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Confusion of VIs

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Everything posted by Confusion of VIs

  1. Very poor drafting of the explanation though. You could interpret this in at least four different ways From year 6: pay the £1 monthly management fee pay monthly interest fee of 1.75% of the equity loan interest rate will rise each year in April by the Consumer Price Index (CPI), plus 2% continue to pay interest until you repay your loan in full
  2. Have a look at the front page of the Telegraph, several articles all saying he is toast. Boris Johnson’s hollow confidence vote victory tears the Tories apart. Prime Minister’s authority crushed as he vows to battle on – but with rebels circling to finish him off Times has decided, he is a dead man walking Daily Mail, Boris clinging on risks a civil war within the party Even the Express questions whether he can survive. Perfect outcome for Labour.
  3. Not the majority that sheeple seems to think he gained though was it?
  4. Have a look at the vote share, his victory was a result of a split opposition vote not any great popular support.
  5. William Hague thinks he is finished and needs to quickly arrange an "honourable" exit.
  6. Especially when you have given a job as a reward for your sycophancy rather than competence.
  7. He got elected despite only having minority support because of our voting system.
  8. More like a fair bit of risk and a huge amount of time. Finding builders who can competently work with modern building methods is a struggle. The ones who have proved their competence can be booked up a couple of years in advance.
  9. FOM Implemented (as many states already do) with the proviso that you are able to support yourself and you family without recourse to benefits is effectively the same as our new points based immigration system.
  10. Working there cannot be that bad, in the US Space X and Tesla hold the top two spots for the companies graduates want to work for.
  11. Heating is around one third of what it was, we don't achieve quite the forecast savings but the house is bigger now and heating is on 24hrs, before we heated the rooms we were in and turned it off overnight. Electricity cost is now minimal, a combination of the solar panels and replacing very old appliances with new ones that use a small fraction of the electricity (those dastardly EU requirements).
  12. the house is around 100yrs old and in its extended form about 450sqm. I doubt prices are any different in Croydon to anywhere else. Although my costs were pre pandemic, its more a case of doing things differently and careful planning than just adding on extras. e.g. using a passive slab foundation for the extensions cut out the ground/floor cold bridge (the biggest) and was actually a few quid cheaper than a standard foundation. planning the hot water system to minimise run lengths is another money saver as is the reduced heating requirement. Our boiler is the size you would normally use on a one bedroom flat and we have minimal heating upstairs (with hindsight we could have reduced this even further to just heated towel rails). We sourced our sliding glass/doors/windows from Europe at roughly the same cost as quality UK items but with better U values. The insulation cost about £10,000 more than just meeting building regs, but has a far higher performance as it's 120mm rather than 50mm thick and extends underground to reduce the ground/floor cold bridge and meets the roof insulation to eliminate the roof/wall cold bridge. The roof was being replaced anyway and using a Passive house spec (but with 200 rather than the recommended 300mm of insulation) cost £8,000 over the building regs requirement. I purchased the solar panels etc myself and paid a local roofer and electrician to fit them which kept costs down and gave me more control over their fitting. The MVHR would have been the single biggest cost with quotes coming in at +£12,000 instead of the £2,500 it cost to DIY.
  13. I decided to wait until we had gone through the EPC assessment and got the certificate before passing on what we learnt during the process. The Cert arrived over the weekend and confirmed the assessors score of 93 which translates into an A rating. As our house had a E rating before the refurb in practical terms this should reduce our energy bills by over 75%, or based on October's expected 40% rise prices from £7,500 (based on our old consumption) to about £1,600pa. The additional cost, over a basic refurb of going down the low energy route was £40-50k, so in pure financial terms a good investment that will pay for itself inside 8yrs; although when we started the numbers didn't look so good, as back then our energy costs were only around £2,400pa. According to the assessor we are now one of around 100 houses in the Croydon area with an A rating, of which less than 10 were refurbs. The hardest part of getting a high score is knowing how the score is calculated and making sure you have the evidence required to show how you met the requirements. The old days of getting a set number of points for each upgrade are now long gone as behind the apparently simple scoring system there is some very complex software that takes account of the real life results of changes where the benefits achieved are usually nowhere near the theoretical maximum quoted in the sales brochure. The software takes account of things like: Shoddy installation of insulation, pretty much the norm Cold bridging which reduces the effectiveness of almost everything unless it is specifically designed out. Double glazing incorrectly installed, e.g. did you set the frame into the wall insulation to reduce cold bridging, did you take account of the window orientation when selecting on which pane the IR reflector is installed. Condensing boiler, most people don't increase the size of their radiators when fitting one, losing much of their benefit Solar panels, you only get credit for the power you actually use (assumed to be 35%) not any exported Losses from water/heating pipe runs, If you have the standard cheap EPC assessment you get the RdSAP (Reduced data Standard Assessment Procedure). this uses all of the defaults and make it pretty much impossible to get anything above a C rating and even a C is hard to achieve. To get an A rating we had to ensure all the plans were consistent with this and ensure the builders to ensure that everything was installed as specified. We then had to document the main areas of interest and pay £350 for a full assessment, so that we could provide the assessor with the evidence needed to