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House Price Crash Forum


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About tpsman

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    HPC Poster
  1. http://insideairbnb.com/london/ Some interesting stats and a map of airbnb with estimated returns.
  2. Would be interested to hear about some of your tax efficient saving tips!
  3. They're fairly good. I've just got 2.55% on a 80% LTV.
  4. Funnily enough, I'm going through the process of getting a contractor mortgage through Halifax right at the moment. I only have 1 year of accounts, and they're will to offer far more money than I want on the mortgage. Their lending practices are readily available here: http://www.halifax-intermediaries.co.uk/print/criteria/default.aspx?isfad=0 IT and other contractorsFor IT contractors on any income and other contractors whose income is more than £500 per day or £75,000 per annum: whether employed or self employed, we accept the gross value of the contract as evidence of income. All applicants must have a current continuous employment of 12 months or more with 6 months of the contract remaining or 2 years continuous service in the same type of employment.
  5. Well, either we have public debt or private debt... http://www.theguardian.com/commentisfree/video/2015/oct/28/david-graeber-what-government-doesnt-want-you-to-know-about-debt-video
  6. I work in the IT end of banking. If financial services are hit with mass redundancies in London, the banking job market world-wide will be saturated with jobseekers. I'm upskilling at the moment just in case.
  7. Was looking for info about Harrow on the Hill, and came across this thread. FYI - this place ended up selling for £385k.
  8. The unaccounted for cost/benefit in a transaction. Best example of a negative externality is pollution from producing goods e.g. burning oil to produce energy results in various types of air pollution that would be experienced by the surrounding population, but only the seller and buyer are involved in transaction in a strict free market, thus the surrounding population endures unaccounted for cost of the transaction.
  9. 1. They don't pay the costs of their decision, other people do. That's the whole problem with the idea of free markets in general. They never properly account for negative externalities.
  10. I had another thought about why Halifax may be reporting higher house price increases. Halifax are pretty much the only lender that will lend to contractors without 2 years of accounts (they just need 6 months left on your contract). Contractors are generally paid a hefty premium over that of a full time employee (at least in my industry - Banking IT), so they may be still purchasing. Have no evidence to back this up - it's just a thought I had last night.
  11. When I graduated in 2005, I found a room in a house in Clapham for around £350. Not a great place, but there were still some cheap places back then. My partner had a room in a house in Kennington for £450 including bills only 3 years ago. Again, it wasn't the nicest place, but it was liveable.
  12. As a kid, there was 7 of us in a 1-bed 7th floor council estate (30-odd years ago now). The council were finding us a new home, but my dad had saved a deposit and was able to buy. Even then, it was 7 of us in a 3-bed terrace.
  13. How about this one: http://www.rightmove.co.uk/property-for-sale/property-51032989.html
  14. http://www.theguardian.com/uk-news/2015/jul/08/osborne-buy-to-let-tax-relief-limit-budget Brief quote from him here...
  15. I thought it was fairly well known that new builds drop massively in value as soon as you move in? Nationwide do a maximum loan to value of 75% on new build if I recall correctly.
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