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Dominic Tighe
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Simon / Margaret my point is that it makes no sense punishing landlords who have a higher occupancy and at the same time incentivising others to live in large houses alone. I agree it is a persons right to do with their property what they like but also recognise that that’s a privilege and privileges at the expense of others, as it is in this case, should not be incentivised. Instead give incentives to downsize and unlock bedrooms and also go further to encourage people to take on lodgers and encourage landlords back because for every 10 properties that transfer from privately owned to BTL 7 bedrooms get used for their proper purpose. It’s just maths!
From:
Dominic Tighe
12 March 2024 08:21 AM
I won’t be going back to BTL. I’ll just keep ticking over what I’ve got and gradually sell them off. I’ll keep my holiday let’s that still make a bit of money but again I’ll gradually move my cash in to cash ISA’s. Where they will contribute nothing to the economy. Important stat we should all be sharing … 50% of private owned properties have two or more bedrooms unused. In the private’s rented sector it’s only 16%. We don’t have a housing crisis … we have a housing usage crisis!! The government should be encouraging BTL as it creates more housing for people not less and they should be penalising home ownership not being correctly used, for example why does a single person living in a 4 bed house get a 25% council tax discount??? They are the real cause of the housing usage crisis!
From:
Dominic Tighe
11 March 2024 07:32 AM
Punishing the Holiday last sector won’t make landlords return to BTL where the biggest need is. It won’t me anyway. The only thing that will do that is allowing us to make at least a little bit of money. Remove section 24, extra stamp duty and mounting legislation is the only way to get us back. In the meantime more and more young and vulnerable people will be living in tents and under bridges. Is there really no-one in Government, in the opposition or in the campaign groups that can understand this simple logic??!!
From:
Dominic Tighe
08 March 2024 08:20 AM
The NRLA wants it?? Well there’s the problem isn’t it. We have an organisation representing us that doesn’t know what it’s members think!! Complete waste of space. I really have no idea why I pay my subscription.
From:
Dominic Tighe
07 March 2024 20:30 PM
I feel like a broken record. Levelling up the penalties so Short let’s are taxed as punitively as BTL won’t make me return my properties to BTL. Only removing S24 and the 3% stamp duty hike will. I didn’t leave BTL because I could make more money from Holiday let’s.I left BTL because I can’t make any money from it. Why is this going to make me go back??
From:
Dominic Tighe
03 March 2024 16:52 PM
That’s exactly it. I’ve got quite a few short let’s but had never considered it before section 24. Mine do ok but they are a lot more work. Putting section 24 on the holiday let’s won’t make me go back to BTL because I can’t make any money, but remove it from BTL and I’ll go back in a heartbeat! Simples.
From:
Dominic Tighe
20 February 2024 08:58 AM
Still no professional PR department then? That’s the missing piece of the jigsaw that desperately needs filling to fight our corner against the press and the campaign groups who are all over us like a rash with misinformation. . Ben is a nice guy doing his best but in my opinion the wrong man to front our cause.
From:
Dominic Tighe
11 January 2024 07:46 AM
Utter rubbish!! Basically 126 landlords were asked and weren’t bothered in the slightest and the rest were agents losing out and campaigners doing what they do best ie complaining and finding someone to blame!
From:
Dominic Tighe
03 January 2024 09:52 AM
We need to stop referring to holiday let’s getting more tax benefits. It’s not they get more benefits it’s that they don’t have the same penalties as BTL’s. Holiday let’s are considered and taxed as a legitimate business being allowed to write off all their expenses including interest as legitimate business costs which they are! BTL’ landlords are seen as the scum of the earth and penalised for providing their service and not seen as at all legitimate at all. We need to call it out for what it is!
From:
Dominic Tighe
03 January 2024 09:18 AM
No mention of PIV’s ie positive input ventilation systems. Sorted condensation issues in two of my properties no problem and they only cost a few hundred quid.
From:
Dominic Tighe
02 December 2023 15:29 PM
I’m not sure what they’d add of value to be honest. They seem to miss the point more than anyone!
From:
Dominic Tighe
27 November 2023 11:19 AM
Always good to start the day in stitches of laughter!!
From:
Dominic Tighe
27 November 2023 11:08 AM
I can hear the chorus of ironic laughter from us all!!
From:
Dominic Tighe
14 November 2023 11:43 AM
Has a dead body ever been found in a private rented property after 3 years? No …. There’s your answer to this load of twaddle!
From:
Dominic Tighe
06 October 2023 08:39 AM
Ben was on the today programme yesterday and credit where credits is due he actually did a very good job for a change. 2 hours 37 minutes in.
From:
Dominic Tighe
06 October 2023 08:21 AM
Completely agree I thought the exact same thing. These people clearly can’t add up!! It’s so frustrating when you have commentary like this because the next thing we’ll hear is this “low rate” being used against us by campaigners!
From:
Dominic Tighe
08 September 2023 08:19 AM
I’m already selling or switching my properties to other models as tenants leave, because of S24 and other legislation and so are many other landlords, especially since internet rates have gone up. Too much focus on rent controls just diverts thinking away from the issues we are struggling with now as if that would be the last straw … the last straw is long gone! If the NRA could please demonstrate how returns are already decimated the thought of rent controls on top would be understood as a bad idea. The NRLA’s strategy and PR is and always has been hopeless!
From:
Dominic Tighe
07 September 2023 09:28 AM
No business is 100% hassle free and most businesses are legislated in some way. But also just like other businesses if there isn’t a profit at the end it tends not to be pursued. This ridiculous tax is the sole reason I’m leaving the sector, absolutely no doubt, and in the end I’m pretty certain that’s the case for most .. ultimately we all have our price.
From:
Dominic Tighe
06 September 2023 07:34 AM
Exactly. I always look at my returns based on the cash left in property after any capital gains tax as it stands today not what I bought them for. and as you say the numbers simply don’t work, my money is far better off in tax free ISA’s or even simple savings accounts. Luckily I have quite a few properties locked into low rates for several years having foreseen the chaos. But as mortgages come up for renewal I switch to Short let’s if they work or simply sell.
From:
Dominic Tighe
01 September 2023 19:36 PM
Exactly Tricia. That’s modern politics. Social media plays its part. Campaign groups make uneducated statements and Governments react quickly to win votes without bothering to check in to the detail and even bother to consult those at the coalface who hold the facts. The tide has well and truly turned on BTL but just like an oil tanker it will take a long time to correct its course causing suffering and chaos for everyone!
From:
Dominic Tighe
01 September 2023 11:20 AM
It’s less legislation that’s needed in the housing market not more. Bad policy decisions just lead to unintended consequences leading to more bad policy to correct it and it just goes on and on. I’d never have considered Short Let’s if it wasn’t for section 24 and removal of section 21. Will I go back to BTL if they license short let’s? Not a chance!!
From:
Dominic Tighe
01 September 2023 09:47 AM
No mention by them of section 24. That example of someone on a mortgage of 80% of the rent will be considered liable for tax on half that 80% thus probably losing money and paying tax for the privilege!
From:
Dominic Tighe
25 August 2023 11:28 AM
I literally can’t get off the floor laughing! I really have head it all now!! 😂
From:
Dominic Tighe
05 July 2023 09:46 AM
The irony is deafening!
From:
Dominic Tighe
12 June 2023 09:28 AM
100% agree. They have been completely absent from the debate!! And when the CEO does say something it’s very weak. They need a PR department to counter the barrage of miss-information by the likes of Shelter and Generation rent!
