Marilyn Solomon

Registered with Property118.com
Sunday 23rd June 2013


Latest Comments

Total Number of Property118 Comments: 7

Marilyn Solomon

20:25 PM, 22nd April 2014
About 6 years ago

Investing parent's money?

I can relate to the info given by Yvette, speaking as a family member of a parent who has had to go into a care home (Dad already passed away so the £250k value of their home was spent in care fees in just 5yrs approx, she is now funded by the LA). When the local authority assess/consider fees, that is should your mother need to go into a care home, they will consider the 7 year rule, and decide if any steps were taken to deprive themselves from any assets. So long as one spouse survivals the other in the jointly owned house, they do not consider this as a asset when considering fees. As mentioned somewhere in the trail, it is a minefield. I suggest googling Age UK's factsheet on 'deprivation of Assets, they are also a very good supply for info on this as a starting point. And, yes we would make good use of the TARDIS, if only.... Read More

Marilyn Solomon

19:42 PM, 17th March 2014
About 6 years ago

Landlord responsibilities post break in?

Reply to the comment left by "Simon Coppen" at "17/03/2014 - 16:08":

I take 'LA' to mean Local Authority, as an ex employee of ours, this was the regular term used.... Read More

Marilyn Solomon

18:45 PM, 3rd December 2013
About 6 years ago

To sell or not to sell?

Reply to the comment left by "Dan Grainger" at "29/11/2013 - 20:56":

Hi Dan

There is a national company that operate this way called renttobuy.co.uk. I should say I'm a Agent but do not personally benefit by giving out this info as your property is not in my area. Good luck.... Read More

Marilyn Solomon

20:27 PM, 29th November 2013
About 6 years ago

To sell or not to sell?

I think you've come to the right decision. Invest in another property, wisely (right location, high rental demand). Hopefully the profit from the new investment will more than pay the monthly deficit on your problem property, and in the forthcoming years you will hopefully gain capital growth on each property. I would also advise you to look again at putting a Tenant Buyer in, since you're going to re-let, clearly all Rent to Buy (or Rent to Sell) are not all the same. A tenant-buyer will go in on a normal AST, the morg will remain in your name hence you make the payments (hence pass on money from rental income), so long as you've permission from your Lender to let - clearly you have - this is all they require. You'll have no need for management costs, no minor repairs or maintenance issues and the tenant buyer starts the agreement by a lumps sum payment to you.... Read More

Marilyn Solomon

20:51 PM, 24th September 2013
About 6 years ago

Dilemma - insurance claim required but no consent to let

Hi Jennifer

I'm with C&G and managed to obtain a 'permission to let' with no mention of BTL. I had a change to my circumstances 2 years ago (had to move away to care for elderly parent), they couldn't exactly say no. I think because the move was deemed for non-commercial reasons (I didn't set out to be a LL) they might take a different view. In your case, you've got to go where the work is in order to keep up with your mortgage payments. It at least strengthens your agreement. Just a thought.... Read More