buy to let mortgages

Good luck with it Shelly, id love to be in a similar position, but unfortunately im at the other end being the tenant!!

On paper im the worlds worst tenant - single parent, 3 kids, on benefits. However the reality is that I have a lovely house which I can only afford because my landlords reduced the rent by £200 a month knowing that I want a long term home for my family, and knowing that I will look after it, which I do.

[Shellywoozle]

Originally Posted by kellyjo

Good luck with it Shelly, id love to be in a similar position, but unfortunately im at the other end being the tenant!!

On paper im the worlds worst tenant - single parent, 3 kids, on benefits. However the reality is that I have a lovely house which I can only afford because my landlords reduced the rent by £200 a month knowing that I want a long term home for my family, and knowing that I will look after it, which I do.

Why you worlds worst tenant? You sound ok to me chick ..... x

I have a tenant in mind, she is a close friend that is loosin her home and wants to rent but is worried she can't afford, so i am nit looking to gain financially. If i can do this my mate gets a house, I break even but don't get noise when I am sleeping and ob shifts. I also have security when my pension is worth jack.

Originally Posted by Electro

I got a great way of sorting that though. Can empty a property in 45 mins, tenants, belongings, everything
A mate of mine has had a few issues with a couple of his but always sorted out the removal with no issues.

Never assume that having working tenants will be a safer bet either, i have seen plenty of rented property in shocking condition with working tenants living in them.
Another guy i know will only take tenants that are 40 or above due to previous issues with younger people.

This is why there are laws in place to allow owners to visit the property. If owners can't be bothered to check up then they get what they deserve IMO.

If I got in to renting property out (which I do In a couple of years) then perhaps just 3 or 4 times a year I will have a planned visit just to make sure they are keeping to the rules set out in the contract.


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I am here: http://maps.google.com/maps?ll=51.217225,0.245293

Originally Posted by Stuuk1

This is why there are laws in place to allow owners to visit the property. If owners can't be bothered to check up then they get what they deserve IMO.

If I got in to renting property out (which I do In a couple of years) then perhaps just 3 or 4 times a year I will have a planned visit just to make sure they are keeping to the rules set out in the contract.

True mate but i`ve seen a tidy house reduced to nothing in less than a week, stripped the floors out to the joists and sold everything. An extreme case i know but it happens. If insurances are correct at least the damage would be covered.

Originally Posted by kellyjo

On paper im the worlds worst tenant - single parent, 3 kids, on benefits. However the reality is that I have a lovely house.

Dont put yourself in the same light as some Kellyjo. I work for a few lettings agencies and visit many rented properties where the tenants are single parent families. Most of em are the better of the tenants as they do want a home for their family and not a doss hole that some others seem to enjoy. You are obviously doing something right if the landlords are willing to sort a long term agreement out with you

[SoulKiss]

Originally Posted by Furry Ginger One

Sorry Shelly but I hate the idea of buy to rent mortgages.
It pushes people out of the housing market because prices go up as more people take property off the market just to rent it to somebody who can't get a mortgage due to excessive prices.
Not going to get into a heated debate, just my penny's worth.

+1 on this

Dont think it's fair to put all the blame on the buy to lets, blame labour for allowing the mortgage boom to explode the way it did.

When the house prices started getting stupid a simple increase on the borrowing rates would've calmed things down, but no, they rode the feel good wave and thought Bolox to the consequences, young first time buyers are paying for it now, you can't blame people for taking the opportunity to make an investment.

[yorkie_chris]

Originally Posted by Stuuk1

This is why there are laws in place to allow owners to visit the property. If owners can't be bothered to check up then they get what they deserve IMO.

Realistically the law is all on the side of the tenant

[dizzyblonde]

I don't think I could ever rent my house out to anyone. After what I've seen over the road done to a beautiful house by a tenant.

I've been a tenant in a house years ago, that the landlord conveniently forgot to tell the mortgage company about, and because he didn't pay it, I nearly lost my home!

I couldn't biting my nails hoping, even if a friend was a tenant, that they'd look after the place, and paid on time, don't like money confrontation. Plus my house is a heap, and not worth renting!

I've thought about it, but I'd rather sell, and get shot.

[timwilky]

Mate is letting out his house over the road from me. He has had bad tenants (skip owing money, and good ones).

Interestingly he has me listed on the contract as his agent with a right to enter the property. In that way if there are any problems (good or bad) I can get things sorted for him. With his current tenant. I have been in several times. But always for a brew and can I look at his bike.