We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Tent thread
Options
Comments
-
Hmmmm... So it's just in her name, is it? Does that mean that she is the only person on the mortgage, or could her dad still be on there without holding an interest in the property?
If she's on her own on the mortgage, assuming that she was earning £14k when she bought the property 5 years ago and somehow managed to get a 5x salary mortgage that means £70k mortgage tops, but more likely less.
Santander's standard variable rate is currently 4.24%, and their mortgage repayment calculator comes up with a monthly repayment of £378.82pcm (based on a 25 year £70k repayment mortgage on SVR). Quite a profit margin while the rent was coming in...
Of course the mortgage could be for more if her dad or someone was on it too, but if she's really only on £14k she'll be bringing home about £965pcm, so it's unlikely to be much more or it would be unaffordable. Certainly nowhere near £1235pcm.0 -
Well now I know! Lol.
Thanks Pr1madonna.
Did anyone read if she had consent to let anywhere? I'm guessing in allll these pages it's been written somewhere.0 -
Quite a profit margin while the rent was coming in...
She'll have a tax bill for sure. I wonder if she has decalred her income for 09/10 yet. I think HMRC might know she has been active as a LL!Did anyone read if she had consent to let anywhere? I'm guessing in allll these pages it's been written somewhere.
Yes, according to the FB page, but nobody has seen any documents. Statement was due Friday, didn't appear. Video was due yesterday, didnt appear.
We now have to wait till Monday for the video that will allegedly show documents relatign to this sort of question0 -
Oh, what a tangled web we weave,
When first we practise to deceive!
Walter Scott.
As GMTV may arrange to have this thread deleted, interested parties may like to make a copy.0 -
FraudBuster wrote: »Oh, what a tangled web we weave,
When first we practise to deceive!
Walter Scott.
As GMTV may arrange to have this thread deleted, interested parties may like to make a copy.
Or maybe they will really sort out the issue once and for all by ordering a retraction thread be made...
Oh, wait?!
0 -
ROFL! I don't think we could cope with TWO retraction threads!:rotfl::beer:0
-
If Ms Butler really does only have an official income of £14k per annum I suspect that there may be a trust fund around somewhere to cover the mortgage payments.0
-
Wee_Willy_Harris wrote: »Interesting. Can't see this little gem staying up for long.
Suzy Carlita Butler
Hi Nicola,
Thanks for your q's and comments.
Just a quick clarification, Carmen paid me 3 and a half months of the 6 month rental period plus a deposit of 1 month (which is still in the deposit protection scheme). By the time she finally lef...t, she owed me over £4,000 which I will unlikely ever see. She was presented a section 8 on the day the 6 month rental period ended. But for much time previous to this she was saying she would not be leaving or able to pay me. I extended her contract by 1 month in May, just before me and my son went to Spain where we were scouting for a rental property and school for him to relocate as we were launching a fundraising office for the charity i MD in Malaga. At the time, Carmen had been a great tenant, we got on well and she had not missed payments at this stage. June/July and August were unpaid. We needed to sign the extension in May as I would have been abroard when the original agreement ended.
I hope that helps a little.
The simple fact is. It is morally wrong for someone to be legally able to not pay you rent and refuse to leave your home breaching the contract and causing much upset. All we want to do is find a way encourage the law to evict more swiftly.
Have a great weekend, despite this weather!!
Seems to have disappeared again - good job you posted it here for posterity, WWH!0 -
So much for 'I saved up for years to buy this house'!0
-
I guess this is all the preamble to Suzy setting up her charity for the benefit of er, amateur ignorant landlords ?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards