Carryon Regardless

Tbh I've no experience of the this' mortgagee n principle', but it sounds like lenders offering little of value while effectively reserving the naive as a customer while the lender decides. I expect the lending sources will 'approve' on the info of earnings and employment longevity provided, but will be needing support evidence when the real application comes in. Surveys and further surveys can be expensive and time consuming. A potential purchaser saying "I have a mortgage" must, surely be met with "how they 'aint seen the property yet".

invite them to read it, they won't trust you anyway. I went with Bulb a while back. Email requested reading, so I complied. A half hour later a knock at the door and a chap wans to read the meters. "I've done that I said", "I know so they've sent me ". Not cool me "piss off and tell them not to waste my time in future". These disorganisations are never wrong as they put us to pointless effort.

If your concerned about not paying a company that doesn't want to recognise your existence why not move to Octopus? I perceive you might then be bombarded by the marketing numpties of EON wondering why your leaving, if they have any of your contact details.

Agreed, as a source of revenue it remains attractive. How much of a hammering by legislation and additional charges before that becomes not so is very dependant on personal situations. There is a continual strategy to increase our responsibilities regarding T's and so reduce the cost to the state. As well as increased costs this also loads us with more bureaucracy. And I actually have great issue with the disproportionate and many penalties that we are at risk from. The courts are a joke and pretty much give all sympathy to the abusers, the stress from this can be considerable. So it is far from being as simple as being able to make more money from this than other (reducing) possibilities. I guess what I am considering with the many known and unknown possibilities is what risk to reward scenarios are likely.

Another consideration 'may be', and this is merely my thoughts as to what's coming our way, is how local Gov't's (I include the Welsh Assembly in that) will aim to generate higher income to attempt reduced economic impact due to Covid. Westminster will have reduced capacity to offer support as the consequences of the awesome new debt becomes apparent. If the nation/s see a depression that hits industry, productivity and employment then taxation possibilities are vastly reduced. Those that are trapped in their ownership of whatever responsibilities they hold are, in my mind ,obvious targets. Leisure assets like holiday homes/ lets, caravans, and boats are easy targets. Of course so are we. I envisage that these councils will develop an imagination as to how we may be charged independent of our T's that live there. Are such as 2nd council tax charges possible? Might we see moves closer to revenue charges rather than profit, we have already seen an introduction to that. We are expecting an exodus of those that aim to beat any 'rumoured' CGT increases. That will depress the market some and the choice then is to ride it out or take a hit on value. To ride it out there is then a chance of becoming trapped. Depressed values deter the sales as phytologically that feels like a big loss even if there is still positive equity. Any later loading on our profits might leave us regretting the ride it out decision. Just thinking aloud and interested to hear what others whirring cogs are producing.

Sounds like you missed the boat and the ticket you have is just a wasted cost. Life - bitch - lesson learnt - move on. Good luck with any recovery.

Is there advantage in getting another report from another? You might then have reasonable demonstration to recover the cost of the faulty report and any losses that may arise from their missings.

It isn't difficult to see from my continual winging that I agree, and have thought same for a long while, that we are being abused by whichever flavour of gov't we have and will get. We can't beat it so we either live with it as best we can or get the hell outa Dodge (get it, dodge ( the ongoing crap that is)). As for having a go at my friendly Welsh overseers, well they won't realise that they are cutting all Welsh noses off until they are the much poorer neighbour of England that the WRA are creating, and then it will be our fault so our investments there will become kindling once again. I used to be pretty well appraised of tax concerns, but laziness and apathy have caused me to be less so. Are we no longer able to reinvest our capital gains revenues into a new investment to avoid CGT (well defer it as it is merely transferred)? Mel you might consider selling to your limited company and at a price that avoids a CGT hit. That at least can soak up 2x CGT up to the allowance threshold. I'm not sure if later advantages might be created for the Ltd Co.

I feel that it is no longer our choice of who lives in our property once we have handed over the keys. The legislation increases the barriers for us to repossess, and the cost of simple claims and even possible court appearances shouldn't be ignored in this thinking. Increasingly I see that route as requiring more specialist agencies to assist, at cost. Shelter are seen as beyond reproach and play a supporting role in the gov't's strategy of protecting T's in continuance of their tenure, and penalising LL's effectively for being a LL. They employ specialist lawyers and come court time claim against us for those lawyers costs (seen that one when a friend fought a deposit dispute (taken by his agent) and it cost circa £16k). In any case I perceive that the courts will do as they can to provide 2nd chances and more to wayward T's (that of course ignores whatever might have occurred in a tenancy to cause us to attempt repossession). That comes with additional application costs to us. We may hope for such costs to be awarded against the T, that requires a sympathetic judge and a T / G'tor that can afford, I actually see that as a cat in hells hope. So , beside possible phycological advantage, are regular inspections of value? There is less and less we can do about whatever we might discover. Are we better signing T's up for the 3 year max now? The additional and rising costs associated to each tenancy are then reduced where T fast turn around is expected.

