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Everything posted by SarahBell
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July Land Registry Data - North West UP 15%
SarahBell replied to Data Dave's topic in England - North West
House prices have continued to rise. Ceiling prices broken massively, and it's insane. Who the hell is buying these houses? More importantly perhaps, who is lending them the money! -
Coronavirus - potential Black Swan?
SarahBell replied to LetsBuild's topic in House prices and the economy
But they do allow you to mouth swear words at people and not be seen doing so. -
https://www.taxinsider.co.uk/1675-Buy_To_Let_Property_Too_Costly_To_Sell.html In this scenario, Philip faces a dilemma. If he sells that one property now, he will be roughly £32,000 out of pocket – although he will save himself £1,600 a year of increased tax cost, indefinitely. But if he can afford to suffer the additional tax cost of finance, and he believes that the property will ultimately claw back the value lost in the last few years, then he could be better off biding his time
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Not on holiday. Alive and well posting elsewhere.
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Btl Scum Regrouping And On The Offensive. -- Merged
SarahBell replied to overlander's topic in House prices and the economy
What it will ultimately create is more pensions to be funded. Employing council staff to manage private rentals isn't a sensible idea. (Manage they will, to fill plenty of officer hours) What councils need is more environmental enforcement officers trained to deal with substandard housing. And to enforce action against bad landlords. The initial scheme in Manchester's Moston and Lightbowne folded. FOI would reveal the scale of damage to council tax payers and the huge waste of time it was. If you want landlords to improve properties, then ensure there ar systems to force them - and there currently are - but by EH not a new branch of the council. And if you want neighbour nuisance dealt with then you need to actually learn how to change people. Councils just evict bad tenants. Do they expect more from private landlords? -
Who is buying houses to rent?
SarahBell replied to SarahBell's topic in House prices and the economy
So how much tax would you pay on that? -
Based on the information entered this Buy to Let property appears to be self-financing. The maximum we could lend on a self-financing basis is £82,500 This amount is subject to a satisfactory valuation. View our Buy to Let eligibility criteria for information on minimum income, secured credit commitments, maximum number of Buy to Let properties and our valuation policy. We may require supporting evidence to help us assess the plausibility of the monthly running costs. You can save a copy of these results for your records and to help you submit the application on Introducer Internet. Summary Date 18 March 2017 Property value £110,000 Mortgage required £60,000 Repayment method Repayment Term 25 years Gross monthly rent £550 Please input the following figures on Introducer Internet AIP > Loan Required > Loan Details Loan details Mortgage required £60,000 Purchase price/valuation £110,000 Annual rental income in respect to this property £6,600 FMA > Loan required > BTL details BTL property self-financing assessment Gross monthly rent £550 Monthly mortgage payment £369 Monthly agent's fees (if applicable) £0 Monthly allowance for rental voids £0 Monthly property maintenance (see help text) £10 Other monthly costs (see help text) £0 Other monthly commitments to be paid from rent £0 Surplus /(deficit) £171 Any additional information For all applications we will assess the plausibility of these costs. Please provide as much information as possible here to explain the amounts entered as this will help us underwrite your case quicker.
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Based on the information entered this Buy to Let property appears to be self-financing. The maximum we could lend on a self-financing basis is £82,500 This amount is subject to a satisfactory valuation. View our Buy to Let eligibility criteria for information on minimum income, secured credit commitments, maximum number of Buy to Let properties and our valuation policy. We may require supporting evidence to help us assess the plausibility of the monthly running costs. You can save a copy of these results for your records and to help you submit the application on Introducer Internet. Summary Date 18 March 2017 Property value £110,000 Mortgage required £60,000 Repayment method Repayment Term 25 years Gross monthly rent £550 Please input the following figures on Introducer Internet AIP > Loan Required > Loan Details Loan details Mortgage required £60,000 Purchase price/valuation £110,000 Annual rental income in respect to this property £6,600 FMA > Loan required > BTL details BTL property self-financing assessment Gross monthly rent £550 Monthly mortgage payment £369 Monthly agent's fees (if applicable) £0 Monthly allowance for rental voids £0 Monthly property maintenance (see help text) £10 Other monthly costs (see help text) £0 Other monthly commitments to be paid from rent £0 Surplus /(deficit) £171 Any additional information For all applications we will assess the plausibility of these costs. Please provide as much information as possible here to explain the amounts entered as this will help us underwrite your case quicker.
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Backlash forces UK to drop Self-Employed Tax Plan
SarahBell replied to Fairyland's topic in House prices and the economy
This is the only logical conclusion. -
How can a zero hours contract be valid in english law?
SarahBell replied to wonderpup's topic in House prices and the economy
But in theory this is what UC is for. To instantly fill in the lulls in ZHC. -
Backlash forces UK to drop Self-Employed Tax Plan
SarahBell replied to Fairyland's topic in House prices and the economy
No But now someone might ask why the self-employed get such a good pension without paying for it. -
My flat has been bought by a fund
SarahBell replied to ChumpusRex's topic in House prices and the economy
harrass them to get the place well maintained. Env health is your friend. -
Budget 2017 - No spending sprees
SarahBell replied to rollover's topic in House prices and the economy
Something on news this morning about cutting the number of subjects at A level (and GSCE?) includes Design technology and German. -
Budget 2017 - No spending sprees
SarahBell replied to rollover's topic in House prices and the economy
Corbyn didn't mention that more council houses have been built under a conservative govt in recent times than labour. Corbyn doesn't tackle the issue of high house prices and high rents either. -
Budget 2017 - No spending sprees
SarahBell replied to rollover's topic in House prices and the economy
"they don't call it the last labour governement for nothing" lol. @budget speech That was the best bit. -
Will you get your state pension? Age 70 by 2060!
SarahBell replied to Money Frugality's topic in House prices and the economy
What's a funded scheme? -
The UK housing market comprises 28.1 million residential properties in 20141. Linked to income, wealth and availability of lending, the housing market is sensitive to the overall economic climate. http://visual.ons.gov.uk/uk-perspectives-2016-housing-and-home-ownership-in-the-uk/ so 25/28 need insulating more?
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They have sort of. You can't let a property with an EPC less than E https://www.rla.org.uk/landlord/guides/minimum-energy-efficiency-standards.shtml As from the 1st April 2018 there will be a requirement for any properties rented out in the private rented sector to normally have a minimum energy performance rating of E on an Energy Performance Certificate (EPC). The regulations will come into force for new lets and renewals of tenancies with effect from 1st April 2018 and for all existing tenancies on 1st April 2020. It will be unlawful to rent a property which breaches the requirement for a minimum E rating, unless there is an applicable exemption. A civil penalty of up to £4,000 will be imposed for breaches. This guidance summarises the regulations. There are separate regulations effective from 1st April 2016 under which a tenant can apply for consent to carry out energy efficiency improvements in privately rented properties.
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https://skwawkbox.org/2017/02/26/exclusive-electoral-expert-copeland-by-election-unlawful-count-suspect/ The key matter in the preliminary instance is the count of issued, rejected and cast votes, as the rules say that rejected and valid votes must add up to the number of issued votes (minus, in the case of postal votes, any postal votes sent out but not returned. According to Applied IF, figures for all of these must be published.
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http://www.propertyindustryeye.com/asking-price-growth-hits-eight-year-low-rightmove/ “Over-pricing loses you that vital initial interest and impetus, and buyers often have reservations about a property that has not sold as quickly as others or has had a price reduction.”