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cbosleeds

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Posts posted by cbosleeds


  1. I'm just looking at options on buy to let mortgages and I can't see much at a decent rate for anything less than 35% deposit. While I can do this, its a bit of a stretch and I'd like to hold some savings back.

    The situation is that my Mum is presently renting a house where she wants to stay, but the landlord is looking at selling. She retired recently and the way I'm looking at it is that I have a long term trust worthy tennant which covers mortgage and upkeep and that if ever in the future my mum needed care then I would have equity in the house to cover it.

    I have other businesses so I'm not worried about turning a short term profit on this on the rent I'm just looking to build up equity in the house, but I'd really prefer a half decent mortgage deal on 20% deposit over 25 years. I've checked out Money supermarket etc and I just don't see anything that's floating my boat in terms of mortgage deals.


  2. I'm afraid Im inclined to agree with the above. sometimes you do have to cut your losses in business. You not only have to factor in court costs which are going to be even more difficult to get back, you've also got to reckon on what your time is worth because this is something you can never get back, and it might be better spent making new money rather than chasing a bad debt. Sometimes I've had to gio down the small claims route, but when I have my evidence has been siccinct and watertight and its taken half an hour do do it online - generally I reckon that having to go beyond that is usually a phyric victory, no one wins overall even if you reclaim some of the money.


  3. I think the difficulty you are going to have here is showing that the private verbal arrangement you had with your landlord constituted a contract - its pretty much your word against his. however if he is still taking money from you for rent then that might be enough to constitute a cotnract and for your rights still to apply - I'm not 100% sure.


  4. I'd go with the advice above - I'm not sure that the comment you got from the world of war craft spammers will be of much use. Always a good idea to take photos as well to back up your side of the story where the inventory is concerned - I moved into one place in cyprus last year where the inventory claimed there were oil paintings on the wall - previous tennant had disappeared with them and the landlord hadn't even bothered to check!


  5. Reading through this it all looks to be a bit of a nightmare. Small Claims is the way to go really only if you can show clearly and succinctly with supporting evidence that the LA promised to do something and didn't and that you suffered financially as a result. Small Claims is decided on balance of probability which means that a judge has to be more than 51% sure in order to award you anything and very sure indeed that you are in the right for it to be worth your while. Even if you do win, that is often not the end of it - some rogues simply don't pay, or give the bailiffs rubber cheques etc and then you can be in a position of having to go to the next stage (ie maybe claiming against property), this can cost thousands and even then I've known people sell a property from rigth under a solicitor's nose and the claimant still gets nothing apart from the expense. Its all a bit of a minefield.

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