A little extra. Our properties are no longer domestic properties as can be demonstrated by us requiring elect certs each 5 years. Off topic but in Wales any 'stuff' left by a T must be disposed of in a commercial manner and records retained for 2 years. But the elec regs state that a new inspection should be carried out at change of occupancy. another cost we should factor in for each tenancy. This is more easy answer legislation in my view as I can see changes of T at the flats in less than a year,.

Aside from the vaccine being used w/o the usual lengthy testing protocols (somewhat understandable) I would have greater interest to understand who has financial benefit from investment in the company / companies that will have this pushed through at speed. time will tell but will we be legislated to have to take the vaccine as it becomes available and is roiled out increasingly to the younger demographics of the populations. It may be that we are required to demonstrate to other countries that we have it to be allowed entry, which is of course their choice. But to insist on it for visitors would sort of imply that the indigenous population should have it. My personal view is that I'm happy for the population to take this. As there will be limited supplies I am happy to wait my turn.,5 - 10 years will do me. BTW that photoshop of Trump is definitely not PC, it's offensive to apes.

Your informing the HB that the tenant isn't entitled to the benefit might well work out expensive for you. But the state does need your money, as do the solicitors, but less so.

My test of the mt flat is to be Monday, T is pretty much on the doorstep waiting for keys. Of course Wales is imposing more Covid restrictions, even for N Wales, as I write. I can only hope to achieve this new rental prior to the Heddlu turning me back to England as the journey being non essential. Anyway I've just spoken to a local electrical firm in attempt to clarify requirements for the inspection. My downlighters need upgrading to fire rated units, already delivered from Screwfix the new LED units are going in tomorrow. I have been having trouble sourcing replacement metal clad consumer units (fuse boxes) to suit the need. I guess there is a high demand. But Sparky chap says as long as all circuits are safe, and protected by RCCB breakers the metal clad enclosures aren't needed, a bit of a surprise that. Essentially if the regulations were met at the time of install then that is good. So now I hope to obtain a couple of RCCD's to replace the main switches, and that should suffice.

I forgot new rentals needed the certificate, I was programming the existing but have an mt flat so that need doing. Thanks.

Good stuff Grampa, A bit vague, or lacking, in the notice period. That is how long becomes reasonable notice for a T to get 'their' stuff. The 'their' bit is hi lighting my surprise that the legislation has misspelled something.

I've found advice on how to deal with belongings a bit vague. Some say 3 months, some say 6 months storage. My way is to create an account of monies due in preparation for defending a claim. The account may be a little awkward as this is lodger related, I've no experience of this. But a judge might view your claim for rents ott and say you could have re let earlier instead of waiting and running up a bill. In short charge for storage, and to contradict my earlier point it may be reasonable to say the room cost is storage cost as it's still used for his purposes. If / when you dispose of the belongings you need demonstrate their disposal at market value, eBay auction should serve well enough. Your efforts are free. You could employ an agent and charge for their costs. Any revenue can offset your losses, surplus paid to lodger. Ideally you are better reaching a demonstrable agreement.

First be sure he is a lodger and not a tenant. Basic but if he shares your kitchen and bathroom he is a lodger. Lodgers don't have rights as a tenant does. You are free to prevent his return into the property w/o any notice. You do have a duty of care toward his belonging though.

While helping T's in need is honourable I believe, from much experience, that we are the wrong one's to offer it. The charity gratitude soon becomes resentment if / when we are caused to take it away. The view by most, and not only T's, is that we are so well shod it is of no consequence what we give, lose or have taken from us. About the biggest thing a T needs help with is the rent, and that's the primary reason for us being here.

