lovemoney.com - Q&A - All questions http://www.lovemoney.com All questions from Q&A on lovemoney.com en-gb Copyright 2008-2012 lovemoney.com. All rights reserved. http://www.lovemoney.com/Images/Global/HeaderLogoOnWhite.gif lovemoney.com http://www.lovemoney.com 300 50 <![CDATA[Is Santander in danger?]]> I do my banking with Santander and also have my fixed rate mortgage (another year to go) with them. With the Eurozone on the brink, should I be worried / take any action re my Spanish provider?

]]> <![CDATA[Should there be a 30% flat rate of income tax?]]> A report from the 20/20 Commission has suggested that the Chancellor should introduce a flat rate of income tax at 30%.

The change would allow us to keep more of our earnings, which we could then spend on the high street and boost the economy.

The commission also called for the abolition of NI and Stamp Duty, and cuts to fuel duty.

Would such changes help? Are they even possible, or is this just fantasy talk?

]]> <![CDATA[I have been offered 50% of the freehold of my leasehold property - why is buying it so complicated? ]]> My landlord has decided to sell the freehold. Both myself and the other leaseholder are interested and have agreed a 50% share each. We have agreed a price so you would think the transaction would be straightforward.

I planned to borrow additional funds on my existing mortgage to fund the purchase but my solicitor will not allow this to happen as he said money cannot be secured on a jointly owned freehold (even though my mortgage comapny are securing it against the leasehold interest but want to register the freehold against it) and without the required registration (either a deed of additional security or a deed of substituted security) the mortgage comapny will not lend. For the priviledge of this dispute, I have incurred £350 extra costs by the solicitor. I feel my solicitor is doing a really bad job of advising me, but obviously I am reluctant to change as the other leaseholder and I are using the same solicitor to keep the cost of purchasing the freehold low and I would have to pay the costs incurred to date and start over.

What would happen if I paid cash for the freehold - would the same paperwork have to be completed, thereby running into the same problems as the leasehold mortgage would still be registered against the freehold (but at it's current debt and not with the additional borrowing)? My solicitor is also claiming it would be better not to renew the leases at this stage but from reading around the subject, I get the impression it would be! My sole purpose of buying a share of the freehold is to keep any lease extensions etc to a minimum but if I have to apply for an extension in a few years, could the other leaseholder insist upon a payment for the extension?

For something I thought would be simple it is turning out to be a confusing mess. Any help or advice would be gratefully received.

]]> <![CDATA[I have received notification of overpayment since 2006 to 2010. Am I entitled to the full amount owing now?]]> I have only received a cheque for the year 2009-10 to date but wish all the monies owing (around £8,000) to be paid asap. Am I entitled to demand this?

]]> <![CDATA[Have you ever used a payday loan?]]> Which? has published some really scary research on payday loans, finding that 60% of people that have used them have done so to meet the costs of essentials like food and nappies.

There have also been many issues with hidden charges. You can read the full research here http://www.which.co.uk/news/2012/05/new-which-research-exposes-payday-loan-failings-286258/

So, have you ever used a payday loan? What did you use it for? How did it go?

]]> <![CDATA[Can the payment of NI be calculated on a cumulative basis if an employees' working hours are irregular?]]> For instance if an employees' monthly salary is £400 for the first 11 months of the tax year (therefore NO NI PAYABLE) but in the last month he earns £1,000 (which is above NI threshold), will there be an NI liability (even though overall his annual gross salary works out to be £5,400 - which is below the NI threshold?

]]> <![CDATA[How do I obtain a Court Order to evict a tenant who is refusing to leave despite giving him required notice?]]> <![CDATA[Which National Insurance Category Letter should be used for a UK Company Director?]]> <![CDATA[am i entitled to a refund off landlord]]> we were there 3mths and paved the back garden because the grass had all died, the landlord told us that if we ever move they would sort us out for the job, after 12 mths there we were offered a bungalow off the council , so we took it, now the landlord says they will not sort us out for the garden cos we never asked them permission, do we have a case,x

]]> <![CDATA[Can my ex make a claim on the house?]]> My ex and I jointly bought a house in 1998, she left me in 2003 and I paid her £25,000. I never removed her from the mortgage and deeds. She has recently instructed a solicitor and is making a claim on the house. Can she do this? As I said she is still on mortgage and deeds, can I remove her without her knowledge? I don't know what to do!

]]> <![CDATA[Do mortgage lenders ask questions that are too personal?]]> According to a story in the Times this weekend, when assessing a prospective borrower's application, Northern Rock asks what they spend on things like haircuts or pets.

Is it a good thing that lenders are taking such a detailed approach to working out whether we can afford the mortgage, or are the questions getting a little too personal?

]]> <![CDATA[Who is liable for the tax on rent?]]> X paid off daughters mortgage with the proviso that when the property was sold the money would be returned. As the property market has slowed down selling at present doesn't seem the best option so X and her daughter are considering renting it out until they can sell at a price that will cover the loan,but they are not sure,for tax purposes, whose bank account the rent money should be paid into. The deeds of the property are in the daughters name ,but the equity belongs to X.

]]> <![CDATA[I paid a £100 deposit for hire of an apartment in Turkey, the owner pretends that she has sent it to me. I have received no cheque ]]> I have the proof of my payments and emails but the owner said that she would pay me when I got back to the UK. I have constantly rang her and now she says that she has sent a cheque to me. I have received nothing and she is now saying a handle on a cupboard was broken. What do I do?

]]> <![CDATA[Should fathers be allowed up to six months' paternity leave?]]> As announced in the Queen's Speech, the Government is going ahead with plans to introduce flexible paternity leave.

This could see new fathers enjoy up to six months of paternity leave.

Business leaders are very upset, saying this will be a nightmare to manage. What do you think?

]]> <![CDATA[I have searched relentlessly thru the internet on IPIN Global SES product downside or whether this is a scam. Does anyone know about this product?]]> SES is secured exit strategy. One can register at IPIN Global to gain more explainattion on this investment. It seems too god to be true with annualized return of 20% on your investment.

Regards

Xixilizerone

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