captainb Posted October 19, 2020 Share Posted October 19, 2020 I have spoken to a solicitor. You can claim it for each contract signed, so in my case 3 x deposit x 8 contracts. Ha ha Have you mentioned this yet? The sale might have to go through.. to pay off the debt to you. Quote Link to comment Share on other sites More sharing options...
user not found Posted October 19, 2020 Author Share Posted October 19, 2020 Have you mentioned this yet? The sale might have to go through.. to pay off the debt to you. I'm keeping schtum at the mo - I would rather be out of the property before I drop that bombshell. Quote Link to comment Share on other sites More sharing options...
iamnumerate Posted October 19, 2020 Share Posted October 19, 2020 Actually, you have to claim within 5 years, so in my case it will be 3 x deposit x 5 contracts. so about £10k total, minus 35% solicitor fee. Good luck. Quote Link to comment Share on other sites More sharing options...
erat_forte Posted October 19, 2020 Share Posted October 19, 2020 Actually, you have to claim within 5 years, so in my case it will be 3 x deposit x 5 contracts. so about £10k total, minus 35% solicitor fee. Best 35% you'll ever spend... Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 19, 2020 Share Posted October 19, 2020 (edited) Actually, you have to claim within 5 years, so in my case it will be 3 x deposit x 5 contracts. so about £10k total, minus 35% solicitor fee. Can't you do it yourself? Sounds cut and dried. Although, thinking about it, as you've already involved a solicitor, you should probably continue with them. Fair's fair. Edited October 19, 2020 by Bruce Banner Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted October 19, 2020 Share Posted October 19, 2020 Actually, you have to claim within 5 years, so in my case it will be 3 x deposit x 5 contracts. so about £10k total, minus 35% solicitor fee. 😁😁Good on you, go for it. Quote Link to comment Share on other sites More sharing options...
Jim Bexley Posted October 19, 2020 Share Posted October 19, 2020 Surely the tenant knew what they were signing - Its their business after all? Being a residential tenant isn’t a business... there’s a huge difference in the respective positions and responsibilities of the landlord and tenant. The tenant is a consumer, hence being protected by consumer rights legislation. Quote Link to comment Share on other sites More sharing options...
nickb1 Posted October 21, 2020 Share Posted October 21, 2020 Not sure why you included my comments. My response was irony.😉 yeah you are right, my bad. maybe I was too lazy (or enraged) to scroll up! N Quote Link to comment Share on other sites More sharing options...
nickb1 Posted October 21, 2020 Share Posted October 21, 2020 The tenant is a consumer, hence being protected by consumer rights legislation. you're having a laugh, right? Quote Link to comment Share on other sites More sharing options...
nickb1 Posted October 21, 2020 Share Posted October 21, 2020 😁😁Good on you, go for it. +1 then post the gory details on property118 and other slumlord blogs etc. Quote Link to comment Share on other sites More sharing options...
nickb1 Posted October 21, 2020 Share Posted October 21, 2020 Right up there with "Estate Agent". Why not "Property Salesman"? why not site value leech? Quote Link to comment Share on other sites More sharing options...
Jim Bexley Posted October 21, 2020 Share Posted October 21, 2020 you're having a laugh, right? https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/888756/Guidance_for_lettings_professionals_on_consumer_protection_law_0520_.pdf Quote Link to comment Share on other sites More sharing options...
user not found Posted October 22, 2020 Author Share Posted October 22, 2020 nearly 2 wks since photos taken ... property still not listed ... i wonder if the landlord has discovered a problem with CGT or sommat? after begging us to leave he'll be begging us to stay lol Quote Link to comment Share on other sites More sharing options...
moonriver Posted October 22, 2020 Share Posted October 22, 2020 nearly 2 wks since photos taken ... property still not listed ... i wonder if the landlord has discovered a problem with CGT or sommat? after begging us to leave he'll be begging us to stay lol Interesting. Let us know if you get wind of the reason. Maybe the agent hasn't valued it as high as he hoped, or maybe he has been advised to leave listing it till Jan/Feb in anticipation of that "spring bounce? 2 weeks is certainly a long time, as surely, to do a listing would only take a couple of hours work? Quote Link to comment Share on other sites More sharing options...
