Hi all. Just to update completed on house. MX dropped the 5k charge but I did NOT ask them too as I did not communicate with them. My solicitor was completing and there was no 5k on redemption from MX...
FYI after reading letter again it’s saying I am now being charged £20 a day interest so even if I decide not to sell they getting the money. I fact I’m now probably being forced to sell as it will...
Hi all No not all with MX. I just wanted to know if anybody said they would now not sell and they then backed down on the amount they wanted in excess of the redemption. No the £5k is not...
Hi all Yes the 5k will be used to reduce my other borrowing. I wondered if I say I’m now not selling it (which I am considering) due to this 5k whether they will drop it realising they will not...
Hi. Mortg Co allowed completion but I had to apply for lawful Dev cert and provide within 3 months. I did this and got it and the mortg co did contact me asking for it. Hope that helps. Only got...
Hi mark it seems s24 is affecting a lot of landlords but not all, Infact some are delighted. Those cash rich investors and incorporated ones are unaffected so in effect they are now able to buy properties cheaper due to...
Hi Hugh. I have boi mortgage they never offered my a reduction but yet I have never asked. But they did write to me once offering £5k if I remortgaged elsewhere. I didn't as I am on low interest tracker....
It is quite apparent that George and his highly experienced team have not thought this through, however I think there ego is too big to accept they have done wrong here. They are looking to be a laughing stock amongst...
Hi vlad It depends really whether you desire capital growth or income from your investment. You already probably know that it's more likely you will get better capital growth in London and higher income outside of London ie north. So...
Hi. As per previous quotes I agree with all. I been dealing with similar issues with a large portfolio over the years in brief all of below will help - you can paint walls with an anti mould acrylic paint....
Hi craig Take a bit of advice from everyone, take what YOU feel works for you. Any landlord who has a decent portfolio will tell you the first few houses are the hardest so be prepared for a roller coaster,...
Hello to all, as with mark and the Mr.Banker i can see the points they make and agree you can't say one without having the other ie criminal offence for 2 rent payments missed etc. Yet it wont happen so...
simple to resolve, all you had to do was put these in auctions at reserve of 5k each stipulating they were council stock and each and every one would have sold above the reserve. Again the reason why this island...
It seems most here agree that we have been hit hard as investors, times are hard out there and far many its just seeing it out. For those lucky ones with cash its being like a kid in a sweet...
Hi, with these new planning rules coming in my main concern is whether the council are able to refuse you from having a HMO?? I mean if a landlord is prepared to do all that is necessary ie fire doors,...
11th May 2019, 7 years ago
Hi all. Just to update completed on house. MX dropped the 5k charge but I did NOT ask them too as I did not communicate with them. My solicitor was completing and there was no 5k on redemption from MX...
Read More →9th April 2019, 7 years ago
Hi all. Yes I think I’m just going to pay the £5k and let it be. The only lender I’ve heard bad things about is MX and I’ve always been wary of this.
Read More →9th April 2019, 7 years ago
Hi all. No I’m just worried about making any contact with them as I’ve heard such horror stories over the years.
Read More →3rd April 2019, 7 years ago
FYI after reading letter again it’s saying I am now being charged £20 a day interest so even if I decide not to sell they getting the money. I fact I’m now probably being forced to sell as it will...
Read More →3rd April 2019, 7 years ago
Hi all No not all with MX. I just wanted to know if anybody said they would now not sell and they then backed down on the amount they wanted in excess of the redemption. No the £5k is not...
Read More →3rd April 2019, 7 years ago
Hi all Yes the 5k will be used to reduce my other borrowing. I wondered if I say I’m now not selling it (which I am considering) due to this 5k whether they will drop it realising they will not...
Read More →24th December 2017, 8 years ago
Hi. Mortg Co allowed completion but I had to apply for lawful Dev cert and provide within 3 months. I did this and got it and the mortg co did contact me asking for it. Hope that helps. Only got...
Read More →9th July 2016, 10 years ago
Hi mark it seems s24 is affecting a lot of landlords but not all, Infact some are delighted. Those cash rich investors and incorporated ones are unaffected so in effect they are now able to buy properties cheaper due to...
Read More →14th April 2016, 10 years ago
Hi Hugh. I have boi mortgage they never offered my a reduction but yet I have never asked. But they did write to me once offering £5k if I remortgaged elsewhere. I didn't as I am on low interest tracker....
Read More →29th January 2016, 10 years ago
It is quite apparent that George and his highly experienced team have not thought this through, however I think there ego is too big to accept they have done wrong here. They are looking to be a laughing stock amongst...
Read More →17th March 2015, 11 years ago
Hi vlad It depends really whether you desire capital growth or income from your investment. You already probably know that it's more likely you will get better capital growth in London and higher income outside of London ie north. So...
Read More →10th July 2014, 12 years ago
Hi. As per previous quotes I agree with all. I been dealing with similar issues with a large portfolio over the years in brief all of below will help - you can paint walls with an anti mould acrylic paint....
Read More →24th May 2013, 13 years ago
Hi craig Take a bit of advice from everyone, take what YOU feel works for you. Any landlord who has a decent portfolio will tell you the first few houses are the hardest so be prepared for a roller coaster,...
Read More →9th September 2012, 14 years ago
Hello to all, as with mark and the Mr.Banker i can see the points they make and agree you can't say one without having the other ie criminal offence for 2 rent payments missed etc. Yet it wont happen so...
Read More →23rd July 2011, 15 years ago
simple to resolve, all you had to do was put these in auctions at reserve of 5k each stipulating they were council stock and each and every one would have sold above the reserve. Again the reason why this island...
Read More →23rd July 2011, 15 years ago
It seems most here agree that we have been hit hard as investors, times are hard out there and far many its just seeing it out. For those lucky ones with cash its being like a kid in a sweet...
Read More →4th March 2011, 15 years ago
Hi, with these new planning rules coming in my main concern is whether the council are able to refuse you from having a HMO?? I mean if a landlord is prepared to do all that is necessary ie fire doors,...
Read More →