From:
Dominic Tighe
09 June 2023 09:13 AM
100% correct. I’ve converted 7 apartments of mine and have purchased few holiday lets too in the last few years. At the same time I stopped purchasing BTL’s and sold several off as well. Remove section 24 and I’ll go back to BTL simple as that!
From:
Dominic Tighe
06 June 2023 22:19 PM
Finally some powerful words from Ben Beadle!
From:
Dominic Tighe
02 June 2023 11:11 AM
I’ve always asked for more rent ever since I had a house destroyed by dogs. The tenant had several dogs that all had puppies. When we finally got her out we had a 7.5k bill to put right the damage!
From:
Dominic Tighe
02 June 2023 11:01 AM
I agree. I have Air B&B’s and as long as it’s a level playing field with Hotels and all kinds of accommodation charging a flat rate it seams fine. Tourism brings business to the area but the tax paid goes to central government. On top of that a lot of Holiday Let’s don’t pay council tax or rates either so how are the Councils supposed to pay for local facilities?
From:
Dominic Tighe
02 June 2023 10:15 AM
I’ve got Air B&B’s and have no problem with a register or licensing scheme. I actually follow much higher standards of safety than BTL’s and complete full annual assessments including every electrical item is checked. I’ve also had fire assessments done by the local fire brigade. Sadly very few hosts do this so a licensing scheme would be good for everyone. However it needs to be run properly and unfortunately if the BTL licensing schemes are anything to go by it will be a total waste of time and money! Such a shame that seemingly good processes put in place to raise standards to benefit us all by getting rid of rogue landlords are so poorly run.
From:
Dominic Tighe
24 May 2023 10:12 AM
Good. Tax evasion is wrong whatever your circumstances. I pay all my tax due whatever. I may be angry that I’m treated unfairly as a high rate tax paying BTL investor but that hadn’t made me want to commit fraud. Tax is a necessary element of any well functioning society and we all play our part.
From:
Dominic Tighe
22 May 2023 09:46 AM
100% correct. I’ve converted quite a number of my properties. I make good money but there is no such thing as a free lunch, there is a lot more work but I can’t make any money on BTL because of section24. Get rid of section 24 and I’ll go back to BTL like a shot!
From:
Dominic Tighe
21 April 2023 08:59 AM
Or it’s just a second home in which case it’s absolutely right they should pay more. I get a 70% occupancy on my properties that’s 250 days a year. In my experience much less than that and you don’t make enough money to call it a business.
From:
Dominic Tighe
13 February 2023 10:25 AM
I completely agree Tricia. I feel we should all start watching our language though We don’t get Tax breaks we get more and more barriers to entry and get tax penalties not levied at other businesses. The phrase “Tax Breaks” has been introduced by campaigners and politicians to make their case. A break suggestes we are getting something others don’t.
From:
Dominic Tighe
06 February 2023 11:56 AM
Agreed. I’ve got short let’s and there is nothing that concerns me here as we are already doing it all.
From:
Dominic Tighe
03 February 2023 10:43 AM
I wonder how many shares this chap has in “Build To Rent” companies?
From:
Dominic Tighe
25 January 2023 10:27 AM
It’s a typo. Should say 12 months.
From:
Dominic Tighe
20 January 2023 09:41 AM
That’s definitely a factor for condensation. When last looked at (nearly 10 years ago now) 61% of homes owned outright had 2 or more bedrooms unoccupied. 39% of private mortgaged properties were under occupied but only 15% of private rented houses. The irony Andy to answer your point is that a little old lady living in a large 5 bed house gets a 25% discount on her council tax. In social renting only 10% were under occupied and they are the ones with the so called bedroom tax when in reality it’s the little old lady sitting in her big old house putting extra pressure on local housing that’s the biggest problem. As I say I don’t understand what more of this is not being made.
From:
Dominic Tighe
19 January 2023 19:51 PM
A fact consistently overlooked, is bedroom occupancy in the rental sector, is much higher than in owner occupied property. I don’t know why more of this fact is not made by those defending LL’s. So every time a property moves from being let to owner occupied the problem gets worse and the supply and demand imbalance increases. 2023 will be the big one in my opinion as the perfect storm we’ve all predicted materialises. It’s just simple Maths.
From:
Dominic Tighe
18 January 2023 10:46 AM
You do make a good point William. Language plays a big part in lots of areas. Phrases like “tax incentives” are also an issue. The trouble is the NRLA doesn’t have a PR department so this kind of thing is completely missed as being important.
From:
Dominic Tighe
18 January 2023 10:36 AM
I’m glad others are finding them as useful as I have. I had one property where after I fitted double glazing you could wipe condensation off the leather sofas!! It even sorted that.
From:
Dominic Tighe
17 January 2023 09:52 AM
For those unaware a very cost affective solution that I have used on several houses now to great effect is a PIV unit (positive input ventilation unit). Our older stock properties are not always suited to double glazing and other insulation type products turning them into completely sealed units allowing very low ventilation. Add tenants washing drying on radiators etc and you’ve got the perfect negative mix. The units cost about £300. I’d strongly recommend this as a first starting point.
From:
Dominic Tighe
16 January 2023 10:35 AM
This just sums it all up. Those campaigning for change are simply not interested in understanding the issues from the other side of the fence. How can they possibly have a balanced debate!! The irony is beyond comprehension!!
From:
Dominic Tighe
12 January 2023 10:50 AM
You ain’t seen nothing yet!! 2023 will be a bad year!! Well done Shelter for helping to create the perfect storm!!
From:
Dominic Tighe
11 January 2023 10:29 AM
100% agree! It really isn’t rocket science it’s GCSE maths when it comes to S24. Simple maths commentators and politicians don’t appear to be able to grasp.
From:
Dominic Tighe
19 December 2022 12:55 PM
100% agree. I have 6 short let flats purely because of S24. Remove S24 and I’d go back to BTL. Put S24 on short let’s too and I’ll still stay with short let’s. It’s a shame that new editors (and housing ministers and shadow housing ministers) still appear unable to grasp this simple factor.
From:
Dominic Tighe
19 December 2022 12:53 PM
Another bit of research the NRLA won’t bother to publicise. They are a toothless organisation easily ignored by the government. We are probably the only people who will ever read this research and as has already been said we already know it!
From:
Dominic Tighe
13 December 2022 09:46 AM
Jo your section 24 is at the heart of the matter. I have Air B&B flats that used to be BTL. I make more money it’s true and still would if they implemented S24 for holiday let’s too. But as you say it’s much more work and it’s certainly no “holiday” for an operator. Remove S24 and I’d go back to BTL, earn less money but have a much easier life.
From:
Dominic Tighe
02 December 2022 12:25 PM
Lots of BTR blocks have gone up in Manchester and from my observation they are much more expensive than the existing PRS rentals.
From:
Dominic Tighe
01 December 2022 12:54 PM
Yes I agree terminology is a key problem here and I many other articles. Words like incentives and perks need to be replaced with de-incentives and barriers to entry not inflicted on other businesses. It’s just a shame that only a right wing group can get its head around this and I would suggest as a result it won’t help us much.
