Jump to content
House Price Crash Forum


New Members
  • Content Count

  • Joined

  • Last visited

Everything posted by daviduk

  1. I'm seeing lots of empty two bedroom flats locally during my regular RM / Zoopla searches. Am looking to move from current rental due to dodgy heating which landlady hasn't managed to fix in over a year. The question is - when are these going to start falling in price. Some have been advertised for three months now and still not let. Prices holding firm around £1250 which is crazy. A few seem to have reduced their prices but it's literally by £25 or £50 a month tops. Don't they realise they've already thrown away £3500 ish hoping to find someone willing to pay the extortionate ren
  2. From the comments on that Facebook page they genuinely seem to believe they can just raise rents. Its incredible.
  3. I've suddenly noticed a lot of houses coming up for rent around the £1250 mark. Which is still extortionate but a few weeks ago this was the minimum you could rent a flat for. The flats don't seem to have changed their pricing yet but I am hoping they will be forced to. Also - some properties I have seen keep coming up time and time again at the same price. The added date keeps getting renewed so they look like they just became available - but actually they have been vacant for 4 months +. Why on earth aren't they lowering the price?
  4. Some good replies. It's certainly a relief to know I'm not the only one in this position. I never imagined I'd get to this age, run a successful business, have a deposit that's big enough to buy a house outright ten years ago in my area - and yet now not be able to get a mortgage on a crappy 2 bedroom flat. This is surely a sign that something has to give. Not everyone buying houses has had a free £300,000 gifted to them via HPI, so this bump in prices has to run out soon enough. I'll keep doing what I'm doing and hope for some sanity to return price wise. Anecdotally I had an estate agent rin
  5. Ideally I'd like to go the way of those that have amassed enough savings to cover the rent and provide a liveable income. But I'm probably 10% of the way there - and it's taken me 10 years of hard work & being sensible to get this far. I guess if I hadn't bought that one iPad mini 3 years ago I would be nestling in a £750,000 house right now.
  6. I think for me it's the "target" to aim for. If I had a house with a reasonable mortgage I would focus my efforts - probably work harder - and work out a plan get the thing paid off. As it is there's no end in sight. Its just work & earn enough to pay the rent & bills - a bit more to save - rinse and repeat. There's no plan. No security. No pension. Nothing to aim for. It has become irrelevant how much I earn (as long as I earn enough to cover costs) because houses are so out of reach - and having ever increasing savings / deposit is bringing me nothing except a miserly interest rate a
  7. Little bit of a rant....but it's all getting to me now. The sickening housing & BTL market. 1) I never check house / flat prices. Only ones to rent due to prices being so detached from my reality it makes me feel nauseous. This evening I thought I'd have a look at some though, to see if any of the trumpeted BTL offloading has affected prices. This is in the area I grew up and would like to live (partly so my young daughter can grow up there too). It's not central London. Its miles out towards Uxbridge UB8. Not a wonderful place but it's not too bad in the grand scheme of things. To cut
  8. I've seen lots of new property for rent in my are - of the type I am renting now. What I don't understand is how some are sitting on the market for months with the prices unchanged. And why they keep being "re-added" so they show up as a "new" listing every few weeks. What's the deal? Why not just lower the price? These are 2 bedders on for around £1250 a month. I'm paying £975. If they were a similar price then I would look at them seriously.
  9. And ultimately who's at the end of the chain to pay for all this underhanded leeching? Tenants.
  10. We did refuse to issue an invoice amount other than the amount actually charged. We got told several times this was their policy and they wouldn't pay without the inflated invoice. We refused. They paid up. They haven't used us since. We are lucky work is always busy so we can afford to knock dishonest firms like this on the head.
  11. Some good replies here. My company uses an online accounting system which generates PDF's that get sent via email or posted. I can't and won't go faffing around with a word document but I can see how that would be one way around it. It is a difficult situation to be in. Not for this particular landlord as they only have a couple BTL which won't affect us financially. But we do have some that would be difficult to fill. These include multiple estate agents (some actually ask to make the invoice for more than the actual amount - fraud towards their client), housing associations and large BTL
  12. If she calls to say the address is wrong and wants it with the BTL address - I may tell her I called the HMRC business advice line to query how to enter this in my accounts - and they told me it's fraud and took all her details. Although that would be possibly be a bit of a cruel wind up!
