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Everything posted by tim123

  1. I always find that if the DW hasn't actually removed a stain it has softened it enough to be wipped off with a wet/soapy rag - YMMV tim
  2. This looks like an EA desperation option to me. I don't see what's in it for the seller, so why would there be any using it? tim
  3. There's a huge mark-up on brand-name cleaning goods. I've stopped buying them in favour of the no-name stuff in Aldi (or occasionally brands from the pound shop). You can buy things in Aldi which do the job just as well which are a quarter of the price tim
  4. I wish Swindon was on my radar as a prospective place to live. However it isn't tim
  5. Yep, No 1 on my list of requirements is "lock up and leave" on a weekly basis, that looks anonymous when empty. You try that with a house, even one without a garden. (Which is number 2 on my list - no responsibility for a garden, even when I am living there). tim
  6. I've looked at two in the past few months, both requiring a full makeover to make them habitable. Repo (1) AP 99K, currently SSTC at 91K. Identical (good condition) flat next door, AP OO 110K (I'm told that after several months they eventually have an acceptable offer which I shall be surprised if it's over 105). These flats are "un-lettable" so the BTL brigade can't buy them. Repo (2) AP 95K, currently SSTC at 85K. Similar, but larger flats on the same estate AP 100-120K but none of them moving at that price. There are also several available to let at various prices from 575 to 625, this being a fast turnover estate. This particular flat was amongst the smallest 2 bed that I have ever seen in my life. It will be a tough deal to let it. In both cases I think the AP was fair for a good condition property, but they aren't. I suspect that they price as a "try on" in case anybody "fell in love" and is prepared to do the work for nothing, but they aren't the sort of property where that is likely and there certainly isn't any "wow" factor when you walk through the door. I turned them both down as they were too small. I might have just done a deal at 90 for the first, but the second one is so small I would have only considered it if I took the dividing wall down between the bedrooms and made it a "good size" 1-bed, but then the value would have been, at best, 75K. tim
  7. I thought that there was no money available for leveraged buyouts at the moment. The Banks are holding too many worthless loans (or shares) in buyouts that went wrong, and aren't the slightest bit interested in adding to that portfolio (whoever the victim is) tim
  8. agreed all this article proves to me is that valuers over value properties even when they have no vested intererst in obtaining the comission for sale tim
  9. So the best step is to keep the house. Everyone knows that this little downturn is just a temporary blip tim
  10. But you are missing the difference that: In the UK people will consider that 1 hour trip as a reasonable (in fact short) daily commute In France, they won't tim
  11. Not really. The "new" IKEA stuff does not magically tun up at your new abode the day that youy want it (like the stuff from store can). You have to order it, wait for delivery and then put it all together. This doesn't sound like a difficult task when you are adding one item at a time, but it's shed load of work when a whole housefull of kit furniture turns up at the same time. tim
  12. No it doesn't. If a person can afford the lifestyle that they currently have, for the rest of their likely lifespan, they have no economic incentive to liquidate any assets that they may have, regardless of any third party’s long term estimate of that asset value changing. After all, shares can go up as well as down. tim
  13. tim123


    You might think that, but there *are* a lot of "other people in the community" who think otherwise tim
  14. I would be most interested in knowing where these 175K flats are available for 125K, cos round my way they're up for 200K tim
  15. Yep! any cherry picking or mistake will be with the LR, RM/Zoopla will just be showing everything that is reported tim
  16. But not beyond local "market" rents, only until they reach them. (As in that's what the national policy is, whether it is being implemented like that locally is another matter) tim
  17. Anybody who thinks that there's a market in "build to rent" just doesn't understand how business works. No commercial organisation is going to get involved in long term rental properties at 5% yield before operating costs. It just doesn't make sense to invest at that point on the risk/profit profile. tim
  18. So, house that I found in my rightmove trawl has following information - I wont post the ID as I don't want to encourage anyone :-) Entry codes Parking area - 654321E Access door to right of apartment door - press "Codelock 1963" Alarm - not set 3112 External cupboard with WARNING notice on it for electric meter: 1863
