Peter Mclelland

Registered with Property118.com
Sunday 13th July 2014


Latest Comments

Total Number of Property118 Comments: 2

Peter Mclelland

12:43 PM, 23rd March 2016
About 3 years ago

Use of my SIPP to finance holiday let property

Thanks for the advice everyone

Kind regards

Pete... Read More

Peter Mclelland

19:41 PM, 20th December 2014
About 4 years ago

Had a CCJ demanding 3 times the deposit

Hello Mary, I took a deposit from my tenants and put it straight into a DPS account. 8 months into the tenancy they where behind on the rent and we came to a mutual agreement to use the deposit as part payment for the arrears.

There is now no deposit on the property and the tenants look after the house, with the rent being paid by the LHA.

Use of the Deposit from the DPS was agreed by both parties with all correspondence kept as proof of agreement.

Can you see any problems with what we have done, apart from the fact in taking some risk of now having no deposit held against the property?... Read More