Hi there, Renting out a property is just like any other business; you are liable for tax on any profit you make. The mortgage does not come into the equation as this is what you pay to buy the property. Its value will be yours, assuming you keep up the payments on it and in due course it will have a higher value than that which you paid or are ...

To MSKelly Just a little word of advice, don’t let anyone confuse you over the time switch issue. Now, without seeing the electrical layout I am making an assumption here, but it sounds to me like you have a dual tariff meter and then an independent time switch for your storage heating. Depending on the age of the metering equipment, the two ...

Hi Mallory, The 6 year rule I believe only covers a creditor taking legal action to recover the debt. Many banks and credit card companies recoup some of their costs by selling some or all of this debt to collection agencies for anything between a few pennies and 30p in the pound Many consumer groups argue that debt collection agencies are bound ...

HiI had a similar situation a number of years ago, won’t bore you with the details, however; suffice it to say the mobile phone companies’ opinion and mine differed. One thing I would always recommend, never do anything over the phone, always in writing and keep copies. In my case I responded to each and every letter with the outline ...

When you purchase a product, generally the manufacturer via the shop offers a 12 month guarantee. Some manufacturers and/or shops offer longer or extension options too. If the product you purchased breaks down and is subsequently replaced by either the shop of manufacturer, you are still in a contract of sale which began at the time of purchase. ...

I don’t know of any endowment mortgage that has made the return promised at the time it was sold, however this doesn’t solve the problem. I was told my endowment was expected to make a shortfall of around £5,500.00 and was offered the opportunity to increase my monthly premium to make this up. Mmmm, you can’t make the ...

Oh isn’t this fun! One excuse after another. The fact of the matter is that your friend has not actually bought the dress from Principles, but will in fact be buying it from the credit card company, who have in turn purchased it from Principles on your friend’s behalf. You need to be very careful here though, your view of thinking it ...

Everyone can and does make mistakes in some way or other. Common decency would obligate most people to return what is not rightfully theirs, however a good number of people fail to meat this criteria. I think you will find that an overpayment regardless of fault in the eyes of the law is an overpayment and since it is illegal to charge for goods ...

I had a similar experience some time ago, a lot does depend on the landlord for how easily this situation can be resolved. A couple of points I would suggest to ponder, firstly give the landlord a reasonable time frame to respond. If there is no response, write again and close your letter with 'your comments are required by ...

In response to Polyanna’s comment I would suggest you read my first comment again, very slowly and inwardly digest! I made no comment or mention of those who have lost or are about to lose their homes as a result of redundancy. My comment is aimed directly at those people who chose to purchase property they could barely afford when the ...