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bumblebeeandboy

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Everything posted by bumblebeeandboy

  1. https://www.moneysavingexpert.com/news/2021/07/tesco-bank-current-account-closures/
  2. Family works for a national housebuilding. His region is Surrey/Hampshire. Last week they sold 0 ! Before they were flying, now just dried up. Neighbour just put house on the market. 2 weeks later 25k taken off list price (around 4%). Very very slow,little interest. This is a ultra popular road.
  3. Office in our town (surrey commuter belt) with a sign to let/may sell... I expect to see a lot more of those.
  4. Just seen this on a local selling site...not even a house in the area of the group.
  5. Str 2008. Bought forever home 2012. Redundancy twice during this time with 7k redundancy, pushed us to the edge, parents helped with food parcels for a while it was that tough (had a young preschool age family before redundacies). Bought a failing business (was a huge risk), built up business slowly with a lot of work. Saved and saved and saved to get a 30% deposit. House bought 2012 Bought 450k (in surrey) Worked our arses off to be Mortgage free in 2019. House Now valued 700k+ which is mental. Have done approx 150k of work making it exactly as we want, work wasn't needed but we made the house exactly what we want. Honestly still want a house price crash ( reason I'm still here).
  6. Thoughts.... Will it make BA improve their staff offer or give BA the opportunity to try running on sub contractors and Ditch more staff? BA staff...better to have a job in these times than be out of work? *I don't work for them but know those who do.
  7. I know! They faced redundancy risk a few years back. She was offered 50k Redundancy but didn't take it as worried about getting another job (in their 50s no qualification bar o levels,) anyway I said take redundancy, pay off most of their mortgage and work part time etc. They ve had this mortgage 20 years so I thought this would be realistic. Nope she said there would be only a few thousand left after debts. Mortgage still has 15 years left as kept consolidating debts!!! We could not live like this.
  8. Yep. One works for a bank, redundancies happening and pay cuts for those that survive. Husband BA, told to sign new contract by Dec which has 20% pay cut plus 6 weeks unpaid each year or be made redundant. Already taken 6 month mortgage holiday. Ends wont meet if both get a pay cut. 5 figures in credit card debt i think 40k ish..... frittered on crap. Another a big management consultant. 6 figure salary. Let go in April, nothing since. Kids in private school. Panicking.
  9. Wfh but now back in the office. No pay cut. Work locally and school hours only.
  10. Husband works for a large housebuilding (sorry). All were on a 20% pay cut through lockdown but now lifted and back to normal pay as so busy. We just keep saying it can't last....
  11. This is a friend of a friend. They had been trying to sell their small starter home house for months and finally got a buyer and went sold stc just before lockdown. They hadn't sought out a mortgage offer before as selling was taking so long. They d been told however they could expect to borrow in the region of £180k.... Mortgage offer has come in at £81k. They can't use htb as their deposit is too big. I've suggested str but doubt my advice will be listened too. One is self employed, both average income earners still working throughout lockdown but in industries wobbling from covid19 ( what industry isnt). So once the current mortgage offers expire or used up is this when it starts to get interesting?
  12. So real life situation for relatives with a NW mortgage. Both work in the travel industry, both had pay cut to 80% so they took a 3 month mortgage holiday. They said they could now only just break even without paying mortgage... (neither earns much over average salary, in their 50s, wasted money for years on crap, then remortgage debt etc etc). 3 months on. Now one of them on notice from BA redundancy then possible rehire on zero hours contract and pay cut. The others job is looking iffy. They are waiting to hear from NW their options for another 3 months mortgage holiday. Been told it will affect their credit rating. So really what will happen....let's be realistic if they take the 3 months additional mortgage holiday what happens after that? They ll be potentially in a worse situation and no means to pay.... They have lived there 20 years still have 15 years plus to go. Last remortgage were warned they couldnt extend the term as it's right up to retirement age.... Plus they have huge amount on credit card. I dont know exact but looking at 40k plus I m led to believe. We are the exact opposite and it stresses me to even contemplate living like this.
  13. My department furloughed 4 staff. 2 coming back next week, 3rd is shielding so will be back later in the year. 4th I told they ll be back next week but she doesnt want to.... replied furlough scheme has been extended she ll stay on it for the summer thanks. Childcare issues are her reason she cant come back. Her childs school has reopened for her year group but she doesnt want to send her back. She also has 2 older 16 year old kids who live at home, surely that's childcare for a 4 hour shift. Also offered flexible working for her or weekends to help but no none suitable. I understand not wanting to send her child back but surely that's a childcare issue shes created herself. I'm sure a paid summer holiday instead sounds great. HR are hearing this more and more. Some certain types of employees rather enjoy being paid almost all salary to do nothing. Looking into tge legality of offering unpaid parental leave instead.
  14. Friend works for a big house builder. From June 15% pay cut straight away but also 20% drop in hours worked. He knows it's only time until deep staffing cuts happen. Another friend has been working at 80% pay for the last 2 months. Company holding on by a thread.
  15. We went to see this one a few weeks ago. It's a nice house in terms of space, lots of rooms and would have suited us BUT it's right on the corner of a busy road. They have put double glazing in at the back of the property so once inside you can't hear the road as EA pointed out to me however the minute you open a window the noisy is right inside your house as the road is about 2m from the window. The house has beautiful sash windows at the front of the property BUT every single one of them is going rotten and need renovating or replacing. The house has bathrooms which are large (one ensuite) both need completely gutting. Boiler is ancient and the utility section the boiler is housed in is really cold as more single glazing, old doors etc. We went to the third floor and the bannister came off in our hands. Kitchen is new but it's only a cheap kitchen and shows warping from kettle heat. Garden is small and really uneven so no good for a family. Also you can see Sandy Hill Estate from the house and it's not the best area. They phoned us up to say it'd been reduced and i just laughed. Told them it needs to be below £400k due to level of work, location etc and even then i wouldn't want it. EA didn't disagree. If the house was in the middle of this road it might get away with the price as the road is lovely but it's got the worst plot. Spoke to a friend who it turns out knows the owners are they are (old) teachers at the local school. They've been trying to sell for over 18months but no takers i wonder why?
