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Chaps

Mortgage transactions on hold as Bank of England Chaps system fails today

20/10/2014

Currently UK mortgage borrowers are unable to complete on their house purchases as the Bank of England have found a routine maintenance problems that affects CHAPS (Clearing House Automated Payment System) payments. Managing director of CHAPS, Phil Kenworthy said: “CHAPS is currently unable to process payments. This is due to the Bank of England temporarily… Read more

thermostats

Landlord/letting agent neglecting my emails for settling property maintenance claim

In the month of May this year,I received my quarterly gas bills ,which was shocking as it was around 420 pounds for one quarter period. This couldn’t have been caused by my use as I am single occupant, in office 9-5 on weekdays . Anyways, coincidentally at that time boiler check was scheduled and the… Read more

Tenant Owes 6 Weeks Rent on room in HMO and has moved someone else in

Tenant Owes 6 Weeks Rent on room in HMO and has moved someone else in

I have a tenant who hasn’t paid rent for over 6 weeks.  She is a single mother with a child under 4 years old, she rents one room (upstairs) in the house and shares facilities such as the kitchen, bathroom, and downstairs WC. She told me she can’t afford to pay rent as she only… Read more

Aldermore

Aldermore – Bridging finance and BTL remortgage based on open market value

Challenger bank, Aldermore Mortgages, entered the bridging finance market this year although they only offered their proposition via one distribution company. Their USP’s include bridging rates from 0.64% but they also allow remortgages within 6 months on to their BTL product up to 80% LTV. Why is this great news for Readers? CASE STUDY EXAMPLES;… Read more

Should I redeem my Mortgage Express mortgage

Should I redeem my Mortgage Express mortgage?

Hi guys I currently have a mortgage on a London flat which I purchased 9 years. The flat is now worth about £160K – £170K and my outstanding mortgage is just below £100,000.  My lender is Mortgage Express and although I would like to re-mortgage with them to pull out equity from the property I… Read more

Pitfalls of more than 4 on a single AST

Pitfalls of more than 4 on a single AST?

The other day a professional letting agent told me that if more than four people sharing a house are joint tenants on a single AST, the tenants after the fourth named person are not legally obliged to pay the rent! e.g. 6 people on the AST, this would apply to the people named 5th and… Read more

I think I'm being evicted unfairly

I think I’m being evicted unfairly

After emailing our agent for months to fix issue in the flat, they have replied and it will be fixed and added at the end of their email to ask if we did receive the section 21. I have never been advised that we were been evicted and the section has never been received. I… Read more

Student Accommodation Investment

Student Accommodation Investment – Experiences?

I’m currently being bombarded with student accommodation investment opportunities.  Do they deliver the guaranteed returns promised and what risks come with the investment. Have heard of developers in this market leaving investors out of pocket, what safeguard are there. How many of you out there are already investing in student accommodation? Mike

International Student Wants to Surrender Tenancy

International Student Wants to Surrender Tenancy

Dear readers, I am a current tenant who is settling to terminate a 6 month contract with the landlord due to the property’s unsuitable conditions for myself. I have found a replacement tenant and will surrender my tenancy once the landlord approves the new tenant. I am aware there will be deductions made from my… Read more

Successfully enforcing for unpaid rent

Successfully enforcing for unpaid rent

If you have obtained a CCJ against your tenant for rent arrears (either online or via your local county court) and they still haven’t paid, you can use High Court Enforcement Officers “HCEO’s” to enforce it.  This is done by transferring the County Court judgment up to the High Court for enforcement under a writ… Read more

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