 Landlord Wont Return Deposit - UK? |
| Is there anything I can do? He says the carpets are stained, and complains that a freezer we brought has marked the lino. We have been there for nearly a year and kept things clean as best we could. D... |
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 A house an asset or liability? |
| I would like to know what you think...I think its a liability but my friends think its an asset...its a constant debate amongst us. I'd like your opinion.... |
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 My boyfriend and I want to purchase our first home in the next 6 months. Can I get some advice? |
| We will have about $5,000 to put down and haven't been pre-approved yet. We are both 25 years old with a bit of debt from school loans and credit cards, otherwise we both have great credit and ... |
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 How much does a 3 bedroom house cost where you live? |
Please state the city, state and price of house. Thanks!
Here in El Sobrante, CA it ranges from $400,000 to $560,000 depending upon neighborhood and age of the house.
Additional D... |
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 To all Landlords ? |
| Why do most landlords take a huge deposit for living in their house plus they are getting their mortgage paid and still think it is up to them to say you can not have a dog etc ! this really annoys ... |
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 Do you think its possible to live off $800 a month? |
Additional Details
people that live on $0 a month are homeless.... |
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 What does it mean by "Cul-de-Sac" Lot in real estate listings? |
what does it mean by "Cul-de-Sac" Lot in real estate listings?
what does "TLC" mean?
what does "fixer upper" mean?... |
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| How do you stop marketing calls? |
| I've been harassed constantly by realtors trying to solicit me since taking my house off the market and putting back on with another realtor. My number is on the DNC list, but your only ... |
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 Real Estate question? How much is a seller willing to go down in price? |
| 10,000-20,000 or what. When you sold your house how much did you ask for and how much did you get. or if you bought a house what was the listed price and how much did you pay?... |
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| I've been renting a house & became very ill. The landlord said he'd let me out of the lease no problem. But ? |
| now he's saying I broke the lease because the house was abandoned (3 days) while i was in the hospital. Is this really a breach of the lease even though i was ill?... |
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 Should I move home? |
| Just yes or no answers please, this is like flipping a coin sorta....... |
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 Landlord/Tenant Question? |
| Do you think it is appropriate to ask my new landlord for her bank account number to directly deposit our rent vs. sending a check?? I pay all my other bills this way and it would be much easier for ... |
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 Can i change my mind of renting a room to minor after collecting her deposit? read on please...? |
| Since i can't have the minor to sign legal contract, i would be in trouble if she cant pay the rent. what can i do? Is it okay to return her deposit and not renting the room to her? She paid her ... |
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 How do I get someone off my property. Doesnt pay rent.California, won't give me straight answer.No lease no re |
| My niece lived on property her boyfriend moved in. She moved out and he stayed. Want him out. Never have gotten any money from him. Eviction says you have to have rental agreement to evict. He is on ... |
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kerrie h | I,ve inherited my grandmothers house can I get a mortgage or loan on it to redevelop it.? |
My grandmother left her house to my brother and myself.We would like to redevelop it and maybe rent it out for a couple of years.We think that it's going to cost around £40,000 so need to release the money from the property.The property is worth around £118,000.
The problem is that that I'm not working at the moment and am not planning to as I will be doing most of the work on the house and will be my full time job.
My brother is working but doesn't earn a great deal.
We're planning to repay the loan using the income from the rent that we get for it each month.
Can we still get a loan or will I have to get a job?
If I'm working then it'll mean that the house will take so much longer to finish and we'll be losing out on several months worth of rent. |
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MSMORTGAGE
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Yes get a buy to let mortgage which is based on rental income and not your income. Need any further advice please feel free to e-mail me. |
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OriginalBubble
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I think you might find it hard, as the when it is actually being renovated, for that period you would not have anyone living in it, so would not be able to pay the money back.
I would contact an independant financial adviser |
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taketwo
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yes |
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Mark J
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its unlikely you will be able to get a mortgage, as these will require a proof of earnngs, there also would be problems if you are doing a lot of building work as the mortgage lender may not be too keen on seeignthe property be knocked about before it can be resold..
