Archive for January, 2010

trapped by the property market crash?

property crash

Hi there. I bought a flat in London at possibly the worst time (March 2007); just before the peak in prices when properties were getting snapped up. I panic bought a tiny one bed big enough for just one person.

The good news is I got a tracker mortgage, so my payments have almost halved with interest rates dropping.

My relationship with my boyfriend has since grown serious, and we really want to live together. I really don’t want us to go back to renting, he has available money, but I don’t and neither do I have much equity in my flat – I bought it for 160K and put down a 10% deposit, so even if I sold it at the amount I bought it for I only have 14K to put towards a deposit with my boyfriend for a 2 bed place.

Do you think we should a/ live together in my tiny one bed and save for a deposit on a larger place (the cheapest option but least comfortable in space terms) or b/ rent a larger one bed and rent out my flat (more expensive option but more comfortable)

Real Estate Professionals

secured loan

After separation from her husband my friend has got into financial difficulty with mortgage payment as well as the secured loan on the property. She currently has an IVA with for the unsecured loans which cannot take into account the secured loans. All the loans are in joint names. If the mortgage cannot be paid or the secured loan would going bankrupt be a viable option as the house has been on the market for just over a year & has not sold.

Passive Income
property crash

So we have to do this for my legal and ethics class and I can not find the information. Basically the defendant was trying to make an emergency cellphone call while driving and crashed into a tree… what is his liability for the tree?? Also this is in CA and he has 3 prior cellphone violations, is his penatly just $50?

Rent Back Fast
property crash

I got charged with LSA and im under 18 with a probationary license. I damaged some private property but my insurance has covered it. I called the police a few hours later ( don’t ask why) but after i crashed i parked my car on the street adjacent to the one i crashed on and stayed in my car till i called the cops. Then i plead not guilty to the judge and have to go to court in a few months. What can i expect in form of punishment and what not?

Passive Income
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