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About lampkin

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  1. I've found I'm in a similar situation on our 4 bed end terrace, which I bought as a repossession so you can imagine the pace that goes at. The lease we have is 155 year lease subject to a £250 a year ground rent and a 15 year review stating that there will be an increase in accordance with the terms of the "eighth schedule of the deed". I must admit I didn't know what that meant. I've been going through my emails and discovered I sent the following email to my mortgage adviser at the time as they'd got the lease length wrong: "Sorry, it is a leasehold, but with 153 years remaining at a cost of £240 a year (ground rent!). I just mentioned it to the solicitor who didn't seem to think it'd be a major problem." Speaking to my neighbour I've learned it goes up with RPI. He purchased the freehold on a bigger house. It took 2 years and 10k after the freeholder wanted 20k, it was valued at 5.5k. It seems we were never advised on the costs or even the length of the lease properly (it was initially put down as 999 years and fixed a £50 a year). You might say buyer beware and I never wanted a leasehold property but I when it comes to my wife and her wanting things I go blind... My wife and I were long time renters. In the time renting we've had 2 landlords sell a few months after moving in and 1 letting agent steal our entire deposit (around £800 we never saw again). The second time a landlord sold up was just after my wife got pregnant. We'd been previously assured that the house was the landlord's daughter's inheritance and he wouldn't be selling any time soon. In the final house we rented the downstairs floor was rotting away (you could bounce on it!) and the hole in the wall between the conservatory and the house was literally blowing a gale inside. To top it off we've made the mistake of putting a conservatory on, without permission. I never realised how much of a problem this could be. Our neighbours have been charged for the privilege of converting the garage! I've written to my MP but I'm not really sure what my best options are. At least it doesn't double every 10 years :S
  2. Yup, there's some very angry people out there. Lots here as well: http://forums.moneysavingexpert.com/showth...8589&page=1
  3. Hi All, I've posted information about this on a few forums, I hope this isn't a problem. I'm trying to raise awareness of the above firm. I was a tenant who rented a property managed by Rentapad Residential Lettings. Upon moving out my deposit was not returned. I've since obtained a CCJ against this company, which has been ignored since May. I realise the landlord is liable and am pursuing this also. I mentioned the Manchester Letting Centre as this company has the same address as Rentapad Residential Lettings and the only share holder / director is the person who runs Rentapad, Thom Doherty. I'm currently in contact with 12 other people who have issues and I suspect many more are affected. If you are having problems with this agency, please contact me at: sllabres AT hotmail DOT com Thanks, Seb
  4. Thanks very much everyone! This is very helpful. I'll speak to the court and see if I can ammend the claim to include the landlord. ed: I should probably add, that while we were in the property the landlord did recieve a number of letters from debt collecting agents, we also know the landlord is friends with the agent..lol
  5. We moved in post april 2007. I've been wondering police involvement for a while now.
  6. Yeh, I'm in a similar situation, but we've had none of our deposit back. I'm not really bothered by the 3* amount, I just want my money back.
  7. Hi All, We moved out of a flat last September. The letting agent agreed to return our deposit within a matter of days. After no sign of a deposit for a week we chased up the letting agent with no returned phone calls. We then left the country for 5 months. In this period we had a friend chase up the matter, sending emails, letters and making phone calls all to no avail. The letting agent refused to communicate on the matter. It turned out the agent had failed to place our deposit in a protection scheme. We've since returned and started court proceedings. The owner of the letting agent (he's registered as a sole trader) replied to the court summons accepting liability for the £860 he now owes us (he decided to ignore the interest we added). He's claiming he's had a tough year and is having problems with his creditors and is attempting to avoid bankruptcy as well as turn a profit. In his reply he's proposed paying us back at £50 a month. This obviously leaves us with no deposit for our next home and also in financial difficulty, not to mention loss of interest and time spent chasing this matter. Our reply states this and we've asked for the return of our full deposit immedietly, he's already proved he can't be trusted. There are a few things I'm unsure about. As the flat we rented was under the care of the agent and our contract was with them we assumed we took them to court. We've had no contact with the landlord and he has not been involved. I did however phone the letting agent in an attempt to gain the landlords contact details, the agent obviously told me to make the request in writing (he's never once replied to any of our numerous written letters). Should we be taking the landlord or letting agent to court? I'm also bothered by the fact that the company is still trading, is this not theft / fraud? How many of tenants need have their deposits put at risk? He's already admitted putting our money into his business, it seems like madness that he's able to continue trading. I'm just wondering what else I can do? I'm not even expecting to see our deposit back never mind the 3* that gets spoken about..
  8. Yup, like he gives a flying f**k about first time buyers, the horse is well out of the stable and probably someway past Alpha Centauri by now. I can't believe the man has the sheer audacity to claim he's trying to help first time buyers, yet obviously the best thing for them is to let house prices fall. He's insane...please, someone stop him for all our sake..
  9. Who here wants to see ordinary famlies suffer or "decent" people losing their homes? What's with such sweeping generalisations in this place at times... Everyone here just wants to see realistic prices, sadly though for this to happen there is going to be some collateral damange. So it's quite hypocritical to try and get on a high horse accusing everyone else of doom mongering, when essentially you are asking for the same thing, it's impossible to avoid that some will (perhaps undeservingly) suffer in order for normality to return...
  10. Too emotive a subject, and as much as we all want everyone to be saved, it's just not possible. What cost should one life be saved at the loss of so many others? Maybe you got your moneys worth, but how many lives have been lost due to lack of funding in other areas? Where a million pounds could have saved several lives. It becomes self defeating to continually throw money at a system like the NHS, it's an exponential curve plotting money spent against lives saved. Now, don't go planting straw men I'm glad you're alive, but I just think there are some tough decisions that need to be made, that people are too afraid to make due to this idea that everyones life can be saved...You need to think about the greater good rather than from just your own perspective. ed: As a side note, if my life was saved by the NHS anytime soon it wouldn't change my mind on it being badly run and badly managed...the fact still stands
  11. I'm struggling to understand the difference, I don't suppose you can explain further? I'm not quite sure how a lot of debt isn't based on trust, unsecured loans etc? What's the difference between owing someone on the basis of credit vs debt? :S I think it comes down to the debt is real (ed: or not as the case may be, lol), house prices are opinion The logic that it's ok, because debt is leveraged against something of more worth is the same. "It's ok, our house prices are worth billions"...it seems pretty flawed. ed: I'm far too tired for this, I must say the fractional reserve system seems pretty insane and I've been grappling with it in my head for a while. I don't see how any sane person could see any long term future with such a system...
  12. What are you smoking? Sorry, but that's one of the most crazy things I've ever read. We know that many things have been bought with debt, which is surely nothing more than a promise to pay back the lender? The basis of our system is that money comes from debt, if debt is nothing more than an IOU, which has no real existance, then surely money isn't real either? or am I just talking sh*t now..???
  13. I don't know if this has been mentioned in this thread. I felt that whilst the program was at least getting a good point accross it failed to look at some of the basics. Something I've struggled to get my head around, I watched the youtube "where does money come from" video. It's said that for our fractional reserve system to work, money must be borrowed constantly and some people will repay this debt while others will continually go bust. I'm not sure if I understand this correctly, I'm guessing that it's because say for example only two people and a bank exist. If both people borrow £100 then the bank will expect £200 back plus interest, obviously not enough money exists so one has to go bust for the other to repay? Is that correct? On that basis, obviously the more people borrow, the more people will go bust? I'm not sure if I'm making much sense...heh I actually didn't see all of the show, so maybe more was covered later. I loved the fact that the bank managers came accross as real sleaze "we just give the customers what they want", sounds like the kind of line a drug dealer would throw out..
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