10:10 AM, 18th May 2015, About 6 years ago 2
I am a landlord with 3 Buy 2 Let properties and my own private mortgage with Mortgage Express ( 4 properties in all ).
I got into trouble by not paying the monthly mortgage on 2 Buy 2 Let properties then a managing agent was appointed to collect rental income and forward amounts monthly ( net of commissions ) to Mortgage Express.
At the end of March 2015 the tenant vacated a property and the managing agent secured as empty. The other two properties remain occupied and with the original tenants.
Cashflow was effected negatively by £2,000 pcm, in that :
The loss of net rental income to my account prejudices ability to pay my Mortgage Express private mortgage ( £625 pcm ).
Is it possible to take the above to Court to consider the total economic impact when today the buy to let mortgage accounts are up to date and the managing agent acting / lingers on behalf of Mortgage Express thereby adding to loss of rental income.
( Ref : there has been a detriment to customer in the above , as compared with NRAM plc v. McAdam & Hartley 10 / 12 / 14 )
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleConsumer Protection Act regarding property for sale
Next ArticleVile tenants ganging up on me, please HELP!
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|