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janch

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Everything posted by janch

  1. That's really taking the p*** "Return of rent overpayment £20 per repayment plus vat £24 per repayment inc vat" You even get charged if you pay too much
  2. I've done the same. There is no substitute for peace of mind which comes from being debt free with some savings and a place of your own to live in mortgage free. Most people would see me as quite poor as I have a tiny house and live very simply. I'm not playing the game they (TPTB) want me to play.
  3. +1 I was speaking to my son (aged 32) about the Big Short film which he'd just seen but didn't like much and even though I've told him about this site/tried to get him interested in financial things he's bored by it all. He's interested in drama/films/arts etc and beyond always being poor and knowing the system is against him, buying a house has never even been on his radar. A lot of his contemporaries are the same. Unless you work in financial services many people have very little interest in anything financial and find it too complicated. Of course hoodwinking the general population works well for the banks and their masters.
  4. "Landlords are so tired of being persecuted by the government, they're threatening to flog half a million rental properties in the next 12 months - meaning the UK's rental sector could be about to shrink dramatically. " So as we keep saying on here......the prices will fall because of all the properties flooding the market; some people currently renting will be able to buy these properties (the properties won't disappear in a puff of smoke!) so the number of people wanting to rent (all things being equal) will fall...... The number of properties stays the same but more of them will be OO. So everyone's a winner (except the LL obviously )
  5. EAs earn their money after they've "sold" the property if they want their commission. So many sales fall through and chains fall apart unless someone liaises with the buyer/seller and their respective solicitors. Spiv types aren't so good at this so in assessing whether to sign up with an agent I would assess their capability on this front.
  6. I suggest you read some more threads on this site and educate yourself on the intricacies of the UK housing "market" before joining the stampede. Do not on any account listen to brainwashing of the likes of Kirsty and Phil (known on here as Krusty).
  7. Ah but Brandon Lewis does not control the housing "market" . He's a small part bit-player. Imagine our glee when he loses >£1million in a 50%housing crash and the sleepless nights as his modest empire collapses before his eyes .
  8. Well overdue everywhere. Looks like BTL will no longer be the province of amateur LLs. I remember when childminding was being "professionalised" in a similar manner. The recent changes to the taxation of BTL also point in this direction ie it won't be an "investment " activity for much longer. All those amateur LLs better get their properties on the market asap The writing's on the wall.
  9. "........gov now 10k out of pocket........." I think you mean: we taxpayers are £10K out of pocket. This is the scandal as all the UK's taxpayers are taking the risk on the London property market. How dare the government take this decision on my behalf!
  10. Yes I know that I was just thinking aloud that one way to stop the state getting so much and your kids getting a bit more might be to do some equity release, give it to your kids then there will be less equity left in the house to pay for care later. But sadly many are too greedy/selfish? to do anything like sell a property to give their kids a helping hand: Of course the equity release route serves to keep HPI alive and well which isn't so good
  11. I have thought the same. If the equity is released and passed on to the kids for property purchase then there is less equity left in the boomer home so when it is eventually sold and the equity release mortgage paid off there will be less for paying care home fees. Is this how it works? Because if it is then everyone will release equity to help their kids onto the "property ladder". As a boomer if you want to keep your house to pass on in its entirity you'd better look after yourself healthwise so you can live independently until you drop and avoid the care home entirely.
  12. I was a lurker from around the time you joined count. Then I took the plunge and started posting. It's great to have a community which has similar views because the MSM is trying to brainwash us in the opposite direction. We are not mad and I've been around long enough to have experienced the housing "market" since the 70s so I've seen it all. I would hazard a guess that many others on here are a good deal younger than me and every so often someone gets downhearted which is when the community comes into its own with support. That is its strength and we are stronger because of it. Some on here are hilarious too so worth reading for that alone.
  13. Maybe the son will want to live there himself so when the contract comes up for renewal you won't be able to renew. Sorry to be the harbinger of doom but it could be a plausible scenario.
  14. What harm does being rich inherently do? OK, being rich leverages one's ability to do both good and bad - but just being rich is morally neutral. What happens to the money if I have a billion quid? Either I invest it in businesses - which seems socially good. Or I squander it on whores - which at least provides employment! Or I give it away as per Bill Gates. But the wealth itself is neutral - one poor person with bad intent can be more socially and environmentally damaging than a rich person with a lot of shares. Poverty, OTOH, is damaging for the individual and for society. I'm not sure it is morally neutral to be mega rich and just sit on it. I've never understood how people who ar uber rich can stand by and not feel the remotest bit guilty about their wealth when they know the rest of the world has so much which needs doing. There was a prog before Christmas about some mega rich person in London who spent £150K on Christmas decorations for his house. His staff didn't know if he'd even be there for Christmas. Personally if I were ever to win/gain somehow such huge wealth I'd feel duty bound to set up a foundation or the like a la Bill Gates. At least he's using his wealth for the greater good. Most people even those who I would class as rich consider themselves poor! It's a wierd mindset in which greed is good and no-one is grateful for what they have.
  15. me too The other beauty about the frugal lifestyle is you don't pay any tax with a low income. That should help with the system reset.
  16. They had it in carrier bags not a brief case in sight!
  17. Too late for me. It would have been brilliant for me as a stay at home mother. A little amount of income even if not enough for all your needs. There must be a lot of people who would dearly love to be able to stay at home even part-time while their children are small and who feel they are pushed out into the workplace before they or their children are ready.
  18. Er.....why doesn't she sell one of "her" properties and reduce her debt? In fact now would be the best time to sell in Camberley as the bubble-bursting which is happening as we speak in PCL will surely spread outwards from the capital and may reach Camberley sooner than she thinks. If she has any sense she will thank her lucky stars and realise she's had a good run and now is the time to get out. Unlikely I know......after all she's a teacher
  19. I'm not too worried as I don't have a lot of cash. I'm assuming the large depositors could take a hit if it comes to bail-ins. I think gvt would ensure people with small amounts would not be affected. £75K is a large amount in my eyes. Best to spread it around a few different banks though. If I had my savings for a house on deposit I'm not sure what I'd do if the guarantee were to be removed.
  20. It was a cramped attic with sloping ceilings in which you couldn't swing a cat. I've a feeling TPTB have encouraged this programme as it's a way of persuading people to buy all the old Victorian housing stock which has "features" and to bid up the prices too so that all the grotty housing in the UK gets improved on the cheap. In my experience (learnt the hard way) Victorian properties are money pits and unless you are good at DIY better left alone. Every job you do costs twice as much and takes twice as long as you expect. They also cost far more to run ie heat than a modern well-insulated and double-glazed property. At least Sarah Beeny was more practical about it whereas Krusty always goes on about knocking down walls etc but she doesn't go near any of the "work" herself. Mind you I have genuine admiration for people who do take on old property and do a good restoration job on it such as the guy in the following programme with George Clarke who did up an old railway station.
  21. Saw a prog last night about the NCA National Crime Agency busting a drug smuggling gang. Guys were paying in £25K at a time in cash in one bank in Birmingham. They used several banks but there were pre-printed slips for one bank found in a stash behind a toilet cistern! Millions was being laundered and sent abroad by a crooked money transfer company. I can see why TPTB might want to do away with cash because of scenarios like these but where were the controls? If I was regularly paying in large wadges of cash £25K at a time I would expect questions to be asked. Apparently not and it takes a huge amount of police time to bust the organisation and convict the criminals. Why didn't the bank report it if they thought something fishy was going on? You don't need to get rid of cash just have more responsible banks.
  22. It's happening! All assets are tumbling worldwide.....just not in a straight line
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