override the default assumptions. The items that lifted us from a B rating to A were having a hear recovery ventilation system, the quotes for this were unaffordable so I ended up doing a DiY installation for less than a fifth the price of the best quote the wall of glass onto the garden was South facing and shaded from the Summer sun by a balcony above. this let us arrange the IR reflector to let in heat from the low winter sun fully offsetting the usual negative score. fitted a thermal store water system to reduce distribution losses set up the solar panels to dump excess power into hot water tank rather than export it, this increased our assumed home use from 35% to 75% As to whether it was worth it, even without the recent price rises it would have paid for itself in around 20yrs, now it will pay for itself within 8yrs and has increased the value of the house by more than it cost. A couple of things we didn't go for because I think it is still too early were: Heat Pump, at the time we did the refurb a heat pump would have reduced our score as they weren't efficient enough to offset the cost differential between electricity and gas. Since then they have improved to the point where they are now slightly cheaper (lifetime view, taking into account their higher installation cost) than gas but, as they are still improving rapidly, I will hold off for a few more years before making the switch. Battery Storage, like heat pumps these are still rapidly improving and reducing in costs so will reconsider in a couple of years, as far as getting the score up dumping the excess power into the hot water tank achieved the same effect and was a far cheaper option. It cost £60 to install an immersion heater (bottom position) on the hot water tank and connect it to a smart plug that switches it when there is spare power. For anyone interested in the detail this is the latest version of the standard assessment procedure SAP 10.2 - 21-04-2022.pdf (bregroup.com)
  14. I presume you missed that Russia had been claiming technical problems were limiting gas transfers for a year before the invasion. This had the effect of reducing storage and raising prices. Nobody is going cold turkey, but change will happen much more quickly than you think. Look up s curve adoption of new technologies. We should have been putting up solar panels/windmills and improving insulation for years now but another of Cameron's brain dead ideas was "to cut the green crap". Now is too late if we are worrying about next winter so short term measures are required. As to the best way forward, the governments draft strategy proposed a major expansion of on shore wind and solar as the quickest and cheapest way of increasing our energy production. Unfortunately this did not sit well with the ancient nimbys in the party membership, so was deleted in favour of much slower to build offshore production and the plain moronic idea that we will build lots of new Nuclear stations. 😁😁 I have done mine thanks, over to you.
  15. The BoE's fear of mentioning the Brexit sized elephant in the room is thrashing its reputation as people see that it has lost its independence. Carney says Brexit hit pound looks like emerging market currency British Pound Risks Crisis Usually Seen in Emerging Markets, BofA Warns ‘Politicization of policy’ undermining pound as BOE flounders. Pound is third-worst performing major currency this year Brexit has permanently altered investors’ views on sterling, warns strategist
  16. You are just parroting the false arguments fed to you by fossil fuel's paid lobbyists. Solar is already the cheapest power source for most of the world and will continue to get both cheaper and more efficient. It is now reaching the point where new solar can produce power at less cost than just the running cost of existing fossil fuel plants. There is plenty of material available for both motor and grid scale batteries. A couple of years ago the fossil fuel shills were saying Cobalt was going to be the problem, now its Nickel, ignoring the fact that Tesla and other forward looking firms are already moving to Cobalt and Nickel free LFP batteries. Lithium will be replaced by Sodium by the end of the decade and in the meantime it is plentiful enough just requiring investment in refining it. Your graph is meaningless as adoption is at the start of an s curve, it's about as relevant as a 1905 graph of horse drawn v motorised transport in the US. Oil will still be needed as a chemical/industrial feedstock but currently that's only about 30% of use and hopefully the amount used for pesticides/fertilizers will reduce as better soil management practices are adopted. Does that pretty obvious response to an immediate problem makes you happy? I have no problem with it especially as Putin's price hike has prompted the EU to greatly increase spending on renewables and demand reduction. Overall a small price to pay for cutting reliance on a madman.
  17. You clearly missed the two facts that make your historical point irrelevant. Maybe you should first educate yourself before worrying about others.
  18. All irrelevant when most of the world is committed to reaching net zero and solar is becoming the cheapest energy source in history.
  19. Back in March the market said 177 but there is no market any more. The only people exchanging Roubles now are Russian banks, at whatever price they are told to.
  20. It's a pretty big loss. Prior to Brexit Tesla/Musk had said several times that the UK was its preferred location for the European giga factory, battery factory, R&D centre and HQ. Within 3yrs this single factory will be producing more cars than the entire UK industry (producing well over 1m high value cars per year) and would have given the UK industry the scale it needed to retain a full automotive supply chain. Instead it went to Germany, surely, and by far, the biggest Brexit dividend anyone has received.
  21. The Rouble isn't pegged to anything. The explanation is quite simple As no one else is trading in it, the price is set by the Russian banks at whatever level Putin wants. Just like back in the good old days of the Soviet Union.
  22. No one is going to make the huge investment in the UK needed to develop an EV supply chain until we have finally and permanently resolved our relationship with the EU. Currently the risk of a relationship breakdown leading to the loss of our non-tariff deal is far too high. In truth we probably lost our future a a major car making company when Tesla decided to locate its European Gig factory, R&D centre and HQ in Germany rather than the UK.
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