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[doobrey]

The first thing is to establish whether the S21 is valid and deemed served.

Recorded delivery is not generally recommended here since the recipient can refuse it.



What do you mean by 'did not accept this'. Did they turn it away?

And as to whether...

[doobrey]

I could also see a lot of HMOs being dumped (or changed to C3) if this continues. The 'pay stuff that the tenant would normally pay' approach looks quite unfavourable at the moment and pushes up financial risk even higher than it was previously....

[doobrey]

Agreed. I wouldn't consider buying a leasehold house....

[doobrey]

There is one fairly high profile one that I know of which has that rule (for some reason ; can't fathom why). It doesn't apply to all. Assuming that they can find it - and anecdotally the success rate seems fairly high - you can get the address from a tracing agent....

[doobrey]

I bought my first property, with a BTL mortgage, whilst resident overseas. It was possible then but that was some time ago and I'm not sure of the current situation. If it is still possible, I am guessing the options are limited.

Conveyancing is complicated by being overseas. You need docs...

[doobrey]

At the start of the 1970s, the average UK house price was about £4000.

I own and let a house built in the early 70s, hence based on new-build sale price my current gross yield may be pushing 300%. How splendid. I shall take the rest of the day off.

[doobrey]

Agree. Hence I think best to understand gross yield, net yield and leveraged ROI/ROCE. They all tell different parts of the story.

ROI is indeed arguably the most relevant metric here and now since it shows how your capital is performing. However, it can also change dramatically due to...

[doobrey]

Current value. Using expenditure will generally hold for a few years or so, but over a long period of time it becomes meaningless because of inflation.



I think probably most are - although it is more about market rent than inflation. It is the market which determines rental...

[doobrey]

If you shop around (or indeed if you stay with the same agent) it may be worth asking for a discount. I have come to expect it for a portfolio, and it is usually offered in my experience....

[doobrey]

I would say assess your options first. A few years ago I fired my agent and engaged one that turned out to be far worse. The pool is limited and the bar may not be high.

It might also be worth having a meeting with your current agent. Sometimes these problems are down to lack of communication...

[doobrey]

I have sent you a PM.

Also relevant is this thread where I asked much the same thing last year.

[doobrey]

https://england.shelter.org.uk/housi...rom_the_police...

[doobrey]

It is entirely possible to have an infinite ROI (e.g. if you bought with mortgage, added value and then remortgaged to extract the original deposit).

ROI and yield are different measures and have their own pros and cons.

[doobrey]

Both posted yesterday and apparently on the OP's friend's birthday. She was in her late seventies at the time of the first post on the other forum but had turned 80 at the time of this one, later same day....

[doobrey]

As above, 2011 was in the wake of the financial crisis and still seemed like a bit of a buyers market. I was buying in 2011. Not so much now.

[doobrey]

As above, buying is generally better than renting in the long term.

I would say financial priorities (all other things being equal), and with a long time horizon) investment-wise should be something like -

1. Own home
2. ISA/SIPP / maybe other pension
3. Stock market...

[doobrey]

That's a fairly long wait, btw....

[doobrey]

I don't particularly see why you would want to do that.

I wouldn't argue too strenuously against property because it does have its upsides and is probably a fairly effective hedge against inflation, but it doesn't look cheap. And your reference in post #1 to investors (...speculators?)...

[doobrey]

I would suspect the latter....