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Houdini

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About Houdini

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  1. Check the comments out - the lack of sympathy is a sight to behold and enjoy...
  2. Nope - London is currently the centre of a lot of Fin Tech start-ups. Revolut, Monza, Starling are all 21st century banks without legacy 1970 mainframe backends...
  3. LHA rate = £117.70 per week so £510 a month So 1) over supply must be an issue if the median rate is the same as the LHA rate... 2) £520 even if you push it £600 is less than the £640 you calculated you needed for the mortgage...
  4. I have little problem with the switch of who pays - I would be curious what it does to the second home / BTL 3% surcharge as if that's removed the market is going to return to idiotic BTLers...
  5. Newcastle I can just about see, Liverpool and Hull really (they are seaside ports where the population and work prospects are continually reducing)..
  6. Stamp duty restricts when people can move as it's an upfront cost that needs to be paid in cash - if you haven't got the £10k in stamp duty required you can't move. So in theory getting stamp duty paid by the seller may encourage more house movement (and it would stop the building of extensions which is a good thing). But it won't change the market in a lot of places because prices are far higher than the amount most FTBers can borrow...
  7. Thanks for the warning on Zopa - I will shift my money out today - just need to work out where to put it...
  8. Some purchasers are grade A idiots with a larger mortgage than others...
  9. Because they don't have the deposit required to access the debt...
  10. MS are shrinking there but not leaving Reading - management however do prefer the Paddington office - so you can see the trend equally no new IT firm will move to Reading, Millennials want big Cities so it’s London or Dublin as a tech / sales base and somewhere in Eastern Europe as back office.
  11. Up north that doesn't work. We live in Darlo as it's got a motorway, mainline railway and an airport that I currently use weekly. Yet prices are actually cheaper than Boro for no sane reason... Heck I think house prices in Sofia are more expensive...
  12. One reason I live in a town is that I need broadband to work - as 5G roles out there will be zero need to live in a town and the countryside will beckon.. Ironically the places we are looking at have b4rn which is a community run 1gb fibre network
  13. Hmm, I really believe an agency lets properties as HMO's without the landlord knowing. Surely the landlord signs every contract
  14. Also it's Tamworth - if it's anything like Telford (and from memory it is) you won't be able to move for new housing estates As it's purple bricks wait 3-6 months and this property will be up at £165k (still £20k more than the highest price on the street) as purplebrick's auction property...
  15. The way to play the game is to accept the debt and instantly pay it off after you leave the garage...
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