i want to buy a house and rent it out to someone else who would pay my mortgage i was wonderinf if u sell the house and the mortgae that has been paid off do you get it back?

Heres the situation:

My male friend buys house with his girlfriend over a year ago – mortgage in both names, but he had a form made up that makes sure he gets the money back he put down if the house is sold. They broke up 3 months ago and shes moved back to scotland to live with her folks (shes on the doll – not earning a penny, and not paying her part of the mortgage) – he is trying to get her name off the mortgage (she wants 3000 pounds from him to do this!) which they are sorting out between them.

iv moved in to the spare room to pay half the mortgage as rent – no extra bills to pay on top – for 350 pounds. not alot, but enough to put a hole in my pocket lol! we set up rules that i couldnt have my boyfriend over more than 3/4 times a week (not a prob) and no strangers in the house, and no parties with asking (incase he had work the next morning) which was fine. we both agreed we are house proud, and like things tidy and in their place, and dont eat alot of fast food.

i went on holiday for a week before movin in 4 weeks ago, and i swapped numbers with him and a female friend of mine – they hit it off, and she hasnt spent one night at her mums house (thats where she is paying rent – 400 pounds – which she is moaning about as she hasnt been home, only to collect more clothes) since i went away (that makes it 5 weeks at his house) and she hasnt spent a penny on bills or rent, as she is using water, food, electricity, and gas, not forgetting she is using my stuff (shampoo/conditioner and bodywash, food, and pinching my dvds without asking)!!! when i asked her about it over email, she printed them off and showed him what i had been saying (most of it was joking about, like "keep the noise down" and "can you keep the fumbling to the bedroom?" stuff) as they are very open about their relationship and seem to snog and grope when they can, even if someone is in the same room – eww! he had a list of things he was going to comment on with me, but he never did, and i found the list down the side of the sofe – in her hand writing!

my male friend has insisted she hasnt moved in (he said when she does he will let me know), but she blatently has – she has a pile of shoes at the bottom of the stairs (all mine are in my room) and she does her washing there, and uses everything in the house, and leaves her stuff in piles everywhere (laptop, motorbike helmet – she doesnt even have her motorbike anymore – golf umbrella, handbags, makeup, and clothes) which is just so messy! to top it off, they eat out or have takeaways all the time (unless she is cooking for them – not asking me if i want to join them, or even consider i am there – once or twice a week if lucky) and they leave their pots and pans dirty, dont wash up, or even fill the dishwasher – and its not even my house! she even has his door key as she finishes work before him, so lets herself in as and when!

everything we agreed on went out the window – my bf can stay whenever he likes now, and he isnt as tidy as he made out, and he eats rubbish all the time! i just cant understand why its suddenly changed now he has her!

can anyone help? im really considering on moving out – its so bad!
how can i approach him without her and lay it out? im so stuck! help!

I bought a house in Sep 2001 for £69750. I lived there till Oct 2005 where I then went on to rent the house out. I then moved back into the house in Sep 2009 where I am currently residing. It is my only property and is now my permanent place of residence once again. As I had a period of more than 36 months where the house was rented, if I sold the house now for say £130k, how much capital gains tax would I be liable for? If I held on to the house for another 6 months or so, would I then be exempt on capital gains if I sold it?

we have a 2 bed house with a near 3 yr old & a baby due in sept. We have single glazing and gas fire heaters, a front garden on a downhill and back garden on a big uphill so our son can only play outside on the patio, we pay £550 p.c.m and recntly landlord has started to turn up unannounced and getting really funny and sarky and talking about selling the house, we found a 2 bed ground floor flat 2day for the same rent but slightly bigger rooms, just no garden but double glazing and central heating it is the area we lived in two years ago before moving to this house and really want 2 move back as we want our son 2 go 2 playschool there in sept its about 15mins drive away in car but we dont have one, we are really at a lost as to what to do. We want to move BUT we are going ffrom a house to a flat so very torn in 2 pieces. The only other thing is we would have to get mother in law to get a loan for our deposit 2 move, SO what do you think should we move or not???

Hi,

I was made reduntant from my job last September. I worked for a large bank and they layed off 80% of the department.

I had only been there 8 months so I was not elible for reduncy payment.

I had no debts and £3500 in savings at the time.

Ive been to lots of interviews but just cant seem to get the positions. I have been using my savings to pay bills/rent etc and I have also sold my car for extra money. I now have no savings and I am into my £1500 overdraft by £1300!

I hated having to go onto jobseekers allowance but I have just applied so will get £62 per week.

I’ve just paid off my last months rent and I am having to move out and back home with the parents. Im 34 so this is the worst thing and I feel so pathetic.

Apart from looking for a job and living with the parents I am very worried about not been able to pay bills etc. I have a mobile phone with 7 months left on the contract plus other direct debits. Add this with the interest payments on the overdraft and I have outgoings of £528 per month. Incoming of £242 per month.

