user_9062

Registered with Property118.com
Thursday 15th October 2015


Latest Comments

Total Number of Property118 Comments: 21

neils26

15:32 PM, 23rd February 2017
About 3 years ago

Landlords hesitant to rent to international students

I've got some potential Romanian tenants, not students, but one of them working shifts at Morrisons. The wife does not work or speak english, and they have young child. Been in the country 2 months, staying with cousin who rents nearby. The husbands english is poor, and I'm not sure he understands what I say about tenancy/rent payments etc.

Would you consider renting to them ? Or does this comment from another forum make perfect sense... "If they can't be credit checked, have a decent, checkable renting history and don't speak fluent English then "I'm out" "... Read More

neils26

13:59 PM, 22nd November 2016
About 4 years ago

Property Deal Packaging

>>You would need to purchase a licence but to do that you would first need to obtain Ombudsman approval. To obtain that you will require Professional Indemnity insurance

I understand the PI Insurance and Property Ombudsman Membership... but I can find no mention of purchase a 'licence' on top of Ombudsman membership ? Is there something else ?... Read More

neils26

10:01 AM, 19th April 2016
About 4 years ago

Mortgage Express - Are they looking to break mortgage contracts?

Could it be the 'Leap Year' this year that has caused these small changes ? That would make some changes to the annual interest, causing a small change in monthly payment. Good if they would tell us that. Anyway, it seems mx are not the most immediate threat to private landlords. Time for a sensible thread on how to avoid the interest relief changes, by incorporation etc..... Read More

neils26

12:32 PM, 16th April 2016
About 4 years ago

Mortgage Express - Are they looking to break mortgage contracts?

My annual statement has arrived this morn, and all mortgages have changed by amounts from 2p to 35p

There's no explanation why they should change at all from the previous many years of base+1.75% Changes to take effect from 1st May (so just within the 14 days notice required to change a direct debit ?).

It's ok saying 'Refuse to pay it' etc, but that would undoubtedly lead to credit ref problems and probably a 'Formal Demand' to repay the mortgage in 7 days (this clause is mentioned on each property statement). Perhaps this is what they hope to trigger ?

I think the answer is to write to them refusing to accept any change in the mortgage terms & conditions that specify Base+1.75%. But given the small amounts involved, prefer not to enter formal dispute at this time, and variation in payment is made as 'Payment under Protest' (a legal term meaning payment is being made, but its need to pay not accepted).

In my case, I want nothing more than to Exit this awful business, and will also suggest that a generous early settlement discount will lead to my portfolio being sold off over the next 2-3 years.

Any other comments ?... Read More

neils26

9:47 AM, 12th April 2016
About 4 years ago

Campaign to remove George Osborne from the post of Chancellor of the Exchequer

He is also my local MP, and I exchanged three emails with him early in this process. There's total ignorance there, and he either doesn't understand or doesn't care about the 'unintended consequences'. Hope the judicial review achieves something, but no good if it takes five years...... Read More