  16. We've been renting for 3 years and I love the maintenance free aspect however what i don't like is the snooty LA coming round every 12 weeks to check we haven't trashed the place. We've never done anything wrong but they insist on coming round and checking every corner. Maybe i'm being precious but if there is ever a problem I tell them straight away. With 3 young kids it's a nuisance to tidy up and I don't want them thinking it's "normal" for someone to come looking round your house. We've always said we would buy again when we find the right property at the right place. We've seen a few recently and the next one is a house we've been looking at for a while that's just come back on. I work from home which is in breach of our tenancy agreement (but they haven't found out so far) but it's one stress i could do without.. The house won't be decorated unless we do it and i've no intention of decorating a house that isn't mine. It's not in a bad state but needs freshening up.
  17. Prices still continuing to fall and the market has really slowed down in North Farnham. I'm regularly seeing 15-20% drops on decent houses and they are still not selling. One house has dropped from £500k to £400K and someone who knows them has said they still haven't had any offers. The house was bought a few years back for £250k but they put on a massive extension which must have cost well over £100k, let alone doing up the rest of the house. I really don't think they are going to break even. Spoke to a someone i know today who has been on the market for a few months. They bought at the peak for around £260k and have been trying to sell for £250k. No offers at all. Agent now advising them to drop to £230k but they don't want to as it'll "eat into their equity." Erm sorry you're equitys gone regardless if you sell or not but i suppose if they don't sell they can keep believing they have £xxx equity. We were planning on buying next year but seeing what's going on round here we're now quite happy to keep sitting it out in our adequate rental and keep saving. Better to pay rent and keep saving even with stupid interest rates, than lose tens of £000's a year "owning" a pile of bricks. Keep the faith i think more sensible houseprices are coming.
  18. Friend got her house on in North Farnham only had 3 viewings in about a month and of those 2 not even interested in her type of property but it's in their price bracket. Basically the feedback from the EA is there just aren't many buyers out there. However the first viewing they got ended up with an offer of 250k (asking 275k) however the EA told her not to accept as it's worth more and they'll get it for her hhhmmmmmmmm good luck. Seeing lovely price drops of 10% now on houses in the 500k and below market. I want a 400k house for around 300k so i'll think i'll keep waiting thanks BBB
  19. Hi Buzzardo, I'm looking at North farnham only around William Cobbett School site. Prices beginning to fall in places but it's very hit and miss. Where we're renting now the 1960's 3 bed detached are now selling at £250k but at the start of the year they were £300k. A few desperate sellers brought the prices down which was very kind of them. When we first looked at our current road to buy the big 4 bed detached started at £415k in 2008 and sold at £299k mid 2009. Since then each house that has come on has tried to achieve the £300k price and ended up taken off or selling at £250k We're looking more to move into "the avenues" in Lower Hale which are more 1930's age bracket, but these roads are still really bubbly in places again. Thankfully some new ones have come on at "sensible" prices for this point which makes the others look rediculously expensive. There is one 3 bed semi in the avenues for £340k which started at 350k. Now on with about 5 agents. It is all done up but the other 3 bed semis needing work are going on for £265k to £290k. We nearly bought one of these semis in 2008 for £295k. It's all about time and letting it play out. We can't move until summer 2012 as we want to get the boys into the local schools and we're right on the doorstep now so will get them in. From 2012 we'll be in a position to always have sibling preference so it's taken the pressure off and no intentions to buy until then. Stops the Grandparents keep asking when we're going to buy "as prices only ever go up!" "Born" seem to be getting most of the new houses coming on and pricing high. I haven't seen any from Mann in ages and thought they'd gone bust but all of a sudden they are back.
  20. Reason to buy this property "suited seller." what is that all about? Mann have suddently started getting more properties near us in Farnham and lots of unusual first lines including "biggest sale ever" in 2 weekends time. Sounds incredibly desperate to me. http://www.rightmove.co.uk/property-for-sale/property-28216603.html?utm_content=ealertspropertylink&utm_medium=email&utm_source=emailupdates&utm_campaign=emailupdates_sep09&utm_term=buying&sc_id=3481158
  21. A very good friend of mine (used to work with me before i left the Company) is a manager for a well known high street store. She said their sales are absolutely dire and the company is beginning to panic as it did a couple of years ago. She's getting pages and pages of price reductions every day and then a few days later they put them up but on a 3 for 2 offer etc. This store doesn't sell high ticket items but your usual books, paper, music etc. She's told me to hold off any purchases until the very last minute (not that i'm buying anything on the high street) internet all the way or home made gifts.
  22. Just a little anecdotal nothing to do with houses but more about the state of peoples' finances. Our Son's school does this appeal every year whereby the children (really the parents) buy toys, books, sweets and put them in a decorated shoe box along with £2.50 and these are distributed to needy children worldwide. There are 120 children at the school and every year approx 100+ boxes are brought in. This year with only 2 days to go unti the deadline only a total of 47 have been brought in. Many parents were commenting on it and all saying well it's the recession etc etc. Several of the parents i know who did make it up confessed they didn't really buy anything this year but raided old toys the kids didn't play with.
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