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Mayalabeille

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About Mayalabeille

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  1. But parent at home means only 1 salary which in a lot of case means closer to £25000 than to £40000. I agree this is a choice but even in stopping all "luxuries" most families would have to avoid childcare costs to fit all the essential in 1 salary and very few will therefore reach £40000 household income.
  2. Mortgage £850 Council Tax £150 Gas/Electric £90 Phone/Broadband £30 Cars(2) Keeping on road (servicing+tax) £80 Insurances £200 Water £40 Fuel £160 Food+consumables £700 Minimal cash savings (to replace big ticket items) £200 well I am guessing that this illustration is for when 1 parent is earning the £40000 and the other one can look after the children. If not (and the majority of people don't earn close to that amount) you can add Childcare... depending on how many hours and where between £500 and £1000 a month I guess - sorry don't know exactly the cost of childcare
  3. I am French and I live in the UK, I came here a few years ago after University to start working in a different culture. I love England (or more especially the English) and I am so glad I have made that choice. I have now been here for 7 years, I bought a house in 2011 - yes I knew the site before then but went for it anyway and I am getting married soon. As much as I love England I have recently seriously discussed with my future husband about moving back to France and this plan of moving might have been a 10 years plan a couple of years ago, is now more looking like a 2 years plan. Thing
  4. What a ridiculous article... 10 year old save part of the £5 week, yes perhaps but that's because their want to buy the lastest PS3 game not because they are putting money towards the future cost of University or buying a house. Did the journalist who wrote that thinks people are going to buy this story?
  5. I doubt that the banks will scrap the fixed contract that they have with people or they will have some legal problems. Yes of course people won't be able to remortgage but as explained a lot of people don't care, they managed to get a long low rate fixed IO mortgage and will dispose of the property (ie sell it) when the fixed rate expires. I know that you are mainly talking about the younger generation that bought IO over the last 5 or 6 years and on top of having no vehicle to repay the mortgage might end up in negative equity however there is also a very different population on interest onl
  6. The thing is not everybody care if they have a repayment facility in place. Example of an in-law family member: He has now reached retirement age. Still working a few hours a week however so it pays for his interest only mortgage and keep busy. Bought maisonette in 2004 in a bad state for £75000 and worked on it over the last few years (nothing really major actually). Now worth about £100-110 (following the sold price data in the area). Interest only mortgage mortgage fixed for another 7 years, monthly payment £250/month Has some money in the bank but not enough to repay the mortgage, wi
  7. £250 each for the car + 2 travel cards? I thought these people where living in London. If that’s the case the 2 travel cards are enough to get around - saving £500/month £100 for telly + landline + broadband - wether you live in London or elsewhere the deal are the same. Talk Talk about £30 month all in - if they really want Sky HD well them £45 / month – saved them another £55 minimum £100 for mobile: don’t need to upgrade your mobile every time they offer you to and to lock again into another contract. Currently negotiated a rolling contract: 500min + 500mg download + unlimited text for
  8. I don't see any problem for holiday property owners flying from Cardiff to Spain. Bmibaby only out of Cardiff for these flight because the routes to Spain are now operated by a cheaper low cost: Vueling. Flight are even cheaper than with Bmi
  9. As it did for you the first quote really surprised me. So it goes me thinking: A study in the US reported that the people move/sell every 5 to 7 years so really among the ones that sold in 2012, a really large majority of people had bought their house post 2005. Therefore 22% selling with a loss in 2012 is not that much as most of them must have bought between 2005 and 2008, therefore no surprise there and thinking like this one would have thought that more of these people would have sold at a loss. However I am basing this one the US average, I don't know if it is the same in the UK.
  10. Not disagreeing with you there, I was just making a point regarding the "you cannot find anything apart for a 2 bedroom council flat" for under £150k Sorry I guess I was off topic then
  11. Agreed however my point is that there are lots of 3 or 4 bedroom houses for less than £150000, might not be a pretty stone cottage, might not have the acre of garden they would wish, but there are some. Regarding saving a deposit yet it is hard and yes if the price of houses where lower that would be easier and better for the country. However they are not at the moment and therefore if people want to buy a house they have to make decision in term of what they can afford and work hard to save a deposit. This is all good and well to wish for lower prices however despite everything that happene
  12. Not going to find much for under £150k???? This is a first time buy, you get a lot for £150K (leaving London out of the equation). This is the problem with a lot of FTB: talking to my friends they cannot save for the 10% deposit that they need to buy their first home and when asked how much , they say have problem to save £25K-£30K. Well why as a first time buyer would you expect to buy your first house for £250000 - £300000 This is all about compromise. I leave in a very expensive part of the country (close to Bath) and yes if you look in Bath that is what you are expected to pay for a ho
  13. I hear what you are saying and of course I am all against misleading people. However people needs to check for themselves don't they? Are people so assisted that they rely on everybody to make choices for them? From what I remember you have several accounts with different level of cover and you can chose the one that match best you needs.
  14. I don't see why these would be at the basis of a new scandal? Don't people read or ask before signing paper. I have a joint account with these benefits, I pay one fee and my partner and I have AA, mobile phone insurance, keys insurance and world travel cover. Last year I had to claim on my mobile insurance as it got stolen, it was easy and quick, got a new phone in 2 days. Last week I broke down (car battery issue) called them, got picked up by AA representative and car was sorted. Would have cost me far more to have separate covers for these things and therefore I am happy with the pric
  15. So here is what's going to happen since the government take half thought decision: hmmmmm... should she work full time with her 50K€ and lose the benefit or... should she just work part time organizing finishing Friday lunch time every week for a proportional salary of 44999€ and keep her benefit. Effectively she is only 1586€ net worse off if she cut her hours and enjoy every Friday afternoons off. Other solution 2 more weeks holiday and just take it out of my salary Mr Boss. As long as this government take decisions without thinking them through but just to make a bit of noise so peo
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