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Can I Get this BTL

245

Comments

  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    JoeK wrote: »
    MortgageMamma, I would never have thought it! lol

    OOOH, you can lose it.

    JoeK


    Its the Italian and Irish blood Joe, I've got a right temper. Making ups always interesting but thats another story! :A
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • silvercar
    silvercar Posts: 50,617 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    AndyWallace wrote: »
    Crap choice of lender. MX are notorious for being pedantic and won't allow you to have council tenants in the property.


    Interesting. How would you know if your tenants were claiming housing benefit and paying the rent to you themselves?
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I thought the benefits people always did a rent check with the landlord
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • silvercar
    silvercar Posts: 50,617 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    MortgageMamma wrote: »
    I thought the benefits people always did a rent check with the landlord

    No, tenant can show AST as proof of rent level, plus bank statements if an existing tenancy. Tenant could do a pre-determination of rent level with council but this is optional and could be arranged between letting agent, tenant and council.

    I remember asking my tenant (who was on HB initially) if she needed anything from me and she didn't. I now no longer know if she is a HB tenant or not! And I only know originally because she mentioned it in conversation.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well, I know for mortgage purposes its needed but in my view it really makes no odds if a tenant is HB or not so long as they pay the rent and keep property in good order
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • AndyWallace
    AndyWallace Posts: 253 Forumite
    silvercar wrote: »
    Interesting. How would you know if your tenants were claiming housing benefit and paying the rent to you themselves?

    That's not the point. If you look at an MX BTL offer you'll see a condition that there can be no DSS.

    By allowing such a tenant you are breaching the conditions of your mortgage.

    Also, certain religous beliefs will not be prepared to overlook this, and solicitors will often run through the conditions of a mortgage with the client too.

    Of course, if you don't know for sure that your tenant is being supported by housing benefit then you can't be accountable for that.
  • kenshaz
    kenshaz Posts: 3,155 Forumite
    Part of the Furniture Combo Breaker
    MortgageMamma wrote: »
    Its the Italian and Irish blood Joe, I've got a right temper. Making ups always interesting but thats another story! :A
    Perhaps a sense of humour might also be appropriate ,take a leaf out of Andy Wallaces book,this guy is to bizarre to be serious he is trying to provoke reaction ,I find him ridiculously funny.
    The reaction that you made was more abusive than his comments.

    I personaly would not be proud of such a temper it can be quite unpleasant.
    [FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]
  • kenshaz
    kenshaz Posts: 3,155 Forumite
    Part of the Furniture Combo Breaker
    Not suitable viewing

    This probably what nightmare really looks like.
    [FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]
  • The_nightmare_returns
    The_nightmare_returns Posts: 19 Forumite
    Not nice old man especially as we seem so close
    Think not of what goes before you. Beware that I might be behind you!
  • JoeK_3
    JoeK_3 Posts: 1,374 Forumite
    MortgageMamma wrote: »
    DONT YOU DARE START WITH ME - at least I bring some value to this forum by helping people even if I do have the odd emotional outburst - I'm absolutely amazed you are still permitted to use this site you despicable hateful little man.

    There you go showing that Italian/Irish personality again.

    Does Mr Helpful really need you behind him?

    Hey, hey, put that rolling pin down!! Ouch!!

    Sorry, I spoke

    JoeK
    I am an Independent Financial Adviser.
    Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.
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