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About kirstieb

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    HPC Newbie
  1. In my life

    I work for a company in Bristol, our average age is about 25, most of us are "millenials". Every single day all I hear is my colleagues talking about buying a house. It's all 35 to 40 year mortgages with their partners or help to buy places that haven't even been built yet. It really is a major aspiration, and status symbol for most of us. I just see it as ridiculous that they are racing to get stick with such a massive debt. Also found this handy calculator online today- factors in projected price increases. Depressingly it pretty much says I'll never be able to to raise a 20 percent deposit at the current rate even saving 500 a month.
  2. What can I say, all the good ones were taken- looks like you had the same problem
  3. *raises a glass to you*
  4. Im just saving in a basic post office online ISA actually, this has a pathetic interest of about 1.25 % (still introductory), however the main benefit for me is it takes it full working day for any withdrawals. This means I cannot access any money Friday to Tuesday which stops me making any hasty withdrawals. its really helped me stop borrowing from it on a whim. I dont want to lock my money up for most of my life tbh
  5. Sorry got mixed up- to clarify its 22k before tax
  6. Thanks, I really think I will now. I doubt i will regret it
  7. Thanks, I think i might bring it forward! I do feel as though i havent got much apart from family keeping me here and it might be a blessing disguise to stop me getting locked down Have friends in canada and Oz- offered me a job last year funnily enough. I might reconsider
  8. Yes when I started out it felt like a lot more, but for the first time in my life im seeing my earnings just not go as far. Im still happy as ive done far better than the average lot where im from. But like the MumsDebtors say- I do keep choosing to not be paid anymore! Unfortunately for me money isnt the most important thing to me
  9. No offence taken, ive been called much worse!
  10. I Wow what a bunch- I am a 27 yr old millenial born and living in Bristol. I have a degree, earn 22k net a yr which is not a bad wage but its not great. I have been looking at buying now, only because i was sick of being made to move every year. Based on my salary i can borrow 99k according to the bank (about 4.5 times my wage). There is no BOMAD. Depressingly the cheapest flat that is not a genuine dump- or static caravan (seriously being marketed as a 1 bed HOUSE) even in the outskirts of bristol is 150k. Even saving 500 a month (I can currently afford to save 300 pm) it will take 9 yrs to save a deposit of that size (50k?) and by that time if HPI continues Ill be miles off still. And NO I AM NOT MOVING OUT OF BRISTOL, i have elderly family who rely on me, and there is no work for me outside of work Before anyone says the usual, I try to live carefully and within my means, currently paying off debts of around 7.5k from being stupid with credit cards in past. I got my phone for free and all gadgets i own came from work for free as a benefit and have a sim only deal, dont eat much meat, no car and cycle basically everywhere, dont really go out drinking but i will once a month and dont use any credit anymore, also have never been abroad. My yearly holiday is a festival in derby, Im not spending my best years missing out on lifes small enjoyments because im saving every penny so that i can then earn the chance to get into MASSIVE DEBT. It is actually pointless, even if it was possible its not worth it now. Every day i hear people my age talking about taking out a 40 yr mortgage on a help to buy with their partner. 1: Thats a ridiculous amount of time even if they RM. 2: Its absolutely only possible if you do it with a partner- I dont want to go into this with my girlfriend, plus most of my friends who have bought in the last 2 years have broken up almost immediately after. Its like once you reach what you have been striving for all that time you realise your not happy because its just a house and move on. Have been lucky and managed to get a flat (studio) with an assured tenancy and I have decided to continue saving for a few years and get debt free, and if its not become possible by then im using the money to go round the world, it will be much more worth it.
  11. Decent person goes into buy to let, what a shame

    I know it makes no sense, much better off buying a house to live in yourself. Then your rent money is going onto your own mortgage- rather than paying off your landlord with your hard earned wages. Not to mention if the tenant happens to not pay, or run into difficulty or trash the place. What happens if their own landlords wants posession of their home? I had to be honest to them and tell them not only is it not a great idea, Its things like this that have gotten us into the mess we are now with house prices
  12. A colleague is going into buy to let, doesn't own their own home to live in and will continue renting while hoping the rent pays the mortgage. Then planning to buy another btl. This is an otherwise all round decent person, but I'm struggling to see past the fact that they are simply buying somewhere and hoping the tenants will pay the mortgage, whilst still renting where they live. Effectively, still renting themselves with a buy to let someone else is paying for. Can someone explain if this is actually a good idea?! because I cannot see it myself
  13. Thanks I have advised her to do that and written a response for her if she wants to use it. The main concern is the fact that the sole client to the cleaning firm is the agency, it can't bode well for any tenants
  14. Hello, first time posting. My colleague has ended a tenancy with a Bristol letting agent, she has now moved out and the final check out completed yesterday. She cleaned thoroughly but was told that it wasn't clean enough and they would be deducting money for a professional clean. Nothing new here I am very aware, and it may not have been spotless when she left. The thing is: When she was told this I immediately advised to ask for evidence of the quotes they received and to look into getting her own quotes, plus asking for a receipt of the work done. This is when the agents advised the clean had already been done and when requested for the reciept sent an invoice for £120 from a Saxon Cleaning. At first, I was unhappy about the fact that they had just stated the work had been done already and she didn't have a chance to get quotes etc, but then I did a little digging. . . I looked up the company, which only had a facebook page (no website to speak of or reviews on Yell etc), and the ONE review was from about 3 years ago. So I tried calling the mobile number on the facebook page, which was also on the invoice so clearly an up to date number. The calls eventually went to voicemail in which a woman stated her name and to leave a message. I left two VM's and a text simply asking for a quote. The next thing was to check them out on companies house, and the woman who recorded the voicemail is in fact the director of the company. I then decided to have a look at her facebook ( or as much as was public of it anyway), and this is where the alarm bells rang. Her previous job was listed as lettings manager, so she knows the game clearly. I then noticed that she is married, to the SENIOR LETTINGS MANAGER OF THIS LETTING AGENTS. At this point, I still have had no contact from this company for a quote and it clearly appears that the only client for the company is the letting agents her husband works for. All reviews of the agents have a running theme of being overcharged for cleaning and no matter how clean the property is left they still manage to bill for professional cleaning. Obviously i have advised my colleague to raise a TDS dispute, but I feel there is more to this- its a major conflict of interest and how many more tenants are being ripped off by this company? Basically, is this illegal? Is this just morally wrong? Who can i get to investigate this. Thanks for sticking it out to the end