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Karen Gates

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And payment of full council tax during void periods. And CGT when/ if you sell. And HMRC charge tax in January and July.

From: Karen Gates 22 July 2023 15:12 PM

Isn’t it illegal not to take a deposit and register it with one of the government’s recognised deposit guarantee schemes?

From: Karen Gates 13 May 2023 11:56 AM

We have three properties due to be re-mortgaged next year, the first being in May. We are very anxious about how much the increase in mortgage payments will be, following the BOE's increase in interest rate. If we have a negative stress test by the lenders, we might even be refused lending. We retired early on the strength of our work pensions but need rental income to boost our monthly income until we receive our state pensions. We probably can't increase the rents as the market does not demand it in those areas, so might have to consider selling them instead. It is good financial sense to sell one property per year, but we might have to be forced into selling all three in 2023/24 and just absorb whatever CGT comes our way. What I really object to is having to pay full council tax whilst the properties are empty on the market for sale. This payment, multiplied by three, without any rental income will be unsustainable for us. We could be looking at repossession of one or more properties. We've worked and saved hard and been successful landlords for twelve years, and now it could all be for nothing. Thanks Liz Truss:(

From: Karen Gates 17 November 2022 14:53 PM

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