Hi guys, I am hoping to rent out my home due to financial issues. I have all the necessary jobs done etc but was told that I must obtain a consent to let from my mortagae provider. I have looked into this and the information is pretty confusing. The info states something about the LTV (Loan To Value what wvwer this means). I borrowed 63k from Northern Rock which as an 100% mortgage as it was all I could afford at the time. I had an agent out last weekend to ask for a selling price, and they said 50-53k, so in other words I would be in shit and would never be able afford to pay the negative equity back. What position would I be in to have consent, should I seek consent or just go ahead with renting anyway? I have even thought about handing the keys back as its causing me a lot of stress. Serious answers only please, I would appreciate any advice. Thanks for time.

I rent a garage from a company and I found out at the weekend somebody broke in from the back wall on the garage what leads back onto a canal. I check garage door last Monday but never went in just check door I never knew it back on canal if I did I would check inside but never thought somebody would make a hole in the wall bigger enough for a fully grown man. Any way cut a long story short the police are involved with it and I phone garage people they was closed at weekend and there no other number so had to leave message what I think bad. They phone me Monday they said about what happened and they said if no damage done to door then police got sort it they can’t? I said what about the big hole in back of wall other people can get in, they go lets us check something then say oh that’s been reported for a while. I said your telling me you know about this all this time and you not bothered telling me or fixing it they say I get the manager to phone you but nothing. So if they bothered fixing it or told me this would never happened I had a lot of tools stolen and some wheels also I got a classic car in there they smashed windows spray painted on it and tampered with engine it will cost me to much now so want to sell it. So do you think I can take them to court for all the damage and lost of tools and stress.

ok, I’ve done something really really stupid. I know it’s stupid so please don’t tell me. I lent my boyfriend some money so he could get back into uni. only I couldn’t really afford it myself so I used a credit card, with his assurance that he would pay me back very soon because he had his student loan coming and he’d started a job in retail. problem is that he’s very bad with money…i only know now just how bad. he paid back £500 when his student loan came through. but then he bought a computer. his retial job promised him more hours but at the moment he’s only working 4 hours a week and that doesn’t look like it’s gonna increase any time soon. he owes the landlord 2 months worth of rent so that’s kinda top of the list. he said he’s gonna sell his PC but it still could be months before he has enough money to start paying me back to remaining money which is about £1000 and increasing with credit card interest. i’m really regretting doing this because things haven’t gone according to plan and now it’s making my credit rating look bad.

well, after all that, here’s the question. is there anyway i can put that debt into his name? it’s a bank credit card. the only thing i can think of is if he gets a loan or a credit card to do a balance transfer. but he’s applied to some of the most popular ones and no one will accept him. does anyone have any advice?

btw, i don’t see this relationship lasting much longer so if your advice is to break up with him, trust me, it’s already on the table …. but that still doesn’t get my credit card paid off

I have a tenant who has not being paying there rent on time. This has been happening for the past 3 months now and is still 2 1/2 months in arrears with no signs of payment at all to clear the arrears. Since speaking with the tenant I found out that he lost his job and was waiting for housing benefit to which he has been awarded but does not cover the full rental cost PCM and does not start for another 3 weeks. So at least I will receive some money back but will always have the arrears and the extra to which I am worried he will not be able to pay back.
Due to this I have missed some mortgage payments as I can not afford to pay for that property as well as my own home (which comes first!) Therefore I would like to sell the house

Do I have the rights to sell this house as the tenant has breached his contract?
How do I obtain the arrears back from the tenant?
Not sure of the legal process to evict the tenants?

Any help on this matter would be appreciated
Just to add, I have been a very good landlord to this tenant. When I actually found out about him loosing his job i was sympathetic and came to an arrangement for him to pay the rent on a wkly basis as he was working the odd job. But he never kept up with this agreement for the past 2 months.

I know what sort of recession were having, my husband has been made redundant so we too are having to watch out pennies this is why I am unable to pay for this property as well as my own. I have to use my judgement on this and decide what is more important to me, my OWN home or my tenants home??