From:
Dominic Tighe
29 November 2022 10:44 AM
We agree and disagree on this one Micheal / Andrew. I agree Andrew we will always be Rogues to some tenants and in eyes of many whatever we do. But if we want to be recognised as a legitimate business sector we must accept a legislative body to monitor that sector the same as any other sector. Otherwise BTL always be seen as a sort of “Wild West”. The trouble is with how all this is being implemented. A thousand different systems across the country is no way to go about things and thus far they have proved simply a job creation and box ticking. exercise. Whether you believe there are rogue landlords out there or not and what proportion there are, a properly run body would be able to prove whether things are getting better or worse. It will also be able to answer sceptics complaints. If we in our industry push back on every single initiative we leave ourselves open to being accused to be just wingers who are annoyed that our gravy train is being shut down. If we want to be part of the solution then engagement is the only way forward. I definitely share your scepticism in this ever happening by the way particularly when the tide is so against us! And Michael I’m not getting sucked in to anything, my eyes are wide open I just want to see a future for our sector and at the moment I’m struggling to see one.
From:
Dominic Tighe
23 November 2022 12:07 PM
.5% is nothing to the tenant or us if it actually did something. We all need to see the back of rogue landlords giving us all a bad name but from what I’ve seen so far there isn’t much progress on that front at all! So it’s just yet another slush fund for box ticking. Has anyone in here seen these licenses do any good yet?
From:
Dominic Tighe
23 November 2022 09:12 AM
Exactly. I wish more of these stories would get out there. How many of us in realty put our tenants rent up every year? Or even during their tenancy’s full stop? Most of us wait until there is a tenancy change over. But even so we are the devil in the eyes of the press, government, campaigners and public.
From:
Dominic Tighe
19 November 2022 18:56 PM
Well you are all making my point for me. For some it’s a simple answer. But for me it’s more difficult. I’ve made decent money over the years from BTL but I do have a social conscience and I care for my tenants very much as I think many of us do, contrary to what is being publicised. . I never got into this game to just think of myself, I’ve always wanted a win win situation and to feel I’m making good money for providing a good service. But I’m being incentivised by the government to be selfish, how insane is that?? I still make money across my portfolio so I can afford to make it work for now. However the next thing coming down the line will be a rent freeze. That will mean I will have to put my rents up to market rate because otherwise I won’t be able to put them up to it when I have a tenancy change. I suppose I could do that and then let them go into arrears without action but again what the actual f@!!! It’s just a world of unintended consequences.
From:
Dominic Tighe
19 November 2022 18:50 PM
This is nuts!! I’ve got one tenant now paying 30% below market rate because that’s all she can get. S24 and increased mortgage rates mean I’ll soon start making a loss. So what to do?! I feel a sense of responsibility to my tenants as many, or shouid I say the mass majority of us do but at what point do I draw the line? These are the steroids that need to be shared with our local MP’s.
From:
Dominic Tighe
18 November 2022 14:16 PM
I don’t know who write this report but they are clearly in denial about the obvious impending exodus of BTL landlords.
From:
Dominic Tighe
07 November 2022 11:20 AM
The phrase “Perfect Storm” has never been so apt!
From:
Dominic Tighe
07 November 2022 11:14 AM
TWO WRONGS DON’T MAKE A RIGHT. Increased tax on my short let’s won’t make me return them to BTL. Only the removal of section 24 would make me do that.
From:
Dominic Tighe
07 November 2022 11:08 AM
I agree with your sentiments. I have a number of short let’s in my portfolio. They aren’t easy at all. So why do I do them? Very simple …. section 24! Overnight they became unprofitable. I make more money now than I ever did as BTL but I’d happily go back if S24 was removed as I’d rather make less money for less hassle … I switched because I made no money! One small point I would add is we all need to think carefully about our terminology. “Much more generous taxation” gives the wrong impression. It’s not generous taxation that took me to Short let’s it’s draconian and unfair taxation on BTL’s that drove me away. And if they put S24 on Short let’s I still wouldn’t go back to BTL. I know where I’m not wanted so I just go where I am.
From:
Dominic Tighe
25 October 2022 14:04 PM
Completely inaccurate article. To start with you are only allowed to do Air B&B in London for 90 days max a year. Yes you’d make a lot of money if you could rent all year but you can’t! Also there’s no such thing as a free lunch! I’ve got six city centre Air B&B’s and it’s no easy ride. The money is better yes but personally I’d happily go back to BTL if S24 was abolished.
From:
Dominic Tighe
19 October 2022 09:58 AM
Not a helpful article. 1989 slump was caused by key costs going up via removal of tax relief … for this read mortgage interest rates tripling together with energy crisis. 2007 slump due to banking crisis and world recession 2022/23 all of the above and more!
From:
Dominic Tighe
08 October 2022 12:21 PM
I don’t know about everyone else but these sort of headlines force me to consider upping my rents now where they are below market, which most of my currents tenants now are, so I’m not left high and dry as they become available. This will mean some will struggle so what do I do then? Perhaps just let them get behind and not take any action unless they get further behind than the original rent??? What a mess!!
From:
Dominic Tighe
05 October 2022 09:16 AM
Has anyone had an estate agent or mortgage broker suggest there’s going to be a crash ever? Of course not …Turkeys don’t vote for Christmas!
From:
Dominic Tighe
30 September 2022 10:07 AM
Not a very comprehensive or useful article really. Not even a mention of rising interest rates and the impact of Section 24. Anyone who doesn’t appreciate that this is the single biggest issue facing landlords, the true extent of its implications being yet to be really felt isn’t worth listening too. Sorry.
From:
Dominic Tighe
24 September 2022 17:53 PM
Agreed. I have a number of short term let’s purely as a consequence of Section 24. Remove that and I’ll turn them back to BTL. … simples!
From:
Dominic Tighe
20 September 2022 09:51 AM
To paraphrase one famous prime minister “ being attacked by the NRLA is like being savaged by a dead sheep”!! There was so much more that could have been said to shred her argument to pieces!!
From:
Dominic Tighe
09 September 2022 10:15 AM
Exactly. We will now all be looking at our current tenancies and concluding that we can’t leave them below market rate now for fear of not being able to when tenants leave. Not sure how I’m going to break this to me tenants!
From:
Dominic Tighe
09 September 2022 10:10 AM
She’s an idiot … plain and simple!
From:
Dominic Tighe
02 September 2022 09:20 AM
I’m the same. This would force me to put a lot of my rents up before such a policy comes in putting real pressure on some lovely tenants that have been with me for years.
From:
Dominic Tighe
02 September 2022 09:14 AM
The key bit I’m picking up on here is engagement with your tenants. If you read the press you would be led to believe we are all con artists looking to screw every penny out of our customers with no consideration to building long term relationships and quality business. If only all the commentators would take the time to look and see what really goes on behind the scenes!
From:
Dominic Tighe
30 August 2022 09:52 AM
Reduced rental stock …. That’s what the government wanted right??
From:
Dominic Tighe
30 August 2022 09:07 AM
Literally that Andrew!
From:
Dominic Tighe
26 August 2022 09:17 AM
I think Tricia’s point Jo is that supply and demand is the root cause here. If you increase housing benefit more tenants are able to compete for more properties leading to the wealthier to pay more pushing up rents overall and the cycle just continues. Thus the only way to permanently resolve the problem is to increase supply of housing and resolve the supply and demand issue.
From:
Dominic Tighe
26 August 2022 09:15 AM
I have tenants now paying 30% below market rate because their benefit doesn’t cover it. My costs have gone up and the ticking time bomb of section 24 is now going off as a consequence of interest rate hikes which will lead to even more supply problems due to more LL’s leaving the market. It isn’t rocket science to work out that bedroom occupancy is higher in the rental sector than in private homes yet all government policy is to discourage LL’s. Finally, over gentrification of accommodation is also part of the problem forced by piling up legislation particularly in the HMO market. My first place to live was a bedsit. I had a sofa bed, a sink and a baby belling to cook on and it was cheep as Chips … I was 17 and happy as Larry in it but that room would be considered far too small and dangerous today. I’m not suggesting standards shouldn’t have improved by the way, but there are consequences to be taken account of and for those creating housing policy and campaign groups consequences appears to be a word that’s been removed from their dictionary’s.
