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Antsy

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Everything posted by Antsy

  1. All those divorced people desperately selling up their 3 and 4 bed homes to part fund two 'luxury' hutches? I look forward to snapping up a bargain...
  2. oh - it's worse than that. The place he lives in is a HA rental and he DID own the one we lived in, but his girlfriend 'bought' it 3/4 of the way through our tenancy (found this out after we moved). So we can't get an order on the proceeds from it. Don't worry - after I have my money I fully intend to set the inland revenue on him and his dodgy lady. Must be a lot of capital gains tax owing, not to mention income tax on the rent?
  3. think it was a forthwith judgement... I already have an enforcement order and also a warrant out for him to attend court for questioning about his finances. All this was applied for while I was doing teacher training so we didn't have to pay fees owing to low income. But getting the balliff to be able to serve the orders is the problem owing to the lack of address. He doesn't own the home according to the land reg - only the HA is named.
  4. Our ex landlord has basically done a runner with our deposit. We have a county court judgemeent against him, but as anyone who has followed this route knows, actually getting hold of the money is the hard bit. Despite being a landlord he is currently living in a housing asssociation home (grr), but has managed to put the baliff off on the occasion he was visited. I've now found out he is being re-homed as the block is being redeveloped. Anyone have any idea how to get a forwarding address for him? I'm not a stalker - I'd just like the £600 I'm owed back!! Especially from someone who has managed to grab a flat that would otherwise have gone to someone deserving, not a greedy man with properties all over London who sstill feels he has a right to my money as well as his ill-gotten BTL ...
  5. Sounds lovely in theory but try getting a court order enforced... not very easy if your old landlord is the devious type and could cost you a fortune. The law is still seriously lacking untila 3rd party becomes the deposit holder. (Not that I am at all bitter at being owed £600 for the last 18 months or anything - the last contact with the old landlord was when he opened the door to the baliff and pretended to be someone else, saying that he was away until next year. The baliff accepted this and trundled off, cancelling his court appearance. *Sigh*)
  6. Many thanks for all of these - was it at the same auction, do you plan to go again, and how many houses sold for more than before? Given the examples you have posted I can now enjoy my Christmas!
  7. Loving the open plan kitchen/lounge. So, the kitchen sits like a carbuncle in the corner, then. if they can sell that, they an sell anything. Reminds me of one that was on in Sydenham recently (also halfway up a tower) where the EA billed it as 'benefits from toilet'. Well, beats weeing out of the window, I suppose...
  8. Agreed - the loan deal is slightly tempting as if we got the full 50k loan we could buy something similar to what we currently rent, but for about £125 less per month (repayment mortgage, of course). However, if I remember to take the cost of buying into account, suddenly our saving isn't looking so hot, especially since we'd be looking to move in 3 years. With shared ownership, we'd be able to get a 3 bed not a 2 and so stay there indefinitely. However, the situation isn't much different to yours in terms of choice - whoever plans keyworker or shared ownership housing seems to believe that we are too poor to have kids and so only builds studios and one bed Noddy boxes.
  9. well done. I'm not exactly tempted, either. The shared ownership houses seem overpriced and the idea of being liable for 100 per cent of the repairs and upkeep while only owning half a house seems plain wrong to me. I'm in London (and not exaclty a sparkling bit) but even with a 50k interest free loan we couldn't afford a place of the size we need - we'd have grown out of it in 2-3 years (could only get a 2 bed as they only let you get a mortgage of 3x income plus the loan, despite the fact the repayments would be way lower on that than on our current rent. We have two kids of different sexes so need the sort of 3 bed terrace that would have been affordable to us had we been on current salaries back in 2001) and I really don't think prices will remain at the current level. Being in the position of forced seller in 2009 is NOT looking attractive...
  10. However happy you are renting, it doesn't change the fact that one day you will be a pensioner and it's therefore much better to be free of an outgoing that claims a big chunk of your monthly income (ie buy home, clear mortgage by 65 or whatever). We (wife, toddler, baby on way) are currently happy renting though want to buy for this reason alone. I'm a keyworker so could do shared ownership, but don't want to be lumbered with 100 per cent of the repair bill for a property that's only 50 per cent mine. At the moment the landlord does all the paying (especially valuable when the missus is on maternity leave / working part time and every penny is vital). We've been in the current rental for 1.5 years and it's a great size but suffers horribly from condensation - walls are starting to go mouldy. If we'd bought it we'd be sick as pigs about this. And the road outside is busier than we'd thought (both cats have been hit by cars since moving in, costing Tesco insurance over £1500 - not bad for a tenner a month, either). Again, if we'd bought we'd be stuck with trying to find a buyer before we could get out. Insted, we can just give notice in May and clear off to a quieter, drier location. Without paying thousands in stamp duty, either. Since moving in the service charge has doubled. Not that we care...
  11. Managing a budget of a million, plus workers and planning the operation of what is basically comparable to the working of a medium to large sized industrial unit (can be over 1000 pupils)... bit of a bargain for 90k, I'd say. You wouldn't get someone to do it for that in the private sector. Anyway, the important word there is CAN - the figure you mention is top whack for those working in very difficult LONDON secondary schools. Most heads are on about 45-50k, bit less outside the capital. That's why it's so hard for schools to fill vacancies. Now, civil servants... they don't deserve as much as they get as their job isn't even strenuous. Working in a school or as a nurse (lots of lifting and bending) is like blue collar factory work. By the time you are 60 you are physically knackered out.
