Me, As Guarantor

[Claymore]

Yes, property is in Wales.

The email says that an urgent response is needed as they will offer the property to someone else. I guess I will just go ahead and then worry about it if everything goes wrong.

[Claymore]

Hi

My son is home from Uni and depending on this unprecedented situation we are currently in, he intends to go back in September.

I have just received an email asking me to act as guarantor etc.

What would happen if this pandemic continues and he isn't able to...

[Claymore]

We are in very unusual times at the moment. I don't think you are going to see the £3000 returned. If you agreed to the sale under auction conditions and then withdraw, generally, if the property is resold later, at a lower price, then the Vendor can come to you for redress for the difference....

[Claymore]

Hi

Is there anyone on here who has actual experience of what is going on with current sales? IE, if you are ready to exchange and complete in about 7 days. Are Solicitors actively making checks to find out if a transaction 'can not' be temporarily delayed? Or are some Solicitors allowing...

[Claymore]

Do you know the reason why your tenant is moving out? If your tenant is buying a property and hasn't actually exchanged contracts yet, things might not go to plan. I have read a few pieces on-line indicating that Solicitors are being advised to halt Exchanges for the moment. To me it doesn't sound enforceable...

[Claymore]

Wouldn't this create other problems? If a Guarantor was added to the tenancy agreement, that would give him/her rights to actually live at the property etc?...

[Claymore]

Are these rates permanent, ie, not a temporary measure because of Corona Virus?...

[Claymore]

Perhaps the agency charge the Landlord a fee for a new contract and Agency is trying to maximise their income. I would drop a letter to the Landlord directly, stating you are happy to be on a rolling tenancy (statutory periodic tenancy). Your Landlord is very unlikely to serve notice on you if you...

[Claymore]

Are you sure your move has been delayed? I thought it was a suggestion of the Governments not an actual order.

[Claymore]

Well if you are repairing farming tools, that affects the food chain and I would say its essential. However, if you are not currently repairing farmers tools/equipment - I would stay at home. If you are self empliyed the Gov will cover 80% of your usual income upto £2500. If you are a Ltd Company...

[Claymore]

🤣 and now my son has pointed out I should be talking about fractions!

Artful, my son paid quarterly for a 9 month period.

When he goes back in September, he will be renting for the full year and I'm not sure how often he will pay.

[Claymore]

I'm getting in there first. I was never very good with maths or equations!!


[QUOTE=Claymore;n1100802]. Those students not returning have been released from their contracts. Therefore, he will not have to pay his third quarter....

[Claymore]

My son is at Uni but I retrieved him last week! He is in his first year and is in the Uni Halls of Residence. Today, we got an email asking to confirm by 30th March if he was going to return or if he had permanently left. Those students not returning have been released from their contracts. Therefore,...

[Claymore]

I can't see many Landlords wanting to confirm they are in Financial Difficulty. It almost seems a bit unfair as so many mortgages, nowadays, offer payment holidays and I wonder if these holidays are only allowed to be taken if the Landlord is in financial difficulty.

I would have thought...

[Claymore]

I've always tested the fire alarms on check-in day, in the presence of the new tenant. I then get they to sign and date a declaration confirming the smoke alarm is working....

[Claymore]

Thanks. I will go to the property 3 days after she has vacated....

[Claymore]

I understand you can stay put but you are liable to pay double rent to your landlord until you do move out. If you are definitely staying put, then you should inform your landlord/agent in writing now. They can at least relay this message down the line and if necessary, the new tenants can stay put...

[Claymore]

I don't know. It's a service I have always provided. Is it acceptable for me to go in a couple of days later? Again, I am asking will I be permitted to do this journey. My property is not my Job. It's seen as my Investment.

The Government has given orders that we should not be going...

[Claymore]

Hi

My tenant has just had confirmation form her solicitor that her house purchase is about to complete. Any ideas if I am allowed to go and check her out? I'm 200 miles away so will be peeved if the Police stop me on the motorway and send me back home!

If I am allowed, I...

[Claymore]

jpkeates,

That's lovely, thank you so much!