Jim Duggan

Registered with Property118.com
Thursday 19th January 2017


Latest Comments

Total Number of Property118 Comments: 12

Jim Duggan

17:51 PM, 26th January 2017
About 4 years ago

Help with Consent to Let after whirlwind romance

Thanks for your help everyone. Based on others suggestions pls can you delete this topic?

Cheers,
d... Read More

Jim Duggan

19:48 PM, 22nd January 2017
About 4 years ago

Help with Consent to Let after whirlwind romance

Reply to the comment left by "Michael Barnes" at "22/01/2017 - 19:28":

So this is my current situ Michael:

I 'rented' my place out as in I found tenants that have agreed to move in and they signed the contract but I have not yet. Therefore technically it is not rented.

They were due to move in at the beginning of February though. This is what I meant.

Thanks... Read More

Jim Duggan

19:45 PM, 22nd January 2017
About 4 years ago

Help with Consent to Let after whirlwind romance

Oh and forgot to mention. Did they say anything about higher interest rates or penalties if they do agree to consent to let?

At the end of the day, this is no longer a moral issue for me. This is about pure maths.
And what is possible or not possible.

Also back to the insurance question... Are we talking about building insurance or contents insurance that I would need to inform / change to landlords insurance etc. ?

Right now I am a shared freeholder with one other party and I only have building insurance. I have no contents insurance cos Id only just moved in. Now Ive taken everything out with the exception of couch, 2 beds and a kitchen table. Plus plates and cooking implements.

So I wasnt planning to get contents insurance at all.
I was gonna do a professional inventory so if the tenant broke anything Id be able to reclaim it back via their original deposit.

So Id love it if someone could advise me of what extra / different insurance they think Id need based on my above situation.

Thanks... Read More

Jim Duggan

19:19 PM, 22nd January 2017
About 4 years ago

Help with Consent to Let after whirlwind romance

Reply to the comment left by "Hercules Botha" at "21/01/2017 - 14:31":

Thanks for sending me the lenders handbook, Hercules!
I read the 6.6 bit but Im not sure what it means, except that yes I have to tell the lender. Which I already know now thanks to you guys.

You said you spoke to Woolwich. What did they say exactly?
My broker originally said they require 9 months before consent to let. But you guys both mentioned 6. Hope so, as it seems more likely they will grant it me if thats the case.

I want to go the legal route for sure. I just dont want to sell so soon after I bought. The whole point was it being my first investment etc. But seems like I dont have much choice.... Read More

Jim Duggan

16:16 PM, 22nd January 2017
About 4 years ago

Help with Consent to Let after whirlwind romance

Reply to the comment left by "Thom Hill" at "21/01/2017 - 20:18":

Hi Thom,

Im not using my real name if it makes you feel any better.
And I havent committed any offence yet since Im not renting my property out right now either.... Read More