From:
Dominic Tighe
26 August 2022 09:05 AM
“Shock Horror” you mean Shelter and Generation rent have been feeding everyone a lie and in fact private landlords treat their tenants as customers and want them to be happy? Who knew???? 😂
From:
Dominic Tighe
26 August 2022 08:24 AM
Finally I’m actually reading something that’s makes some sense. The devil will be in the detail of its implementation of course and our experience thus far on these sort of measures thus far isn’t good!
From:
Dominic Tighe
18 August 2022 08:44 AM
Yep that phrase got to me too!! People really do have no idea!!
From:
Dominic Tighe
18 August 2022 08:39 AM
Shock??? Seriously people are actually shocked??? Wait until they calculate the impact of section 24 then. Even more people will find themselves in a higher tax bracket and rents now have tro keep increasing just to stop LL’s going in to debt!!
From:
Dominic Tighe
16 August 2022 11:04 AM
Or put another way 99.92% of the 4m households in the private rental sector were not evicted!!
From:
Dominic Tighe
15 August 2022 16:41 PM
Yes Echis but level with other businesses which it isn’t!
From:
Dominic Tighe
15 August 2022 08:34 AM
This wouldn’t make me return my short let’s to BTL. Only the removal of section 24 would do that. BTL for anyone who needs a mortgage is now a total non starter with interest rates heading so far north. This time next a year a standard BTL interest rate will be circa 5%. When you factor in section 24 if you are a 40% tax payer that becomes the equivalent of 7.5%. How many properties have a yield above 7.5%???? Answer very few. House prices are unlikely to go up much in the next few years meaning anyone owning a BTL in their personal name without a long term fixed rate already will have no alternative than to sell. The phrase “more incentives for short let’s” is also misleading. It’s not incentives that have led me to Short let’s it’s de-incentives or multiple hurdles in the BTL industry. Remove the hurdles and I’ll go back like a shot. Short let’s are hard work but I can’t make any money in long term let’s anymore (or at least not enough to make it worth the hassle) and I’m not a charity. This idea of limiting the number of days you can let a short let is also stupid. All it does is push up the prices … have you seen the rates in London now? Which is better for housing 3 properties charging £300 a night for 90 days or 1 property rented out for 270 nights charging £100 night?? The trouble with our government, campaigners and commentators is none of them can do maths!!
From:
Dominic Tighe
13 August 2022 15:57 PM
Unfortunately the NRLA is a waste of space itself. They do no PR whatsoever to present the landlords position whilst Shelter and the like have a daily barrage of unfounded claims.
From:
Dominic Tighe
09 August 2022 13:33 PM
Or put another way he’d like to see the rental housing stock plummet further! I note he’s not taking credit for the lack of rental homes largely caused by the relentless attacks on LL’s. Utter nonsense!!
From:
Dominic Tighe
05 August 2022 07:46 AM
Their pleas are to the wrong group. They should be to the government to take their foot off landlords necks starting with section 24! It ain’t rocket science!!!
From:
Dominic Tighe
05 August 2022 07:35 AM
As I’ve said here again and again get rid of section 24 and I’ll return my short let’s to BTL again. But extend the same penalties to holiday let’s will not because I still have to make a living and S24 on BTL means no profit.
From:
Dominic Tighe
01 August 2022 18:44 PM
How come taxing LL’s as legitimate business isn’t on the list? All our and our Tenants woes started with section 24!! Until the government recognises us as a legitimate business sector that adds value to society we have no chance of turning the tide. And that’s starts and ends with section 24! It’s much more than a tax … it’s a stance!
From:
Dominic Tighe
29 July 2022 19:04 PM
So they think implementing section 24 for Holiday Let’s will lead to me releasing homes back for residential use? Not a chance. Section 24 was why I moved to short let’s in the first place because it wiped out my profits in BTL. Ill still make much more money from short let’s even with S24. The only thing that will lead me to returning properties to BTL is it’s scrapping not it’s extending!!
From:
Dominic Tighe
20 July 2022 23:31 PM
100% Andy. This has been a ticking time bomb waiting to go off!!
From:
Dominic Tighe
20 July 2022 23:23 PM
I’m with you on this. I have BTL’s, short let’s in City’s and a holiday let in Wales. I have no problem in sensible legislation. There is voluntary legislation now which is just sensible and I abide by all the recommendations and it pays dividends on my returns. I think all property that is not a personally owned PPR should be treated as a proper business and have minimum standard expectations. I even wouldn’t mind paying National Insurance on my profits. But I strenuously object to S24 which is punitive tax that is full of unintended consequences. I’m only in shorts let business of S24 and would happily return some of my properties to BTL if it was removed. If they implemented S24 on short let’s too though I definitely wouldn’t return them. As a business community we cannot expect to reject every proposal put forward. Engagement is the way forward, although sadly the Government doesn’t appear interested in doing that at all … but it takes two to tango! And if it will take a Labour government for that to happen then count me in!
From:
Dominic Tighe
20 July 2022 11:52 AM
What a surprise. We kept warning them. Section 24 already = a massive barrier to entry and incentive to leave. Section 24 + higher interest rates = a ticking time bomb!
From:
Dominic Tighe
15 July 2022 09:15 AM
You raise some good points worth discussion and I agree with you to an extent Echis. I have some short let’s in my portfolio that I converted purely as a consequence of section 24. I see no problem paying business rates on the same terms as any other business. These moves are partly to stop second home owners from claiming zero rates when they are only letting their properties out for a few weeks a year so again a fair proposition to stop that. I will be largely unaffected as all my properties achieve 70% plus occupancy because I run them as proper businesses. Ref them being lucrative they can be but people shouldn’t start making assumptions like they have and do about BTL’s and all you need to do is buy a property, convert it to a short let and then back the truck up ready for the cash to be poured in. It’s hard work to do it right and isn’t always as lucrative as you might think and carries many risks. Regarding your point about the hedge cutter shouid pay less than anyone else I find a little confusing. If the hedge cutter lives in a property that reflects their income then they will already be paying less. However if they live in a large expensive house and are struggling to afford the council tax they should perhaps reconsider where they live. There are lots of examples where the thinking around property just isn’t joined up. Example; my 92 year old mother lives in a large 4 bedroom detached house on her own where she has lived all her life. . The house could accommodate a nice family and what’s more the extensive plot could be developed into further houses. But instead she lives there alone leading to more pressure being put on local housing and her reward for doing so is a 25% discount on her council tax. I’m not saying she shouldn’t be allowed to stay in her family home but if she chooses to do that she should be prepared to pay more for the privilege not less. We have a taxation system that reflects peoples incomes, admittedly perhaps not enough, but people make choices in life regarding how they spend the money they are left with and society should not be asked to compensate people for those choices. One final point … more taxation on holiday let’s will not encourage me to go back to BTL which is where the real pinch point is … but the removal of section 24 and starting to recognise BTL as a legitimate business would.
From:
Dominic Tighe
14 July 2022 16:54 PM
Finally NRLA actually saying something!! Sadly no-one that matters will read it or take note because they appear to have no P.R department or if they do they clearly need replacing!! And yes I totally agree with their comments. I have switched a number of properties to short lets that are no longer profitable as BTL's as a direct result of section 24. If they bring in section 24 or other penalties for short lets too it won't encourage me to convert these properties back to BTL because I still won't make much money on the said properties. However as has been said above short lets are more work and there is no such thing as a free lunch ... but remove section 24 on BTL's altogether and I'll convert back in a shot. I'm not greedy I just want a fair return for efforts.