Just guessing you may be better off with a commercial loan. once your building works are completed and you have a tennant then you could mortgage and offset the income against the debt. but make sure the lender knows its a property being rented out. |
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mayrutherfordemail
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You can apply for a buy to let loan.
As long as the deeds are in your name then you can secure a loan against the property.
The bank will assess your current income and you expected income from the rent. They may ask that you already have tennants in place before they give you the money so that they are guarenteed to get their monthly payments.
****Have you thought about approaching your local housing association or council. Often they will give you a guarenteed weekly income whether there is a tennant in or not, they will also do improvements on the property at no cost to yourself.
This is often peoples first choice because they don't have to bother about landlords regulations and tennants problems. This would be my recommended plan of action.
Hope it works out! |
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Brand X
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If you own a house worth 118L free and clear, then you should have no problem getting that mortgage for 40L. Banks worry when borrowers default. But in your case, the value of the house is so high, the bank can always foreclose and get all of their money back. So even if you defaulted, the bank can get its money back. There's no risk for them. |
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Smirnof_Ice
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You should have a job,
at the bank they wont even talk with you.
Try with a regular part time job. |
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KIM A
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You would have to put the house up for colorital, and I am not sure that would work because you don't have a job. Its a catch 22. You need to get a job to show that you will be able to make payments on the loan. |
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great jobs
 |
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there are a lot such sites that pays you heavily, i will give you those sites time to time, |
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personnosrep
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id sell an go on a shoppin spree !! |
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Valiant
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You should be able to get a Buy to Let remortgage on this property. It is a remortgage as you already own the property.
Buy to let mortgages do not usually go on income they will go on the potential rental yield. Having said that, if you are inexperienced landlords, a minimum income level may be required by some companies to prove that you can maintain the mortgage in periods of no tenant i.e whilst the work is being carried out.
There are a few provisos though. The company could insist that the property is suitable to rent without the improvements. They could insist on any work being done within a certain timescale and ask for quotes etc. Also, as you are going to rent the property there are certain legal obligations that you have to ensure the safety of any potential tenants. For this, you may have to upgrade current fittings. Check with your local Council for guidelines..
My advice would be to find an independent mortgage adviser in your area and ask them to source the mortgage for you. It may cost you a small fee for them to provide this advice.
Alternatively, go to your own bank. You already have a relationship with them and they can see your accounts and may be more willing or able to offer some help but please explain everything up front.
Hope this helps. |
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Elliot H
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Go and see a bank manager, will be difficult and will depend also on your credit rating. It may be possible but without significant earning and no rent available to pay mortgage until house is complete will be difficult. Advantage you have is that you own the property and is only regarding releasing equity from it...
Probably get one of those mortgages for people with poor credit etc but becarefull of costs. |
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svensjr
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I'm afraid you will find it very difficult to get a mortgage if your income is very low, even for a buy-to-let. BTL mortgages are generally based on the monthly rental. As long as your rental income is around 130% of the mortgage payment, then you're ok. The problem you have is that you are not going to be generating any income to pay off the interest payments on the mortgage, until you successfully rent out the property. I would strongly recommend you see a mortgage broker for a free consultation. They would be able to confirm the situation and may know some sneaky way around the problem, although I don't know an easy answer, except, as you say, getting a job. Sorry. |
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Roxy
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You could try a remortgage based on the saleable price of the house once it's renovated. Go and see a bank or a good financial advisor - they should be able to offer you advice. |
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Shirl
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I would leave well alone for now, go to citizens advice or seek legal advice by way of solicitor before going into anything |
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♪ GOTH CHICK♫
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I would sell it and buy 2 flats and do them up to rent out.
Think of the profit in years to come. |
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Neil
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You would have to lie to get a self certified loan, but unless you've a history of borrowing your chances are slim. |
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ascavohq
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I can help im experienced in this program in july i refinanced a client the house was paid for and given to him by his parents he was unemployed I gave him a loan showing no income verification his credit was poor also he got 128,000 from my servces i would be more than happy to see what i can do for you feel free to call me 813-6547439 or write ascavohq@yahoo.com Anthony |
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