Emily Callaghan

Registered with Property118.com
Saturday 5th November 2016


Latest Comments

Total Number of Property118 Comments: 8

Emily Callaghan

9:15 AM, 15th July 2019
About A week ago

What to do now we have moved away?

Thank you all so much for your very helpful advice and comments. I will contact Howard for a chat. As my tenants are so nice and have kept the property in immaculate condition, we are going to let them have another 6 months , which ends in January, with the idea that we either sell as a going concern, keep and re-let or market in early Sept and they will happily show round buyers for us. As to what to do with the approx 65,000 invested, that is the question that needs to be sorted. Our mortgage is interest only and is only 110 a month but ends in December with then reverting to the base rate, which of course we don't want. It could sell straight away but then again, could hang around for months, who knows but if so I guess Letting Supermarket can help with that problem. My cunning plan is to sell all buy-to-lets any way in about 15 years and spend the bloody lot before illness and or infirmity looms.... Read More

Emily Callaghan

16:59 PM, 11th July 2019
About 2 weeks ago

What to do now we have moved away?

Reply to the comment left by Neil Patterson at 11/07/2019 - 11:22
Hi Neil,

Thanks for your reply. I am a Norfolk girl and very glad to be back here, shame about the circumstances. I did think of a periodic tenancy, this means that we both only have to give each other 1 month's notice (2 months?) I am 56, husband 48 soon , no kids. I am a non tax payer, he earns about £40,000 per year if he does overtime. I did go to see a financial adviser but he told me with my very modest pot of £100,000 pension, it would not be worth paying them to help due to costs. I plan to go out with nothing left as seeing my very financially comfortable off parents scrimp and save, only to both become very ill, never to enjoy the results of their prudence has taught me a hard lesson. I am thinking of buying another flat in Norwich as the returns are better and prices are still going up. I am wondering if this is a good idea though with all that is happening in politics at the moment though, never mind the constant attacks on landlords.... Read More

Emily Callaghan

6:53 AM, 15th November 2016
About 3 years ago

Tiny Portfolio - Any advice for accidental landlord

Reply to the comment left by "John Constant" at "12/11/2016 - 09:24":

Hi John,

thanks for your comments, yes , my brother lives in Kent. He has a mortgage on a house there so probably cannot take on another, is comfortably off , hence not hassling me to move out and hand over his half of the house. The mortgage we have at present is with Nat West, it came with no fees and is about 3.5% interest only. We can of course overpay as it is only £166 a month. I was just thinking that the rates are so low for owner occupier at the moment, a residential one might be better? As it is only for £65000 I don't think it worth getting one with fees. I am happy to add my husband to the property if necessary - if he divorces me, he is entitled to half what is mine anyway I guess (I am hoping that this will not happen, we have been together for 21 years). Any advice is greatly appreciated.... Read More

Emily Callaghan

17:50 PM, 7th November 2016
About 3 years ago

Tiny Portfolio - Any advice for accidental landlord

Reply to the comment left by "Richard U" at "07/11/2016 - 16:33":

Hi Richard,

you are right, but as the house is owned jointly with my brother, I would rather stay put as I have no energy left to move at present. It does hold enormous emotional ties on us both as it is our family house, owned for 45 years. I am seeking advice as I do need to make some sort of financial plan to make sure that my affairs are correct and making me the best income/tax efficient arrangement possible. I am not a risk taker so probably will not add any more properties especially as the government seems to have it in for private landlords. This site has been a great help to me already.... Read More

Emily Callaghan

17:43 PM, 7th November 2016
About 3 years ago

Tiny Portfolio - Any advice for accidental landlord

Reply to the comment left by "Old Mrs Landlord" at "07/11/2016 - 15:22":

Hello Old Mrs Landlord,

thanks yes I did have carers allowance - £62 a week. Not really much considering but better than nothing. I have now given this up as from this week when my mother entered the care home full time.... Read More