government is wanting to cool the sector? Will the next 20 years bring such returns? My money says no way!

From: Mark Wilson 29 September 2017 09:03 AM

Surprisingly optimistic for the future?

From: Mark Wilson 21 July 2017 08:38 AM

With wage increases failing to keep up with inflation the proposition of this article sounds flawed. I thought the general consensus in the industry is that rents are falling.

From: Mark Wilson 14 July 2017 13:23 PM

Why is every article on housing so totally self serving? The one family who spent £10,000 on repairs for example sounds like absolute nonsense. From my experience Tenants are not shy coming forward asking for repairs. With 73% of all statistics being made up they should be ignored. For example, I gather the justification for TDS was based on some very dubious data. Now that was a huge waste of time for RICS regulated firms such as ours.

From: Mark Wilson 14 July 2017 13:19 PM

Rents increased by .24% ?Are you kidding, this is not a money some that can be quantified. At best the header should read 'rents are on hold'.

From: Mark Wilson 10 July 2017 15:18 PM

I disagree. Ability to pay controls rents not Landlord's costs.

From: Mark Wilson 04 July 2017 12:47 PM

I do not agree with this self serving article as I keep reading that rents are falling. My own experience in central London is that they are.

From: Mark Wilson 04 July 2017 12:45 PM

Is this not the same 'news' article published here months ago?

From: Mark Wilson 04 July 2017 12:42 PM

I read an article last week concluding the opposite, that Landlords are using agent's services more?

From: Mark Wilson 20 June 2017 09:33 AM

This is not a credible article.

From: Mark Wilson 16 June 2017 09:17 AM

Who exactly is urging Government? Is it Landlords by any chance?

From: Mark Wilson 12 June 2017 11:00 AM

One day the market is expanding, One day it is contracting? Confusion has become the norm!

From: Mark Wilson 08 June 2017 09:19 AM

The past is no indicator of the future.

From: Mark Wilson 02 June 2017 09:17 AM

Just think how much more Buy to Let Landlords will contribute in years to come!

From: Mark Wilson 12 May 2017 09:30 AM

Just think how much more Buy to Let Landlords will contribute in years to come!

From: Mark Wilson 12 May 2017 09:14 AM

Is this a long advert?

From: Mark Wilson 10 May 2017 08:36 AM

Not a fan of the idea of rent controls. Did terrible things to the market in the past.

From: Mark Wilson 03 May 2017 15:01 PM

The article fails to to take into account the over supply of rental property both for long and short let. More supply= lower rents

From: Mark Wilson 10 April 2017 08:50 AM

I think rent will continue to fall in London and supply stay the same. I do not understand how Landlord's tax issues give tenants more money to pay rent? Their funds are finite.

From: Mark Wilson 07 April 2017 09:31 AM

But i thought rents were to go up as Landlords pass on extra costs? This article for a change makes sense.

From: Mark Wilson 13 March 2017 10:22 AM

Was there any prospect that the Chancellor would go back on the government's housing policy?

From: Mark Wilson 09 March 2017 09:06 AM

I would suggest that Landlord's returns are set to fall, rather than rents go up.

From: Mark Wilson 08 March 2017 09:22 AM

I challenge the writers of these self-serving articles to explain why tax changes will not mean that Landlords will have to accept, and deal with, lower rents on their speculative investments.

From: Mark Wilson 07 March 2017 09:53 AM

An alternative title for this article 'Government Housing Policy is Working'

From: Mark Wilson 02 March 2017 17:08 PM

Chasing yield has risks of its own.

From: Mark Wilson 06 January 2017 11:14 AM

There are too many grotty buy to let landlords out there.

From: Mark Wilson 16 December 2016 12:26 PM

I think this article is saying 'open a window'.

From: Mark Wilson 09 February 2016 10:15 AM

Lets hope they fail. Buy to let speculators are a blight to the residential market. First time buyers have been marginalised as they can not compete with the unfair tax breaks buy to let Landlords receive.

From: Mark Wilson 26 January 2016 09:40 AM

I agree with David Rose, I don't believe the survey nor any of the negative scare mongering that has been going on with on line petitions and the like. and articles on this site. Landlords have had it too good for too long. Look at the buy to let lending figures, record highs. Landlords are still wanting to take a punt on the market for growth which is most of what buy to let is about.

From: Mark Wilson 23 January 2016 19:17 PM

I am in the minority on this site, a voice supporting increased taxation in the buy to let sector. Be that as it may, when I read posts from long standing Landlords, as is the case today, spreading their financial woes, I don’t get it. Surely these long standing Landlords should be sitting pretty, and not phased by the removal of mortgage interest relief. The sector has had it too good for too long so it is only fair for some pay back. After 20 years of letting, unless continuing to build a portfolio, I wonder why or how any Landlord would be sitting with debt.

From: Mark Wilson 10 December 2015 16:56 PM

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