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tpsman

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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 applic
  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. 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.
  9. 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.
  10. 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.
  11. How about this one: http://www.rightmove.co.uk/property-for-sale/property-51032989.html
  12. 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.
  13. Good points. I've got to one year of doing it, and I've started questioning why bother, when I can just leave the UK.
  14. Has anyone done the sums on this? I'm guessing they should have around £7500 after tax £1300 on rent £250 on bills and council tax £300 on 2x zone 1 to 3 travelcards £800 on food (including eating out 1 to 2 times per month) £500 on entertainment/clothes/holiday/other incidentals = £3150 per month £4350 left at the end of the month thus they should have around £52k per year saved. If they've been saving for 10 years, assuming a linear increase in saving, they should have around 250k saved, plus 5 years at 52k per year, means a total of £500k saved for a deposit. Then they'll be able
  15. Sounds like you're talking about EBTs, for which the IR have provided an exit scheme for. All of the contractors I know are abiding by the rules. Admittedly, the rules still allow for skipping NI payments, but for many that's worth it.
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