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Everything posted by Timbuk3

  1. I expect it is either to force people to sit at Costa (and have to buy something from them) or they want to run down the site and then knock it down and redevelop it. Or both.
  2. How do they judge what is a 'fair' or an 'unfair' ground rent ? The owners will still be charged a ground rent at whatever rate the companies can get passed the regulators.
  3. HMRC issues new guidance to bleating Estate Agents about their chains. All along they could have requested an expedited service - who knew!! https://www.estateagenttoday.co.uk/breaking-news/2021/6/urgent-land-registry-advice-to-agents-in-stamp-duty-stampede
  4. When they bring out the dancing dwarves you know the end is near.
  5. From what I am seeing I would agree with you. My other half who works in hospitality has 4 or 5 job offers at the moment. she quit the job where she was furloughed since October and then took one with a 15% pay rise. Just one word covers that - INFLATION..
  6. Could someone rent via Airbnb and then refuse to move out? Is it classed as commercial property and therefore not illegal to squat it?
  7. Isn't that where they were setting fire to cars and then rolling them down the hill - for a laff.
  8. https://www.yourmoney.com/mortgages/housing-issues-surge-as-end-of-the-eviction-ban-nears/ Buy To Let Housing issues surge as end of the eviction ban nears 0 Written by: Emma Lunn 27/05/2021 The ban on most bailiff-enforced evictions in England comes to an end on 31 May, while the notice period landlords need to give their tenants will be reduced from six to four months. The imminent end of the eviction ban means increasing numbers of private tenants are turning to Citizens Advice for help. The charity’s online housing advice has been viewed more than 2 million times in the first four months of the year. Citizens Advice data shows that in January to April 2021 there has been a 17% increase in people with eviction issues compared to the same period in 2020. There has also been a 36% increase in the number of people seeking help with all types of problem in the private rented sector (31,700 in January to April 2021 vs 23,400 people in January to April 2020). Polling conducted by ICM Unlimited for Citizens Advice also shows that, in the UK, almost one in 10 (8%) private renters are behind on their rent. This equates to more than 350,000 tenants across the country. The poll also found that the average amount of arrears owed has risen by 24% in the past few months from £730 in November 2020 to £907 in April 2021. Meanwhile, research by Generation Rent has estimated that ‘unfair’ evictions cost local councils £161m a year. Can tenants be evicted in June? It was announced in March that tenants couldn’t be removed from their homes by bailiffs until 31 May at the earliest. The requirement for landlords to provide six-month notice periods to tenants before they evict was also extended until at least 31 May. It was previously due to end on 31 March. The rules change from 1 June but it doesn’t mean that tenants can be evicted immediately. For most tenants, only those at the end of a long legal process will face imminent eviction. Then there is still 14 days’ notice before the final stage, which is the bailiffs attending. A landlord who carries out or threatens an eviction without following this process is likely to be committing a criminal offence. So, what should tenants do if they are issued with a notice seeking possession by their landlord? Amy Hughes, Citizens Advice’s senior housing expert, says the first thing is to get some advice about whether the notice is valid, or any help that might be available. She said: “A landlord notice is step one – it doesn’t mean an eviction can go ahead. If the landlord doesn’t follow the process to the letter of the law tenants may be able to successfully fight an eviction. If that’s not possible, a court may make an order for possession. “Only when the date set for possession by the court has passed, can the landlord apply for bailiffs to carry out an eviction. This stage is also an opportunity for both sides to sort out their differences.” There were some circumstances in which evictions were allowed to take place while the ban was in place – including more than six months of rent arrears. But if you are being evicted due to one of these reasons, you will still get 14 days’ notice. Hughes said: “Once again, seek advice. In some cases the local council will have a duty to provide alternative accommodation. Citizens Advice and other housing charities can also help people find an alternative place to live, or even delay the eviction at this late stage.” Citizens Advice is calling on the government to provide a package of financial support, delivered through grants and government-backed loans, for renters in England facing arrears due to the economic effects of the pandemic. A group of MPs has also called for the same action, while renters campaign group Generation Rent has called for a Covid Rent Debt Fund to clear arrears built up in the pandemic. Dame Clare Moriarty, chief executive of Citizens Advice, said: “Next week, the sticking plaster applied to the English private rented sector during the pandemic will be ripped off. Ending the eviction ban puts thousands of renters at risk of losing their home. The government should put in place a system of grants and government-backed loans for renters in England who are still financially struggling because of Covid-19. “The lack of security renters in England will face from Monday is a symptom of a longer term problem where tenants can be evicted without cause. The government has committed to ending no-fault evictions and it’s vital this is urgently enshrined in law in their forthcoming reforms to the private rented sector.”
