Ross McColl
Ross McColl
Registered with Property118.com
6th November 2013
Total Posts
0
Total Comments
67
Registered with Property118.com
6th November 2013
Total Posts
0
Total Comments
67
19th September 2024, 2 years ago
The risks of taking on sub par tenants have increased exponentially in the last 5 or so years. Historically landlords could be confident that if they had a bad tenant, they could get their house back in a sensible time...
Read More →Reply to comment left by Clive Kirkham at 19/09/2024 - 10:00
To be clear Mr Twomey. The government are the ones doing the snatching. Landlords are worse off now than they have been for some time. Your negative rhetoric is only exacerbating the issue as supply dwindles and rents spike. Time...
Read More →15th March 2023, 3 years ago
We own a flat in a small block. The freeholder went bankrupt, the receivers stepped in and the freehold reverted to the crown as bona vacantia. The crown has no obligation to comply with the terms of the lease. No...
Read More →12th September 2018, 8 years ago
Yet again another proposal which in reality is a complete farce. I can just see it now. An inspector with no qualifications, working for a private company, which also happens to have a maintenance arm has declared that a property...
Read More →31st July 2018, 8 years ago
Who is the lender? If they are a buy to let only lender??? Are the letters from the mortgage company or the receiver?
Read More →23rd May 2018, 8 years ago
Worth taking a look at the leasehold advisory service. I would think it is very likely that these charges are time barred at 6 years.
Read More →17th October 2017, 9 years ago
My brother has just taken out 2 mortgages with Paragon in a Ltd Company. It only holds Paragon properties and unencumbered at present. I had the same concerns when he took them out, but this has confirmed what I already...
Read More →Reply to comment left by Dylan Morris at 19/12/2016 - 16:51
Reply to the comment left by "Dylan Morris" at "19/12/2016 - 16:51": MX have been crystalising losses since 2008. They do not have a target to make profit. Their only target is to close out the mortgage book and 'return'...
Read More →19th December 2016, 9 years ago
This may not be the answer you are looking for, but my advice would be to squirrel as much of the rent away as possible. MX are completely inflexible, so inevitably, they will repossess and sell your houses, probably at...
Read More →20th November 2016, 9 years ago
My understanding is that if a restriction has been placed on the registry, he would have to go to court to get the restriction removed without your permission. The solicitor of any potential purchaser should spot the restriction straight away...
Read More →5th August 2016, 10 years ago
https://www.citizensadvice.org.uk/debt-and-money/mortgage-problems/how-to-sort-out-your-mortgage-problems/sale-and-rent-back-schemes/ Not a good idea unless the purchase is heavily discounted and you do your homework!!
Read More →Reply to comment left by Ross McColl at 15/07/2016 - 11:30
Reply to the comment left by "Ross McColl" at "15/07/2016 - 11:30": If you raise enough cash to redeem, this is your best chance. I would also try to sell the other because If you redeem one then let the...
Read More →15th July 2016, 10 years ago
In my honest opinion, MX will try to enforce the right to consolidate, they will take the surplus proceeds from sale and put it against the other mortgage. If you decide to not pay one of the MX mortgages it...
Read More →29th June 2016, 10 years ago
My advice is to keep a log of correspondence, pictures of the property etc. From a landlords point of view I would be concerned that you took on a property with a big garden, when you knew you would not...
Read More →20th May 2016, 10 years ago
Thankyou Medway
Read More →11th May 2016, 10 years ago
You could exchange with completion set on or before whatever date you agree to. This gives you the flexibility to complete earlier if necessary, although as Neil pointed out I don't really see why you cannot simply rent the property...
Read More →4th May 2016, 10 years ago
I'm sorry to say you are not the first person to be caught out by this. Your Section 21 has no validity. Does waste your money issuing it to court as it will get thrown out. Protect the deposit asap,...
Read More →1st May 2016, 10 years ago
Why do you need a ground for eviction? Why not just serve a section 21?
Read More →14th April 2016, 10 years ago
PLEDGE COMPLETE!! Keep up the good work.
Read More →Reply to comment left by Paul Caygill at 13/04/2016 - 09:09
Reply to the comment left by "Paul Caygill" at "13/04/2016 - 09:09": It is my understanding that because you are currently on a Statutory Periodic tenancy the Section 13 takes precedence, so yes the landlord can charge the higher rate...
Read More →Showing 20 of 67 comments