I would argue that a possession order isn't totally safe. We make a claim for such, it is likely granted, but does allow for a claim by the T that the claim for possession was faulty. A surrender document is the safe way, but how when the T is unavailable? A G'tor can (and has for me) been valuable. Contacting them with 'reminders' of their responsibility can cause the T to re appear. Otherwise build evidence to support your belief. Unpaid rents is a very small part of that cos in truth the only person to care about that is the LL. So Council Tax registration being changed from the T, utility companies being given a final date by the T (they then reverting to the LL), neighbours witnessing removal operations might have some value. As illegal eviction, that being your restricting access for the T can be very serious. The Notice of Abandonment, dated and with your contact details, becomes good practice. Photo that. Video your entering the property. Demonstrate the lack of furniture (or if no lack of you've increased your risks here), be cautious I had a T who left a scabby seat, newspaper and mug (it was a set up). Video mt cupboards. I believe I do as I can to head off a claim of illegal eviction. I would generally also have a claim greater than any claim of the T for stuff I had removed. They claim I had removed something of value, which would look unlikely in an mt property, I have a greater claim for unpaid rents, damage, and costs so as to offset their claim.

Some areas, or even properties due to style, state or / and reputation will have difficulty attracting working T's. A bad rep is hard to reverse, and might take many years for history to be forgotten. More so in smaller communities. I will hold out for a while for a better class of T, but there comes a point where the lost rents in the void would have paid fore the 'likely' downside. She's gone, flat in reasonable order, not much left behind. some repairs but not extensive. I caught up with her as a present T, who can't decide if I should be friend or foe these days, provided her new address. She complied in signing a surrender notice. I then took down the abandonment notice from the front door. I now have the address to send the final account, but 1st need to understand the HB account (if some is clawed back or not) and the electric final bill. So all in all a relatively easy outcome. My starting this thread was more about, sarcastically, pointing out the bl**dy silly ways legislation has and is developing. As LL's we are under an ever increasing threat, where our risks continually increase (along with responsibilities for others in a very Socialist design) and our rewards are reduced. I see that will continue until the state take it too far (although I feel that was a while ago) and there is an exodus of LL investors leaving the state with a greater housing problem. But the properties will still be there and some one will be living in them. Maybe the housing problem will remain ours, individually, till we sell??

A Lady has been a T for over a year, from the off rents were unreliable. Unusual for me but I took a deposit of £500 (protected, and all that, of course). Covid has given some T's the belief that they don't need to pay, a top up of HB in her case. Realising the courts are having nice break I have attempted to manage these situations and gain as much from them as possible. Last month her arrears approaching £1K I tried to call, no joy so a text. "Your giving me so much stress I'm leaving in a couple of weeks" "And the arrears?" "Take it from my deposit." "If you want to serve notice the last page of your tenancy pack has a form for you to use." "What are you on about?" That being the last comm's. I am led to believe she has absconded, but not returning calls and no notice this is all informal. With Covid, possibly, other methods of learning of the departure are not so reliable. I wait to see if HB will be reclaimed from me, the online account shows 'Active Tenancy', but maybe they haven't processed her new claim for where ever she is now. So tomorrow I go to inspect. My expectation is a flat in ok state but with many black bags. A short while ago a square of carpet was disposed of so maybe a carpet has a hole in it. The black bags are considered by Wales to be commercial waste. I should employ a specialist contractor, and with vain hope recover the cost from the ex T. To take possession always has risk of later claim of unlawful repossession. I should post a note on the front door informing of how to gain keys for the new lock. Anything still inside, and that would include the black bags, should be stored should the ex T require the property to be returned. Then I should hope for recovery of the cost of storage. To reduce risk of an unlawful possession claim, but not remove such risk, I should apply to the court for said repossession. But the courts are only hearing cases of social disorder by T's, eventually. So if lucky a court might programme a case in 6 months or what ever. Can anyone see a court awarding me the lost rents for that period? And we are in blood from a stone territory, this makes recovery of losses some what fantasy. She and another T, that verbally ganged up on my chap that cuts the grass there, believe that I am unreasonable to chase rents because of the pandemic. Nice of him to point out that they are HB and their financial situation hasn't changed. What would you do?

Yep, closer than our London to me.

Cheap as chips, I'm your plumber when do you want me? Return travel required in advance though, I live north of London a bit.

If we're talking of their economy, while Wales may have some issues due to remote locations, similar but not as much as Scotland, I see parts of England (Northern regions but East Anglia is some what forgotten also) have issues as much as Wales experience. But their population is less than 5% of the UK so I feel they expect more consideration than is actually due. Covidwise their infection rate is running at a little over 6% of the UK total and their death rate a little over 4%. There isn't a great difference really. Time will tell if those with a higher infection rate are actually ahead or losing in this battle. It may well be that New Zealand (for example) are merely deferring the inevitable and have 'yet' to catch up. Anyway Longshanks gave them loads of castles. Their tourism benefits massively from them. Did they ever say thank you?