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Loui

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About Loui

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  1. I'm gobsmacked at how one-sided this thread is. I'd expect this in the Telegraph comments section but I naively assumed that as parents, they would be able to see how screwed their children are. https://www.mumsnet.com/Talk/am_i_being_unreasonable/3170715-to-wonder-why-the-older-generation-can-t-admit-that-things-are-harder-for-millennials
  2. I wonder what impact this will have? http://www.telegraph.co.uk/personal-banking/savings/savings-rates-mortgage-costs-rise-bank-englands-cheap-money/#comments
  3. I think Nationwide are increasing savings rates (tomorrow) by 0.25% on all accounts that were affected by the post Brexit rate cut: https://www.nationwide.co.uk/support/support-articles/rates-fees-charges/bank-of-england-base-interest-rate-announcement-savings
  4. http://www.telegraph.co.uk/personal-banking/mortgages/first-time-buyers-beware-now-worst-time-buy-first-home-since/ How much do people think that the MSM will influence a HPC? Increasingly (and more than at any point in the last 20 years) I read articles that would definitely put me off from buying if I was about to. Frustratingly, at the same time I read many other articles which only talk of house prices going up. I just wonder how much influence the MSM have and if there is a tipping point. Are articles like the one above seriously trying to warn people off from buying houses at this point in time? Do articles like this have a part to play in kick starting a crash? Or do they just realise that the game is up and they want to be able to say "we told you so" a year down the line?
  5. http://www.telegraph.co.uk/property/house-prices/stoke-on-trent-council-selling-homes-1/ I'm just wondering if these schemes are a good idea or too good to be true?
  6. FT article highlighting the inadequacies of tory house building proposals. https://www.ft.com/content/11168398-a90c-11e7-93c5-648314d2c72c
  7. Here's an alternative view from the media http://www.cityam.com/profile/christian-may
  8. Equity may not be savings but what you are saying is that if you are forced to sell up the taxpayer will be worse of as they will have to pay more for your Housing Benefit as a renter than if your interest on your mortgage where paid instead. But this is not true as if as you say you have "more than 50% equity" in your flat, as when you are forced to sell the equity would be released and you will then have savings and if your flat is worth more than £32000 you will have more than £16000 worth of savings. Therefore you will not have your HB paid for by the state. Therefore the taxpayer is NOT better off by paying your mortgage the tax payer is better off by forcing you to sell up and pay your own way. I am not unsympathetic to your situation and I do not necessarily think that this is morally right but your argument is flawed and I am just pointing this out.
  9. But if as you say you "have more than 50% equity" in your flat and your flat is worth more than £32000 you wouldn't qualify for Housing Benefit as a renter anyway. So the taxpayer is not better off paying your interest at all (if your flat is worth more than £32000) as if you have more than £16000 in savings you will not get Housing Benefit.
  10. This is a little emotive. I have not indicated that I am in the slightest bit bitter towards people in your situation. I don't hate people who "bought before things went doolally". In fact almost everyone I know is a home-owner, and most of them bought before things went mad. Plus I would like to own my own home one day. Your previous posts suggest that you think that renters get more help than home owners and all I did was to point out that this is not really true. Those with nothing get help. Those with assets get less help. With equity in your house you have an asset. So does the renter with savings in the bank. Why should one of these people have priority over the other? Things are tough for everyone at the moment. The place where I live is not a home. I cannot afford a home at the moment but so that one day I might be able to afford one my husband and I live in a room in a large HMO. There is nothing homely about it I can assure you. But that's OK, there are millions worse off than me. If I lose my job I will have to use my savings to pay my rent (which I hope may one day allow me to buy a home). Our situations are not so different. You may lose your home and I do not have one in the first place.
  11. Well lucky them! The person with £70000 in the bank doesn't have a 'home' which is why they are saving like crazy! If they ever want the smallest chance doing so they need that £70000 in the bank just as much as the person who has the equity. Why should one asset be protected and the other not?
  12. As a renter if you lose your job you only get your rent paid (housing benefit) if you have less than £16000 in savings You also only get contribution based JSA for 6 months if you have more than £16000 So If I have £70000 in savings as a renter and I lose my job I do not get housing benefit but I do get contribution based JSA but for 6 months only. If I have £70000 in equity in my house and no savings and I lose my job I also do not get housing benefit. I do get contribution based JSA but after 6 months I can also then claim income based JSA until I find work. I may also get some help with interest payments on my mortgage. If this help does not cover my mortgage and other expenses I can sell up and have the £70000 in the bank and revert to the same situation as the renter with £70000 It does seems to me that generally speaking a renter with £70000 in the bank gets less help from the state than a person with a mortgage who has £70000 of assets in their home. I can see the frustration of people who have owned and paid taxes for a number of years who cannot get help to see them through difficult times. But to suggest that renters get more help is not true. Times are hard for everyone. It's not your fault that your home has risen in value but the fact is that it has. If I lose my job tomorrow I have to start spending my savings (which I hope one day will allow me to buy a home). If a home owner with equity of £70000 loses their job why should they have their asset protected when the same does not apply to the saver?
  13. Loui

    Surrey

    I agree AC44, people who want to sell in Surrey are having to reduce now. Stuff that is unreasonably priced is sitting around for ages! This is my favourite: My link
  14. Ah yes but unfortunately it's actually: Three or more storeys AND five or more tenants forming more than one household... and both criteria must apply (according to my local council web site). Also, I'm not on an AST it's a months notice either way.
  15. Thanks guys, I've looked into the HMO registration already but unfortunately it seems because the house is only on 2 floors and the rooms do not share facilities such as kitchens and bathrooms, she does not have to register in this area. She does completely flout fire regs. There are smoke alarms wired in with a panel at the front door, but they have been switched off since we have moved in and when I asked her about it she said I should put my own up! So I expect you are right wherebee about her insurance probably being invalid! We won't be here for that long but I have a lot on in the next 6 months and I'm really keen not to annoy her before we are ready to leave! I have looked into registering on the electoral roll now and I didn't realize that she would not be able to see that I had. I thought it was public info but if you tick the right boxes it seems that there is a limit to who can access the information. Good point BarnetBear about credit, I hadn't thought about that side of things. She definitely won't get away with it. I have every intention of shopping her in when we go with regard to both fire regs and the electoral role thing. She's just got such a nerve!
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