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  1. I'll no doubt get crucified for this, but here's what I'm doing: Good house on a great street in one of the best parts of an excellent area. 2002 Price. 2 x joint salaries. 25% down. £25k left in savings (still mostly in sterling, but about to change). Am I insane?
  2. Just when you thought it couldn't get any more surreal .... Skint First Time Buyers in North West Would Sell Organs for Deposit. People in the North West consider selling major organs and undergoing medical trials. WHAT: Interview to discuss the research findings and what they mean for people in the North West WHO: Andy Doylend, Executive Director, Circle Anglia Housing WHEN: Wednesday 16th September, all day CONTACT: Olly Kendall, 020 7824 1866, 07793 224 749, [email protected] Wannabe home-owners in the North West are going to extreme lengths such as gambling, postponing weddings, contemplating medical trials and even selling major organs in order to raise money to buy their first home according to new research published today by Circle Anglia – one of the UK’s leading providers of affordable housing. According to the survey of 2,000 people, 16 per cent of people in the North West of England say they are so desperate to get on the housing ladder that they have turned to gambling in the hope of winning enough money to buy their first house, with a further seven per cent saying they’d contemplate gambling if they got really desperate. The research, which was conducted by Circle Anglia to raise awareness of affordable home ownership options, also found that an extraordinary 12 per cent of people in the North West say they ‘would consider’ undergoing medical trials. Meanwhile, two per cent of people in the region say they would think about selling a major organ, if it meant they could purchase their first property – that represents 124,000 people across the whole of the North West. People living in the North West of England are the most likely to stay on home turf during the summer months: 14 per cent say they have cancelled foreign holidays – higher than any other region in the UK. In Yorkshire just four per cent of people have cancelled a foreign holiday in order to save up for a deposit. And while the stay-at-home Northerners are at home over the summer, they are surfing the internet and selling personal possessions. 28 percent say they have sold personal possessions on eBay to save for a house compared, for example, to just 19 per cent of Londoners. Other things people in the North West have done to save money for a house deposit include: - Selling items on eBay (23 per cent) - Moving in with mum and dad (five per cent) - Pawning belongings (two per cent) More traditional ways of saving money were also revealed, with six per cent of people in the North West saying they have cancelled their wedding with a further eight per cent saying they would put off their big day if it meant they could buy a house. Circle Anglia’s research reveals that while many people will go to extreme lengths to get money for a mortgage deposit, few people in the North West (three percent) think that they could be eligible for affordable shared ownership schemes such as New Build HomeBuy. New Build HomeBuy allows purchasers to buy as little as 25 per cent share of the property – meaning they would need to save far less for a deposit – and then pay affordable rent on the remainder. Andy Doylend, Executive Director of Operations, Circle Anglia said: “A very low number of people in the North West think they are eligible for affordable ownership opportunities– so it is crucial that anyone thinking of buying a property does thorough research to find out what schemes are available. Many may well be pleasantly surprised that the deposit they need is much less than they think.†People interested in finding out more about shared ownership schemes should log on to http://www.circleanglia-yourhome.org/.
  3. Do these people exist in some sort of parallel universe? What is wrong with these people? We are a nation of plebs. Greedy buyers, classic cars? Cupid stunts.
