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padmorgan

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About padmorgan

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  1. Why this will make no difference to the house price crash: 1. it doesnt cover BTL, they're the people who are in big trouble paying the mortgage and likely to sell 2. it doesn't cover people with mortgages from subprime lenders, people who are in big trouble paying the mortgage, finding a new mortgage, and again v likely to sell 3. those two massive groups will sell, and the prices will be low, and that will determine the market price for all 4. if it defers price falls for two years, it will simply maintain the decline even longer, starting from 2010, when everyone is poorer and paying ba
  2. Wow. The unpleasantness that my initial question has elicited can only mean that there are a lot of very scared landlords out there. My landlord has been fairly unhelpful about a lot of problems. Just to be clear, I feel absolutely absolutely no sense of reciprocal obligation to someone who is financially exploitative. The comments of this thread have rather polarised my views. In the future, I suppose, we might have a government who see the sense in regulating the private property market that Labour have created, imposing standards and obligations on landlords. But at the moment, frank
  3. I was the original poster, and as I said I did inform my landlord's mortgage company that he was using an owner-occupier mortgage to run Buy To let business. I'm not ashamed of this, and I don't consider it "grassing". I've been chatting the issue through this evening with some friends, and one of them works in the media. She's going to try and help me get a piece in a national about my decision, and the issue of BTL landlords using bogus mortgages, and how that puts tenants at risk. I see the anger at my actions as being a reflection of the fear and panic in the BTL sector. It's a funn
  4. Just to let you know, I was the person who started this thread. I have now informed my landlord's mortgage company that the property is rented fraudulently on their owner-occupier mortgage. It felt good. They have been atrocious. I won't go into details because I can't be bothered to type it all out. It could be you! I'm a professional and I don't expect to be treated like a peasant simply because I choose to spend a few years working in this country. God knows the Brits don't like to work here, you're all on the sick or having babies on benefits as far as I can see, so someone has to do
  5. I have my own plan. Buy to let mortgages make up 25% of the mortgages in London, according to the FT. this is clearly an underestimate, because I know that my landlord is illegally renting out his flat on a normal mortgage (with little deposit, I suspect). I think that all tenants should join together in informing the mortgage companies of when their landlords are doing this. It is illegal and it is one of the things propping up the market. I will be informing my landlord's mortgage company anonymously tomorrow. I would encourage others to do so too. If the government is going to spen
  6. Under these ridiculous new rules, a single man who chooses not to work and lives in Lewisham can claim £800 a month to rent a flat. This is more than a nurse could afford to pay in rent. It sickens me.
  7. Buy to let mortgages make up 25% of the mortgages in London, according to the FT. this is clearly an underestimate, because I know that my landlord is illegally renting out his flat on a normal mortgage (with little deposit, I suspect). I think that all tenants should join together in informing the mortgage companies of when their landlords are doing this. It is illegal and it is one of the things propping up the market. I will be informing my landlord's mortgage company anonymously tomorrow. I would encourage others to do so too.
  8. Am I wrong to think it's a good idea to shop amateur landlords to their mortgage companies as BTL?
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