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Everything posted by bomberbrown

  1. OK, my fault I should have been a bit more specific. I've every axe to grind to the weak government/bankers that have got us/them into this position, but in a way you can't blame people for taking advantage of it. Albeit there is a level of personal responsibility that should be thrown into the mix and hopefully those that were suckered in learn a lesson and ultimately I am not saying they should be bailed out either. Far from it. It's like the benefits/unemployed conundrum. Do you blame the welfare system or the individual that takes advantage of it?
  2. No doubt spending on what one of my equally finacially astute colleagues did, and MEWed £100k from a 2001 £80k mortgage (now left with £180k mortgage, family, 2 kids) and lived the life of Riley for the past decade. Sad, but true. I've no axe to grind or no malice and they are trying to sort finances out which I have every respect for. They've even said they wish they hadn't gone so mad. Little comfort now.
  3. OK, I don't profess to know all about mortgages and the process involved to get a greater mortgage to get a more expensive house mid mortgage term. How was this achieved pre 1998? Question to all HPCers with more mortgage experience.
  4. I don't understand the OP. Are you trying to remortgage with the Natwest? Are you coming off some sort of fixed rate and due to go on SVR?
  5. Aren't most, if not all, manager type roles salaried anyway? I know my contract is. You are contracted to work for NO LESS than 37.5 hours a week so overtime in the contractual sense doesn't even come into it. I know peers of mine that email and stuff right up to late at night. Madness!
  6. I can't help but think he's angered his lenders by proclaiming he was evicting 200+ housing benefit tenants. The timings are too coincidental.
  7. Yes. I won about £35 (£2 stake IIRC) on the very last rate rise years ago.
  8. http://www.bbc.co.uk/news/business-28245709 The Bank of England has held UK interest rates at a record low of 0.5% for another month. The size of the Bank's economic stimulus programme, known as quantitative easing, was also kept unchanged at £375bn <yawns>
  9. Leaving climate industry change out of this for the moment, shouldnt this information be on the conveyancing report before you buy? And so, caveat emptor and all that.
  10. Whenever I see Grade II listed mentioned, I immediately think 'liability'.
  11. Keep up at the back. http://www.housepricecrash.co.uk/forum/index.php?showtopic=199600
  12. From the comments section on the Guardian, someone questions the £100m profit claim. Basically, they would need £100,000 of equity per house (after mortgage costs etc). Is that likely?
  13. I don't think we're hearing the full story. I think Fergus is getting his bvllsh1t version in the papers first.
  14. It was on the news this morning that all the schools in Newham and a few others are closed because of the Tour de France. Evidently, there are only certain days when keeping the kids from school is a detriment to their education.
  15. Invariably, you don't have to enter ANY email address, just stick a '@' in the box, or failing that, any random crap with @ in it. i.e. [email protected]
  16. Despite some quite plausible contrary indicators, I'm also now of the mindset that we will now follow Japan's lost decades lead. A generation of falling prices, more prominent in London since this is where most of the madness has been of late.
  17. Well this is something I didn't know before. This government information suggests that you can have the RTB more than once (though you won't necessarily get any discount more than once). You have to ask yourself, in the spirit of the scheme, under what circumstances can you find yourself in a position of being able to RTB more than once? https://www.gov.uk/right-to-acquire-buying-housing-association-home/discounts
  18. I vaguely remember one of the governments crazy bail out schemes a few years ago was enabling HA's to buy people's houses who were in mortgage arrears and let them stay in their house under a new HA shared ownership arrangements. Could this be one of them? Edit. Found it. Google Mortgage Rescue Scheme.
  19. Now I'm not advocating social cleansing, but they seriously need to start looking at their current social housing allocations and relocating the long term (5+ years) unemployed outside of London, not solely for the benefit of ambulance staff, but for all workers in London.
  20. My advice to any 20 something year old now would be ENJOY LIFE and don't get sucked into the 'must buy' Ponzi. I wrote a post a year or so ago basically saying that I do think we will have a generational revolution of sorts in the next ten years. Much like in the 60's and the hippies (baby boomers now?) rebelled against the establishment (or whatever) and went their own way, I honestly do think we are going to have a revulsion to HPI amongst the new generation in the same way.
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