Tent thread

Biffa

Can't help but look forward to the follow up programme "Nightmare Landlords from Hell!", giving detailed advice for tenants who accidentally rented from the wrong landlord.

Although, on a serious note, I do agree that Housing Benefit should be paid directly to the landlord if that's what the tenant or landlord wish for. It would make it a damn site easier to get people into private rented accommodation if the landlord can be promised getting the HB payment direct.

kittiej

It's being shown later tonight on ITV Wales so i shall watch it in a couple of hours.

john539

mynameisdave wrote: »

Edit: Lily's figures make much more sense but I'm still going to leave my figures up for speculation value

I think I have worked out how she has calculated the £4,00 in rent - popped into my head just now.

June, no rent received £1,235 owed. Not received 66 days later so £990 penalty for late payment
July, no not recived £1,235 added to bill. Not recived 36 days later so another £540 added for late payment
August no rent received ~£250 added to bill. Not received for 6 days so ANOTHER £90 added for late payment.

£4,340 - 'over' £4,000. I believe she may have been charging £15 a day for EACH rent payment missed, rather than a total £15 for being in arrears.

That's equivalent to 443% per annum.

Total late payment fee ~= £1620
Total rent arrears ~= £2720

http://www.bllaw.co.uk/services_for_businesses/insolvency_and_recovery/simple_interest_calculator.aspx


input 1
principal sum: £ 1235
interest rate(per annum): 443 %
interest from date (1/6/2010)
interest to date (6/8/2010)

results 1
no of days interest: 66
interest accrued: £ 989.29
daily interest continues to accrue at: £ 14.99 per day
principal + interest: £ 2224.29


input 2
principal sum: £ 1235
interest rate(per annum): 443 %
interest from date (1/7/2010)
interest to date (6/8/2010)

results 2
no of days interest: 36
interest accrued: £ 539.61
daily interest continues to accrue at: £ 14.99 per day
principal + interest: £ 1774.61

Wee_Willy_Harris

john539 wrote: »

That's equivalent to 443% per annum.

Total late payment fee ~= £1620
Total rent arrears ~= £2720

http://www.bllaw.co.uk/services_for_businesses/insolvency_and_recovery/simple_interest_calculator.aspx


input 1
principal sum: £ 1235
interest rate(per annum): 443 %
interest from date (1/6/2010)
interest to date (6/8/2010)

results 1
no of days interest: 66
interest accrued: £ 989.29
daily interest continues to accrue at: £ 14.99 per day
principal + interest: £ 2224.29


input 2
principal sum: £ 1235
interest rate(per annum): 443 %
interest from date (1/7/2010)
interest to date (6/8/2010)

results 2
no of days interest: 36
interest accrued: £ 539.61
daily interest continues to accrue at: £ 14.99 per day
principal + interest: £ 1774.61

Well worked out, but I think it's more simple than that......

Think of a newsworthy number and add £500 every third news report.

john539

Wee_Willy_Harris wrote: »

Well worked out, but I think it's more simple than that......

Think of a newsworthy number and add £500 every third news report.

So now the landlord tries to rip off the tenant & seems oblivious to it.

Wee_Willy_Harris

john539 wrote: »

So now the landlord tries to rip off the tenant & seems oblivious to it.

I couldn't possibly comment on Suzys motives, but to portray yourself as a victim when charging over 400%apr is a bit rich!

mynameisdave

Fair point re the intrest rate. I used a rather rudimentary system to be honest - just calculated the total cost of the £15's and used a loan calculator to add it as a final payment.

Wee_Willy_Harris

mynameisdave wrote: »

Fair point re the intrest rate. I used a rather rudimentary system to be honest - just calculated the total cost of the £15's and used a loan calculator to add it as a final payment.

To be honest, I think she was in a corner as the arrears question wouldn't go away, so she came up with this £15 "penalty". We haven't seen the T/agg to verify anything yet.

pinksleepybear

Ooh, been banned from the facebook page for asking how much money is still owed once the daily penalty fees were removed. I asked politely too.

Wee_Willy_Harris

pinksleepybear wrote: »

Ooh, been banned from the facebook page for asking how much money is still owed once the daily penalty fees were removed. I asked politely too.

Clearly not, as Jeremy says that ABUSIVE posts are deleted... Naughty, naughty you. Get on the naughty step and think about what you have done.