PropertyInvesting.com | 5c1eb9d2 | Activity https://www.propertyinvesting.com/members/5c1eb9d2/activity/ Activity feed for 5c1eb9d2. Thu, 06 Nov 2025 12:03:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a60feed1ec58bd90be820dc54a134adf 5c1eb9d2 replied to the topic Any UK investors??? in the forum Overseas Deals https://www.propertyinvesting.com/topic/5038382-any-uk-investors/#post-5040475 Fri, 06 Oct 2017 19:54:45 +0000 Refixing (remortgaging), is not easy but some brokers specialise in mortgages for expats. The only back-door way to remortgage is to do a ‘product transfer’ at the end of the fixed period. This can only be with the same lender and only switches you to the lenders variable rate which is much higher (as far as I’m aware). I understand that few…[Read more]

]]> 90f048dd2b6ed85496f0bdbe2184515d 5c1eb9d2 replied to the topic Any UK investors??? in the forum Overseas Deals https://www.propertyinvesting.com/topic/5038382-any-uk-investors/#post-5040441 Thu, 05 Oct 2017 21:08:53 +0000 I’m in the UK now, having moved back from Sydney last year.
And, yes, I’m looking for deals to invest in the near future.
Mortgages are harder to obtain here. All sorts of objections have been given by lenders, EG:
Must have been UK resident for the last 3 years
Employed, being paid GBP, not self employed.
Must own your residential property before…[Read more]

]]> c8aae99ce2f4c47c01892b0e23c4ee59 5c1eb9d2 replied to the topic Think you have good insurance? Read This in the forum Heads Up! https://www.propertyinvesting.com/topic/5030247-think-you-have-good-insurance-read-this/page/2/#post-5030561 Fri, 14 Oct 2016 21:19:31 +0000 Dear All,
Thank you. I have read all the above posts with great interest and feel much better informed as a result.
Interestingly, no one has replied saying that they have discovered holes in their insurance policies as a result of my Heads-Up.
The chatter in the above recent posts just goes to show what a minefield this can be and that there must…[Read more]

]]> 7a0dc36e2f883639cf30533c067bb522 5c1eb9d2 replied to the topic Think you have good insurance? Read This in the forum Heads Up! https://www.propertyinvesting.com/topic/5030247-think-you-have-good-insurance-read-this/page/2/#post-5030411 Tue, 11 Oct 2016 20:29:42 +0000 Thanks Benny,
This is the first claim I have had to make in 16 years as a landlord. Unfortunately, it is a doozy.
Easy to get complacent with insurance, thinking I had good cover, when in fact, it was sorely lacking.
I hope that some landlords have had a good look at their PDS document as a result of this post.

]]> a2befef335630be0320e2e6a49e53149 5c1eb9d2 replied to the topic Think you have good insurance? Read This in the forum Heads Up! https://www.propertyinvesting.com/topic/5030247-think-you-have-good-insurance-read-this/#post-5030392 Mon, 10 Oct 2016 20:29:17 +0000 Thank you Ethan, I will finalise the claim process with QBE and then we can talk about a new policy.
I hope my experience has been a good warning to others to read all the fine print and make sure that that they are adequately covered, irrespective of what it might say on the cover note..

]]> 1b4cb87013189e09c08232e3337a7d05 5c1eb9d2 replied to the topic Think you have good insurance? Read This in the forum Heads Up! https://www.propertyinvesting.com/topic/5030247-think-you-have-good-insurance-read-this/#post-5030376 Sun, 09 Oct 2016 21:11:35 +0000 Thanks Benny, That is a great help.

]]> 76125c4e58066040ba1d3b6ce94eae51 5c1eb9d2 replied to the topic Think you have good insurance? Read This in the forum Heads Up! https://www.propertyinvesting.com/topic/5030247-think-you-have-good-insurance-read-this/#post-5030373 Sun, 09 Oct 2016 20:41:32 +0000 Thanks Benny,
I will pursue the insurance broker option.

