• Content count

  • Joined

  • Last visited

About Fatmanfilms

  • Rank
    HPC Poster
  1. No, ideally she will get 2 or 3 interested parties & they will get bids over the asking price.
  2. Decent person goes into buy to let, what a shame

    I doubt they will pay any capital back & believe they can borrow for a lower rate than the rent, so purely for cash flow. Of course with the change in taxation they could have negative cash flow soon, especially when interest rates rise. As 5 Year fixed rates are quite high for BTL they will have only short term fixed rates.
  3. Thats not correct 25% are non Swiss, many of whom were born in Switzerland.
  4. PCP time bomb: why your next car could cost you dear

    I have had 3 BMW's (E36/46) bought with 85,000-130,000 on the clock & did a further 100,000 miles with very little expenses. I did most of the repairs myself as just oil/ filters/ break pads & disks / Battery. 1 needed a couple of rear wheel bearings on 1. Cheapest motoring you will get.
  5. Since rents are paid in advance & not on credit, there is no good reason to include them in a credit file. Bank deposits don't figure either, just your level of indebititness, only rent arrears would fall into this category. Bank statements or a rent book will show that rent is paid in a timely manner.
  6. They just wont stop....

    Property was affordable in the 1980's for a single person, I aged 21 in 1983 bought my first flat in London & sold it 18 months laster for over twice the price. That property would sell for en excess of £800,000 today
  7. For those gains unto April 2015 to remain CGT free, the taxpayer has to be non resident for 5 complete tax years. For the first 2 years that could mean less than 16 days in the UK per tax year, depending on the taxpayers circumstances. Return after 4 years & 11 months & all the CGT is payable.
  8. At what price will HPC people buy at ?

    120 months rent
  9. Actually the benefit is an illusion as the pension is taxed on payout. An ISA would be a far better deal as far as a tax break. For info my pension is worth 12 times my contributions so even with a 25% cash free lump sum, tax payable will be approx 9 times more than I got in tax relief.
  10. Nothing, their money will still be in European banks.
  11. Paying down capital won't decrease taxable profits in any way.
  12. When Interest Only Terms End

    The bank already have a first charge on the property in the form of a Mortgage. If the 'owner' cannot refinance, then the property will need to be sold. I know Nationwide have contacted my wife who has 5 years left on an IO mortgage. Selling is one of the recommended options.
  13. The problem with consumer goods like cars, TV's & white goods is that products are priced at the price the ,market will bear. If the exchange rate changes against the seller tough luck, the market will not accept the increase. Bear in mind imported goods did not fall 18 months ago when the £ 1as @1.40 to the Euro. Profits were higher then,theyare lower know. Thats the way the cookie crumbles. This is clearly correct as the pound has fallen more than 15% yet inflation is way under 3%.
  14. BBC R4: Are house prices about to crash.

    I am either seeing no accounts filed as the companies are fairly new & accounts for a dormant company for the older ones. No info to extract,,,,,,,,,