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Ellie

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About Ellie

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    HPC Regular
  1. 1. Don't buy property - dead money 2. Don't save - spend all your money enjoying yourself. 3. F**k tomorrow - enjoy today and let the rest take care of itself. Do what you want to do not what you think you ought to do. That's my advice. It works for me! :-)
  2. But don't forget it's less than fifty years since Greece had a military coup, its not always been a smooth ride for democracy. (Apologies if this has already been pointed out in this thread, I can't be bothered to read twenty pages.) edit - FORTY pages
  3. Posted on here a couple of weeks ago - got moved to anecdotals though - finally exchanged contracts today. Havin a teensy glass of wine in celebration. You can all carry on shouting about house prices falling through the floor now - I was praying the buyer didn't read any papers or know anyone who frequented HPC! Ps. not selling to rent - selling to tent. Off travelling.
  4. Yesssss - have just exhanged in the past half hour. Buyers have obtained a mortgage with HSBC. :-) Eight months on the market and £30k off original asking price. (3 bed semi, was on for £185k dropped to £155k). Sold it for slightly cheaper than the average asking price but a bird in the hand and all that... Not selling to rent - selling to tent Going to go travelling/walking for a bit.
  5. This is the reality of renting in this country. Assured Shorthold Tenancy (they always are these days) Provided the deposit has been properly lodged and notice correctly served then two months notice WITHOUT ANY REASON is good enough. NO wonder people want to buy mortgage up to the hilt in order to get some security. Tenants have no rights whatsoever and squatters rights are pretty much a myth also btw.
  6. Just one week -or maybe two -then you can all go on as much as you like. Holding my breath - can't believe that I actually have a buyer after months of trying to sell my house..shhhhhhh everyone, nearly there!
  7. This is true. And why? Because customers were complaining about the poor quality of shoes from China. UK DR Marten's are, of course, sold at a higher price to reflect the higher quality.
  8. Well I do have a problem with Chinese goods because invariably the quality of the product declines. I could cite any number of examples - in my areas of interest (outdoorsy): Berghaus, North Face, Scarpa, Mammut, Dr Martens etc etc etc. Mostly of course these brands are seeking to reduce production costs whilst maintaining high point-of-sale prices by virtue of their good name - earned prior to their moving production to China. China-produced goods invariably means quality-creep and I am sick and tired of paying for a well known brand only for it to fall apart after a few months - if I had paid less for a Chinese own brand then I would have thought ah well you get what you pay for but in fact you pay a large amount for what is now an inferior product. I never buy anything made in China if I can avoid it - unfortunately this is becoming more and more difficult.
  9. This is entirely anecdotal but a friend of mine spends one day a week in the county court advising mortgagors in repossession cases. A year ago she said it was quiet, in her words "too quiet", now she cannot get around the cases that are in the waiting room, mainly sub-prime mortgagors where the lender has gone for possession. My belief is that lenders, having been told to hold off, have now been given the go-ahead to repossess. This will, of course, take time to feed into the official figures. edited for typos
  10. Lol. Can't help but think that if we had more professionals and less "proffessionals" then this country would not be in the state it's in. Bunch of illerate spivs running the show. Scary.
  11. Rightmove How about this "detatched bungalow" round the corner from me...
  12. In Russia the Finance Minister recently urged people to smoke and drink MORE as an act of patriotism. As if Russians need any encouragement... “People should understand: Those who drink, those who smoke are doing more to help the state,” he told the Interfax news agency. link
  13. "The average person lost £11,300, equal to £22,600 for a couple, according to the Institute for Fiscal Studies." Wow, that's really helpful. After all, it's pretty tricky, multiplying by two.
  14. Historically ISMI (Income Support for Mortgage Interest) was paid at BOE base rate plus 1.58%. Plus you couldn't claim it for the first 39 weeks of claiming Income Support. Most people were paying more than this and so would have to either make up the shortfall or get repossessed. It was not a particularly generous scheme in my view, by the time 39 weeks had passed it was too late for many people. It was only the interest that gets paid not the capital, so anyone who has had their mortgage for a long time would get very little in ISMI payments. Then in 2008 the Govt broke with the 1.58% rule and stated that they would hold ISMI at 6.08%. In January 09 they also reduced the waiting period from 39 weeks to 13 weeks. They also increased the maximum amount of loan from 100K to 200K. This was all part of their strategy to prop up the housing market up and minimise repossessions, but has now resulted in the ludicrous situation of huge numbers of people being overpaid on their mortgages by the state. That is those that are on a decent rate ie. the ones with a decent credit rating so able to get a mortgage at below 6%. The ones on Lehman style sub-prime mortgages were of course stuffed from the second they signed the contract. ISMI is normally paid direct to the lender so any excess will pay off some of the capital which was never the original intention. It was the decision to unhook from BOE rates that caused the problem IMHO
  15. 250K is a small price to pay for the joys of being single.
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