]]> 419a63a41d10437fd5a4f69873867908 5c1eb9d2 replied to the topic Think you have good insurance? Read This in the forum Heads Up! https://www.propertyinvesting.com/topic/5030247-think-you-have-good-insurance-read-this/#post-5030371 Sun, 09 Oct 2016 14:27:44 +0000 The problem was discovered on the first quarterly inspection by the letting agent.

Re: QBE Insurance. Yes, I failed to read the entire PDS all the way to page 45 to find out about the malicious damage get-out clause. I only have myself to blame for this.
The reason for my post is to warn others based on my experience since I suspect that there…[Read more]

]]> d500d17aa8c828ae81adcd9bc8070187 5c1eb9d2 replied to the topic Think you have good insurance? Read This in the forum Heads Up! https://www.propertyinvesting.com/topic/5030247-think-you-have-good-insurance-read-this/#post-5030362 Sat, 08 Oct 2016 21:08:34 +0000 Thanks Hydramax,
I’m impressed at your diligence.
Unfortunately, I have had to learn the hard way with QBE.
Any suggestions for where I should turn for a Landlords insurance policy that is fair when it comes to malicious damage?
There must be hundreds of subscribers that are in a similar ‘at risk’ state.
Thanks,

]]> 3a97d3c330c83692f2e604bc09d619f8 5c1eb9d2 replied to the topic Think you have good insurance? Read This in the forum Heads Up! https://www.propertyinvesting.com/topic/5030247-think-you-have-good-insurance-read-this/#post-5030320 Thu, 06 Oct 2016 18:38:04 +0000 Thanks Jason,
So, I’m on the look out for an insurer for landlords that does not have the sneaky limiting clause for ‘malicious’ damage.
I consider myself lucky since, if the tenant had caused a fire by their ‘malicious’ action, the building cover would have been a crippling $10,000. Not the $640,000 that I thought I was insured for.
Anyone know…[Read more]

]]> 0dd810923e9b1174e23310784b83b722 5c1eb9d2 replied to the topic Think you have good insurance? Read This in the forum Heads Up! https://www.propertyinvesting.com/topic/5030247-think-you-have-good-insurance-read-this/#post-5030302 Wed, 05 Oct 2016 19:22:33 +0000 Yes, I wish more people knew about this insurance racket.
Maybe a good idea for Propertyinvesting.com members to have a list of insurers that do not have this clause that severely limits payouts for anything deemed a ‘deliberate act’ by the tenant.

]]> 287b35ff1bb69a5fdc472b3715aa8405 5c1eb9d2 replied to the topic Think you have good insurance? Read This in the forum Heads Up! https://www.propertyinvesting.com/topic/5030247-think-you-have-good-insurance-read-this/#post-5030269 Wed, 05 Oct 2016 07:02:27 +0000 Hi Benny,
Plastic everywhere including on all walls.
Water damage to floors. All carpets to be replaced and dried.
Holes in walls for ducting. Walls need rectification and fully redecorated.
Electrical wiring tapered with. Electrical surveys and repair.
Wiring strung from ceilings. Lights disabled. Smoke alarms disconnected.
Huge amount of debris…[Read more]

]]> f2710e8e295d670491a2163fa79930d3 5c1eb9d2 started the topic Think you have good insurance? Read This in the forum Heads Up! https://www.propertyinvesting.com/topic/5030247-think-you-have-good-insurance-read-this/ Tue, 04 Oct 2016 21:21:07 +0000 Just a word of warning.
I had Landlords Insurance (including malicious damage by the tenant) with QBE.
Building: $640K (full rebuild cost)
Contents: $70K (hardly necessary as it was let unfurnished)
Sounds pretty good cover ey?
So I thought I was covered when the tenant grew canabis in my IP!!

BUT, QBE hid a clause for all ‘malicious’ acts by the…[Read more]

]]> 7759903f2d1609f27f0c1e315684631d 5c1eb9d2 posted an update: Tennant grew cannabis at my Sydney Property! House has been […] https://www.propertyinvesting.com/activity/p/349394/ Sun, 18 Sep 2016 20:25:33 +0000 Tennant grew cannabis at my Sydney Property! House has been extensively damaged. Luckily, I have good insurance! Anyone experienced in how to manage and avoid pitfalls in rectification?

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