I am not a charity, to me this is a house i rent out to a tenant who is happy to live there and pay the monthly rent.

thanks to all who have contributed to my Q in an honourable way that will help my current situation

probably heard it all before, but this is new to me never been in this sort of mess before.
(i owe £1950 to credit card, and £200 to electrice)

started just before christmas, had a little bit to much to drink and raided my money, right before my rent, credit card bill, car insurance, electric bills all went out, spending all, yes completely stupid and very reckless, i managed to get my rent paid most of it (luckily its a friend of mine) my car insurance because i need my car for work, but theirs only so much money can stretch, i paid these off, got a few gifts for christmas, with no money i didn’t pay my credit card or electric. was in complete shock as to wot i done, and i admit i got scared and left it,

was just catching up to pay it off this month until i got the bailiffs coming round for £500 which is for bt, who screwed me over 3years ago, never used there service once, and conned me by putting up a new line because the existing one had ca roded, i was not aware of this or the cost, did try sorting it then but gave me no help or explanation, nor did i sign anything, and told them i was not going to pay for something which wasn’t my fault. so had to pay that.

now it’s 3months in without paying credit card, or electric, but have absolutely no money to pay, until next month where i can squeeze some money together and pay some of it off. was wondering if anyone has had any experience or advise for me. if i ring them will they allow me a month to sort myself out so i can pay some of it off?

i’ve looked on the net and all there saying is sell this sell that, cut back on this cut back on that, use savings, well i don’t have any of that, every week my money is going to something else to pay off and don’t have any money coming in from anywhere. and i just need the time to save to get the sort of money there asking for in one go. easy saying pay it off now but when you haven’t got spare cash its hard to see a way out.

yes i was stupid and i know i shouldn’t of done it, but it’s done and i am in this situation because of me.

thanks for reading.

http://www.bbc.co.uk/news/uk-12371904

Council and Social housing was developed to give lower income families access to a secure, decent home at an affordable rent. Previously, many people lived in squalid conditions in unsuitable property at the hands of unscrupulous landlords.

The idea of lower income families being able to access affordable housing however, without anyone making a "profit" out of the whole deal sickened Thatcher so much she sold it all off. and made sure the money was not ploughed back into replacing the houses which had been sold.

Therefore opening the door to a million get rich quick bandits and slumlords who buy up dodgy old properties and rent them out at extortionate rates to those who are unable to get social housing (because theres none left!!)

These people often being the poorest in society (young families, single parents etc) they are at the mercy of the slumlord, as they can’t afford to just up sticks and move, and know that if they dare to make a fuss about the exposed wires, faulty heating and black mold in their homes they may well be given notice to quit.

So they are stuck living in squalid conditions in unsuitable properties at the hands of unscrupulous landlords.

How sad that we’ve taken such a massive step back.

I personally would like to see the punishment for these slumlords be they forfeit their property, which is turned over to the local council/housing association, renovated and rented out as affordable social housing to a family in need.

No doubt that would make me a "communist" though . . .
bunion – oh please can the whining, I’m sick of hearing landlords make out they are the injured parties, face it you people make a packet out of the misfortune of others and lack of affordable social housing. Its immoral the way you overcharge and treat people who *have* to rent from you through simple lack of choice. Be thankful that social housing is so scarce and house prices are so high, otherwise noone in their right minds would pay exorbitant private rents for crappy insecure tenancies and you’d have to find another way to make money!!!

Best thing I ever did was buy a house and get out of the landlords’ clutches!!
Elmbeard- I don’t think anyone has an issue with "decent" landlords who play by the book and look after their tenants – and actually respect them as human beings with the right to a safe secure home, and not just a way to make money!

Sadly thats not what we’re talking about here. We’re talking about the slumlord, the villain, the dodgy opportunist who buys up old terraces and lets them out to the desperate, homeless people who can’t get a council house but need somewhere to live. The usually charge a relatively low rent and accept housing benefit, two things which more "fussy" landlords won’t do, which means they are the only option for those at the bottom of the social ladder, the poorest and most vulnerable who, pre-thatcher, would have been catered for by the social housing sector.

