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House Price Crash Forum


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About bug09

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    HPC Poster

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    The South
  1. That's an interesting table of data you've got there. You can calibrate the accuracy of your formulae by putting in the same figures using one of the online loan/repayment calculators, such as this BBC one. This calculator shows an interest only payment of £372 (the same as your month 1 figure, and a total payment for the same period as £595.31 (a little higher than your £589.07). I have found that the Beeb's calculator does tend to add a few quid on to the equivalent formula in Excel. Another facet of comparison that you may find useful is comparing to rental yields, which I did a bit of wh
  2. Yeah, it does ... I clicked the link, and a window popped up asking me if I wanted to open it in Excel. You've missed the point. What I was getting at is that the need to download a non-text file is a barrier to people looking at the OP's work and giving feedback. Therefore I suggested that the OP just put details in directly in posts so they can be read and commented on.
  3. You're asking me to open an "ods" file straight into Excel ... how do I know what that file will do to my pc? Probably nothing, is the answer ... but I really don't fancy trying to explain to my boss why a work PC is knackered and this being the reason. So maybe you could put some of your calcs in the posts here or something so people can see your work without having to download files.
  4. Fair do's, we have notified the solictor that payment will be forthcoming. I do a bit, don't I
  5. Now that is an interesting point. He moved around quite a lot and never updated us with an address. So the address probably was invalid ... but I really can't think of a way of actually proving that.
  6. Yes, I second that myself actually. In fact, we have paid everything that we owe and on time. This point is about what the contract actually stiplulates what each party must do. Now, a part of that is that a tenant must be given an address at which to serve notice. If there is no such address, then - and the act explictly says this - any rent due will be considered as not due. Now, if our landlard had been competent then maybe we would've overlooked such a point. However, he was terrible. Never once was the gas safety cert renewed on time. We had no electricity for 3 days, during a time when
  7. Our landlord died in December 09 and our rental standing order was returned by the bank a couple of days after it was paid at the start of January. The standing order continued to be returned. When the solicitors gave us payment details for their account (start of April 2010), we stopped the standing order and set up a new one for them. They think we owe them for the returned standing orders. We think we don't because we did not have "an address to serve notices", and the LTA goes on about rent being considered as not due when no address has been furnished. This is an extract of what arrived
  8. I agree that it's definitely worth pointing this out, as many others will read this post. I would've thought that the mortgage company (if this is mortgaged) would've at least insisted on Buildings Insurance being in place at the point of exchange.
  9. Keep £5k or so off the offer to pay for 6 months overlap rent ?
  10. If you've got one of those nearby, get a 6ft flourescent tube and stick it in the ground by about 12" vertically and directly below the cables. At night time you will be able to see the tube illuminate!! And if you touch part of the tube, the bit above your hand will be illuminated and the bit below will be off, as the voltage takes your body to earth. Went to an "art" exhibition near Bristol once where an array of maybe 100 such tubes had been assembled in a field under a pylon. Anyway, as a previous poster said, if it's a little wooden pole with 4 wires on it - 3 serve a property each, 1 is
  11. You can give notice at anytime in the month, but it will not take effect until the following 12th. So - assuming you are at a future point in time when your contract permits termination - you send a letter maybe on the 20th of August to say you are terminating the tenancy. Lets also assume that your notice period is one month. So on the following 12th - that's the 12 September - your 1 month period begins. This means that you pay rent up to, and hand the keys back on, 11 October.
  12. Get your brother to call in at the Union's Student Welfare Unit (I guess your talking university student here?). They tend to have a lot of experience of dealing with duff housing. I did just that when we had a dump that was not being maintained. Their advice was to setup a bank account with all the housemates as joint account holders, and then to notify the agency that unless a (reasonable!) list of repairs were not carried out in a (reasonable!) amount of time, then rent would be paid in to this account instead of to them. We did this. The agency told us all the excuses under the sun as to
  13. You could just send them a letter by Recorded Delivery stating the full amount of your deposit and any rent paid in advance, and stipulating that you want this returned within 14 days of receipt otherwise you will take them to the small claims court. Up to you.
  14. ro88, I'm not familiar with any new laws - could you post the names of the acts that the CAB has referred to, and also the name of the info pack that you've quoted from too. This just helps everbody pick up the same info. I'm not familiar simply because I haven't heard ... not trying to suggest that you're wrong at all. So as to when your last day is ... my understanding is that when you serve notice it will take effect at the next period of tenancy and so you are effectively given 1 months notice from that point, irrespective of when you posted your letter. Since your rental started on the 1
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