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b_real

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About b_real

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  1. Might relieve the immediate cash flow for the tenant moving in, but you end up paying more if you stay for more than a year. I've been in my place 5 years, an extra £20 a month to cover the fees would have now costed £1,200. If they're going to pass the cost on to the tenant via increased rent, it should be removed once the costs of doing checks has been covered. And +1 for getting landlord checks too!
  2. BA in business, MSc. in software technology, PhD in pharmacoepidemiology using real world health data. The more I've learned, the less I know.
  3. Yes that's the issue, but I don't see it as a simple one. It's difficult enough to save as it is, and now its even more difficult. So how am I supposed to save up for a house when the amount I can save is diminishing every year while the price of houses increases at such alarming rates. The two lines on the graph are going in different directions, and never the twain shall meet. Yes I can move to a cheaper place but then what? It would relieve the pressure for now, but the rents there will just keep getting banged up until I get squeezed into a smaller place again, while landlords all profit. By the time i'm 60 i'll be living in a HMO boxroom.
  4. https://www.gov.uk/private-renting/rent-increases The thing is, how the hell do you actually measure what's in line with average local rents? The property i'm in is pretty unique. It's old and in an area where a whole bunch of new builds have just gone up that have all been bought by investors/btl who are renting them out at a fair amount above what I'm paying.
  5. Tomorrow... WE MARCH!!! I shall point out the above inflation rises to them, but I suspect they don't give a toss about that because its not their fault that 'rental prices have increased above inflation'. It is just a bit irksome that they're even doing it... Its not like the landlords mortgage is going up. I've rented a lot in my time and this is the only place where they've increased rents consistently. It feels like the increase is going entirely to the managing agent to cover their increased costs, not the landlord. Basically I'm just a bit mad and really need a hug. Or rent reduction, i'd prefer that.
  6. Who here gets their rent banged up every f****n year? I've been renting current place for 5 years, and had a rise for every single one of them. The increase has been around 3% every year: Year % increase 2014 - 2015 2.56% 2016 2.50% 2017 2.91% 2018 2.83% 2019 3.64% This may seem like a small amount every year but its higher than inflation, higher than my wage has been increasing, and totals around a 14% increase over the period. This is really starting to grind my bloody gears, particularly the size of the latest one. The reason for the increase is "to keep in line with the market". The landlord is an actual lord of some sort who owns pretty much all the properties in my area. I rent it through a lettings company, who basically do everything to stop the landlord having to speak to us. I've been a good tenant throughout the period, no missed payments, keep the place in good nick etc., they inspect regularly. I've been on a rolling month to month tenancy since the end of my first year in the place (i.e. 2015). Is there anything I can do to refuse this latest increase, that is not a section 13 tribunal? I'm not sure if the tribunal would be in my favour, I'm in Cambridge and the rental market is f*****g nuts. Or would even the threat of a tribunal work in my favour? Or do I just have to suck this up like the plebeian I am.
  7. Not defending Persimmon here but the 8,000 figure you're using is the number they sold under the HTB scheme. I imagine their profits were made from selling more homes than that, including those not sold under HTB.
  8. Firewall. Anyone got some key extracts for us poor folk?
  9. The worst bit about it tho, will be that everyone who's bought using HTB will probably be let off the hook, re-compensated even, while those who saw it as the scam it was and either saved harder or bought more prudently and independently (at still inflated prices) will be left to rot.
  10. In a similar boat to the OP and this response pretty much sums up my thoughts. I'm tempted to put in super low (-15% to -20%) offers for one off properties (old builds, nice areas) and if accepted that would mitigate a good proportion of any future falls (or would it... assuming the fall would be from todays asking price rather than todays sale price if it sold). And even if price fell, i'd have a nice house in a decent area to live in for years or rent out if I need to move. The one thing I'm struggling to get my head around tho, is how easy it will be to obtain a mortgage after Brexit compared to before Brexit? I've already had a mortgage agreed on a previous house (that ended up failing the banks survey for being non-standard construction material).
  11. Thought you'd be more scathing of him ccc! Seems to me like he's still up to his old tricks... Disclaimer: I am one of a long list of people who have been been shafted by DJ Alexander at some point. He didn't even use lube...
  12. I'm about to submit an offer on a probate sale. It's in a high demand area and I actually think it's reasonably priced for its size/condition (£2,830psqm, needs a lot of work tho). It had 2 offers within 2 days of being on the market (last week) and I received notification yesterday for all interested parties to submit final and best offers by this Thursday, which are "to be in excess of £300,000" (which is the asking guide price on Rightmove). Re. probate, the previous owners died over a year ago, and the solicitors are now selling it. I was told that the solicitors could find no beneficiaries of the estate. I'm assuming that all the probate docs are in order but will check before offer. My question is, what is the solicitors motivation for the sale likely to be here? Price or speed of sale? I don't really understand where the money from the sale goes at their end. This might help me guide my bid, I'm good on speed (no chain, agreement in principle in place) but low on price. Currently leaning towards offering the asking.
  13. And is already being called Raab C. Brexit in Scotland 😄
  14. https://www.theguardian.com/business/2018/jun/25/countrywide-property-sales-uk-estate-agency-profit Lot's of pity in the comments section
  15. 192? What parameters have you set on that? Current number of houses for sale in Cambridge on Rightmove is 697, of which about 400 odd are houses (detached, semi, terrace). Agree that a lot are reduced tho. Decent ones seem to sell quick for over asking.
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