  13. Makes sense now. So from April she has to actually show proper receipts to claim the tax relief on the BTL. So she's having work done on her own house and hoping to claim it against the BTL. Naughty! In that case I will just send the receipt stating the actual work address.
  14. Today I had to invoice a client for some work done on her house. When I spoke to her - she asked if I could make the invoice out in the address of her BTL property which is around the corner, and to date it with next week's date to ensure it goes in the next tax year. When I queried this - she said they have to produce actual receipts from now on and something about 10%. I wasn't paying attention as she had a rather exceptional chassis. But what was this? What's the 10%? Should I refuse to make the receipt out for a property other than the one we worked at? This is where it gets difficult
  15. I got called to a job today. Turns out it was a BTL property. Landlord met me there. Nice enough guy at face value. Tenants report TV not working.... I worked my way through the system sorting the bodges one by one, but ultimately the TV signal was a bit pants and needed more than a quick once over. Signal was almost OK for standard Freeview reception, but with occasional loss of service. High definition Freeview nowhere near reliable. I discuss with landlord the options....recommending he upgrade a few bits to make everything work flawlessly. He goes on to tell me how much he enjoys Freevie
  16. https://www.streetlife.com/conversation/2ev2o56yf8abc/#comment-2 This thread got emailed to me earlier. I think you need to sign up to comment. But if proof were needed as to whether killing BTL is a vote winner, look no further. I quite enjoyed the irony the woman who's bought a BTL by mortgaging herself to the hilt (hoping crossrail will inflate the price) whilst also complaining her son cannot afford to buy a place of his own.
  17. 38 now. Never owned my own house. Renting the cheapest place I can find. Still over £1000 a month for a 2 bed craphole. I've completely given up on owning anywhere. Even the place I'm renting would cost £330,000 ish to buy. Can't relocate as I'm a single dad, and my daughter's mum won't move. One of my biggest annoyances is how the previous generations think we can't afford houses because we have a tablet. Or eat out once in a while. My dad managed to buy a house in Fulham aged 24 on a single average council wage. And my grandmother & grandfather bought a 4 story house in Putney near the T
  18. Can't believe some people. Some guy just rang in to say don't punish the landlords because they provide BTL properties keeping rents down, and if they are hit too hard then they will sell & cause a big lack of rental properties. What the actual F. The BTL phenomenon has caused rents to increase massively. The the point today where they are trying to squeeze hard working families for £1400+ a month for a pokey flat... And the properties don't suddenly dissapear when landlords sell up. It's unbelievable how they are so deluded.
  19. Perhaps his brows got so black - they formed a collapsed sun which he got sucked into.
  20. Hi all. Quick few questions for those in the know. I moved into a new rented flat in January. It was advertised with off street parking which I value as quite important. What I didn't spot during the viewing though, is that there is no dropped kerb in front of the driveway. It turns out that everyone parks directly in front of the drive meaning you can't actually use the space, and have to park out on the street. I've tried talking to the neighbours etc but there are a few persistent offenders who seem to park there deliberately because it's a legal parking space. My fault for not spotting it
  21. No. If you don't understand, I've explained it in much simpler terms below. It is risky being self employed. Very risky. Even in the very beginning you have to take a HUGE risk, borrow lots of money, set yourself up in business and do your best to keep afloat. It's risky taking on bigger jobs, because you know if you don't get paid, you will go under. It's risky because some sources of reliable regular work might suddenly decide they need to cut back and this can leave you in the &%$£. It's risky because your knees could pack up, or god forbid your back. It's risky running any kind of b
  22. Perhaps it was your derisory attitude towards the tradesmen that resulted in them being the way they were. To be honest you sound like the type of customer most tradesmen would want to avoid working for, hence charging a higher price because if they end up getting the job, they know you're going to be a pain and want to be well compensated. If you don't like the prices, you're more than welcome to shop around & get more quotes. It's a free market after all isn't it. If you "need" a specialist trade because you don't have the skills to do it yourself, then you have to pay the market rate,
  23. Wonder how long he will be SADDLED with that debt then?
  24. Why can't you just "except" the fact that a quarter of a million pounds for a paper thin walled new build is still far too high.
  25. I think you'll find the 7 million referred to the 3 ballot papers (assembly etc), not just the mayoral ballot paper.
  • 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.