base property specialsits are at 3 garden walk, London EC2A 3EQ  call them on 02070331901, open from 10 monday to friday till 630pm and 10 am till 3pm saturdays

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

vendors
purchasers
investments
conveyancing
hips
landlords
tenants
management
relocation
online referencing
tds
mortgages
insurance
maintainance
interiors
register
my profile
logout






Base Property Search
base property specialists - base property search

Blog

August 19, 2010

Without Prejudice- vital for Landlords and Agents alike

Filed under: life & business,property,property management London — Kristjan Byfield @ 6:52 pm

So, you have an issue with a Tenant and want to find a quick and amicable solution. However, you are also worried that this won’t be possible and the matter will end up in court costing far more money. How do you go about making offers or proposals that cannot influence the judge should the matter go to court?

Simple; two words- ‘without prejudice’.

Let’s take an example- A Tenant has called you and advised that the bed is broken and needs replacing. You know that, whilst the bed was a few years old, it was in good sound condition and should not have broken through ordinary wear and tear. You want to resolve this quickly and would therefore like to propose you split the cost 50/50 HOWEVER this is only an offer you are prepared to make on the basis this is agreed now. Otherwise you want the full price paid by the Tenant.

This can be simply addressed. When writing to your Tenants, or indeed any correspondence that may have legal implications with regards to a judge and a small claims court, you can have two types of communication.

The first is the official response. This is any form of document (print or digital) that can be provided as evidence in court (if necessary) to support a sides claim. These should be carefully worded and should be very clear about liability/responsibility of the matter in question.

The second is ‘without prejudice’. As long as any offer you make is made ‘without prejudice’ and is in a separate document this can never be shown to a judge as evidence. This is a confidential communication providing that you have kept this correspondence/offer confidential since issuing it! This can also work against the Tenant- should a Judge decide that each party should, indeed, bear the costs 50/50 and you can provide a copy of your offer to this effect the Landlord may penalise the Tenant with a Costs Order as this could have been resolved out of court and saved everyone time and money. ‘Without Prejudice’ can only be used in a genuine dispute and must be a genuine attempt to resolve an issue.

In a world where Tenants are so well protected, it is good to know both as an Agent and a Landlord, that 2 simple words and some careful filing can offer you strong protection is dispute resolution with unreasonable Tenants.

August 13, 2010

Sales soften but Rentals rocket on!

Filed under: finance & mortgages,life & business,property,property management London,taxes — Kristjan Byfield @ 3:56 pm

The sales market has had its first stutter in almost a year. Having made a quite remarkable recovery (given the global disaster banded about everywhere) over the past 12 months, Vendors and Agents alike have seen the market slow considerably.

Traditionally, of course, the summer months are quieter months due to the holiday season….maybe this is all it is. We will soon know by mid October!

Of course, some also blame the abolition of HIPs. Hated by Agents and public alike for so long, Agents have come to realise one good thing about them- you knew Vendors were serious about selling. Very few Vendors would be willing to shell out £300 just to ‘test the market’. With the departure of HIPs, we are back to the days when listing a property costs nothing (at least not to the Vendor if you user an Agent). This has meant that a gluttony of property has hit the market, far too much of it at over-inflated, un-sellable prices, softening the market with over supply.

Of course, over time, it will adjust….but this is not doing anyone any favours!

The rental market on the other hand has had its foot on the accelerator since early May and has no intention of slowing down. Demand is constantly climbing, and prices with it, much to the delight of Landlords and Letting Agents all over the City.

Of course, we are in the Letting Boom Months now and every Agent will be madly scrabbling to secure every deal they can before October arrives.

Why before October arrives? Quite simply- because none of us know what will happen as we climb back in to the winter months. With December and January traditionally very quiet due to festivities and the expense of the time of year, deals are usually thin on the ground. Could this year be different?

Who knows, we all have to just wait and see! But if you are a Landlord, the market is great right now- give your local agent (or me) a call….you might be surprised how much better rents are than last year!

