Crisis (homeless charity I volunteer with) has had a hell of a lot of cases of this to deal with since the recession - good to get finally get some legislation

(lkjshaglkasjdhglkhjz lkcvl; g;aodh;owih, Wed 22 Sep 2010, 16:21, 3 replies, latest was 16 years ago)

So, you take out a mortgage
but then you rent the property to your partner, then, when you fail to pay back the mortgage and the bank try and repossess the house, your partner still gets to live there, presumably under the terms of the agreement you both signed, which could be piss easy.

Is this how it works?

I know it's a problem really, I'm just pointing out the obvious way of milking it.
(Bazongaloid, Wed 22 Sep 2010, 16:23, Reply)

without getting too technical on your ass
you'd still only be buying yourself a couple of extra months!
( rachelswipe with a fork, Wed 22 Sep 2010, 16:26, Reply)

You should be happpy you're living in the UK.
In the US, homeless are generally considered at fault for their condition no matter what the reason. Our right wing government would rather see dead bodies on the streets than have their rich friend’s have to pay a penny more in taxes.
(MichaelS wasn't picked again, Wed 22 Sep 2010, 16:24, Reply)

I am very happy I live in the UK instead of the US for lots of reasons.

(lkjshaglkasjdhglkhjz lkcvl; g;aodh;owih, Wed 22 Sep 2010, 16:29, Reply)

it was very harsh on resi tenants
who had paid their rent in full. it happened to some of my big corporate clients who had taken on properties at tens of thousands a month. no defence whatsoever, sorry.

how a landlord who is earning £10k a month in rent cannot pay his mortgage is a mystery to me, but there you go.
( rachelswipe with a fork, Wed 22 Sep 2010, 16:24, Reply)

Listen, 'swipe, I was wondering, can I get some legal advice from you?

( G/PP 💩💩💩💩💩&#128, Wed 22 Sep 2010, 16:27, Reply)

go on...

( rachelswipe with a fork, Wed 22 Sep 2010, 16:32, Reply)

When he said "legal advice" he actually meant "used underwear"

(Bazongaloid, Wed 22 Sep 2010, 16:37, Reply)

Damn, I knew I was using the wrong keywords on Craigslist

( Labia Majora You keep on talking but it makes no sense at all, Wed 22 Sep 2010, 16:40, Reply)

Her trial briefs so to speak
/rimshot
(Zoz prayed for twink on, Wed 22 Sep 2010, 16:47, Reply)

Right, ok, I entered an implied transaction with with a women in exchange for services.
We said that it was £40 for the hour, something I thought she would be happy with, but due to medical reasons I was finished in 3 minutes and could not continue with the job. She expected full payment, and I couldn't really reffuse because there is a guy in the next room who looks a bit tasty. I honestly felt threatened that if I do not pay the invoice, that my life was in danger.

On a side note, I don't think the corperation involves are up to date on their taxes, and am thinking about going to the athorities for a reward; should one be available.
( G/PP 💩💩💩💩💩&#128, Wed 22 Sep 2010, 17:01, Reply)

The rent could go into an escrow account to insure the mortgage is paid
each month before the land owner receives any money.
(MichaelS wasn't picked again, Wed 22 Sep 2010, 16:27, Reply)

Maybe the mortgage is more than 10k a month?
Also, isn't there tax paid on rental incomes?
( JeffTheDogFucker Can you dig it?, Wed 22 Sep 2010, 16:28, Reply)

could be cashflow problems - I moved our company in to new offices about 4 months ago to ease cashflow - it doesn't take a lot of change in circumstances to fuck things up for some businesses.

(lkjshaglkasjdhglkhjz lkcvl; g;aodh;owih, Wed 22 Sep 2010, 16:28, Reply)