I dont want to have to go bankrupt or anything like that and I am tryng hard to get a job. Is anyone in the same position or does anyone have any advice on any help available or ideas on how I can sort this out.

Its making me sick with worry and I could really do with some positive ideas.

Im selling on Ebay and I dont go out or buy anything anymore.

Be good to hear from others in this type of situation as I know Im not alone with the state of the country at the minute.

Thanks for reading and I look forward to your responses.

I am a tenant in a property which i have been in for 3 months now.
I have had numerous problems with my landlord not doing repairs. one of which is to the wiring of the house as it is fairly unsafe. I rely on electrics working in this property as it has no central heating and we used electric heaters. I raised the issues with the landlord when first moving into the property 3 months ago and the work although numerous phone calls have been made promising it will be done, has not.
After speaking to CAB and being advised to write a letter with all the issues I suddenly realised I had, had no details sent to me about the TDS.
I have now found out that the deposit has not been put into a scheme and im almost sure due to problems with the landlord it not going to be.
I have requested that I could possibly move out early so that i can live in warmth and safely and the landlord does not have to pay out money for his property as he has already said to me he would rather sell the property than fix everything. I also asked that my bond be returned and we call it quits at that. This idea seemed to be ok when i first spoke to them but now the landlord wife wants to take me to court for the remaining rent ( which I am aware she can)

What i need to know is do i have any right to take them to court to get my bond back as they have broke the law by not using a TDS although I am moving out due to me personally finding the property a safety hazard??

Thanks for any help

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im going through a divorce and still living at home , 3 kids and mum in law in my annex , the situation as you can imagine is not very nice for all concearned . i have no mortgage on the property and mum in law and wife just want me to leave ,
the breakdown has nothing to do with affairs , its just sad its slowly gone down hill since the loss of close family members over the past few years , i have tried my hardest to put in back on line (and i mean my hardest relate etc ) but to no avail .. the kids (19 yrs , 17 yrs , and 13 yrs ) are devestated as one would imagine and affected them in different ways .
I am not in a position that i can simply afford to move out as i dont see why i should have to,, i have been sleeping on the sofa for he past 4 months my wife wont allow me to have the bedroom access at all ( she could sleep in with her mum in the annex but wont ) . My wife and my mum in law it seems are making life difficult for me, . i was told by her friends neighbour that she is logging every thing i say or do in some sort of attempt to drum up some harrasment charge in order to get me out of our house .
Personal items of mine have just simply "dissapeared " when i know that they where there days ago and i have discoverd some of them hidden in the refuse bags .
My kids behavior has changed as well , my son who was always a pleasent little lad has started being cheeky and even scratch my car . when he admitted to me that he did it i was upset and told him off . The following day he was cheeky again infront of his mum and grannie but they did not intervene and allowed him to do so . in fact he had been asking me for a new mobile phone and i had to say no as i simply can not afford one , how ever that very day my wife (who works ) went out and bought him the phone he wanted along with a years contract ..
I can not nor wish to compete with this , i know mum in law is finacing her daughter , as she i supect she is scared she may have to leave the property if the courts decide that we may have to sell the house .
As i have been made aware the bloke always comes off worse in cases likes mine i did ask mum in law if she could move in to the main property so i could live in hers whilst this is being sorted ,. No was her answer .
I feel very reluctant to instruct my solicitor to try to enforce this as i feel my kids will see it as if im forcing there grannie out , well im not , she would move into another part of the house but im affraid i will lose them all together , the property is in both our names and mum in law has not got a rent book she has gave money to my wife and paid for the annex to be decorated to her needs .
I have been getting so low of late as i work alone for almost 90% of the day and when i come home i am alone as well . I can not afford to go out much as i am paying most off the house hold bills , shopping for my self , giving my wife monies for the kids as well as paying my legal fees ,
i get so depressed as i can not see any thing to look forward too now days or any way out , i get so low i have even considerd stupid thoughts …..

My Mum lives with her fiancee and was going to sell her place as she can no longer afford it, I have had many problems myself and needed somewhere for myself and baby to live. I decided to rent my Mums house and as I was claiming benefit at the time put in a claim to get housing benefit. Now 2 years down the line I have been told this is fraud and will be cautioned and have to pay it back, is this right as I am so confused
A t the time of me living in the property and claiming benefit my Mum had moved out to live with her fiancee and the house is and was in my mums name only

I have a mortgage with my ex-husband as I cant afford to take over the mortgage myself. I rent the property out and my ex-husband now wants £7k off me as a full and final payment and is happy to keep his name on the mortgage so I can keep renting the house out.

Is there any such legal document I can get him to sign so that he can not come back for any more money in the future stating that he accepted the £7k to relenquish any future rights if I sell the property.

Thank you