From:
Dominic Tighe
01 July 2022 12:27 PM
A bit of a sloppy report really. These are not BTL hotspots they are second home hot spots some of which might be for BTL but knowing what we do about what happened in 20/21 a lot of these will be holiday homes or holiday let’s. I’m sure there was a small uplift in BTL too because of the stamp duty holiday but that spike won’t have lasted.
From:
Dominic Tighe
23 June 2022 09:08 AM
There are several reasons I’ve switched a number of mine 1. Section 24 2. Section 24 3.Section 24 And whilst more work I can tell you it’s a hell of a lot more than 24% net. However as there is a lot more work involved if they removed section 24 I’d go back to BTL in a flash!!
From:
Dominic Tighe
23 June 2022 08:56 AM
Could you explain that a bit more Rob? I thought they were supposed to improve them and that was the point?
From:
Dominic Tighe
20 June 2022 10:20 AM
And the impact of Section 24 will thus be felt even more acutely
From:
Dominic Tighe
14 June 2022 07:37 AM
It depends what your objective is. If your objective is to get rid of every private landlord in the country then they work very well!!
From:
Dominic Tighe
27 May 2022 09:47 AM
Yep … it was referenced to Whilkie Whielaw I believe and was in fact a “DEAD” sheep!!
From:
Dominic Tighe
26 May 2022 08:36 AM
Daggers drawn??? I don’t think the NRLA know what a dagger is!! I guess they might have damp sponge handy somewhere??
From:
Dominic Tighe
26 May 2022 08:26 AM
The real time bomb here is section 24. The higher the interest rate the greater the pain! There will be a lot of landlords out there who have enjoyed good times with low interest rates who have a very rude awakening coming there way.
From:
Dominic Tighe
11 May 2022 10:37 AM
On the face of it there isn’t much to worry about here if you are a decent professional landlord which most of us on here are and we should welcome anything that helps us to get rid of the rogue landlords in our industry giving us all a bad name. However the devil as always will be in the detail and so I’ll be interested to see how they are going to beef up legislation to take action with bad tenants and I’m sceptical this will reflect our needs because no-one bothers to engage with us. Also as has been mentioned above by a few already where is the register for Rogue Tenants?
From:
Dominic Tighe
11 May 2022 10:30 AM
He’s that made me laugh too. There is so much research out there to show that social housing standards are way below PRS standards.
From:
Dominic Tighe
11 May 2022 10:21 AM
With rates going up the real affect of S24 will be felt that’s for sure. If you haven’t locked in your rates already you are in for a bumpy ride!!
From:
Dominic Tighe
06 May 2022 10:29 AM
Oh and that’s assuming all these evictions were “no fault” which I seriously doubt!
From:
Dominic Tighe
27 April 2022 10:57 AM
Headline grabbing once again with no context. Every seven minutes equates to 75,000 a year out of 11m private renters. Ie .67% of tenancy’s. Put another way 99.32% of private renters didn’t receive a no fault eviction in the last 12 months!!
From:
Dominic Tighe
27 April 2022 10:54 AM
Seriously??? Honestly my jaw has dropped. Where’s their award for “Association least affective at influencing government policy and public opinion?”
From:
Dominic Tighe
21 April 2022 10:09 AM
My thoughts exactly. In one of my areas the housing benefit rate is now 30% below market!!
From:
Dominic Tighe
13 April 2022 09:06 AM
Another survey doing the job of the NRLA. It will fall on deaf ears though because no-one is taking this message to Government.
From:
Dominic Tighe
11 April 2022 11:37 AM
I’ve got a selection of properties in the Norrh East and have been enjoying high yields for a long time. But there’s been no capital growth for over a decade until now as it finally creeps up.
From:
Dominic Tighe
11 April 2022 11:23 AM
At last someone standing up for us …. And where are the NRLA in this once again??? …. Nowhere!! We need a new body that understands the basic concept of PR.
From:
Dominic Tighe
10 April 2022 09:47 AM
The freezing of housing benefit is a big mistake too. The 3 bed rate in South Manchester for example is now 30% below market and that’s in areas dominated by local authority housing. I haven’t and don’t plan to raise any of my rents but how long is that sustainable? After all I will also be facing inflation and higher interest rates even if the government thinks we are some how so rich it doesn’t affect us. One things for certain if rent controls look more likely I’ll have no choice other than to up the rents to market rate because there’s no way I’m getting locked in to under market rent for the foreseeable future and that will doubtless lead to defaults and evictions.
From:
Dominic Tighe
24 March 2022 08:47 AM
I guess if it’s the only way of achieving an EPC level of C I might consider it as long as I felt it was also enhancing the value of the property and gets me more rent , which it might do as the focus on good EPC’s increases. Otherwise absolutely not
From:
Dominic Tighe
24 March 2022 08:32 AM
We definitely need a new body to represent us. The NRLA has been affective as a chocolate fire guard in representing us.
From:
Dominic Tighe
23 March 2022 09:10 AM
So there is an acute lack of supply and the answer is to do everything they can to reduce supply further??? How about removing section 24 and then landlords would have a chance of making a profit. But no let’s get a bigger stick and see if that works!
From:
Dominic Tighe
19 March 2022 11:14 AM
That’s what I do Andrew and I think it’s perfectly fair. Especially as we aren’t allowed to increase the deposit either. But I imagine someone will try and stop this too soon.
From:
Dominic Tighe
16 March 2022 14:20 PM
I have just had to agree this morning to replacing all the carpets in one of my properties as they have been trashed by the previous tenants dog and still smell even after cleaning. I’m fine to take pets but always charge more to cover the extra damage which there nearly always is.
From:
Dominic Tighe
16 March 2022 10:53 AM
Wait so you mean we aren’t the Devil reincarnated?? I’m so confused! Unfortunately nothing will change as this information will stay between us because the NRLA will do nothing with it to change publics perception and sadly for us that’s all that counts when it comes to Policy.
From:
Dominic Tighe
15 March 2022 10:18 AM
I agree with the three comments above. But there are two different types of second home owner here. The first is the one who can afford a second home without needing much or any income from it and I doubt very much can be done about these because if they can afford to leave it empty they can afford to pay extra taxes. The other though are the landlords like us who have switched our model to Air B&B because BTL is no longer profitable or worth the hassle. They can get a bigger stick if they like but the only way to attract me back to BTL would be to remove section 24 and start to see us as part of the solution not the problem.
From:
Dominic Tighe
14 March 2022 09:44 AM
Kilo I’m afraid it’s comments like that that give us all a bad name. Please think carefully before you post as it doesn’t help our cause.
From:
Dominic Tighe
11 March 2022 12:04 PM
Are they asking Mortgage companies to accept benefit applicants too? Or any other financial application for that matter? It’s a simple case of testing affordability. I have lots of benefit tenants that I’m very happy with but if someone came to me with benefits as proof of income I would want to know how much they are getting and how long that has to run? For example they may be on a three bedroom rate but their circumstances show that rate only has a very short time left to run.
From:
Dominic Tighe
11 March 2022 11:49 AM
A symptom of a total lack of joined up thinking. The Government should be listening to Councils and Landlords rather than Shelter and Generation rent!