August 6, 2010

Shortage of 4+ bedroom rental properties in London

Filed under: life & business,property,property management London — Kristjan Byfield @ 5:20 pm

With relatively pointless, rushed and scare-mongering legislation over the last 2-3 years there has been a distinct decline in 4+ bedroom properties hitting the low-middle income London lettings market.

Has there been a decline in demand? Quite the opposite! Every year we have more and more groups register on our books desperately searching for that elusive larger rental property.

The outcome? Tenants in the area of the market are usually left with 3 options- split up in to smaller groups renting other properties, take a property they don’t really like or in an area they don’t really want or pay a premium.

Those last three words should have got the attention of every Landlord in this sector- pay a premium you say?

This, of course, is not guaranteed. Area and condition/presentation of the property is a factor. However, if the property is marketed at the right time (Aug/Sept) and is marketed in the right way (sorry, can’t give away ALL my secrets) then you should be getting an absolute premium for your property every time!

The simple fact remains, when demand outstrips supply (which it does every year for this sector) then there is money to be made. If you are no happy with the rent you are currently getting on your property then you simply aren’t using the right agent!

As an independent company, I constantly re-iterate to my staff that if a Landlord loses 10%- so do we! This can’t always be avoided but, in this property sector, you should get a premium time and time again.

If you are not happy with the rent you are getting- shop around. If you don’t know who to call, call me- we have people already queuing round the block for 4+ rentals.

July 28, 2010

Beliefs are human computer programs

Filed under: health & fitness,life & business — Kristjan Byfield @ 5:17 pm

It is funny to remember when NLP (Neuro-Linguistic-Programming) became famous in the early 80’s that people were shocked to hear behaviour and personality defined as programs. It was shocking to compare a human being to a computer!

Today, science is going far beyond this notion. Quantum physics specifically affirms that we can’t be only observers in this world but contributors. This notion changes everything. The universe would not exist without consciousness and our own mind is building reality. Is that hard to believe?

We can’t look at something without influencing it and it seems that we are part of a gigantic Universal computer. Depending on our beliefs, we allow different kinds of events to happen in our lives, exactly like a program allowing you to open some documents. It actually makes perfect sense. Our beliefs are framing the territory of possibilities and if you don’t believe in the magic of life, it does not mean that it does not exist but that you can’t access it.

Our beliefs change our environment and health. The placebo and nocebo effects are well known and obviously important in the way we can either improve or damage our health. What is interesting is that all the double blind studies conducted for new molecules are showing an increase of the placebo effect. It is as if the program for self-healing is getting stronger.

Our beliefs seem to be a major factor in the whole process. If you want to make a presentation and you don’t have Powerpoint on your computer, it is much more difficult. In the same way, without the right beliefs, you cannot access certain levels of reality where, for example, your own inner power can heal you efficiently.

Don’t try to convince someone of anything. If the person does not have the right program, it will be almost impossible to believe you, because the reality of the person does not include this possibility.  The famous St Thomas quote: “I believe what I can see”. Do you see electricity, do you see air, viruses, energy..?

Because we are the architects of our life and environment, our beliefs are creating our life and vice versa. If I see the glass half empty, my life is unfolding according to this belief. So I have every reason to keep believing the same thing and to reject the ‘half full’ notion. In other words, changing beliefs is a gamble and needs strong commitment and faith to succeed.

The only hope, seeing how someone else’s life is different, is for some people to question their beliefs. What is he/she doing differently to obtain this result? Too often the notion of “they’re just lucky” gives an easy reason not to questions your own beliefs and patterns. Exemplarity is the only way to perhaps make people move on from the half empty position.

The only advice that I can give you is to stay as open as you can in order to be able to download more programs allowing you to have a wider range of experiences. And what if the all notion of beliefs and programs is true- do you believe it?

It is all up to you.

This article was written and supplied by Denis Gorce-Bourge of www.gblifecoaching.com

July 20, 2010

The Foot- Our Platform for Stability (Part 1)

Filed under: health & fitness,life & business — Kristjan Byfield @ 4:30 pm

According to Britain’s Chartered Society of Physiotherapy, up to 60% of sports injuries are caused by worn-out or unsuitable footwear.