  19. Of course newspapers used to be full of LLs advertising their properties directly. Now with the demise of classified ads for property it’s all internet sites and they only allow agencies to post. And the real problem here is the agencies complete unwillingness to be flexible about the terms of the lease. You used to be able to negotiate direct with the LL for whatever period suited you. Now it’s a fixed term 6 or 12 months, take it or leave it, even for a room in a shared house tim
  20. I still think that this is an over reaction. I really don't think that the people who see the problem cases have ever lived in and certainly never been involved in the management of a shared block. IME for every block that is receiving (claimed) unjustified charges from their MA there is another properly run block with an urgent need to do some (majority) resident agreed repairs who can't do so because one tenant is refusing to pay the bill for his share of the work. If you're going to try to fix the first you can't do so in a way that gives Mister "I don't see why I should have to pay for the roof to be fixed because I'm on the ground floor" a right of veto over the needs of the tenants who flats are being flooded. If Mister Ground Floor didn't want to have to pay for roof repairs, he shouldn't have bought a flat! As to some specific points: "Leaseholders wishing to change their managing agent or challenge a service charge must approach a Leasehold Valuation Tribunal (LVT)" As to the first this is factually incorrect. All that you have to do is organise (and win) a vote for an RTM. an LVT hearing will come nowhere in the process. As to the second, if the LVT process is too long winded then simplify it, this doesn't need primary legislation. "2.5m such properties and spend around £2.5bn a year on service charges". So that's a thousand pound per flat. Have you/they ever lived in a block with a properly run (and fair) management committee? By the time you have paid for: communal cleaning/lighting/heating/gardening, property insurance and general maintenance, plus the cost of paying someone a reasonable hourly rate to make all the arrangements and paying for end of year accounts, it is rare to find a block run for under 700 pounds per flat, and if the block has a lift, 1200 is a starting point. A 1000 pound average seems about right. What’s the problem? "threat of forfeiture of properties for failure to pay charges” is removed and replaced with a small claims court". Yeah, and what about the rights of Mister "I'm not going to pay"'s co-tenants? If they don't have the rights of forfeiture for non-payers and this is a debt that can be avoided by going bankrupt who will pick up the bill? The commercial MA and their shareholders? - No chance it will simply have to come out of the pockets of all of the residents who do pay, in the form of higher maintenance bills to them. Once again you can’t fix this (apparent) unfairness to one tenant without harming others, in this case innocent others. "They further want freeholders to no longer be able to charge for permission for developments to leasehold properties" Most leaseholders don't do this. But they do make charges to cover the costs of checking that the work is done to standard that does not materially affect their (or other tenant's) interest in the property. Which all seems fair and reasonable to me and is not something that should be legislated away. This is not a simple problem of rogue MAs that can be fixed by taking away MA's rights, the current rules protect the rights of co-tenants and this needs to be considered as well tim
  21. Yeah. I rent a similar property (where I have to pay for my own heating and hot water). I reckon that costs me 600 pound per annum tim
  22. This is the worst that I know of: http://www.rightmove.co.uk/property-for-sale/property-34364254.html 3700pa in an area where a 2 bed flat rents for about 550. There aren't any available ATM but here's a 1 bed at 550 (which I think is optimistic) http://www.rightmove.co.uk/property-to-rent/property-23797476.html. (and they're sold with share of freehold, so there's no rip off company making it expensive, it's all down to the owner-managers)
  23. Online agents, such as the one you have been given will put the property on rightmove (and other web sites), and apart from fielding phone calls, that is all that they will do you you. Whether you will sell a property this way will depend upon it being priced correctly for its market. tim
  24. I think the idea that Finland leaving the Euro would leave it liable to a "take over" by Russia complete nonsense tim
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