The landlord can then get away with what s/he likes as their tenants don’t have the option of just upping sticks and moving. These slumlords are simply taking advantage of others’ misfortunes – ie th

Essentially, this issue boils down to gathering opinions on the idea of throwing someone out of their bedroom in order to claim it for my/our/self/selves. But allow me to pad out this issue a little bit first…

My boyfriend had "his bedroom" at his parents house, with all of his posessions in. He then went off to university. During this time, his older sister finished university herself, returned home, and claimed his room for herself, but as she said at the time "only temporarily". Fair enough, one might say. (At this point, I need to deviate slightly away from his older sister…)
Approximately a year later, I met my boyfriend while also in uni, and a year later again I decided to move to his local area (where his parents house is situated) to find work. I had a job, and we were house-sharing with his *other* sister and her family. However the landlord sold the property to a developer, so through no fault of our own, everyone in that house (myself, boyfriend, his other sister, and her family) have all had to move into my boyfriends parents house. Bottom line, there are 12 of us now in a small 3 bedroom house. Living is difficult, peace and tranquility are non-existant, as is sleep. Myself and my partner are sharing a small bedroom with 4 others (all children) at the moment, and as a result, our relationship is suffering through stress and lack of privacy. Our possessions either disappear, or are destroyed by the children, the room is a constant tip, the kids are still in the bedwetting stage, and once even urinated on our bed which is adding to the stress. My health has suffered, it has been that bad (3 colds and a bout of tonsilitis in 3 months!). We do not complain however, and have been trying to keep our heads down and grin and bear things as best as we can, as it’s not an ideal situation for anyone.
To deviate back towards the earlier mentioned sister who took my boyfriends bedroom – It is not even a case of her just having the room, because someone has to. However, this sister has a boyfriend who moved to the region about the same time everyone had to move back into the family home. He has moved 2 miles from the workplace that both he and the sister go to (as opposed to the 25 miles from this house to her work) so obviously, his sister is perminantly living round her boyfriends, and litterally sleeps here about one night every 2 weeks or so.

Bottom line, there is a bedroom here going unused while the rest of us are like sardines, which is not being given up because my boyfriends sister is a selfish cow. She likes having the room for the one night every so often that she bothers to grace us with her presence. She says she doesnt want to move out yet to be on her own (and why should she, when she has it cushy and rent free here?). Me and my boyfriend have offered her money for the room, even on a night by night basis on the nights when she isnt here – not interested. We have gone to their father and offered him money for the room – "not an option" apparently. Common sense is not prevailing and I don’t understand why not? To me, common sense would be myself and my boyfriend using that room, and then the bed that we currently use in the shared bedroom being used by his sister on the one night every so often that she is here. That may be misconstrued as bias, but sorry – to me that option is the lesser of the "evils". For 3 months we have bit our tongues and let her carry on hardly using the room, but now the situation is changing – myself and my partner have jobs – I start next week, as does he. We need our sleep, and we need our privacy. Also my job requires that I have a lot of paperwork, and client information, which is obviously confidential, and nowhere is safe in this house! I am terrified that through lack of sleep, this job will go pear shaped. Neither of us can let that happen. Our plan is to save for a couple of months for a deposit and move out anyway, but in the meantime, we want that (mostly) vacant room. We have considered everything from getting hold of another key and just moving her out one day while she is in work, changing the locks and moving us in, to just putting a damn sledgehammer through the door. My boyfriend is hell bent on getting that room back one way or another (although preferably using civilized methods, obviously – having failed with the cash offering routes, he wants to get a key or locksmith next). I have mentioned what if theyr father throws us out (because the sister in that room is the apple of their fathers eye!) as a possibilty, but really, what can he do?

Also, I’m 25 y/o, my boyfriend is 22 y/o, and the four kids in the bedroom range between 5 and 18.

Sorry for the epic wall of text, and I hope I made things clear(ish)!

Please advise… anything from advise to empathy would be appreciated.
Hmmm, I guess the point is being somewhat missed here.

Like I said, was unemployed until about 3 days ago, so until I start shitting out gold bullion, or have been in this job long enough to save some money to actually move out, moving out to solve the issue is not an option – Jumping out with no money saved seems very irresponsible to me. When I have my own place, I was to be able to actually afford it.

