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kara gee

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Everything posted by kara gee

  1. You're right on there. I've recently bought a house. The EA's needed to see proof of funds. Basically screen prints of online accounts were more than fine. Didn't need mortgage, but I know they would also need proof of mortgage offer. If I was selling, there's no way I'd accept an offer until I knew the agent had proof of funds. You don;t need to see 'their' mortgage advisor if you have written proof of mortgage offer.
  2. Who will buy the flood of houses if there is mass unemployment and tax and IR rises? Doubt it's going to be your average/low paid worker. The rich feckers will buy them all up. Bye bye BTL? I'm not sure, If more people have to rent because of the mass unemployment rents will be higher (and will accomadate IR increases). Just a thought.
  3. This will affect an almost insignificant amount of houses in this country (London being the exception of course). For your average joe who just wants a house to live in and raise a family, the GBP/USD is of no relevance.
  4. Irreprable in my opinion. The hardest thing to change will be the nations sentiment towards high house prices. In a way I get it, as it's more tangible than a pensions statement. But comfort in our old age is to the detriment of our own children for god's sake. I have no faith that house prices will fall to sustainable levels so even I consider doing a BTL so at least my kids will have somewhere affordable to live when they're adults as I don;t want them living with me forever. They're only babies now, so by the time they reach adulthood the world will be a very different place.
  5. The thing is, a lot of people are incredibly positive and optimistic even during the direst of times. A human coping strategy perhaps? I have a friend with a recruitment business whos enormous positivity saw her the best financial 2 years in 2008-09. Quite unheard of in that sector. I am still positively dumbfounded though at folks glee at the prospect of house price rises. The short-sightedness is unbelievable. I think I am the only house owner I know who is pretty vociferous about the necessity of house price falls (but only if measures are put into place to massively tax 2nd and subsequent home owners/BTL).
  6. This was really what I wanted too, but an acre of garden near where I live you could add on another few hundred thousand. Now have an average sized garden but looking at other land alternatives, like a land co-operatives and garden sharing. Actually a really good way of getting involved in the local community.
  7. You definately don't sound silly at all. Most people on here will feel pretty similar to you. It's boring waiting for something to happen. I was convinced of an epic crash so was pretty peed off when that never happened. I was hoping to bag a beautiful country house in cash. As it happens, I have recently bought, but only because the benefits of buying for cash outweighs our renting. And guess what? It's not a big beautiful sprawling mansion. It's an unremarkable semi with a super garden backing into woods and fields. I have absolutely no doubt that house prices will continue on a steady decline for many years and I would be honest in saying that in 10 years time I don;t expect the house I've bought to be worth more than what we've paid for it, it wouldn't suprise me if it was considerably less. My motivation for buying though comes in the form of young kids, wanting a nice garden and being sick of living in draughty rented houses. Hovever, if I didn't have a family and or I needed a big mortgage to buy or had a career which meant moving every few years, I definately would NOT be buying now. We all know the recent pick-up has an unsustainable future. What's your situation at the moment Masked Tulip?
  8. I mis-read it. £60 pw is for social housing not private rented. Still trying to find a figure for that.
  9. I'm a private tennant (not HB) and it really irks to be paying someones mortgage. There is no security under a private LL. I've had to move twice (with 2 children) in the last 2 years because the LL wanted to sell. Current LL has assured me he won't be selling for at least 3 years as he is tied to a fixed mortgage ......(which I'm paying).grrrrrrrrrrrrr.......... If social housing was decent and plentiful (and not just in sh1t holes) I would much prefer to pay a rent to the council rather than a private LL..
  10. I hear you. Horrible situation. If I moved to oz, would I be able to get housing benefit by any chance? Not a dig, just curious.
  11. An average is an average. I'm not going to start listing rents town by town.
  12. http://www.homemove.co.uk/news/19-12-2009/average-rent-down-3-on-the-year.html Average UK rent £820 pcm.
  13. Wrong! My anger is at the incompetent system that prefers to line the pockets of the wealthy (landlords in this case) rather than investing in building new social housing for those that need it the most. Good solid housing (low utility bills/ long life etc). Any anger I might have towards the lazy and incompetent, pales into insignificance when compared to that I have towards the spineless, short-term, self-motivated governments we have to put up with. I am angry to pay the mortgage of a landlord. I would be happy if those taxes went to building 'excellent' social housing.
  14. Actually, it.does seem stupidly low. Having re-read, the £60 is for social housing. No average £ for private rent in this doc, but we know it's significantly more than £60 UK average rent is £892 pcm ( http://www.rentright.co.uk/121_rt.aspx ) On those figures, the numbers are frightening!
