Aidan Ap Word

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About Aidan Ap Word

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    HPC Regular
  1. Countrywide issues profit warning

    So funny - an article "linked" (by computer algorithm) at the bottom of the resignation reporting was that London prices were to rise in 2017 ... The delusion is strong with this one. Then: ... I wonder if Caitlin asked Countrywide for their thoughts.
  2. See this PDF (from one of the tenancy deposit schemes( The deposit remains the property of the tenant at all times. It is held by the landlord or his agent until the end of the tenancy. The deposit is regarded as the tenant’s money. This means that it should be returned to the tenant at the end of the tenancy, if they have honoured the terms of the tenancy agreement. And from page 10: The House of Lords defined fair wear and tear as “reasonable use of the premises by the tenant and the ordinary operation of natural forces”. The word ‘reasonable’ can be interpreted differently, depending on the type of property and who occupies it. In addition, it is an established legal principle that a landlord is not entitled to charge his tenants the full cost for having any part of his property, or any fixture or fitting, “…..put back to the condition it was at the start of the tenancy.” Landlords should therefore keep in mind that the tenant’s deposit is not to be used like an insurance policy where you might get “full replacement value” or “new for old”. And the credentials mentioned here are significant - and a quick web scan supports what is recorded.
  3. Rbs To Charge Uk Companies To Hold Cash

    Link is here ... I think.
  4. Buying From The Landlord?

    A guiding principle might be: "A property is worth what someone is prepared to pay for it" Bearing in mind that the landlord would have to find another buyer (including - in transaction terms at least - having to pay the EA commission). I think you are probably better informed as to what it is worth/what someone would pay for it than anyone else anyway. The EA's are only using information that is in public space anyway (eg: nethouseprices). If the landlord wants it valued to check your information then she/he should pay for such. Aidanapword
  5. Just. Rent. It. Out. Innit.

    Yes. What would you suggest for this person though: Fined 10 months of rent for endangering lives - is an appropriate sentence?
  6. Make Wiseguy Tenants Disappear

    Yes ... but then there's this: OK, so that's the US ... but seriously, the market has got so anti-tenant that people can see a market in the tenant's data ... and find *another* way of squeezing more out of the hapless folks who make the mistake of filling in a form for this sort of tracker site. Except, if this takes off, then the tenant won't have a choice but to sign up to such invasion(s) of their privacy. Just because I rent my home I then have to give up more of my privacy to some unknown organisation who might not even bother securing my data properly ... And what happens to the hapless now-single person when their significant other trashes the place as they leave? And what happens when a rogue landlord decides to trash someone's "tenant profile" -> what will the person moving out be able to do about it? Having bought recently -> I can confirm - that in my case at the very least - the inspection of me and my life is far less invasive when buying than when changing where I rent. Disclosure: I no longer rent. But you really couldn't make it up ... I genuinely believed the crash was going to happen within days of me buying ... but I really couldn't conceive of the depths of TPTB's commitment to endless HPI and the social misery for renters ... and for my children who are really going to face the pain of this.
  7. June Land Reg Out (Aug 16)

    South Bucks is 44 transactions. Slough, which is in South Bucks, is +24.6% Slough is about 149 000 people, or somewhere in the 1000s of homes (at an average of 3.5 people per home that is about 42 000 homes - a real guess). So just a few sales (somewhere around about the "1 in 1000" or something in that range of the ridiculous) shows a change of that size. Real meaningful. Wow. This data is really reliable! #Sarcasm
  8. A New Version Of Pb Came Out Yesterday.

    East northants, a few properties seen before Just in time, like you say. Excellent stuff.
  9. Renters: Do You Have A Breaking Point?