  12. It's true - but then again I only became a teacher at 30 so I have a private fund from before this. Only paid in because my employer put a bit in, too. The wife also has a private stakeholder plan so we're fairly well exposed to the stock market... Not sure I could cope with working till 65 - have to physically restrain kids on a regular basis, not to mention standing up all day and bending down over kiddie sized tables. it's okay if you're a pen pusher in the Civil Service - teaching gym to a bunch of 8 year olds is another matter entirely.
  13. Well, I have a public sector pension being a teacher, but it won't exactly let me live a life of luxury (despite what the tabloids will have you believe). May be just about okay as long as I can pay off any mortgage I might have by the time I retire. But I'm starting a stakeholder plan soon for my 20 month old boy. i'll go for the minimum contribution of £20 per month but even this means he shouldn't have to put in about 15 per cent of his salary to get a breadline pot once he starts working - it should have grown decently, barring another Equitable Life. After paying out for all the retirees he'll be supporting once he's of age, I'd be surprised if he had two pence to rub together after tax...
  14. you pay back a percentage. so you would pay back less than the amount of the 'gift'.
  15. We're about to do just this. Fiat Punto 2-3 years old and around 3.5-4k. Who needs performance when you can only get to about 30mph max in London, anyway? What sort of 3k car did you have in mind?
  16. One to make you smile - apologies if anyone else has posted this. http://www.timesonline.co.uk/article/0,,2-1809942,00.html
  17. Had to go to Croydon county court this morning to sign an affadavit (trying to get deposit off ex-landlord circa June 2004, got county court judgement but it's worth bugger all and so have ordered him to go to court to disclose his financial situation...blah blah). Anyway, man next to me in the queue was petitioning for bankruptcy. 'I owe about 70k' he said (gulp). "What about any mortgage?' said the clerk. 'Oh - didn't think that counted' he said. 'Join the list then sit and wait but it might be some time - they're snowed under' said she in bored voice, handing him a sheet with about 20 names on it to sign. Oh dear.
  18. Quite so. Also, you are limited to a mortgage of 3 times joint earnings, so FTBs with no kids are about all it can work for. If you are part of a couple with one working part time (as in our case) and joint earnings therefore of just under 37k, 3 times this plus 50k does not buy you anything with more than 2 beds - if you are lucky. Forget something needing modernisation as it can't have more than 3k of work needing to be done. And any work you do to the house has to be given written permission by the keyworker people. Great offer, isn't it?
  19. I have up to 150% of our combined salary, or 200% of mine (but it's in the shape of a Keyworker equity loan, so it doesn't count. In actual cash, it's 8k, or 5% of the 160k I'd be prepared to spend on a slightly scabby 3 bed terrace in a slightly scabby outlying area of SE London (current price 190k and up)
  20. Had someone come round to the school to push Keyworker housing yesterday. Just look at this beauty to rent. Don't suppose I'd like looking out on the heart of Camberwell every day, which is just as well as they seem to have forgotten to put in any windows. Less for the bullets to break, I suppose. http://www.inplace.co.uk/showproperty.asp?pid=325
  21. Was the single mum the last one they showed? That was the only bit I caught but she was very irritating. Skulking off to throw herself on the mercy of the council and moaning because she didn't come out of the meeting with the offer of a home but just an offer for them to pay her rent if she found somewhere via a private landlord. She was moaning about how she and her BOYFRIEND would find it hard looking for a home to rent with two kids in tow. Well, here's news - either one of you stays home and babysits while the other gets driven round by an EA or each of you picks up one child each and takes them with you. Simple. She was carrying the baby in a car seat so presumably she owns a vehicle. Perhaps she was hoping that if she bent over the council would wipe her bottom for her at the same time. Useless madam.
  22. they have been there for years - think they were operating when I was there eons (well, 10 years) ago. Hopefully that means they will value their reputation. Glad you got a good response to your letter!
  23. Our landlord tried to do this with us last June (right at the peak). Luckily we knew all about the problems the flat had (confirmed by the survey) and pulled out. So... I think you can take it that either the landlord needs cash quickly or is trying to make the most of a sliding market. Either way, your friend is being smart by looking at the land reg prices and should now press for a discount because 1. Landlord is avoiding EA fees 2. Landlord is avoiding about 14 weeks of the property being on the market with (probably) no tenants and so income (check Hometrack report for how long the local house takes to sell). The good thing about buying the place would be that they know what is wrong with it - very important. No dodgy neighbours, sudden ddiscovery of wet rot or heating that doesn't work etc. But after 10 years I bet the boiler is a bit knackered? All things to take into consideration when getting another 10% off the price, I should say.
  24. They don't want to do it as they would have to budget for the cost but a future government would see all the benefits. It's the usual situation... Expect a few 'consultations' as they hope they can shift the cost to a future administration.
  25. It could in the future. Mrs A writes articles about this sort of thing (she is a journalist) - apparently the Environment Agency / Govt are currently thinking about when and where to build a second barrier as the existing one won't last that long. ideally it has to be far down near the mouth of the Thames for max protection but the longer it is the more billions it will cost. If it is only built part way down then the land and houses downstream would be sacrificed if it had to be closed for a big surge. Bear in mind that 3 pumping stations are all that stand between Thamesmead and soggy carpet at the moment and draw your own conclusions about whether it's a good idea to buy there, given global warming.
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