From:
Dominic Tighe
10 March 2022 10:57 AM
Unfortunately the Genie is already out of the bottle on this one. I’ve done my numbers and even if they were to remove tax relief for Air B&B I will still still make far more money than as BTL. However if you gave me back my tax relief on my BTL’s that would be a different matter as I would make a reasonable amount of money for a lot less work than short let’s instead of making no money with the current position. And I would do it like a shot! I never wanted to do Air B&B these stupid policies made me. It’s just so odd that these people think that just using a bigger and bigger stick on more and more people all the time is going to help.
From:
Dominic Tighe
09 March 2022 11:02 AM
S.K is just another in a long line of Politicians who fundamentally miss-understand the simple concept of Supply and Demand. Pathetic.
From:
Dominic Tighe
07 March 2022 11:10 AM
Couldn’t agree more. As I put it it’s like being asked for a favour off your mugger. If only they could see we aren’t the enemy and so many of us just want to do a good job and be fairly rewarded.
From:
Dominic Tighe
07 March 2022 10:11 AM
There is already a system in place to grant planning for affordable local housing it’s called local councils and social housing. Unfortunately it fails spectacularly on its two key mandates ie it doesn’t build the houses and it delivers a terrible service to its tenants for the properties it does have. So what a great idea to once again deflect the blame away for their total incompetence by pushing it on to us landlords again, whose only crime is to fill the gap left. Build an excess of houses and rent them to local people and you’ll soon see us disappear.
From:
Dominic Tighe
23 February 2022 10:38 AM
And what kind of landlords will stay? The exact ones the Govt want to get rid of. The ones who break all the rules and screw every tenant as much as they can and are happy to ignore the law!
From:
Dominic Tighe
22 February 2022 09:46 AM
As professional landlords like most of us on here leave the market because of all the barriers in our way to doing a good job for a fair return, these are the kind of conmen who will be left behind clearing up on the supply shortage. For every conviction there will be 10 making a fortune whilst flouting the laws and taking advantage of desperate tenants too scared to take action for fear of becoming homeless. But this is what the government wants right??
From:
Dominic Tighe
21 February 2022 12:34 PM
When they decide to engage with us … in other words never!
From:
Dominic Tighe
21 February 2022 12:01 PM
I’ve already sold 25% of my portfolio and converted a third to Air B&B. I make more money overall for sure and pay less tax than I did before all the crap that’s been thrown at us but it’s hard work!! Give me back my tax relief and I’ll put my properties back to AST’s and expand my portfolio again. Bring in rent controls and I’ll just sell what I can’t turn in to an Air B&B. Bring in controls on Air B&B and I’ll just sell everything . I know where I’m not wanted.
From:
Dominic Tighe
21 February 2022 12:00 PM
What happened to common sense in our world?? Buried in the article is a recognition that demand is massively outstripping supply but some how this guy thinks that implementing initiatives that will undoubtedly reduce supply will help improve the situation?? As has been said by many above you just couldn’t make it up! And once more we are the bad guys!
From:
Dominic Tighe
16 February 2022 08:56 AM
Todays articles Article 1. Asks for rent controls Article 2. Asks for more action on bad landlords so more legislation for all of us I expect Article 3. Says please help us house refugees but only at housing benefit rate which these days is usually well below market. Am I missing something?? Once more it’s like your mugger asking for a favour!!
From:
Dominic Tighe
16 February 2022 08:44 AM
Sad but very possibly true!
From:
Dominic Tighe
15 February 2022 12:21 PM
Great report but only of any use if the NRLA can get the message through to the general public which so far they have shown themselves to be utterly useless at doing. Both the government and opposition aren’t interested in the current crisis or the even greater crisis looming just that they can carry on blaming private Landlords for the mess they created! As long as the Public continue to believe we are the devil nothing will change. So once again I say “where are you NRLA?!!”
From:
Dominic Tighe
15 February 2022 11:08 AM
Well done for taking the initiative. Each attempt helps to get the message across. Someone’s got to try because our associations are failing miserably. Her responses to you just sum up why we are where we are. Literally no idea!! Just playing politics and is completely ill informed.
From:
Dominic Tighe
10 February 2022 11:36 AM
That’s interesting Jahan. In what capacity did you make these contacts? We need people to engage with them. I imagine your response to the “I’m sure they will find somewhere else to live” must have been incredulity and “is t that attitude what’s got us in this mess in the first place”?
From:
Dominic Tighe
09 February 2022 10:48 AM
It’s like being asked for a favour from your Mugger!!
From:
Dominic Tighe
04 February 2022 11:01 AM
You would have to be very brave to invest in London today. Far too many barriers to entry. Low yields, massive stamp duty, much higher deposits due to gearing and stagnant house price growth. Are any of us surprised? Of course not we’ve been warning the government for years. I guess this is what they would call their “levelling down agenda”.
From:
Dominic Tighe
02 February 2022 11:39 AM
We should all be supporting this register as it’s aims are good. Sadly we are right to doubt it will work because history shows us previous measures have been useless, but that’s not the point in terms of us supporting it. We do need to resist the Layering up of initiatives as it’s too sporadic and costs us more overall. I doubt very much that any of us commenting on this post have much to worry about though as it’s clear we are all engaged in doing the right thing. We’ve all seen what real rogue landlords look like and it would benefit us all to get them out. Sure rents will go up as a result but again that will shine a light on the source of the real problem ie lack of housing. If we push back on everything we just make ourselves look unreasonable and make it easier for anyone who decides to criticise us. We should choose our battles and this isn’t one to fight in my opinion. One final note though …. Once again where is the NRLA???? No comments …. No engagement…. No involvement….. no point!!
From:
Dominic Tighe
01 February 2022 09:54 AM
I feel anything to drive out bad landlords giving our industry a terrible name is a good thing. Having a national register could help patterns to be spotted and best practice to be shared and implemented. A properly thought through policy is required through engagement with our community via NRLA and to work with us in being part of the solution. . However joined up thinking is something our Government has proved itself to be utterly incompetent at and the NRLA has proved itself to be as useful as a chocolate fire guard!! So instead we need to get ready for further hurdles in our way to deliver quality affordable housing to our customers and continue be the whipping boys to divert peoples attention away from the true cause of the housing crisis!
From:
Dominic Tighe
31 January 2022 13:13 PM
I tried to offer a property to the local council for one of mine after the appeal a few months ago … no response!!
From:
Dominic Tighe
28 January 2022 10:49 AM
Still good advice to check whether it’s just a proposal or not. I’m doing this as a standard check already. Agents still appear surprised when I ask to see the whole report rather than just the summary. I often see a summary saying it’s currently rated as E but has potential for C but when you look at the detail the cost to raise it to C would be huge. Also with the current energy crisis a good EPC can become a great asset. I’m just in the process of buying a property that has solar panels already installed which I will be heavily promoting when I advertise it for rent.
From:
Dominic Tighe
28 January 2022 10:41 AM
Agree with everything said by all above and yet still no-one writing these reports talks to us to ask us why we are doing what we are doing!
From:
Dominic Tighe
17 January 2022 09:38 AM
The Buikd to rent blocks in Central Manchester are excellent and high quality. They offer great accommodation to the young more transient professional. Build to rent don’t do family homes though…. Yet! I left the central market a couple of years ago in favour of the suburbs and I’m very glad I did. The yields are better and the capital growth outstrips the centre by miles!
From:
Dominic Tighe
10 January 2022 10:15 AM
Bad policy is always followed by more bad policy to try and correct the consequences. We pray that one day the penny will drop that if Government engage with us we can be part of the solution not just scapegoats… but we aren’t holding our breath. No most of us who have been in the game long enough are already thinking about our next move!
