service charges

0 Thanks
1 Posts
13 years ago
I have problems paying service charges and ground rents.
I have 10 BUY TO LET
6 Buy To Let are with Bank Of Ireland
2 with Coventry Building Society.
2 with Birmingham Midshires
Problem started with bad tenants. And fix rates interest changes from 4.99% to 6.99%
Now its making life hell with service charges and solicltor fees
Rents from all the buy to let wiil not cover the cost.
My personal savings dwindling fast.
Try to sell some off Buy to lets . But Market to low to cover the cost.
Just like to know from other Landlords how they over come this proplems

Thank you

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.