x

Nick Duncan

467 Profile Views

About Me

my expertise in the industry

Nick's Recent Activity

Pointless for a good number of Landlords when Mortgage terms forbid HB.

From: Nick Duncan 01 September 2021 07:50 AM

But in London there is the 90 day rule

From: Nick Duncan 22 June 2021 07:16 AM

Another money grabbing exercise, licensing has done nothing, the rogue Landlords will always hide. In neighbouring Brent, in 2019, just 2 Landlords were prosecuted.

From: Nick Duncan 20 May 2021 08:57 AM

Tenants aren’t fleeing London, certainly not in NW2 and most of mine have renewed at pre pandemic prices. That said, I dropped a first floor studio by £100 and the next day it went at £1005 PCM so, yes, some are dripping in price but those with gardens have weathered well.

From: Nick Duncan 19 May 2021 11:13 AM

I agree, my agents are extremely picky. None of my mortgages allow HB Tenants and whilst agencies are banned from discriminating, this is what they tell them when an enquiry is made which is totally above board.

From: Nick Duncan 07 May 2021 09:32 AM

Will the councils fine themselves for the shocking state of som of their properties?

From: Nick Duncan 26 April 2021 09:24 AM

After the exposure regarding the shameful way Croydon Council treat their tenants, these councils should be liking in their own back yard.

From: Nick Duncan 25 March 2021 09:03 AM

Totally agree with you, my properties (NW2) are all full, my last new let were 2 in October, one reached a higher amount and a studio that was £1000PCM was re let at £975, no voids on either of them also.

From: Nick Duncan 18 February 2021 06:57 AM

So, a tenant who pays no rent, gets this little breather yet a landlord that cannot pay his mortgage, gets no help at all.

From: Nick Duncan 18 January 2021 10:03 AM

Typical Labour, in my borough, London borough of B(r)ent, it is just a licence to print money at £540 a pop for a 5 year selective licence. In 2018, this council made a record, 1 landlord conviction. As a licence holder you do not get to see where your money goes, you get no reports on successes, just an automated e mail once you’ve been suckered for the payment.

From: Nick Duncan 29 October 2020 09:04 AM

From: Nick Duncan 28 October 2020 11:11 AM

Certainly not in NW2, infact it’s the reverse and I’m still seeing same rents or a little more than when we were pre covid and there has been no affect to my properties without a garden.

From: Nick Duncan 15 October 2020 15:01 PM

Best to you and thanks

From: Nick Duncan 30 September 2020 13:37 PM

George is entirely correct, all they are doing is kicking the can down the road and passing on the problem which won't go away. Shameful.

From: Nick Duncan 28 September 2020 11:28 AM

Well, I have a blanket ban on DSS claimants and always will do until my mortgage terms change along with my buildings insurance.

From: Nick Duncan 14 July 2020 12:48 PM

I had 4 empty in April and May but as soon as restrictions were lifted they were all rented within days at a slightly lower rent (NW London)

From: Nick Duncan 08 July 2020 10:38 AM

Ok, so I take it that London councils will defer or scrap their ridiculous money spinning licence renewals.

From: Nick Duncan 26 May 2020 09:36 AM

Exactly and why wouId we serve a S21 unless selling up.

From: Nick Duncan 13 January 2020 20:43 PM

In my Borough in London with licences in place for the last 5 years, they have done nothing and in 2018, just one prosecution. A licence to print money is all it is.

From: Nick Duncan 20 November 2019 08:59 AM

I fully agree to this, my agents in Brent are absolutely superb, fully legal but on the same high street I know that there are others operating outside of the law.

From: Nick Duncan 30 September 2019 08:52 AM

As above, it was a tax grab whilst trying to appease FTB which has miserably failed.

From: Nick Duncan 12 September 2019 16:48 PM

Cllr Savva is totally out of touch, licensing has made no difference at all in my London Borough with a grand total of 2 convictions over the last 2 years. None of my HMO’s have ever been inspected in 5 years. It is just money for old rope.

From: Nick Duncan 10 September 2019 18:33 PM

My mortgages don’t allow for HB but even if they did, all I see is increased risk, I don’t see any benefits at all. I am fortunate that I can pick and choose my tenants. If S21 is abolished or is made harder to get tenants out, then unfortunately, those with only impeccable references including long standing and provable LL references will be chosen.

From: Nick Duncan 24 August 2019 07:02 AM

My agents informed me that they were going to charge me £200 fees per tenancy but increase the rent to cover this. They have but I don’t believe they should be as I’ve kept them slightly below market with no voids at all so I’ll be moving on to an agency with no tenant fees.

From: Nick Duncan 01 August 2019 17:04 PM

You’re missing the point, a AIIC Inventory company offers impartiality. In 20 years with my portfolio I’ve not had one dispute and any monies kept by me were fully agreed by the tenant.

From: Nick Duncan 01 August 2019 16:58 PM

This isn’t news, a lot of drum banging. Landlords will be weighing up their odds after S21 has been “reformed” unless your properties are in an undesirable area why wouid you take HB risks when you can have a vetted professional tenant in with a rent guarantee.

From: Nick Duncan 12 June 2019 09:44 AM

With the online referencing agencies such as Openrent and pass the keys , I can see many landlords moving over to this one stop service.

From: Nick Duncan 29 May 2019 09:07 AM

Section 24 is fully to blame here

From: Nick Duncan 23 May 2019 08:59 AM

With regards to funding, I pay £540 per property for selective licensing and nearly £1000 for an HMO licence. In 3 years there has been no contact from the Council either to inspect or make further queries on. Where is this money being spent on? My Council has an extremely dubious past re cronyism and back handers. Us licence payers do not even have any information on where the monies have been spent or the success rates of prosecuting rogue landlords. Money for old rope?

From: Nick Duncan 01 March 2019 10:55 AM

Breaking News