From:
Dominic Tighe
10 January 2022 10:00 AM
A very well written article which comes as no surprise whatsoever to the cohort of Landlords reading it.
From:
Dominic Tighe
08 January 2022 11:26 AM
Changing the name is just painting over the problem and will only be short lived. The real issue is very poor PR on our part. Our associations are badly letting us down with getting our message out there. Until we come out fighting and start exposing where the real blame for the housing crisis lies and highlighting the great work the mass majority of landlords do we will have to keep finding new places to hide!
From:
Dominic Tighe
06 January 2022 11:17 AM
The great irony once again! The article two above talks about attempts to encourage landlords to help resolve the homeless crisis. This is a daily event!
From:
Dominic Tighe
23 December 2021 09:22 AM
12000 people on the housing waiting list and they want to implement rent controls? to improve the situation how exactly? Is there not even just one brain cell functioning correctly in these peoples heads???
From:
Dominic Tighe
16 November 2021 13:03 PM
Does anyone understand Savills definitions of the London Market. They have Prime, Outer Prine, inner commute, outer commute and suburbs plus maybe others? . Does anyone have a map showing what these are? All the above are suggesting double digit growth so what’s left must be going backwards to get an average 5.6% but where are those areas?
From:
Dominic Tighe
10 November 2021 12:32 PM
They are coming too. And it’s a good thing. By raising our game we will survive and perhaps get a bit less criticism!! Market dynamics will always win over any Government initiatives.
From:
Dominic Tighe
03 November 2021 09:14 AM
I sold my two Penthouses in M1 central Manchester just before the Pandemic to buy more family homes in the suburbs. Whilst they were beautiful apartments and gained great rents for many years I could see the writing on the wall and I’ve been proven right. There are thousands coming on to the market at the moment. The real story here though is that Governments should stop fiddling with tax rates and licensing and facilitate improvement in the market through legislation and then stand back and let market dynamics do the rest. I’ve always said I’ll happily be made redundant as a result of the market moving past me, it’s up to me to protect my business model by staying competitive.
From:
Dominic Tighe
03 November 2021 09:11 AM
Jim / Michael I understand where you are coming from. My opening statement was that a “well run” scheme is where we should start. I do have a couple of properties that qualify and sadly of course I might as well give my money to Shelter for all the good it will do us. But I stand by my points. We need to find a way of getting rid of those landlords giving us all such a bad name. And last year removal of tax relief cost me circa 1.5 to 2k net in my pocket per property so I would gladly pay a lot more than £120 a year on a licensing scheme instead particularly if it actually worked and I stopped worrying I might get stoned walking down the street if it got out I was a landlord.
From:
Dominic Tighe
17 September 2021 19:04 PM
I actually have mixed feelings over this. A well run licensing scheme helping to eliminate poor landlords is where we should have started in my opinion together with some kind of measuring process on standards and excellence to recognise good landlords as well. The bad landlords are the fuel for political parties and the press to keep blaming us for the housing crisis. Anyone who thinks there aren’t a good level of unprofessional con artists in our community is delusional. We should do everything we can to chase these people out of the sector. What I object to is the continual layering up of initiatives. £120 a year is nothing compared to the extra stamp duty we pay and the affect of the removal of interest relief. I’d support a proper national program and pay more if I was respected as a proper business that’s regulated professionally and taxed appropriately like any other business not singled out for punishment as a diversionary tactic away from chronic housing policy failures over decades.
From:
Dominic Tighe
15 September 2021 11:04 AM
Wow. I see pre-judgement and bigotry is alive and well on here!!
From:
Dominic Tighe
01 September 2021 12:24 PM
I’ll be interested in this Webinar. I have a property that’s just become available. These people need our help.
From:
Dominic Tighe
01 September 2021 11:37 AM
The main one for me is the removal of interest relief. I don’t mind managing all the other aspects but if my reward at the end is zero I’m not interested.
From:
Dominic Tighe
31 August 2021 10:39 AM
From the article they appear to be focussing more on penalties than incentives. What a surprise. I have Air B&B’s and I’ve said it before, give me back my mortgage interest relief and I’ll turn than back to BTL’s … simples!!
From:
Dominic Tighe
31 August 2021 10:08 AM
On a more serious note… give me back my mortgage interest relief and I’ll happily convert my Air B&B”s back to BTL. In ain’t rocket science. Take it away from my Air B&B’s and I’ll convert them all to Ltd Company. Whilst expensive there will at least be no capital gains to pay as I can prove it’s a legitimate business transfer to incorpoaration.
From:
Dominic Tighe
25 August 2021 11:04 AM
Thanks for the Data Generation Rent. Sounds like we should all be buying in those areas double quick!! What with booming economies due to more tourists and fewer homes to rent I could actually finally make a few quid back on BTL there!! I best call my mortgage Broker!!
From:
Dominic Tighe
25 August 2021 11:00 AM
Very likely Andrew. Steel is another example. £500 a ton in January £1500 a ton today and suppliers will only hold a quote for 48 hours. A school in Oswestry near me put a 1.2m project out to tender and all 5 invited to quote have withdrawn!
From:
Dominic Tighe
11 August 2021 10:37 AM
Good luck to them getting them built!! The materials shortage and massive price inflation will put paid to that plan. Or they will have to increase prices well beyond the market expectations and that will be good news for us!
From:
Dominic Tighe
10 August 2021 11:24 AM
The trouble with bad legislation is it needs more bad legislation to correct its implications. I have converted 6 of my rentals so far to short lets and I’m doing well out of them. But I’m only doing them because of the ridiculous removal of tax relief. If they backtracked on that I would gladly put them back in to the rental market like a shot as whilst they would still make more money as short Lettings than my BTL’s used to before the removal of tax relief they are a lot more work. And if they remove the tax relief on holiday lets too I will just adjust my model again. For some reason the government seems to think us Landlords are all stupid but in reality we are a very innovative and entrepreneurial group of investors and we will just reinvent again! Make me redundant by all means by building more homes!! It really is that simple.
From:
Dominic Tighe
10 August 2021 11:18 AM
Stephen it’s clear you view your tenants as customers like most of us do. We are grateful and respectful when we have a good tenant and find ways to keep them forever. Sadly it’s not seen that way in social housing. Even sadder 99.9% of the population think it’s the other way around.
From:
Dominic Tighe
12 July 2021 11:14 AM
The big question is whether the NRLA can get this information out to the general public and key influencers and decision makers. Sadly I imagine probably not!
From:
Dominic Tighe
12 July 2021 11:10 AM
Very well put. Out of interest where have you got those stats from?
From:
Dominic Tighe
11 June 2021 11:00 AM
Give us our tax relief back and I’ll be happy to reduce rents. Simples!
From:
Dominic Tighe
08 February 2021 11:58 AM
I have always accepted pets where they are suitable to the property but have asked for slightly more rent to cover the risk. Two years ago I had a tenant with a dog that had puppies. She wouldn’t allow us access for property checks or even to do gas safety etc. In the end after she also got behind on her rent we evicted her. When we got inside the damage caused by the dogs was insane and I was left with a 7k bill!!
From:
Dominic Tighe
01 February 2021 09:10 AM
From what I can see so far it’s just not worth it to a landlord to install an air source heat pump. I’ve had a quote of 9k for a three bed house so I’d still have to find 4K. It might be worth encouraging our tenants if they are on benefits in applying as they can get 10k apparently. But frankly the whole thing is so confusing!!