Also, I get the impression from some that it’s my boyfriend’s responsibility to "look after me and provide for us". Welcome to the 21st century, and like I said – he only got a job last week too. Do you really think moving out hadn’t occured to me? Just see earlier point – can’t go anywhere with no money which will come in from this job. I was kind of hoping for advice and thoughts on the issue in hand, not for the blatantly obvious which for the forseeable future is out of my hands… Never mind…

I sold my mobile on Ebay and the buyer paid after a couple of days so I sent the phone and he left me pos feedback and then emailed me asking to do the same for him which I did. I assumed this was the end of the transaction so I binned the receipt for postage. Now I have had a charge back applied to my Paypal account and they have deducted the money for the phone – £99. This left me with a neg balance so Paypal have now taken the money from my debit card and have robbed the money out of my rent fund!
I am in a state of desperation as calls to Paypal and my bank have got me nowhere. My bank cant do anything as I gave Paypal my card details which apparently means they can take what they like. Paypal refuse to give me my money back and now I have to wait until the situation is resolved and there is a good chance it might not fall in my favour.
I work hard for my money and am so upset, can anyone tell me how to help myself on this one?? I cant express my hate for this scammer enough!!

I have been in a relationship with my boyfriend for 3 and a bit years and we have been looking for a place to rent together for about a year and a half now.

We have always been close and confided in each other with the mutual feeling that relationships work best when neither of you have anything to hide. This, we decided, included money and we promised one another to always tell the other anything we felt they needed to know with regards to money problems or anything to do with it.

The problem is, as he works, and i am a uni student, money has always been an issue, but i have always maintained and still do, that i want to pull my weight, meaning any place we get must have a rent that i am able to manage. He agreed with this, and put me at ease dissagreeing when his rather opinionated parents stated that they felt it was unfair on him as i was a student, with obvious debts and they believed would make him pay for pretty much everything.

However, he recently hit hard times, lost his job, was involved in a car crash which wrote off his car and then was subsequentially sold another car which had problem after problem, but i stood by him, helped him out when i could, both with money and support. He now has a new job within which he is happy and has sorted out his car, but now because of past events is still having difficulty catching up with all his debts. However, we still looked for places, and i worked when i could to get some money together, but i have been very down lately about it all, as no matter what we do we don’t seem to be making any headway, which i’m aware is simply ‘life’ but none the less, i have been worrying and quite down about the whole situation.

Yesterday though, he blurted out in an argument that he actually has around 30 grand hidden away from when his nan past away and has been keeping quiet because his parents believed if he were to tell me it may change the way i see the relationship and stay with him simply because of the money. Which hurt, not so much what they said, but he seemingly agree’d with them and didn’t tell me.

I just can’t get out of my head the amount of times, looking back, he’d lied to me to simply keep me from asking awkward questions, and all the times i’d told him my worries about the future and cried about how down i feel about it, and all the times he replied with "oh, i wish there was something i could do to stop you worrying" – i don’t want him to use the money, as i agree with him that he should invest it for actually buying a house, but i feel betrayed that he didn’t feel he could tell me, that he lied so easily about it to me, and that he let me carry on worrying about our future when he knew he had something that could put my mind at rest.

Do i have a right to feel like this?

OK scene. Britain pre-WWII. The only way to get a roof over your head, unless you were wealthy, was to private rent. People struggled to afford it, families lived in squalor, crammed into small flats, exploited by private landlords who would evict them at a moment’s notice and fail to carry out essential repairs. Life for the less than wealthy could be grim.

The end of WWII. The Labour Government decided to reward our heroes and built millions of Council Houses, big enough for families to live in, with gardens and indoor bathrooms, tenure was secure, no restrictions on children, pets etc and rent was affordable!

Then Thatcher came along. The sight of people living happily on low rents in secure accommodation annoyed her so much she sold off the Council houses. Blair then encouraged the affluent to "Buy-to-Let" and Councils used private landlords to house their homeless tenants due to the lack of Council Houses.

And we’re back to where we started!!
A poorly built home is better than no home at all which is what her policies have left many young British families with.
Kat – our last delightful landlord left us with no heating or hot water in the middle of December (he was in Pakistan). The house was also overrun with mice. We struggle some months to pay our mortgage (our house only cost £72,000 – you should move up here to the South Wales Valleys, lol!!) and our house needs a LOT of work doing on it (which we can’t afford) but Thank God no Landlords to answer to!