Proper footwear can potentially prevent, reduce and/or treat mechanical factors associated with injuries to the lower extremities and the lower back. The foot provides dynamic stability for a person’s entire body weight, while simultaneously maintaining flexibility for shock absorption and propulsion along uneven surfaces. As a result, there are unique biomechanical demands on the foot.

One of the body’s adaptations to these demands is through specialized movements in the foot, such as Pronation. Unless there is a severe, acute injury, pronation develops as a gradual biomechanical distortion. Several factors contribute to developing pronation, including tibialis posterior weakness,  ligament weakness, excess weight, flat feet, knock knees, subtalar aversion, or other biomechanical distortions in the foot or ankle.

Tibialis posterior weakness is one of the primary factors leading to pronation. Pronation primarily is controlled by the architecture of the foot and eccentric activation of the tibialis posterior. If the tibialis posterior is weak, the muscle cannot adequately slow the natural pronation cycle. This can become a contributing factor to lower back pain and lower extremity disorders, such as plantar fasciitis, ankle injuries, foot pain, shin splints as well as various knee and hip injuries.

Back pain due to foot pronation

The inward rotation of the leg that occurs as the foot pronates causes the pelvis to lean forwards (anterior tilt) and drop. This increases the curvature of the lower spine (see picture below) and the muscles become tight and sore. If the foot pronation occurs more in one foot than the other, this will cause the pelvis to become uneven. The leg will become shorter on the more pronated side and the lower spine may tilt in the opposite direction to prevent leaning. As a result, muscles and joints become painful and walking becomes less efficient. Pronation usually is corrected with orthotics, which are especially designed shoe inserts helping to restore the natural position of your foot and/or strengthening exercises for the tibialis posterior.

Here are some strengthening exercises for the Tibialis Posterior:

1. Use a ‘theraband’ or the inner tube of a bicycle-

Place two fingers on the outside of your knee to stop it moving to the side.

Now contract the Tibialis posterior muscle by letting the ankle pull against the rubber tubing, trying to lift the foot arch off the floor by rolling the ankle outwards. Here, it is still only partially raised off the ground.

Note that this is the situation in a healthy, fully functional lower leg and foot. In the situation for an already over strained and insufficient tibialis muscle, the foot arch would not lift even this much.

2. Form foot arch as seen above.

Place the fingers inside of the knee, and encourage the knee to move to the side.

The femur thus laterally rotates to catch up with the lateral rotation in the tibia, and the knee is no longer twisted.

Note how the foot arch fully lifts by combining the twin strategies of contracting the Tibialis posterior muscle and moving the knee laterally.

Also, Deep Tissue Massage treatments can relieve myofascial trigger points in the tibialis posterior, and other muscles, and address any resulting neuromuscular dysfunction in the leg or foot.

Do I need Orthotics?

Many foot symptoms ranging from general aches to painful bone and foot problems such as heel pains, bunions, calluses and knee or back pain, can be caused by collapsed and fallen arches.

Orthotics are especially designed shoe inserts which help to restore the natural position of your foot and realigning the joints within the foot in order to relieve the various symptoms. Left foot is corrected with a casted orthotic.

Do I wear Orthotics all day?

Orthotics, like glasses, work only when you use them. They do not change the structure of a foot, but help realign its joints to improve posture and function and relieve foot pain.

All day use of your orthotics is generally recommended to control or reduce pain or fatigue.

This article was written and provided by Barbara Brunner of www.brunnertraining.com

Landlords- remember your agents!!

Filed under: life & business,property,property management London — Kristjan Byfield @ 4:06 pm

It always surprises me to talk to a Landlord that has had several lets successfully completed by us and hear them say ‘I have had my property on the market with Agent X for a month now with no joy’.

Why didn’t you call us?????

Despite the best of efforts, it can be difficult to stay in verbal contact with all your clients every month. No matter how hard you try, particularly in busy months, allocating the time to call them up can simply be impossible.

