Ross McColl

Registered with
Wednesday 6th November 2013

Latest Comments

Total Number of Property118 Comments: 64

Ross McColl

12:00 PM, 12th September 2018, About 4 years ago

Having the Rugg pulled out from under - 'MOT Check'!

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 is unsafe due to extensive damp. Sorry, I mean condensation. Where is the measuring stick and who marks it up??
Another blunt instrument with no link to the real world or any practical implications. I wonder what it is like to live in such an idealistic world.... Read More

Ross McColl

11:18 AM, 31st July 2018, About 4 years ago

Landlord's post threatening repossession?

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

Ross McColl

8:13 AM, 23rd May 2018, About 4 years ago

New Freeholder demanding back fees for renting?

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

Ross McColl

9:08 AM, 17th October 2017, About 5 years ago

Floating Charge on LTD company mortgage

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 thought.... Read More

Ross McColl

16:59 PM, 19th December 2016, About 5 years ago

Negative equity and end of mortgage term?

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' the money to the taxpayer. I assume they have already written off a lot of debt as toxic anyway, so anything more than 10% of the debt repaid is a job well done. They do not act as a business in the traditional sense so don't make rational decisions as a business would. They would not need to get a possession order in court as such. You will not get your day in court. They will instruct LPA's, who they will say are your agent, then the LPA will sell the houses on your behalf at a huge loss, probably to one of their friends, who will make a tidy profit. This sounds extreme I know, but I am not a pessimist, just a realist. Just type in CAG Mortgage Express LPA Receiver into Google.... Read More