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  1. Next general election I suppose... Let's have Scotland and Wales out of the Sterling, Ireland out of the Euro and merge them into a new currency called the Celtic Pound
  2. Olivier

    £ - Euro

    You're screwed, no question...
  3. Let's be honnest, it would be difficult for Britain to bail out any car maker as Britain don't don't have any left (I mean any one that counts...)
  4. Now that you're moving out and there will be no more rent coming in, I'd be surprised if he was able to stick to his repayment plan...
  5. Hi planner, I know it's not S21, but this same question had already been asked in the thread and the answer was there: "The amount of notice required to be given to the tenant will depend on the ground: if the landlord is relying on ground 2, two months' notice must be given." "Ground 2: The property is subject to a mortgage which pre-dates the tenancy and the lendor wishes to exercise its rights over the property, i.e. repossess it. A notice under this ground must be served before the creation of the tenancy." From what you say, I understand that this 2 months is to be understood as a minimum and anyway there is probably chances that we can negociate with the lender as we're good tenants with a good record of on-time payments. 2 months is enough for us to find something else. Cheers
  6. Should have read the pinned topic "sword of Damocles". Answer is 2 months...
  7. I'm about to sign a new 1 year AST for the house we've been in for a year. As I went through the paperwork, I've noticed one page that I have signed a year ago and that they want me to sign again. Except that this time, with the credit crunch bitting, I'm starting to question what it really means. It is basicaly a notice to tenants saying the following: "Notice is hereby given to the tenants that the landlord formerly occupied the property known a xxxxxxxxxx his or her principle home and that possession might be recoverd on Ground 1, part 1, schedule 2 of housing act 1988 as amended. Notice is hereby given to the tenants that the property is subject to a mortgage granted before the begining if this tenancy and that the mortgagee and its successors or assigns will be entitled to vacant possession of the property under ground 2, part 1, schedule 2 in the event of default by the LL in the performance of his duties and obligations under the terms and conditions of the said mortgage." I'm a bit surprised by the "formerly occupied the property as his or her principle home" considering that he never lived there, but that's not my main concern. From what I understand (correct me if I'm wrong, being a foreigner, this legal wording is a bit hard to go through), this means that if he falls into arears, the mortgage company can reposse the house and kick us out. What kind of notice do they usualy give you before you have to vacate the property?
  8. It's not a problem of not liking brits moving in. They're pretty happy to get the cash from them. It's more a problem some of the rural areas being very much affraid to deal with foreigners. They won't harm them, but they equaly won't try to discuss with them, especialy if they can't understand what the other person is saying (and they will make zero effort to try to understand you). Now, apply the same rule to the work environment. Unless you want a very low level job or a job in an internationnal company, you will not be hired unless you speak fluently French (Being able to order "une bière" at the counter doesn't count as fluent ). Employment market in France is tough, even for French people... I'm not trying to discourage you from going to France, I'm just trying to set your expectation at the right level. There is always a luck factor. While I was still living here, I've helped a few English and Scotish people to settle in, who knows you might be lucky and to find someone willing to help you. It's just more likely to happen in a city than in a small picturesque village. Once again, my advice is to stick to renting for a while. Moreover, the French laws are very much protective of the tenant than here, you can't get evicted at short notice as long as you pay your rent...
  9. First, the situation of the housing market in France is the same as in the UK. Same bubble, same mortgage drought and therefore probably same crash as in the UK. Have a look at http://www.bulle-immobiliere.org for more information. Second, buying the house is not the problem in France, it's living there that can be. Especialy if you don't speak enough French to live and get a job. Of course there are a few colonies of brits living there but I would not count on that for the future. It might be a long time before you can get out of the housing market there. My advice: rent a place there as a try. If you feel comfortable and can make a living, consider the "buy" option. Good luck
  10. Will we still have Ambrose Evans-Pritchard writing hopeless anti euro rant in the Telegraph by Christmas? Answer is unfortunately most probably yes... Will the GBP still be a competitive currency and can the UK avoid joining the Euro zone by 2015? I doubt it...
  11. Just found out on rightm*ve that the terraced house in front of us has been put on the market. West Reading, nice and quiet mews estate built in 2006, 3 bedrooms with a decent garden. Sell price in Jan-07 - £272k Ask price in Sep-08 - £268k According to my "rent vs buy" excel worksheet, if they manage to get the asked price, they will be £18k worse than if they had rented (90% mortgage assumption) or £19k worse than if they had rented (100% mortgage assumption). I reckon it might sell around £210k. (in that case, they would be about £80k worse than having rented the same property) I think I'll keep on renting for one more year...
  12. Thanks for the advice. Will try that. I actually don't care about the rates as I will put it on automatic direct debit and will not pay any interest.
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