We, like many agents,  make every effort to stay in contact electronically with emails, newsletters and a host of social networking sites but, whilst these bear some fruits, the reality is verbal communication is king. Everyone likes to hear a voice at the end of the phone and to feel special and valued.

Landlords- not getting regular calls from your agent is not a failing but often down to just simple logistics, especially when dealing with a smaller independent agent and not some vast corporate behemoth. If an agent works well for you remember to stay in contact with them- ultimately it is in your best interest.

Yes, we are the ones you pay fees to and therefore make money from you but if your flat sits empty, or rents for less than it should or you get bad Tenants, then you are the one that suffers as a result. Why risk any of this on an agent you don’t know or, worse still, that has performed badly for you in the past?

If you have a good agent- remember them! Keep their details on your phone, in your  filofax, in Outlook- wherever it is you go when you need to contact someone about your property. This also means they are to hand if any friends or contacts ask if you can recommend a good agent- at the very least the agent will appreciate this immensely but can sometimes mean extra benefits!!

July 16, 2010

Property Owners: Make the most of the weather!!

Filed under: life & business,property,property management London — Kristjan Byfield @ 5:51 pm

Every agent loves this time of year- yes it can get a bit hot for rushing around, but there is no better time of year to show a property than during (good) summer months.

With natural light a problem in so many properties in London, particularly many of the new builds in close proximity to one another and with smaller windows, this is a great opportunity to show ‘bright spaces’. Light fills most properties at this time of year and late in to the popular evening viewings ensuring every inch of the property can be clearly seen.

Of course there is a downside to this- if your property is looking tired and worn or dirty or you have grimy windows there is no longer any hiding place.

Summer, at least for Lettings, has long been the busiest time of the year. Due to the high level of demand from students, graduates and professionals alike and the weather, it can be an excellent time to let out your property and maximise your rent return.

Just make sure YOU are making the most of this period. It is absolutely vital at this time of year that properties are, where possible, shown clean and tidy. Make sure any minor maintenance issues are dealt with prior to marketing and that items like windows are given a good clean in & out. Clean, bright windows make an excellent impact on any viewer- grimy ones can leave a property looking dull and an applicant deeply uninspired.

Of course, you have to gauge this along with your tenants- if they are messy and dirty then these works may be money wasted whilst they are still living there. With good tenants this often spurs them to make an extra effort in presenting the property during the last couple of months s they see you are investing in preparing and presenting it.

Don’t miss out- whether you take the task to hand yourself, hire professionals or have your lettings/managing agent sort it for you this can be money well worth spending!

July 14, 2010

Furniture & Appliances- how to claim and save on your tax bill!

If you rent out furnished property, other than holiday lets, you are allowed to claim the cost either through:

10% wear & tear allowance

The allowance is given every year and is equal to 10% of the net of the total rent for the period less charges and services which would normally be paid by the tenant, such as Council Tax, water rates etc).

or

On a renewals basis

If you use the renewals basis you cannot claim for the original purchase of the equipment (fridges, hobs, ovens etc.) furniture or fixtures.

You can, however, claim the cost of renewing any of the above items, perhaps, even at the end of the let.

If you would like to discuss this further and join us at GC Accountants please contact our Tax Partner Harry Charalambou ACA ACCA on 020-8886-3672.

Disclaimer

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken by GC Accountants or Base Property Specialists Limited for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

July 8, 2010

General maintenance tips for Landlords

Filed under: life & business,property,property management London — Kristjan Byfield @ 4:31 pm

If you are renting out a property, and particularly if the plan is to do this over an extended period of time, there are several points of upkeep well worth considering:

Boiler & Heating- as well as the mandatory annual Gas safety certificate it is well worth having this serviced on a regular basis. Some do it annually but you should definitely consider it at least once every 2-3 years.