Pop321 Posted October 22, 2020 Share Posted October 22, 2020 Interesting. Let us know if you get wind of the reason. Maybe the agent hasn't valued it as high as he hoped, or maybe he has been advised to leave listing it till Jan/Feb in anticipation of that "spring bounce? 2 weeks is certainly a long time, as surely, to do a listing would only take a couple of hours work? Owner occupiers don’t tend to view houses if they know there is a tenant in. And investors expect a discount if they are viewing something with a tenant in...especially one who is leaving. I think he will need to be very lucky to sell like this. As a minimum I would be painting in the latest colours, new light fittings, fresh blinds and a good scrub. Otherwise it is a 15/20% haircut. Ps get that deposit back or at least ensure it’s protected before you leave. 😉 Quote Link to comment Share on other sites More sharing options...
nickb1 Posted October 28, 2020 Share Posted October 28, 2020 (edited) https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/888756/Guidance_for_lettings_professionals_on_consumer_protection_law_0520_.pdf Yes, you are having a laugh. I mean the prisons are just heaving with EAs and LLs who have broken these regulations, and it's so brilliantly easy for tenants to take action through our wonderful, cheap and equitable legal system. Good one. Also what meaningful protection do tenants have when since 1988 there have been fully-legal no fault evictions, now reinstated after a brief suspension? I'm hazarding a guess but where else in Europe does this exist? We top the league table for evictions in Europe: https://www.feantsa.org/download/housing-exclusion-in-europe-evictions-chapter7026448962775795966.pdf with only Luxembourg having a higher eviction rate per head of population. Edited October 28, 2020 by nickb1 Quote Link to comment Share on other sites More sharing options...
wighty Posted October 30, 2020 Share Posted October 30, 2020 " in 1999 4% of mortgages were BTL, by 2006 that was 29%." HUTH have a lot to answer for. Quote Link to comment Share on other sites More sharing options...
wighty Posted October 30, 2020 Share Posted October 30, 2020 any of you LL's on here take out Tenant Default insurance?. eg Tenant default (£6.77 per month) Up to £50,000 of cover for rental arrears For 12 months No matter how much your monthly rent No excess to pay We are continuing to pay rent arrears to Landlords whose Tenants are unable to pay due to COVID-19. Quote Link to comment Share on other sites More sharing options...
user not found Posted October 31, 2020 Author Share Posted October 31, 2020 Now SSTC Quote Link to comment Share on other sites More sharing options...
poohbear Posted October 31, 2020 Share Posted October 31, 2020 How Quote Link to comment Share on other sites More sharing options...
user not found Posted October 31, 2020 Author Share Posted October 31, 2020 How People viewed. Offer made and accepted. Quote Link to comment Share on other sites More sharing options...
house-down Posted October 31, 2020 Share Posted October 31, 2020 What was the sticker price and what was your rent - Would be keen to understand yield on this property that investors are chasing Quote Link to comment Share on other sites More sharing options...
user not found Posted October 31, 2020 Author Share Posted October 31, 2020 What was the sticker price and what was your rent - Would be keen to understand yield on this property that investors are chasing £900pm £230k Needs full refurb though. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 31, 2020 Share Posted October 31, 2020 House across the road from us. For sale sign went up straight after lockdown, SSTC the very next day, yesterday for sale again. Quote Link to comment Share on other sites More sharing options...
poohbear Posted October 31, 2020 Share Posted October 31, 2020 People viewed. Offer made and accepted. Do they know you don’t have to move out yet Quote Link to comment Share on other sites More sharing options...
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