    Like you, I bailed ... and around June 2015 too! Though - unlike yourself - I gave up and bought a house on the Sinking Island. All for finding a stable home for my family (I, too, am 1 of 4). Get that deposit back! I made a costly mistake with the rental I moved out of - partly because I was so relieved at not being used by a landlord any more (replaced that with a bank) - that I disagreed with the deductions from rent the **** of a LL papered all over my deposit money. And this without even having an inventory of the place when I moved in. So all the chaos of moving and changes at work and supporting an "Awesome Mummy of 2 Awesome but a-little-poorly-Twins" I let the time for formally opening a dispute lapse and the little **** of a LL got their deceitful pennies anyway ... Just warning you so that you remember this in all the busy-ness of emigrating. The LL - quite possibly - will try to invent all sorts of spurious stuff to eek more money out of you ... but it is your money (fair deductions notwithstanding). Just be sure to assert thatit is *your* money before the deadline (3 months?) passes.
  10. I, for one, would want to be sure that the purchaser of my home was NOT about to screw me over by not being able to get the funds into the country to pay for the house on the right day ... potentially breaking or invalidating the whole chain and leaving everyone with their lives in moving vans sitting outside homes they can't afford because someone in the chain has broken the funding fiasco that is buying houses in this country anyway.
  11. Flippant: And how many of those are now sitting very uncomfortably when the site was supposed to be back yesterday and yet, clearly, isn't. More importantly ... I wonder what the legal fees should be for validating an offshore mortgage as suitable for proceeding with a house purchase. I wonder how quickly you can get the money into the country from an offshore source on the day of the house purchase ... or do they have (or plan) some sort of escrow in each country in which they plan on doing 'business'. Also: what are the legal details involved if I have a mortgage held by a corporate in another country if I decide to stop paying them? And if I am nuts enough to host financial services across currency boundaries, how do I manage for exchange rate risk ...? A number of mortgagees in the UK have been accused (unfairly?) of not being able to understand future value, present value, interest and the difference between nominal and "real" amounts. How, on earth, can we expect folks to understand the risks of doing these things across currency boundaries? OK, I know, most of that risk should be help by the mortgage provider ... but if I were them I would write a clause(s) into the mortgage agreement that covers me (the provider) in the case of significant exchange rate fluctuations ... how would the FCA respond to such unknown-ridden clauses that ... even if they had jurisdiction (and they don't) since they don't license the mortgage provider. 1 word springs to mind: Minefield.
  12. Halifax May 2015 -0.1%

    .. just to be an encouragement, in a way. If you have to buy a house then do so carefully and accept that prices are too high but buy the closest to what you need that you can afford. Accept that the prices are going to crash. And, in an 'attempt at humour' to say: they are going to crash soon now because I have jumped into the sinking ship, and I am 1 really fat bloke. And to <rant /> I guess. So here goes: <rant> We are a family of four who got moved on by the landlord who had to sell up to pay death taxes (because they don't understand economics, finance or planning). The four of us need a stable home. The landlady really pissed me off with the 'sob story' about how hard it is for them. "I have these four forms I have to fill out" and "it is so hard" ... boohoo. Doesn't know she's born. Try moving a family of 4, exacerbated by the fact that two of them are twins under the age of 3. And I have lost count of the forms I have had to fill out and the intrusive questions I have to answer, and the invasions of my family's privacy. And I have been bankrolling this thoughtless one for 8 months. </rant> And to say: a) the house I bought with a friend in 2003 was like walking through a park and answering a few dumb questions - I got screwed and lost a lot of money on that house when I had to re-sell it in a hurry the MMR has meant so much more intrusion than a) it's almost ridiculous - no wonder volumes are down, it's like trying to swim through treacle OK, I will shut up again now.
  13. Halifax May 2015 -0.1%

    As a long time (if quiet) supporter of a lot of what the CountOfNowhere has said, I meant to encourage him, and others to genuinely say: hold firm, the crash is coming. I can feel it (I know hunch-economics is not economics). It was almost palpable as I signed the contract.
  14. Halifax May 2015 -0.1%

    Well, that's official then. The crash starts the week after I complete on my house. I kind of thought that would happen. Just to say: the wait is over everyone - it begins here. And, no, I am not being sarcastic. I mean it. I have taken the plunge and now prices will indeed do the same. Still, debt slavery aside, at least the landlord can't move me on at a whim any more.
  15. Btl Ramping By The Wail

    In all the years of renting a property I honestly wish that my landlord would anywhere near 100 GBP/month on maintenance. OK, so excluding the money spent between tenants (which I obviously can't measure) I think I have seen the landlords for the 4 properties I have rented over the last 12 years spend (collectively) about 350 GBP on maintenance. Even if I am way wrong on this, that is about 3 GBP per month (or the price of a cappuccino). Ah yes, sorry ... I forgot the building insurance they would (probably) have paid at about 15 GBP per month, too. *sigh* Aidanapword