Plumbing, Drains & Gutters- If you have a house it is recommended that at least once a year (particularly if near any trees) you have all gutters and external drains cleared of all debris. For internal plumbing, it is becoming more commonplace in blocks of flats that Leaseholders are required to have an annual plumbing inspection. This is no bad thing and can help avoid major leaks and damage to multiple properties. It is also worth flushing all drains and toilets with some sort of drain cleaner after each tenancy to help avoid the build up of grease and waste in the pipes (however do follow instructions and DO NOT leave a caustic cleaner sitting in plastic pipes for weeks- you will return to a nightmare!!).

Mastik & Sealants- inspect these annually if you can. If in doubt (or looking mouldy) re-do them now! This is cheap to do, keeps bathrooms & kitchens looking fresh and neat and helps avoid minor leaks.

Garden- Despite Tenants best intentions, it is incredibly rare that these are maintained properly. It is well worth having a gardener attend the property at least once (preferably twice though) and give everything the once over ensuring weeds are removed and plants/trees pruned effectively.

Carpets- The cleanliness of carpets on return of a property is a cause for numerous disputes. Nip this in the bud! Have all carpets and soft furnishings professionally steam cleaned before your first tenancy and require in the contract that all tenants do this at the end of theirs and provide a receipt as proof. This way your tenants get theirs in nice clean condition and you know you will get it back that way.

Painting- you should be prepared to have at the very least the walls (if not ceilings and woodwork too) re-painted every 3-5 years. Whoever you use (or if you do it yourself) make sure you use good quality paint. It looks better and is far more durable.

Consumables- if you provide, bedding, linen, pots, pans, etc be prepared to replace these on almost a tenancy by tenancy basis. Where possible we recommend you do not offer this from the start- you can always provide it if requested.

This list should help you keep your property in tip-top condition helping you get maximum rent with minimum voids. Being proactive will also help avoid costly maintenance issues and possible insurance claims and damage liability.

June 28, 2010

The honesty puzzle

Filed under: health & fitness,life & business — Kristjan Byfield @ 5:10 pm

How many times do I hear patients complaining about their environment, people around them, friends, partners…?

Our environment is the mirror of our inner world and reality. How can we expect to have the right surrounding if we are not true to ourselves and others? We have the friends, the partners, and the boss that we deserve. If you want to change your surroundings, change how honest you are both with yourself and those around you. Don’t try to be somebody else or you will have somebody else’s friends, partner and boss!

We are like a puzzle piece and our we have a specific purpose. We are a corner or a piece of sky or whatever else but, if we are not true and honest, we can’t be at the right spot on the puzzle. This then puts the rest of the puzzle out of place as you are taking someone else’s place and so the cycle continues…..

If we embrace, respect and love who we really are the world around us will change accordingly and, little by little, the big puzzle will change and the big picture will appear.

Genuine, beneficial change can only happen if you are genuinely honest with yourself. Accepting who we are is the safest and quickest way to evolve and grow.

The more you are true to yourself, the more you will see people that you do not really like disappear and new people appear. Perhaps will you see someone appear around you that can become your partner, your new boss or a great friend?

How can you be yourself? Well, the simplest answer is to work on yourself and try to listen. Do you say ‘No’ when you want to, or do you answer according to how those around you might react? That’s your first step in the right direction! What is the real you? Are you faking reactions? Do you pretend it doesn’t matter when someone hurts you? You can express the fact that it hearts and it will not make you appear weak or overly sensitive. It takes courage to express your emotions.

Your life could be very different if you would really commit to yourself and to what makes you happy instead of spending so much energy trying to please others.

The puzzle is waiting to become a lovely picture and you can help the collective process by truly helping yourself.

This article was written by Denis Gorce-Bourge of www.gblifecoaching.com International Executive Coach, Trainer and Psychotherapist.

Older Posts »
020 7033 1901
 
Just in case you were wondering, our services are as follows:

home | sales | vendors | purchasers | investments | conveyancing | HIPs | lettings | landlords | tenants | management | relocation | online referencing | TDS
NAEA/OEA | mortgages | insurance | interiors | maintenance | inventories | worldwide | recruitment | register | feedback | contact | FAQs | blog | links

areas we cover