  15. Nothing we don't already know, but really makes me bloody angry. An avereage housing benefit payout is £60 per week X 1million households =£3,120,000,000 :angry: http://209.85.229.132/search?q=cache:JI-ydp6Xt7AJ:www.citizensincome.org/filelibrary/doc/Housing%2520Benefit%2520Discussion%2520paper.doc+percentage+housing+benefit+claimants+private+housing&cd=1&hl=en&ct=clnk&gl=uk (good document if you like 'benefit porn')
  16. Hi oldman, Can I ask, do you actually want to give your daughter the deposit? Do you feel guilty about their lack of opportunity to buy a house thus far, or just feel pressured, or maybe just want rid? My mum is in a similar position and the sister just won't move out, but for some reason mother is plagued with guilt, so won;t boot her out. If I were you, I'd hang on to your house (if you can afford to) for another couple of years, tell your daughter you're not ready to move yet so therefor the 30% deposit will not be available. Many families have to rent, it's really not that bad. I'd be encouraging her out into their own rented place. good luck
  17. Lovely. Not everyones cup of tea but slave-box it aint! I've been following the plight of these guys http://www.lammas.org.uk/ A group of families who want to set up their own farming community. The battle they're having with planning is astonishing. They're jumping through every hoop planning is throwing at them, and still rejected. I admire their tenacity though.
  18. Nobody knows what the hell is going on. The government keeps moving the goal posts as and when it suits them so there are no rules to this 'property' game. What we know is: - Low interest rates are staving off the wolves - Recent increases are largely due to cash/big deposit buyers (often foriegn, due to exchange rates). - Banks lending cirteria is still tight. - Unemployment still high. Obviously more factors to consider, but I can't see prices rocketing again until it is easy for FTB'ers and BTL'ers to get easy/cheap money again. I'd say sit tight for a bit, but keep your eye out, you never know what might turn up. I'd like to buy again at some point, but I personally don't think now is the right time. edit spelling
  19. Not really surprised with the + figures in the south, but shocked at the increase in the North East. How on earth is it defying gravity?
  20. I'm finding that the instant access rates are getting better. Also there are no 1 year fixed with decent % rate. In my mind that is telling me that the banks want you to fix for as long as possible for some cruddy rate. I've just set up the 3 best instant access 3.3% (60 day notice) 3% Sainsbury's 3% Tesco (both instant access). I feel that the rates will get better over the next couple of years and don;t want to be locked in to a 2 year at 4%. I also want the option of withdrawing, just in case the right house comes up (not holding my breath though).
  21. Crap weather + Christmas coming up + Boredom = Shop shop shop!! (.....shiver...hate it) Out come ther credit cards. Spend the next year paying it off.
  22. Spot on! A line needs to be drawn soon. I think total benefits cuts through the spectrum is too unfair on the kids of these wasters. The parents would still have to have their fags and the kids would do without something else. Maybe the line could be drawn for all new claimants and people with no kids. Also lets stop paying people to breed. No child benefit (or for 1 child only). No pregnancy grant (£190 when you are 24 weeks pregnant). No child tax credit. I don't reckon Dosser and missus would have got to 6 kids without all their benefits.
  23. They do! Albeit mainly voluntary work! You're such a misery guts! Your views make no sense to me what so ever. If you're not born into a wealthy family, as far as I can see, you have two choices. Either to not work and claim benefits, or try your best with the knowledge/education you've gained to get a job you can enjoy in order to provide for your family. If along the way your strong work ethic has allowed you to save, you can indeed let your money do the work. I might have been a hotel cleaner at some point in my past, but i'll be buying our next house in cash in the next few years, so to me it seems the hard work paid off. I don't think I'm a sucker. Right now, I'm enjoying time at home looking after the kids. When they're all at school I'll probably work again. Just haven't decided what yet. What about you? Without being born into a mountain of money, what would you do?
  24. Some people work better when they are managed. Tis true! There will always be managers and pencil pushers.
  25. No it's not! Mainly I've been self-employed, but I have had many menial jobs, even cleaning hotel rooms. And you know what? Never once have I thought I'm too good for this. In fact you can have a right laugh at work, just depends where you are mentally. If you're comfortable and happy with yourself and have a lovely time outside work, there's no reason why you can;t transfer the same zest into a job, no matter how rubbish it's deemed by others. Bad attitudes at work suck the life out of a working environment. And so what if I work 9-5 with middle class wannabe toffs, get to know them, get inside their heads, they might not be that bad. Work is what you make it, nothing more, nothing less.
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