From:
Dominic Tighe
27 January 2021 10:06 AM
Air B&B don’t own the properties so it’s pointless asking them. I have some myself and helped out in the last lock down for NHS staff. However I still get some bookings even in Lockdown because there are contractors classed as essential workers etc so it’s Tricky and when the properties are empty at least the utilities are low. Plus there are other issues relating to tax in that you mustn’t accommodate anyone for more than 30 days or you get classed as BTL again with the consequence of higher taxation. Sadly these days you can’t even do something good without getting hammered!
From:
Dominic Tighe
05 January 2021 11:41 AM
Agreed as per my points above. Arguing with people who write articles missing the point is in itself pointless! It all just distracts from the real housing policy issues.
From:
Dominic Tighe
05 January 2021 11:18 AM
Once again we are all getting drawn in to an argument with someone who doesn’t understand the whole picture and who is missing the point by piling in with the mob to once again blame us! The reason BTL is attractive as an investment is because there is a market opportunity to be filled as a consequence of simple supply and demand dynamics. And that market only exists because of failing housing policy that goes back decades and continues today. I have long said the government is welcome to effectively make me redundant by getting the National housing stock back up. His comments are accurate to an extent but should be treated simply as passing observations and tackled as such So thank you Landlord today for sharing this article but has their been an official response to this guy? I still still see a woeful lack of defence of our industry.
From:
Dominic Tighe
04 January 2021 12:14 PM
It’s hard to understand why double glazing is not considered a primary qualification. Thus to get the full 5k you are going to have to buy an expensive air source heat pump leaving very little for anything else! Does anyone have any ideas on this? Or where the Air Source heat pumps can be bought cost effectively?
From:
Dominic Tighe
01 October 2020 09:45 AM
Andrew Townshend I think most of us would agree. The point of the thread has been lost. What was been called out was the advocating of illegal evictions and the blanket naming of all tenants who cannot pay their rent as pieces of shit! Comments like that just play into the hands of the likes of Shelter and other campaigning bodies that are creating so much trouble for us all as well as being utterly irresponsible. Now if that makes me a “leftie” I guess I better get a Labour Party membership! We will reap what we sow Andrew.
From:
Dominic Tighe
29 July 2020 09:20 AM
@Paul Barrett Thank you for kind words regarding my nativity and idiocy, I shall of course take great heed of your advice as you are so clearly such a seasoned sage of the BTL world and great business guru. Just a couple of observations to make. Firstly I read with great interest that you have had enough and decided to leave the sector. I am sure the whole housing industry will be devastated to hear this news and miss your well balanced commentary. It of course makes me wonder if perhaps encouraging people like you to get out of the game was the governments intention all along? If it was, and I think we all know what kind of person you really are Paul, then strike one to the government I guess. Shame that it took a massive sledge hammer that affects us all to get the odd rotten nut out of the industry but then I guess Machiavelli would have something to say about that. My second point is that over the years I have worked hard to build a solid business through good working practices and developing professional and mutual respect with my tenants. During that time I have still had my fair share of people who have not paid rents for various reasons and even had the odd property trashed at great expense to myself. And yet throughout that time, even with everything the government has thrown at us, through careful business management and adaptation I have made a very respectable living. Reading your advice it seems even stranger that I continue to make a good profit now. Even through this current crisis, through engagement with my tenants we have been able to find a way through and I continue to make a fair and reasonable living. And if tomorrow a few of my tenants suddenly found it impossible to pay the rent and one decided to take the whole thing out on one of my properties my business model would still survive and I would still be able to put some food on the table. And yet you Paul Barrett, this great sage and commentator of the BTL world, this self confessed Warren Buffet of the housing sector could not survive even one defaulter? To quote you from above “Just one wrongun tenant could bankrupt me” It leaves me questioning your advise and wondering who the Naive Idiot really is …
From:
Dominic Tighe
28 July 2020 15:38 PM
Thanks Mark. Im glad we are on the same page.
From:
Dominic Tighe
28 July 2020 14:19 PM
@Mark Wilson. I apologise if the my comments appeared in the thread as if they were aimed at you as they most absolutely were not. They were aimed at David Crisp. I think you and I hold the same views and if you read my comments further down I hope you will agree. Sadly reading the comments that then followed leaves me with my head in my hands! I would also implore more of the responsible balanced landlords on here to speak up. Otherwise this site will end up getting used against us.
From:
Dominic Tighe
28 July 2020 14:06 PM
Paul Barnett I’m not a troll. I am an experienced LL with 20 properties and 30 years in the game. I have had my share of bad tenants and I have experienced the same level of frustration doing something about them as many others in our community. I have also been very frustrated with the victimisation of landlords by the the press and the government over a number of years. What we need is a serious positive PR campaign showing the good work the mass majority of decent landlords do and the positive contribution we make to the housing sector. Without this the pressure will continue to mount on us and there will be more and more damaging ill thought through legislation that will make life harder and harder for the LL community in general and our tenants. Thus I would appeal to you and all our community to think very carefully before supporting comments such as made by David Crisp above where he has advocated breaking the law to evict tenants and referred to All defaulters whatever their circumstances as pieces of shit.
From:
Dominic Tighe
28 July 2020 12:31 PM
100%
From:
Dominic Tighe
28 July 2020 11:54 AM
You are clearly either someone who isn’t a landlord and has created an account to make a comment like that to make the rest of us look bad or you are the sort of Lowlife landlord giving the rest of us a bad name. Either way I hope you get what you deserve in life and also get thrown off this sight as we don’t need people like you!! .
From:
Dominic Tighe
28 July 2020 10:50 AM
A great and needed bit of PR for our industry. Well done those involved. I’ve been making some of mine available to Friebds and family on the front line and also allowed one of my tenants living in a tiny attic apartment to use my Empty larger Air B&B’s for a bit of a change of scenery and she’s been able to keep going with online personal training sessions too!
From:
Dominic Tighe
07 May 2020 13:09 PM
Hey Daniela we are not. It’s just the bulk of the messages posted appear to be the type that then lead to the government and press to tar us landlords with the same brush. I and Karen clearly have more positive views than many and hopefully you are the same. It’s just we tend to be quieter, the angry ones are more vocal so I thought it was time we spoke up!
From:
Dominic Tighe
21 March 2020 12:27 PM
I’m glad I’m not alone in thinking this Karen! Some of the comments just leave me with my head in my hands!
From:
Dominic Tighe
20 March 2020 15:48 PM
Oh and also a message to the NLRA this is your opportunity too to find the good news stories out there and get your positive PR engine going showing how we , the mass majority of good responsible and diligent landlords, can be part of the housing solution. Your strategy of doom and gloom, threats and scare mongering has been completely hopeless and a total failure not least because most of the predictions have proved wrong. You’ve been preaching to the wrong people, the government don’t care they just do what the press and public opinion says they should do. The Press and general public sadly hate us and see us as the cause of all our housing woes ... FACT!! So this is your opportunity to support us by sending out some positive messages for a change ... come on NLRA prove your worth!
From:
Dominic Tighe
18 March 2020 11:49 AM
This is our opportunity to show we are not the hard nosed heartless selfish b******* the press and everyone else portrays us as. Working with tenants to find a way through this is just good business sense! On the other hand we could decide to play hard ball, lose our tenants, not manage to find new ones, give the press even more ammunition to fire at us and leave the door wide open for the government to keep piling more pain on us. We will reap what we sow everyone, maybe, just maybe this is where we get the chance to get the government to ease the relentless attack on us... Opportunity knocks!!
From:
Dominic Tighe
18 March 2020 11:18 AM
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