Croydon Council Support S21 Ban
I have just read that Croydon Council ( who I believe are Labour) have become the first council to support the scrapping of the Section 21 no fault eviction.
A council member stated “With Croydon having lost around 70% of its budget since 2010
The post Croydon Council Support S21 Ban appeared first on Property118.
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Second IVA?
Hi all, I had a tenant leave on the 1st of March 2017 with £1,050 arrears and dilapidation’s. To my surprise they were already in the process of arranging an IVA and I was added as one of a number of creditors expecting 25p in the pound spread over five years!
The post Second IVA? appeared first on Property118.
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New Freeholder changing the Right to Let game?
After owning and letting a Leasehold flat for around 20 years the freehold changed hands a few months ago.
I have now received a letter informing me that letting the flat breaks a clause in the lease that says the flat must be used by either the Leaseholder or a member of the leaseholders family and offering me the chance to regularise the situation by either evicting the tenant (of 8 years standing) or paying to have the terms of the Lease amended.
The post New Freeholder changing the Right to Let game? appeared first on Property118.
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The Growth of 2nd Charge Loans
There are many reasons as to why 2nd charge loans are becoming increasingly popular. A second charge mortgage can offer an ideal solution to a remortgage, further advance or an unsecured loan. Today second charges offer very competitive rates. Some of the main reasons for using a second charge loan rather than remortgaging are:
- Current mortgage is on a low rate
- Current mortgage is interest only
- Change in circumstance
The post The Growth of 2nd Charge Loans appeared first on Property118.
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