  9. Even 'Housebarassment' Phil thinks that the market is going to tank again - but this time it's the Government's fault. Is the Help to Buy scheme worth it? Property expert Phil Spencer reveals his thoughts Sharnaz Shahid Wed, 26 May 2021, 8:14 am The Help to Buy equity loan scheme has helped over thousands of homebuyers buy a house ever since its launch in 2013. And earlier this year, first-time buyers in England were able to purchase a home under the new version of the Help to Buy equity loan scheme. The scheme, which is set to run until the end of 2023, will now be limited to people buying their first homes - unlike the previous ones. So what is the Help to Buy scheme? The scheme gives buyers improve their chances of securing a mortgage and getting on the property ladder with a smaller deposit. READ: When should I buy a house? Phil Spencer reveals advice for first-time buyers WATCH: Celebrity homes before and after fame revealed Is the help to buy scheme worth it? However, this method has some drawbacks too - well, according to property expert Phil Spencer, who has described the scheme as like "pouring fuel on the fire". Exclusive: Phil Spencer reveals how to tackle working from home in the long run READ: Phil Spencer's ultimate tips and guide to renting for students Speaking exclusively to HELLO!, the Location, Location, Location host explained: "It's a difficult one, isn't it? Because anything that helps first-time buyers has to be applauded. I like that, great, well done! "But it is like pouring fuel on the fire because more people will buy and borrow more money; and house prices consequently will rise. So that has to be a concern." phil-spencer-posing Phil Spencer shares his thoughts on the Help to Buy scheme The Help to Buy equity loan scheme allows first-time buyers and home movers to purchase a new-build home with a 5% deposit. With the effects of the coronavirus pandemic and Brexit, there are now several new factors home buyers will have to consider when purchasing a property this year. MORE: 26 best living room accessories to brighten up your mood READ: 9 genius ways to decorate your rental home on a budget "The other things I can't quite settle in my mind are that we got into the financial crisis in 2008 and the subprime lending," continued Phil. "We got into that situation or the bank's got us into that situation because they were lending money to people that they perhaps shouldn't have been lending money to." houses-sale The housing market is exceptionally busy right now Even though the TV star applauds the government's efforts, there are still a few concerns. He said: "As much as I completely celebrate things that help people get onto the housing market, because I think it's a great thing to do for a myriad of different reasons, I have a concern if the government - and therefore us as the state - are underwriting 95% mortgages to people that perhaps couldn't afford them. "Is the whole thing going to happen again? This time it's the state - our government as the treasury (we the taxpayers) - who is lending money in situations where banks themselves aren't prepared to do anymore."
  10. He knows their weak spots. I wonder if they have wargamed a run on the pound, like Labour did an got pilloried for doing so in the Right wing press. I bet they haven't got a plan for that happening either.
  11. Agree, it is a bit like this in Westminster now https://www.independent.co.uk/news/world/australasia/australia-mouse-plague-bed-biting-b1854070.html
  12. Yep, by the same central banks buying back shorter dated bonds.
  13. In theory they do, but really it's the bond markets that set the interest rates. If BOE can't borrow at a low rate, they have to increase the rate they pay in order to attract lenders. If lenders don't lend at 1% and are asking 3% then the BOE will have to recoup that difference from the organisations that lend from them i.e. the clearing banks, and they in turn will ask more from their lenders - and so the rate gets passed on to everyone.
  14. Inflation in 2020 was 0.77% so that undershot their 2% target, that's why the BOE will let it run higher this year. Until it gets out of hand that is....
  15. I think the BOE will let inflation run at this level for a while at least, to catch up after undershooting their 2% remit for a year. Also losing 5% of the value of the national debt will not harm Rishi's plans. If it continues though then I'd expect rates to start climbing later in the year.
  16. There are no good banks. Most of them would have gone bust due to inter-bank lending, all of them would have lost money. Some might have been able to re-capitalise by tapping shareholders but without government / central bank bailouts there would be so few left that there would be a virtual monopoly operating.
  17. Farmers still need to sell their produce, a way around it would have been found. Always has been throughout history.
  18. Depends on how close - could get you HR on the phone. Personally I work better at home.
  19. That weekend my boss told me to keep my phone switched on as he expected Societe Generale (AIG's clearing bank) and Morgan Stanley to also go bust. But the Fed stepped in and saved them. If the Fed hadn't done that then pretty much all Western banks would have also gone bust due to contagion within the banking system. Life would have carried on, as it always does, but it would look very different now, probably no big asset bubbles like we now have.
  20. Clearly he has some sort of mental illness. A house price mania. Even if he does get it finished he still has to sell at the right price to get the money back to clear his borrowings. He'll probably end up with about £20.
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