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tmesis

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About tmesis

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  1. £68 of that was 'saved' on not spending £80 on a haircut. I assume she doesn't usually spend £80 getting her hair cut every week. Her actual savings are going to be less than half of that £5,129 figure.
  2. That bathroom!! Just looking at the picture is turning me insane. Imagine trying to take a bath in it.
  3. More greed and stupidity rewarded, as usual: http://www.bbc.co.uk/news/business-43471750 "Unaffordable lending is not acceptable in any circumstances," said Jonathan Davidson, the FCA's executive director of supervision for retail and authorisations. "I am pleased that the firm has taken steps to address this and provide redress to those customers affected." The FCA said that 2,425 customers whose loans were deemed to be unaffordable would have their debts written off."
  4. Hmm. £300 * 60 months + £5,000 upfront = £23,000. So you only need to find an additional lump sum of £157,000. After already shelling out £60,000 in rent.
  5. They've probably mixed it up to disguise the fact that the maths doesn't add up. If 7.5/10 are selling up and 4/10 are putting rates up instead, that leaves 11.5 landlords for every 10 landlords, or 1.15 landlords per landlord. I new BTL was prevalent, but that's just too much.
  6. Unless you can show you've been contributing to the rent / mortgage. And if you have kids together, you can make an application under Schedule 2 of the Children Act to stay in the house until the kids are 18, although the house would usually then revert to the owner who's been booted out. You could also inherit from a deceased partner's estate if you were living together for 2+ years before they died and they didn't leave you anything in their Will. But yeah, the lower earner is basically always better off being married, while the higher earner is usually better off not. If you're going to split up, that is.
  7. I live in Folkestone where the mean average salary is currently £20,648 and the mean average house price is £254,591. This makes the average house approx 12.3x the average salary. Thing is, Folkestone is an impoverished area with higher-than-average unemployment (3.6% on JSA compared to 3.3% nationally; 16% on any benefits compared to 13.5% nationally). I work at a law firm which is kept afloat due solely to conveyancing, and I have noticed that most of our clients are 'repeat clients.' By this I mean we have a small, core client base of rich people who keep getting richer, while one-off purchasers (or Will-writers, or divorcees, or other miscellaneous clients) make up an increasingly smaller subset. This makes sense because we don't take Legal Aid in any of our departments anymore, but it's nonetheless remarkable just how small that subset has got. I am one of the impoverished, but that's not really exceptional because I am 36, work as a legal secretary and have two kids. (I chose to get a pointless 1st class degree in the humanities.) However, the solicitor who I work for is 31 years old, a Partner in the firm, and doesn't think that even she will ever be able to afford to buy a 1-bed flat. She still has 3 years to go before she's paid off her student loans, before she can even think about saving for a mortgage. It seems clear to me that the 'average' figures are disguising the scale of the problem here. My income is below the mean, but I don't think it's necessarily below the median in this area, given the vast amount of people I know who have never worked. Likewise, my boss's income is 'above average' but this doesn't take into account her debts which will need to be cleared before she can even think about a mortgage. Are there stats that use the median rather than mean income/outgoings etc per area? Do they make the problem seem easier or (as I suspect) far, far worse?
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