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Mark's  Personal Profile View my company profile

Mark Wilson
Mark Wilson
Managing Director
6364  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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

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

From: Mark Wilson 16 June 2020 13:18 PM

Mark Wilson
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

Mark Wilson
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

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

From: Mark Wilson 12 June 2020 09:27 AM

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

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

From: Mark Wilson 04 May 2020 09:21 AM

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
The chances of this happening are zero!

From: Mark Wilson 29 April 2020 10:02 AM

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
German government considers introducing no residential evictions before July 2021

From: Mark Wilson 07 April 2020 10:29 AM

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
I am just standing back and looking at the reality.

From: Mark Wilson 17 March 2020 13:46 PM

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
Possession Friend, you beat me to it!

From: Mark Wilson 31 January 2019 10:36 AM

Mark Wilson
Judge Judy consumerist nonsense!

From: Mark Wilson 14 November 2018 09:05 AM

Mark Wilson
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

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

From: Mark Wilson 25 September 2018 09:34 AM

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
This cant be surprise news to anyone.

From: Mark Wilson 26 April 2018 08:42 AM

Mark Wilson
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

Mark Wilson
Surprisingly optimistic for the future?

From: Mark Wilson 21 July 2017 08:38 AM

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

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

From: Mark Wilson 04 July 2017 12:47 PM

Mark Wilson
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

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

From: Mark Wilson 04 July 2017 12:42 PM

Mark Wilson
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

Mark Wilson
This is not a credible article.

From: Mark Wilson 16 June 2017 09:17 AM

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

From: Mark Wilson 12 June 2017 11:00 AM

Mark Wilson
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

Mark Wilson
The past is no indicator of the future.

From: Mark Wilson 02 June 2017 09:17 AM

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

From: Mark Wilson 12 May 2017 09:30 AM

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

From: Mark Wilson 12 May 2017 09:14 AM

Mark Wilson
Is this a long advert?

From: Mark Wilson 10 May 2017 08:36 AM

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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

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

From: Mark Wilson 02 March 2017 17:08 PM

Mark Wilson
Chasing yield has risks of its own.

From: Mark Wilson 06 January 2017 11:14 AM

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

From: Mark Wilson 16 December 2016 12:26 PM

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

From: Mark Wilson 09 February 2016 10:15 AM

Mark Wilson
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

Mark Wilson
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

Mark Wilson
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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