 £24k a year rent, on £450k property? |
| I'm renting in London, does this seem extreme rent for an unfurnished flat? It's gone up 11% from last year, plus I have all the bills on top, council tax, TV, sky, heating, elec etc .... I&... |
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 Eviction by force is scheduled for next week. What happens to all the junk if the tenants leave it? |
| I know they are going to leave a lot of stuff in the house. Is there some sort of protocol I have to follow in tossing the stuff? None of it is really worth keeping (in my opinion), but I don't ... |
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 Home Appraisal Question. Appraisal Higher than asking price? |
| The house we're buying just appraised at $11,000 more than the asking price. We offered, and they accepted, $166,000. Home appraised at $177,000. Lender says that's great! What are some ... |
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 I've mice in my flat, what can I do? |
Don't answer to use a mouse trap or poison, it's not the purpose (I dit it, of course).
First of all, my flat is tidy and clean... It's good to precise!
I keep ... |
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 I want my tenants to leave, the lease has been terminated, but they are refusing. on what grounds can I evict? |
| I'm letting some family members stay in my house rent-free and all they have to do is maintain the house and grounds. I treat this as a month-to-month renewal, but now I have terminated the ... |
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 Help Interpreting one lease paragraph? |
| My lease recently expired at my old apartment on the last day of November. I was out of my apartment by that time. However in my lease there is a paragraph saying that I should give thiry (30) day ... |
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 What is the benefit of using a Realtor? |
| I mean, if I can find the property i want online. What would the benefit be of using an established Realtor? Do most Realtors have bargaining power to lower the price? Thanks.... |
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 Worried Homeowner! I am a LPN and make good money. But my husband has been laid-off of work for five months.? |
| I am tired of paying the house payment, utilities, two car payments, insurance, and we have two kids. I am thinking of selling my house and renting an apartment. We can't refinance because due ... |
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 What is home equity, how do you get more equity, what does it mean? |
| What is a home equity loan? How do you know how much equity you have in your home? is that the loan you get for home improvements? Anything about equity would be great.... |
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 Got eviction order from court ..what shall i do ? |
Hi,
I am single mum with new born (9 weeks) and postnatal depression with no family with me in the UK.
Landlady decided to evict me from flat once she heard i am pregnant ( months ago)... |
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 Is it better to list a house for sale by owner or with an agent? |
| we need to sell our house ASAP - can't really afford to pay all of the sellers costs including the commission. Don't want to make any money from the sale - just enough to pay off the ... |
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 Help!! i dont have good credit and i want to buy a house? |
I have bad credit and want to look into getting a loan to buy a house? Do I have any options, I have heard about first time home buyers loan? Can anyone give me any advice?
Additional Details
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 Where can i find out the value of our house? |
| The county has been charging us increasing property tax despite values going down. we want to contest it.... |
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 What is the highest amount a landlord can charge in late fee ny? |
| Landlord is charging $45 intial fee then $5 everyday is that legal. Has it in ... |
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 If you break your lease or get evicted does it effect your credit report? |
| I am curious to what happens in these cases. I am trying to get out of my lease but I don't know if it goes on your credit or if you have to pay. I have one more time to be late and they will ... |
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 This is a serious question. Does anyone want to give me a house in England? |
I don't mind where.
I'm trying to reduce my outgoings so having a free house will be great for me and my family.
I guess we could always sleep in the gutter tonight!!... |
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 How much should I charge for a pet (puppy) deposit? |
| Renting a 2bd 1 ba house with yard. The girls want a puppy and are dead set on it. I'm going to allow it but I'm not sure how much to charge. I'm mostly worried about the hardwoods, ... |
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brian | Can i still get a mortgage at a decent rate if i have bad arrears problems? |
my credit rating is bad, |
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Cheryl J
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HI, i am not sure. Quite often if people have a bad credit rating then only the higher interest mortgages are available. When we went for our mortgage we have our own business but has only been running for 2yrs (need to have 3yrs worth of books) so we had to do self cert which similarly only offered us a selection of higher rate mortgages.
Find yourself a really good mortgage broker and they will find you the cheapest. dont do it through an estate agency linked mortgage as they always offer high rates as standard. |
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nicomp
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You might want to clean up your credit rating, then think about a mortgage. Some lenders will gladly loan you money at a higher rate but if you wait a while you can get money at market rates instead of letting them gouge you now.
It hurts, but perhaps you need to pay the price for your past credit mistakes by waiting until your rating improves. |
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Barney B
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I dont think so |
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globallypuzzled
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Find a decent broker. There are lots of good deals out there bad credit or not. |
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Fox Hunter
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If you have CCJ's or poor credit you will generally pay through the nose for a mort as you appear to the lender to be a bad risk.
Try to clean your credit ranting up. |
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christian jesus is god
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yes |
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MSMORTGAGE
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Yes of course u can but you need an expert in mortgages for adverse credit, like me. There are lots of lenders that will take unlimited arrears and ccjs - so if you want any help e mail me. - good luck. |
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lester
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Yes. I had an IVA and got behind with that so they looked for a remortgage for me topay them off and a bit for me from the chealsea @ 4.75% or there abouts |
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MARTIN D
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Try www.surefirefinance.co.uk they can help with Bad Credit Mortgages, Loans etc. |
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Price is what you pay for value.
 |
Lender will give you money for sure. Probably charge you a higher interests rate and extra insurance on the loan for not having the down payment or good credit.
Would you consider delaying your plan? Professional investors are careful in choosing each investment that would be near or immediately cash flow positive. With overpriced housing market, that is not possbile.
For example, it costs $500,000 to $550,000 to buy a two bedroom units in Sunnyvale California. Mortgage monthly payment with nothing down is $3500 to $4000 a month with 7% APR. The rent one can collect from such unit would be $2000 a month. Therefore, for each unit you buy, you would lose $1500 a month.
* We assume tax benefits would cancel out with tax and maintenance fee. Please consult your CPA.
**If you have large down payement, the rate may be lowered.
Another important factor to consider, home price may not appreciate as much anymore. In most area of the U.S., housing price stopped going up as inventory continues to build up. It is normal to see a correction as a boom that lasted for several years.
If you are investing new money in to real estate, this may not be a good time as the potential return on investment is small compare to the high risk of lower home price.
If you are doing a side way move, meaning you are selling one to buy another one, then it is acceptable.
Nothing is absolute, but housing market is very likely undergoing a correction and this is only the beginning. Some say this would be a soft landing (0 to 10%). Some say a big crashing is coming (10 to 20%).
http://money.cnn.com/2006/09/08/real_estate/caught_in_the_bubble/index.htm?postversion=2006090814
http://money.cnn.com/2006/09/05/real_estate/Ofheo_home_prices/index.htm?postversion=2006090514 |
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kj
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yeah if you look around quite a few big lenders will still lend you at good rates don't be tempted to go to these companies that will take anyone on thou they charge sod loads to set it up then sod loads in interest. try seeing a financial advissor who will know more about where to go and who may take you on |
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expatriot1000
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NO !! |
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Searchlight Crusade
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Your odds are best if you have good long conversations with several brokers.
That said, Making loans is a risk-based business. A borrower with shaky or bad credit is at higher risk of default, and other things being equal, is at increased risk of default. As a result, you will pay a higher rate than someone with perfect credit.
You can clean up your credit - it doesn't have to be perfect, just close to average, in order to get the best rates. You can also ameliorate it with a larger down payment.
Arrearages (late payments) are something lenders take very seriously. Particularly on housing - whether it's rent or mortgage. Don't have them. |
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