  4. Just received this in my inbox ..... ------------------------------------------------------------------------------------------------------------------------------------- Send Date:16-Jul-2008 14:53 PRESS RELEASE: FOR IMMEDIATE RELEASE Supermodel’s first home purchase supports Central London property market The Central London property market is in a league of its own, highlighted by house purchases by celebrities such as Lisa Snowden… The glamorous presenter of Britain’s Next Top Model recently bought a townhouse from Fraser & Co (www.fraser.uk.com), one of Central London’s leading estate agents. Robert Fraser, Managing Director of Fraser & Co, states, “People recognise that the London market is one of the key areas to purchase property whether you are an owner occupier or a buy-to-let investor – London is the place to be!” Lisa Snowden said, “I am very pleased with the service provided by Fraser & Co with the purchase of my first Central London property.” Figures from the FT house price index show the average annual growth rate in London over the past three months was 8.5%, challenging reports that the capital’s housing market is in steep decline. Fraser reports a steady increase in viewings translating into firm offers with the average rental yield also up, due to prices remaining consistent within Central London. “Within the boroughs of Kensington and Chelsea, City of Westminster, Barnet, Hammersmith and Fulham and Chelsea we have seen an average annual combined growth of 17.68%,“ he says. “With these figures it is not hard to see that although the UK as a whole may be slowing down Central London is enjoying its own property micro-climate.“ Fraser & Co are there to support landlords, first time buyers, buy-to-let investors and anyone else interested in the London property market. Notes to Editor: For further comment or information, please contact: Max Jenvey on 0208 810 1105 or [email protected] -Ends- For further information, please reply to [email protected]
  5. http://www.rightmove.co.uk/viewdetails-117...=1&tr_t=buy This has been up for at least a year. Deceptive description as I would describe it as a flat - there is no back door / no rear windows - it's all at the front with neighbouring properties to the side & rear. Reduced by 10k and now up with 3 agents.
  6. Quick one if anyone can help me with this: Renting a house, been through 2 six-month AST's. In both I paid 6 months upfront to get a reduction in rent. The last of which ran out in April. I have an email conversation with letting agent (confirming they have spoken with Landlord) and in which they agree to reduce the rent by another 50pcm and sign me up for another 12 months on a pay monthly basis as requested. They sign off with 'I'll forward the lease and the standing order mandate ... blah blah blah'. The last email was sent to me on May 25th. I haven't heard anything since and owe two months rent. Can I assume that this now becomes a standard periodic without any paperwork? Where does this leave me with regard to notice etc ... obviously I'll drop a cheque off for the rent. Or is it in my interest to pursue a 12 month AST? Thanks
  7. I work in broadcast media (radio). Not national, but not a small station by any measure. I have a moderate degree of influence over the news team, generally on a them asking me 'what's your opinion on ...' / direction basis. The Nationwide figures were not reported at all in any of the bulletins, which I questioned. It was in the next bulletin as 'Good news for first-time buyers, but bad news for homeowners blah blah blah', followed by a quote from an Estate Agent 'what we're seeing is a minor correction' ********. In most cases, it isn't VI journalists up to their eyeballs in BTL not wanting to report what is going on. They're mostly poorly-paid (couldn't afford to buy a place themselves, never mind BTL) and in radio are almost universally employed for their voice/reading skills rather than journalistic abililities/instincts. Many of them aren't particularly bright. In fact, one this week during an office chit chat (a very very good NEWSREADER) was exposed as not knowing at what temperature water reached boiling point. Journalism is a poorly-paid profession, unless you're at the very top. Hence, very little 'JOURNALSISM' is going on. They really do read out press releases.
  8. In response, I'm a STR'er. In 2003 my girlfriend and I (now wife) made the terribly naive decision of buying a new build flat on a new suburban estate. It was a mixed developement of flats/penthouses/townhouses/detached - and an excellent location in a very good area, unusually for these things. In hindsight, we could have pushed for a bigger mortgage and bought a townhouse instead of a flat. I was unaware that banks were literally giving money away to anybody who wanted it. I'm a bear by nature and was just working it on what we could very comfortably afford on a repayment. Two years earlier, our friends bought a nice 3 bed-semi round the corner for a third of what we paid for the flat. There seemed to be massive acceleration in prices between 2001-2003. But why did we buy a flat? God only knows. Marketed to and suckered in I suppose. Upgraded carpets etc. Wow. A few years later we married, decided we wanted children and that we would need a house. Put the flat on the market in 2006 for (as advised by EA) 50k more than we paid for it. Not a sniff. I was watching this site by then. Were advised by father-in-law to leave it on at that price - "you never know" - etc. I knew we had to get rid of it and in 2007 reduced it by 20k and accepted an offer another 10k below this. That is best decision I have ever made. In hindsight we sold at the peak by not hanging around waiting for a ridiculous offer that was never going to come. So we banked the money and added to our savings. And then rented a 4-bed house around the corner on the same estate for £120 pcm less than the mortgage on the flat was costing us. We are expecting our first and are about to renew the rental for another 12 months. Without prompting we were offered the 12 months with a further £50 pcm rent reduction. I dread to think how much the flat would be costing us had we stayed there - stubbornly holding out for an asking price we were never going to get. Even though we were in a good financial state - the feeling of relief on selling the flat was enormous. We are debt-free with significant cash. An absolute no-brainer.
