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House Price Crash Forum


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About Just_Do_It

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  1. Did oil prices dip below zero today? https://www.theguardian.com/world/2020/apr/20/oil-prices-sink-to-20-year-low-as-un-sounds-alarm-on-to-covid-19-relief-fund
  2. I know I initially found the daily countdown frustrating, got off on the wrong foot and was told to "troll off", but an update would be good. What's the current thinking for this, January 2021 - when the payment for the higher tax payment is due?
  3. Good question, I've got my MOT tomorrow, hopefully my independent mechanic will turn up. I think he will, as he can't work from home.
  4. I hope they don't bail out BTL too. They purchased property as an investment, and are happy to take the profits in the good times. They should suffer the losses in the hard times. I wouldn't want tenants to be made homeless because of a BTL mortgage defaulting. Hopefully there is, or will be some protection for such a scenario.
  5. I dont know about Rotherham, but where I am the problem isn't that no-one wants to buy, it's the price. There are 100s of buyers out there, just not at the sellers asking price.
  6. One less online travel company to choose from (Amoma.com): https://www.moneysavingexpert.com/news/2019/09/hotel-booking-site-amoma-com-goes-into-administration---what-you/
  7. Unsurprisingly a massive spike in prices not long after HTB was introduced.
  8. This isn't realist though, is it. No personal allowances are included, additional pension contributions are included as tax, and the 18% child benefit for a single child sounds far too high. The money advice service states 16% for 3 or more children: https://www.moneyadviceservice.org.uk/en/articles/how-much-child-maintenance-should-i-pay I agree that tax is high, just not as high as 69%.
  9. Doesn't sound too bad, as long as you're buying it to live in for some time, and plan to rent a room/rooms. Make sure you get a decent mortgage rate for the time you'll be living on it - there's some good rates around at the moment.
  10. I can see why landlords would initially lose out if the government capped house prices, but wouldn't this be damaging in the long term? For example, would it attract new purchases from landlords because of the improved yields?
  11. If a private landlord required payment by direct debit, wouldn't it mean they have a business account, so would probably be declaring it? I agree with you about cash.
  12. I know many people who rent because they have fixed term contracts in different cities. They choose to rent because it suits them, not because they're loaded.
  13. This isn't for new customers, so if the borrower is in negative equity the bank/Building Society has the problem anyway.
  14. Do you know whether your friend kept up with the repayments? Banks can't demand anyone to make up the difference unless mortgage payments have been missed. If a property has negative equity then it'll be difficult to re-mortgage, but the bank can't do anything about it unless the loan is in arears. I thought this had always been the case. https://england.shelter.org.uk/housing_advice/repossession/repossession_rules_mortgage_lenders_must_follow
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