Jump to content
House Price Crash Forum

monkeyprojects

New Members
  • Content Count

    74
  • Joined

  • Last visited

About monkeyprojects

  • Rank
    HPC Poster

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. His best bet is to throw the entire £5000 via salary sacrifice into his pension fund....
  2. I believe its both:- 1 week as a holding deposit while things are getting sorted out 1 month as a deposit as you move in...
  3. On average rents will go up less than £2 a week while removing the barriers that require people to spend up to £700 before setting foot in the property... Also lower income families are usually only in properties long term as they cannot afford to find another overpriced deposit while the previous one is being held captive by previous landlord. Now that restriction is removed a lot of families will be trying to escape the poorer quality properties they are trapped in - so even that argument doesn't hold up to any scrutiny....
  4. And in your first reply you confirm that exactly how you work then attack me when all I'm doing is pointing out exactly what you are. Sorry I don't call it trolling I would regard it was merely pointing out I understand how you work...
  5. When Venger appeared and was allowed to continually attack people with different views to him...
  6. The thing is that its not worth a million and probably (if anyone is being honest) isn't really worth the £360k she paid for it... Hence the only way she can get the money she hopes to get is to auction it. The other house in the original article is another a prime example of someone trying to escape their mistake... Where are the windows on the ground floor?
  7. Well he hasn't done a very good job as he's still a director here https://beta.companieshouse.gov.uk/company/08140303/officers
  8. The best bit is that the market is so stupid there was a mini boom you could have sold into
  9. And the best bit - BTL loans are business transactions so buyer beware and there is no comeback for dodgy lending unlike PPI
  10. What I suspect is that the current boom in PCP deals will be because a PPI claim paid the deposit.... Afterwards its the difference between the guaranteed value at the end of the lease and the actual value at the end of the lease that acts as the deposit on the next car.. So things are fine if second hand prices remain artificially high but there will come a day when it all comes crushing down...
  11. Given the current interest on most bank's Standard Variable Rates it won't require interest rates to crank up for the pressure to be applied. It simply requires banks to stop being so generous with re-mortgages... For many BTLers it may already be the case based on the rules that are starting to be applied...
  12. It could equally well be part of the Permanent TSB portfolio Cerebus bought late last year. http://www.reuters.com/article/permanent-tsb-gr-mortgages-idUSL5N1CA4G1 Not that I expect the quality of those loans to be any better...
  13. One thing people think HMRC do is that they highlight mistakes immediately when the reality is the opposite. HMRC have years to do things and intentionally leave things until what looks like the last second. This is because delays have the advantage of disappearing paperwork / memory making HMRC's view uncontestably.... Hence the first time Busta will discover HMRC's interest in his tax affairs in 2016/17 will probably be sometime between April 2020 and March 2021.....
  14. They will be able to scream about mis-selling all they want but BTL is a business transaction and hence its buyer or borrower beware.... Consumers have protection (for we know when we look at 118 there are clearly people who need to be protected from themselves) but in a business you are assumed to have taken professional advice before committing to things. Hence no protection because it was fully explained to you that things may change...
  15. The tax started in April. People bought in March as they knew the tax was starting in April and they are terminally stupid...
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.