house-down

Yes lets stay on topic Can you give us an idea of the yield and whether the house is freehold? Or if you prefer the current rent / expected sale price Would be nice to know what sort of yield he was after - I have a feeling it will be low!

Wow that is impressive - I thought you were going to say IT contractor and the Ltd tax fiddle but that is interesting - What did you do with the cash?? BTLs or something else and is the working market for you comletely terrible? Have you retired

not great but equally not awful I have seen examples of 1.5M house struggling to be let out for 3K a month - Go figure what the gross yoeld is in that case. 2%

Could you give us an idea of your industry and what year your max salary was and what the max salary was ..... I mean even if you earn 200K a year then after tax thats 9K a month.... So you would have had to have a pretty massive life event for this to be true

Th LL has given him a flexible tenancy with weekly rent payments and much shorter notice. No we do not know if he will steal the deposit but the tenant is jealous and wants revenge so is going to try and play the 3 times deposit i suppose each time the Ll renewed the tenancy eight times he made it as expensive as possible for the tenant. You know like a rent increase just under the removal costs and a new tenancy agreement admin fee. And no repairs at all. I m sure he did NOT and we o lot have one side of the story from someone trying to make a fast buck

This is very relevant. I watch mortgage rates and they have definitely increased o er the last few weeks. Remember that house prices are very much set to total borrowing available and if rates go up or ltvs are coming down this is the big one to watch. also remember that the current house price boom is almost certainly due to mortgage holidays, bbl loans and people with a real reason moving. This is not sustainable

The LL probably forgot. He has not tried to steal the deposit has he. He has been lucky to have a place for a good ten years rather then be forced to move every six months. the LL now wants his property back which as you know as a renter is his. So why play games and cause stress. Find somewhere else and leave on good terms

Or more correctly. You could not find anything if the same size quality and cost. That is the market working as it should. now you are trying to be an unpleasant person by trying to game the system because the LL did not send you the right to rent book. I understand completely 🙄

Probably a lot more. What would happen if it was worth a lot less. It is the ll who has taken the risk

How is this different from car hire or other rentals You do not want a whole car but you want to use it for a few weeks from the airport honestly I do not see any differemce

The LL has invested - He has bought a pile of bricks and hopes to find a tenant - If the property is empty it is he who gets no return Being a LL was part if biblical times - Hardly new

I know of LLs who have put several hundred Ks into property - But whats that got to do with the discussion - Whether the LL put money down or used his assets and income to guarantee the mortgage and borrow makes no difference - He has all the risk if the property collapses, subsidence etc Tenant gets to enjoy a property for small monthly payments like PCP for cars. Only some people want to see LLs die and anarchy in the world I want HPC to crash because of economics and yields not because some people are trying to screw their LLs - If the LL is a problem move out simple - Just like if you took a job which you did not like you would leave

Ok yes you want a landlord to be your butler for the monthly rent - I understand .... What dont you understand - The LL has invested many 100Ks and given you the ability to enjoy that for a small monthly payment

Lack of alterntaives means cheap rent - I do love it how some want a free market and when the free market works people complain Did you really lose much by not having the right to rent booklet? The deposit has not been protected but did he try and steal it?? Some people just look for fights in life its weird OP should have moved out if he was not happy many years ago - The landlord saved him money by letting him stay so long is how someone else could look at it

Good luck getting a house with garage in SW4 clapham for less then 3 million

Just explain what you mean by gross in this context Minus agency management fee / service charge? Or neither Say the property was 1MM do you really think this will rent for 36K pa?

If he was so bad why did you stay for ten years - I find these arguments silly...

Yeah these guys will dissapear its a matter of time - London housing is doing badly and will do worse and not many sales are taking place Just look in anecdotals - I monitor sw4 and own and its terrible there No way foxtons can surive

This is great news - Whats the rental numbers vs the expected sale price so we can have a sniff at the yield of the tenant who hopefully will pay

From London country mortgage brokers words fail me Deposit size requirements increase Over the last few months mortgage lenders have reduced their offerings of high Loan to Value (LTV) mortgage deals. This is particularly affecting first time buyers who typically have a smaller deposit than those who’ve owned a property before. Due to the uncertainty of the market, lenders consider these high LTV deals more risky. One high street lender is currently requesting a minimum of 20% deposit, which could be quite a stretch for some first time buyers. While there are a few 90% Loan to Value deals on the market, they come with restrictions, such as where the borrower lives and their type of employment. Possible solution? A joint mortgage! A joint ownership mortgage is a mortgage you take out with someone else, whether that’s a partner, friend, family member, or business partner, with both parties jointly liable for the mortgage. There are lots of reasons why joint ownership mortgages are an attractive option. Often buying with someone else makes owning a home more affordable, and by pooling your resources for a larger deposit you might be able to buy a better property than if you were buying on your own. Or with a bigger deposit you could have a lower Loan to Value (LTV) ratio, meaning more mortgage deals are available to you and you could get a much better rate on your loan. There are two different available options when it comes to joint mortgages: joint tenancy or tenants in common. Each option has its strengths and weaknesses, so you’ll need to consider carefully which is most appropriate based on your individual circumstances. Read our guide to find out more. Recap: Why are mortgage applications currently experiencing delays? Many factors have led to an increased demand for mortgages including: Pent-up demand to move following lockdown (for example people wanting more space or a change in location). The Chancellor’s Stamp Duty holiday in effect until 31st March 2021 which has created increased demand. Difficulties in doing on-site valuations under COVID-secure guidelines, which has meant less valuations can be completed in usual timescales. Lenders have removed most of their higher Loan To Value mortgage deals, which has made it much harder to get a mortgage with a small deposit. This has led to all mortgage lenders having a large backlog to work through and the whole mortgage industry being subject to delays.

Still on the market and any reductions?😂 im seeing lots of reductions now in london

Doing what and what sort of redundancy package

Jesus that is insane - Very generous - Our work is one month per year max 6 months plus notice period - This is a massive corporation in london So pretty bad compared - Still on a salary of 80K it is something

can you anonymously disclose your salary how many years worked for and what redundncay money they paid Im sure a lot of people are thinking of being the first to jump - myself included - but i ve no clue what a good package means

What’s the case for and are they defending it