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House Price Crash Forum


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About BarnetBear

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  1. As mentioned above, it's worth establishing the basis on which your lender calculates interest - annually, monthly or daily. Annually is worst for you (better for the lender), and daily is best for you. I don't know how much things have changed in the mortgage market in recent years, but even 15 years ago, many lenders were still using annual calculations. With this information you can time overpayments to work best for you. For example, if interest is calculated annually, depending on mortgage/savings rates, it *might* be better to hold onto what you would otherwise overpay monthly, and then make one significant overpayment at the right time once a year. Best to check the T&Cs before changing what you currently do, as there might be limits on the frequency/amount of overpayments you can make without penalty.
  2. BarnetBear

    20% Off Your First Home -- Merged Threads

    20% off 'starter homes' for the under 40s. Favourable/higher rate ISA savings products for the over 60s. How can this age based politicking be justified? It should be illegal. I'm not under 40 and I'm not over 60. I wonder what bribes will be targeted at me? Sheer desperation and shameless electioneering from the Tories, I hope enough of the electorate are not that stupid. Although I suspect I would not want to be a 'starter home' even if I could. They are basically acknowledging there is a problem, and then introducing policy to make the problem worse.
  3. Tesco ‘mothball’ £22 million Chatteris store just weeks before it was due to open with prospect of 250 jobs "Tesco’s £22 million 47,000 square feet Chatteris store – due to open in November with the prospect of 250 jobs- is to be mothballed and temporarily boarded up." "Last year private equity group, Osprey Income and Growth 3 LP, said it had completed the “forward funding acquisition” of the superstore at Chatteris. It had been pre-let to Tesco on an unbroken 25-year lease, with rental uplifts index-linked to RPI." I wonder if Tesco are halting any other new store openings? It must be very expensive having a site on that scale not generating any revenue.
  4. BarnetBear

    Where Does London End?

    Another definition not so far mentioned in this thread - 020 telephone code. But that falls down with places like Uxbridge, which is in London. Or at least, it is in the London Borough of Hillingdon. Prior to 1965, I think a London postcode was definitive. But following the London Government Act 1963, postcodes were not changed for the 'new' London areas.
  5. I remember the 90% thing being in place when I sold to rent in 2007. Northern Rock had a 100% deposit guarantee, underwritten by the Treasury, in place from 17-9-07 to 24-5-10. FSCS retail deposit compensation amounts and dates below, taken from FSCS site here. For claims against firms declared in default before 1 October 2007, the maximum level of compensation is £31,700 (100% of the first £2,000 and 90% of the next £33,000). For claims against firms declared in default between 1 October 2007 and 6 October 2008, the maximum level of compensation is £35,000 (100% of the first £35,000). For claims against firms declared in default between 7 October 2008 and 29 June 2009, the maximum level of compensation is £50,000 (100% of the first £50,000). For claims against firms declared in default between 30 June 2009 to 30 December 2010, the deposit compensation limit is the higher of £50,000 or €50,000.* In the event of default, the Euro amount will be calculated by reference to the currency exchange rate on the day of default. From 31 December 2010, the deposit compensation limit is £85,000.
  6. Married last Summer, although husband [Twitter] was nowhere to be seen in the HTB cringefest. Hubby an Associate at Richmonds Property, another Southampton Estate Agent.
  7. BarnetBear

    House Price Rises Must Stop!

    Telegraph http://www.telegraph.co.uk/finance/personalfinance/houseprices/10550353/House-price-rises-must-stop.html Coaltion split on economy as Vince Cable warns that eight per cent increase in a year risks another bubble.
  8. As mentioned, it means nothing other than to that particular bank, and their own internal scoring system. As a result of their internal scoring system and credit policies, they have determined you as 'B', presumably a higher risk than an 'A', and lower than 'C'. The Bank will not reveal exactly how they made their decision, for risk of opening themselves up to fraud. The Bank might have already indicated to you which Credit Reference Agency/Agencies (some use multiple) they used to make their decision, and if they have not, will advise you if you ask them. From there, you can request your file with the relevant CRA.
  9. And a very similar take from The Independent... A selection of cringey pics, subtitled "He's got the Cringe Factor: Cameron poses for Help For Homes". David Cameron: Prime Minister becomes catalogue man in most comically staged photoshoot of his career
  10. BarnetBear

    Radio 4 - The Report

    http://www.bbc.co.uk/programmes/b03bs384 "The government announced this week that it was bringing it's new help to buy scheme forward to start in a few days time. Its a policy designed to help get the housing market moving. But will it really be a lifeline for hardworking families wanting to get on the property ladder or will it drive up prices and cause a housing bubble? Helen Grady finds out who the scheme is likely to benefit and talks to people trying to buy and sell in York and London."
  11. BarnetBear

    Rent Increase Dispute

    Don't pay the increase. It hasn't been agreed. It might be worth checking the contract for details of the increase clause.
  12. BarnetBear

    Is This Tenancy Periodic

    I agree with the above. If a Section 21 notice was previously served on you (albeit served correctly with everything in order), the landlord could be in a position to apply for possession. The 15% increase itself may be challengable if, for example, it exceeded the increase clause likely to be in the original AST agreement. These clauses are usually linked to RPI. You would not have been in the wrong to continue paying the rent amount in the original AST agreement. But that would obviously annoy the Landlord somewhat!
  13. BarnetBear

    Mse 'fix Mortgage Deals Now'

    On seeing the huge drops you posted, I guessed exactly which block you were talking about, as I had noticed similarly huge falls there. I'm not sure what's gone on in that particular block, whether it's issues with the developer/Management Co etc., but those drops unfortunately are only representative of that specific development. Some more from the same block: £245,000 Flat, Leasehold 23 Mar 2012 £307,000 Flat, Leasehold (New Build) 21 Aug 2003 £191,000 Flat, Leasehold 05 Nov 2008 £330,000 Flat, Leasehold (New Build) 23 Dec 2005 £250,000 Flat, Leasehold 18 Sep 2007 £362,000 Flat, Leasehold 31 Mar 2006 £230,000 Flat, Leasehold 14 Jul 2006 £320,000 Flat, Leasehold (New Build) 18 Jun 2004 And one bucking the trend: £350,000 Flat, Leasehold 15 Sep 2006 £285,026 Flat, Leasehold 10 Oct 2003 Something very dodgy going on there! All numbers taken directly from Right Move.

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