gadget
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Everything posted by gadget
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Because not everyone can (or wants to) go to out of town shopping centres. Because their "popularity" could largely driven by implicit parking subsidies. Because re-engineering shopping around the car could be very short-sighted. Because a town without a centre is just a dormitory. That said i don't think allowing shops (or offices) to be turned into homes is a bad thing....
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There's no requirement to "offer" a rolling contract. It's what happens at the end of a tenancy if nothing else happens (the other alternatives being moving out or signing a new contract). It sounds like the agent is just after the fees: the landlord likely knows nothing about it. I would contact the landlord directly and say you're happy to stay on but not to pay the renewal fees. (assuming this is true) If he wants you to stay on he can rescind the S21 or pay the renewal fees on your behalf. Every year is bad enough. There's no way i'd pay renewal fees every 6 months.
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Renting Out Houses With Owner Occupier Mortgages?
gadget replied to pokercola's topic in House prices and the economy
Doubtful. An owner occupier is likely to do all he/she can not to get repossessed as it is their home. When a BTL is in negative equity there's a decent change the "owner" will simply walk away. Especially if the owner is a corporation. -
So "political pressure" is causing HMRC to take too many cases to court / tribunal. Which is <TeenageStrop>soo unfair!</TeenageStrop> http://www.telegraph.co.uk/finance/personalfinance/capital-gains-tax/10191636/Political-pressure-adds-to-backlogs-at-HMRC.html Why give a discount? I suppose HMRC could lose in court: Maybe not. I look forward to the next telegraph article where they look at other crimes and say "political pressure" is causing the CPS to actually charge thieves and drug dealers* whereas if they just came to a mutual agreement the situation could all be sorted out amicably. *Yes i know tax avoidance isn't a crime. Except that in 80% of cases HMRC win: which mean the perp thought it was tax avoidance but actually it's tax evasion.
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A bit of a reality check here for everybody moaning about the death of the british car industry and "globalisation". http://www.guardian.co.uk/business/2013/jul/21/britain-signs-recovery-left-behind Ford is doing pretty shit. JLR, Nissan, Honda, BMW (mini) are hiring and expanding. UK car production is close to a record. The uk has economic problems but the car industry is definitely not one of them. Even the Wail can't find anything to moan about: http://www.dailymail.co.uk/news/article-2210199/Britain-producing-MORE-cars-Germany-How-UK-car-production-capital-Europe.html
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Advice Please - Blocked Drains / Costs / Landlord Responsibilities
gadget replied to ska_mna's topic in All about renting
My issue was not with you going out and paying for the drains to be cleared. It's then questioning whether or not you should get that money back from your landlord. Of course you should. -
Sure. Because the price of oil is basically exactly where it was 12 months ago (and below where it's been for most of the year): http://www.bbc.co.uk/news/business/market_data/commodities/143908/twelve_month.stm and the pound has fallen all of 3c in 12 months: http://www.bbc.co.uk/news/business/market_data/currency/11/12/twelve_month.stm
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Advice Please - Blocked Drains / Costs / Landlord Responsibilities
gadget replied to ska_mna's topic in All about renting
That is exactly where you are going wrong. Paying £500 yourself to fix your landlords drains?! And not sending the landlord the bill? PS My car needs some new tyres so if you could send me a cheque for £200 that would be much appreciated.... PPS http://england.shelter.org.uk/get_advice/repairs_and_bad_conditions/disrepair_in_rented_accommodation/repairs_in_rented_homes_-_whos_responsible_for_what -
Letting Agent Vandalised My Property
gadget replied to Sir Sidney Ruff-Diamond's topic in All about renting
+1 Also a bit of legalise ("Without prejudice" etc) will probably get them worried. -
90% Of Pension Annuities Do Not Rise With Inflation
gadget replied to Frank Hovis's topic in House prices and the economy
I think you need to sit down and work out what a pension at 65 of 20k a year index linked until you die is worth. Hint: it's a sh1tload. Hint 2: about £600,000 -
90% Of Pension Annuities Do Not Rise With Inflation
gadget replied to Frank Hovis's topic in House prices and the economy
There's a massive difference between BTL, a leveraged bet on rising house prices and using your own home as an inflation hedge rather than an expensive annuity. Someone reaching retirement in general will have a mortgage free home that's too large for them. In those circumstances buying a flat annuity that pays well in your 60's and 70's makes sense. By your 80's- 90's you probably won't be able to cope with the large family home anyway and so will want to downsize. -
Bank Failures Now Responsibility Of Depositors
gadget replied to geezer466's topic in House prices and the economy
Well the parent group is putting in £1bn of cold hard cash. It's pretty standard for lenders to a troubled company writing off some if the debts in return for a cash injection of of equity from the shareholders... -
Hs2 Costs Up Just Add £10Bn
gadget replied to interestrateripoff's topic in House prices and the economy
Because building a massive trains station in central london is an expensive thing to do. Whilst laying miles of track in the open countryside isn't. Why? It's been done before... -
Bank Failures Now Responsibility Of Depositors
gadget replied to geezer466's topic in House prices and the economy
Wow.... so the plan is to apply the law as it's always been. Rather than the practise for the last few years: shovelling money from the average taxpayer to people who by definition are vastly wealthier than the average taxpayer. -
Hs2 Costs Up Just Add £10Bn
gadget replied to interestrateripoff's topic in House prices and the economy
As a fan of HS2 I can't say I'm happy about this. However worth pointing out that 12.7 bn of this is "contingency" -
No. Budget airlines have no interest in getting use of an airport for free* Ryanair in particular rely on getting paid to fly into the small local airports they use. *In reality it wouldn't be free. They would now be responsible for the loses that the current owners (generally local councils) currently fund.
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Co-Op Bank Down-Graded-- merged threads
gadget replied to TheCountOfNowhere's topic in House prices and the economy
You genuinely have my sympathy. But in terms of equity etc think there are two arguments: 1) The contracts specifically say the interest payments can be stopped. (i believe but i may be mis-informed) 2) The parent co-op group is putting in £500m of fresh equity. -
But a regulated one... If they attract more passengers they make more money. They can't raise (regulated) fares more than the franchise rules allow. If it's such a license to print money how come the East Coast franchisee has made big loses (twice) and handed back the keys? (The line itself is very profitable. Hence each franchisee promised to give ever increasing cash to the treasury) I've got my issues with the privatised rail network. But noone can seriously look at the usage stats and say it's been an unmitigated disaster. A bit like those people who say "noone goes to London anymore: it's so crowded"
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I'd take that as a good sign that they simply don't know what is enforcible. The OFT has explicitly said a clause like this is out of order: http://www.oft.gov.uk/shared_oft/reports/unfair_contract_terms/oft356.pdf There's no hassle. You've explained your position now just ignore their letters. If they take you to court (which they won't) just show up and they'll lose
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Co-Op Bank Down-Graded-- merged threads
gadget replied to TheCountOfNowhere's topic in House prices and the economy
Cooking the books? Read some PIBS / Preference share large print (it's not the small print. It's the whole point of issuing them) -
Co-Op Bank Down-Graded-- merged threads
gadget replied to TheCountOfNowhere's topic in House prices and the economy
Not sure what point you are making? Not paying the interest is exactly what the "bail-in" is. As to "illegal" a default is by definition not doing what you promised to do. The law well understands that sometimes companies can't fullfill all their promises. And bonds (and PIBS etc) are pretty explicit in acknowledging you might not get the cash you were promised (and in what order those promises will be broken) PS The reason PIBS are "capital" for building societies is that explicitly if they run low on money the stop paying the interest and hey presto they have more money. That is literally the reason they are issued.