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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 p
  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
  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 w
  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
  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 nex
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