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Nick-

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Everything posted by Nick-

  1. oh dear, so many pathetic little companies spawned by this boom, run by cretins giving them names like that (Stuart Law, I'm looking in your direction ) Not long now, folks
  2. Regarding the restriction of shared ownership to key workers, this is not entirely enforced For my local area, a London borough, they did claim it was for key workers, but they also consider people who live and work in the local area who are priced out of the market, and from what I've been told, you will be accepted I was, and I work in the private sector, definately not a key worker, although I never proceeded with the application, as I'm in complete disagreement with the philosophy Also, I was accepted onto "Openmarket Homebuy", which basically means any house thats for sale is eligible,
  3. This made me chuckle, reminded me of this video Remember, this guy is the Chairman of the committee that regulates the web in the US http://www.thedailyshow.com/video/index.jh...dlines-internet
  4. Most of the time its just not possible, JD My current place, and the place I was looking at, I told them I would want it for at least 2 years, neither had a problem with that, but insisted on 12 month ASTs
  5. This is the distance by which you missed the point <------------------------------------------------------------------------------------------------->
  6. I'm seeing a lot of that around here, ridiculous newbuild BTL fodder going for 1200pcm-1500pcm You can get a lovely 3 bed semi for about 1000pcm Trouble is, most people don't even think about it, part of the property mania has made these glossy gated developments very aspirational. Despite the fact that shared hallways, neighbours above and below, etc etc etc can all make for a pretty shitty existence in comparison to your own house I deliberately exclude flats when searching my local rental market
  7. Property shortage my **** Can't wait to see the market really tank when this myth about a shortage is blown out of the water once and for all
  8. Labour and Brown have no mandate to be running the UK anymore, they should call a general election immediately I wonder if Cameron just came out and said "look, the economy is down the shitter, the value of your houses is going to fall, and we are in for some tough years after this absolute abhorration by NuLabour. There will be tough times ahead, but we will ensure that your money doesn't bail out banking fatcats, and will put measures in place to ensure we do not end up here again" ....if the electorate would take to that sort of message? I'd say they would now be far more receptive to it
  9. I don't believe the 40% band should apply across the whole country as it stands 30k (or whatever the threshold is) is not the same in London as it is in some parts of the north It should be varied dependant upon the local average salary
  10. Average BTL numpty : "well, if the market falls, I'll just buy a load more!! LOLZZ" Er, no, you won't
  11. It was significant last time, but with the credit crunch and BTL, less so this time around "It's different time time"
  12. Its not about whether the lender would decline the request or not, its about the landlord choosing not to, due to the requirement for a substantial deposit, the significantly increased monthly costs, and the requirement for tenants to be protected by an AST
  13. Can you please stop referring to people with an alternative viewpoint as kids, it really lends nothing to your argument
  14. Dude, you're going way too deep Really? Does anyone have a definitive answer to this? because this is just my understanding, and I'm happy to be proved wrong No-one likes unprofessional landlords either, it starts with the mortgage, and permeates their whole approach to providing housing
  15. I'll bear that in mind when I'm planning all my illegal activities for this year
  16. You mean the lender who has products specifically tailored to suit renting properties out to professionals?
  17. Theoretical situation: I rent a house, find out the "landlord" is on an OO mortgage and high tail it out the door, but do my moral duty in letting him continue his game of playing at landlord You occupy the house next, settle in for 2 years, find the kids a good school etc, landlord falls into arrears and is reposessed, you and your kids are kicked out onto the street without notice Would you be more or less angry at people who "dob in" landlords renting on OO mortgages?
  18. And normally incurs a very large premium, heard of someone today who can't afford to live in their property, so told the mortgage company they are going to let it out : £400 more per month Many things will change with the new lending environment we find ourselves in, for instance a lender may want to ensure all their properties that are let are only mortgaged to 85% of their new value, the margin call often discussed here. What ramifications if the landlord is using an OO mortgage? ouch.... Security for current/future tenant when it comes to reposession, removing the ability for people t
  19. What the hell are you talking about, on one hand we are supposed to accept authoritarian ******** like no kids, no pets, no smoking, yet a snidey move on the landlords part that has a hugely detrimental effect on the rights of the tenant during reposession should be overlooked? Where you got the abolishment of private renting from only you would know A distinction has been made between what is in a contract (the mortgage), and what is morally acceptable (someone informing the mortgage company of a landlord breaching this agreement) Lets look at the morality of the buy-to-let product on its o
  20. What the hell are you talking about, on one hand we are supposed to accept authoritarian ******** like no kids, no pets, no smoking, yet a snidey move on the landlords part that has a hugely detrimental effect on the rights of the tenant during reposession should be overlooked? Where you got the abolishment of private renting from only you would know A distinction has been made between what is in a contract (the mortgage), and what is morally acceptable (someone informing the mortgage company of a landlord breaching this agreement) Lets look at the morality of the buy-to-let product on its o
  21. Apart from the petty, amateur social engineering they're all indulging in Hugely unethical and morally wrong
  22. Definately protesting too much now The landlord is providing a roof over my head? thousands upon thousands of legitimate landlords out there willing to do just the same, if you want to put it that way Why would a tenant have any loyalty to someone so incompetent/petty that they are willing to remove some of their rights sneakily and risk immediate eviction? You vill abide by zee rules !!!
  23. Methink the lady doth protest too much The tenant will have plenty of time to catch up on some Orwell when they are being unfairly evicted without the protection of an AST with a proper BTL mortgage
  24. This should be part and parcel of the agents service : credit check on tenant and credit check on landlord to see if he's on the right mortgage deal and not removing some of his tenants rights without their knowledge Karma my ****, ******* hippies
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