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House Price Crash Forum


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Everything posted by BarnetBear

  1. It's worth keeping a close watch on your credit files for a few months. In addition to your Experian details, I'd recommended registering with the other free services that use TransUnion data (Credit Karma) and Equifax data (ClearScore). Possibly if Starling have suspected you of fraud, they may have placed a CIFAS marker against you. A CIFAS marker wouldn't impact your credit score, but if your application is processed and CIFAS flags found, it's likely there would be additional delay whilst your application is manually reviewed. CIFAS markers are not always bad, they may also indicate if you've been the victim of a fraud.
  2. Clearscore use Equifax Data. Experian were going to acquire Clearscore, but felt they'd struggle to get CMA regulatory clearance within acceptable terms so didn't pursue the transaction. Not all lenders submit their data to all Credit Reference Agencies, so the data across the three can vary a little. I've had a similar disconnect between my Experian and Clearscore scores. It just means the models Clearscore use have different characteristics and weightings. 510/700 is still a strong score and shouldn't impact your credit worthiness.
  3. Comer Homes, I think. They've been mentioned on threads here before with various maintenance issues.
  4. Probably unmortgageable - I doubt a mainstream mortgage lender would lend on a property with only 53 years remaining on the lease, it would likely to be against their lending policies.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. 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
  14. 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."
  15. Don't pay the increase. It hasn't been agreed. It might be worth checking the contract for details of the increase clause.
  16. 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!
  17. 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.
  18. http://www.bbc.co.uk/news/magazine-22152622 No real new information, but interesting all the same and worthy of media exposure. Some snippets below...
  19. Radio 2, Jeremy Vine, 21-3-13 Just listening to it now. Piece starts at 8 minutes in; link should take you straight to the piece and is available until 2PM 28-3-13. JD @ 12m28s.
  20. Personally, I wouldn't cash the cheque just yet. It sounds to me like the process hasn't been 100% correctly followed by the agent. I'm with the TPS scheme currently, having previously got back my full deposit (and interest!) via DPS. From my TPS T&Cs: It sounds like you haven't been involved in any discussion, let alone agreement so far. However, the 20 working days to raise a dispute might nearly be up - but the 20 days might be irrelevant if they have not followed correct procedures.
  21. Didn't see the News at 10. http://www.itv.com/news/2013-02-26/thousands-of-families-hit-hard-by-the-housing-crash/ http://www.itv.com/news/story/2013-02-26/families-pay-3bn-cost-of-housing-crash
  23. Virgin Mobile uses the T-Mobile network. It's possible that your Mum's SMS settings are incorrect. Does your Mum receive other texts? Another thing you could try is sending her a text with a read receipt, but these are not always foolproof and some handsets/networks can make it difficult to do.
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