  9. 'We need a mobile workforce', 'we've got to make it easier', 'do something'. 'everyone's paralysed' Well you should have ******ing thought about that before you spent 10 years RAMPING UP PROPERTY PRICES TO UNSUSTAINABLE LEVELS. Now we're all supposed to feel sorry for estate agents? ****** OFF YOU THICK, VESTED INTEREST CLOWN.
  10. Well I'll admit my VI status as a Liverpool fan. So, well done, third time lucky and all that. You finished the job this time. And, for me, you're probably the lesser of the two evils as far as the final goes. As I said, just interested in your take on what I perceive as the gentrification of the game. Rightly or wrongly I just see Chelsea as the epitome of it all. Every football club plays its part of course. Anfield's full of clueless daytrippers - you know the sort - spunked £200 in the club shop on crap merchandise, covered in red, sat in silence, taking pictures, jester hats, waving at the tv cameras. And this current trend of half & half scarves. One half Liverpool, the other Chelsea, Inter or whoever. The mind boggles. Agree with you about the pre- RA stuff. In fact, I quite liked Chelsea in the Ranieri era. It is all about the money of course, the working man is no longer seen as the lifeblood of the game. It troubles me immensely that, on the brink of your first European Cup Final - against a team that had broken your hearts twice before, I could clearly see some of yours looking bored, silent. Like it didn't matter, just another game. Plenty weren't of course. So, perhaps that's a bit unfair. And maybe this is just a Liverpool thing, but to me the European Cup is the mother of them all. THE trophy, THE competition. Above everything else. The European Cup Final is an absolutely massive game. And is is now, without question the biggest game in your history. It is the big one. And the thought of fans of yours being not that bothered, perhaps more eager to win the 'Premiership', just amazes me. Saddens me. So enjoy it, savour it, take the pilgrimage, it's wonderful. This is all getting very off-topic! Please beat the Mancs. Winning old big ears is the most wonderful feeling.
  11. Good stuff. Genuine question for you ... the club having to give plastic flags to every fan in a vain attempt to get some atmosphere going, poor gates for some of the group-stage games, the 'soccer am'-style 'ooh are ya' chanting - is it embarassing for you or not a worry at all? Was talking to my Dad about this last night and he remembers the Chelsea of the 1960's and so on ... remembers it as a very different type of club. A real club, if you like. All clubs have these new, clueless idiots following them. But there is an over-riding sense with the 'new' Chelsea fans that there's a lot more of them as a proportion to the 'traditionalists', than there is at Man U, Liverpool etc. And a feeling that should you not win anything this season - a fair proportion would be happy to slope off and buy the replica shirt of another team without much persuading. Last night I thought the club giving out plastic flags for the fans to wave and making banners - strategically placed around the ground, was cringeworthy. Not having a go, just genuinely curious for your thoughts.
  12. I paid a cheque in last week at my bank and was asked by the cashier if I'd 'considered taking out a mortgage'. When I responded with no chance, the woman looked at me like I was mad. 'Would you not like any further information Sir?' Er, no.
  13. Denial. Two people in work currently buying and complaining about their respective EA's. I said there'll be a few less EA's around very soon. Their response was ... 'I know, they're saying it might dip a bit in like London and that. But not round 'ere (PRESTON ), supply and demand you see. It might flatten a bit, but then go back up again. There's never a bad time to buy property.' Not even sure it's denial, just utterly clueless. Frightening.
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