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TheCountOfNowhere

I(diots) have to pay £15,000 extra stamp duty

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"

Thousands of young people who bought buy-to-lets as a way of getting on to the property ladder are discovering they must pay tens of thousands of pounds in additional stamp duty when they come to buy a home for themselves.

"

http://www.telegraph.co.uk/personal-banking/mortgages/saved-planned-now-have-pay-15000-extra-stamp-duty/

 

"A two-bed flat in Finsbury Park, where she is looking with a friend, will cost around £500,000"

 

:rolleyes:

Are you people really this thick ?

 

 

Edited by TheCountOfNowhere

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9 minutes ago, TheCountOfNowhere said:

How the **** does a teacher buy a 500K flat in a collapsing marlet ?

 

#LiarLoans ?

It's called Mark to Market accounting, seeing as she'll probably make deputy head in about 5 years and then into the local education authority a few years later and that's where the big bucks start rolling in. 

Except, if you have to ask who the mark is, it's probably you.

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22 minutes ago, TheCountOfNowhere said:

How the **** does a teacher buy a 500K flat in a collapsing marlet ?

 

#LiarLoans ?

Mum and dad + banks love public servants

Long term employment, salary scales and a pension.

Next door to me its all 500k+ houses with labour banners.

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That is how insane our housing market has got to, when someone can afford to purchase a buy to let to let out but has not enough working income to buy a place to live in.....buy your buy to let rent it out and have to stay living with parents or on friends sofa.;)

 

Edit to say; what is the answer? sell the poky BTL you would not like to live in but expect others to live in....or live in it yourself......at least on the only rung of the housing ladder......something very many, very many more can only dream of.......still people with needs money can easily be made from.

 

Edited by winkie

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UK middle class expectation is to own your own someone else's home.

Conversation at work between two colleagues went like this yesterday...

A - "I am moving and have just sold at double what I paid for it five years ago" (look of satisfaction on face)

B -"don't tell me that I rent"

A -"i have friends that rent but they also own a house they rent out...they wanted the flexibility of renting"  (no explanation why needed to own BTL)

I sat quietly sinking into despair...and hoping this all corrects/crashes before I go mad.

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accidental landlord.

they accidentally tookout a massive loan on a carp wage. 

i thought you could not BTL unless you owned already ?

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Just now, Si1 said:

WHAT IS IT WITH TEACHERS AND PROPERDIE. F#CK ME.

Perhaps their teachers pay and pensions are so poor they need a back up plan, they are educated you know?;)

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35 minutes ago, winkie said:

Edit to say; what is the answer? sell the poky BTL you would not like to live in but expect others to live in....or live in it yourself......at least on the only rung of the housing ladder......something very many, very many more can only dream of.......still people with needs money can easily be made from.

 

You might have missed this comment:

 

"Miss Fernandez bought the property and spent £20,000 and a year renovating it. She suspects she would lose money if she sold it now"

 

And for a 2nd time.

 

:lol: :lol: :lol: :lol: :lol: :lol: :lol: 

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5 minutes ago, TheCountOfNowhere said:

You might have missed this comment:

 

"Miss Fernandez bought the property and spent £20,000 and a year renovating it. She suspects she would lose money if she sold it now"

 

And for a 2nd time.

 

:lol: :lol: :lol: :lol: :lol: :lol: :lol: 

David Cameron would have seen this as an injustice and proposed measures to bail out her loss. Citing 'doing the right thing' or similar.

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6 minutes ago, Si1 said:

David Cameron Westminster MPS up to their necks in the pwopatee pyramiad would have seen this as an injustice and proposed measures to bail out her loss. Citing 'doing the right thing' or similar.

 

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The second one is even worse:

Quote

“Accidental landlords” like Miss Fernandez or 26-year-old Claire Williams, from west London (left), have been caught out by this. Miss Williams never meant to become a landlord but got caught out when she bought a house without realising it had “tenants in situ”.

She went through with the transaction, only to discover when she bought her main home shortly afterwards that the higher rates would apply

Just...how:lol:

How is someone that incompetent going to deal with a gas safety certificate or a tax return? 

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25 minutes ago, Darby Ram said:

The second one is even worse:

Just...how:lol:

How is someone that incompetent going to deal with a gas safety certificate or a tax return? 

Accidental Landlord...it sounds like she made the conscience decision to buy an investment pwopatee.


Deserves everything she gets

Edited by TheCountOfNowhere

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45 minutes ago, Darby Ram said:

The second one is even worse:

Just...how:lol:

How is someone that incompetent going to deal with a gas safety certificate or a tax return? 

Why would you go through with such an expensive transaction, without even looking into the implications of things not being as you expected!?

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27 minutes ago, Inoperational Bumblebee said:

Why would you go through with such an expensive transaction, without even looking into the implications of things not being as you expected!?

Because teachers are clever.

 

Richest people in the UK are ex-teachers, you know who I mean :lol:

 

Teachers know best.

 

My experience of teachers is, they have never grown up, they have always been in the school system and live on planet la la, they have little interpersonal skills and expect people do just believe everything they say.  

 

 

 

Edited by TheCountOfNowhere

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26-year-old Claire Williams, from west London (left), have been caught out by this. Miss Williams never meant to become a landlord but got caught out when she bought a house without realising it had “tenants in situ"

how do you go through the process of viewing a house, discussing with the Estate Agent about the house, making an offer, getting the offer accepted, instructing your bank and solicitor, them going through all sorts of paperwork and at no point did anyone realise it was rented out? How?

 

the story is total bullsh!t

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Aren't these the people who have contributed to HPI?

In my observation consumerism instinct is so strong in some people that they would buy at any price. And then there are others who preach that you can't go wrong with property. 

 

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15 minutes ago, Monkey said:

 

 

how do you go through the process of viewing a house IN AN AREA YOU HAVE NO INTENTION OF LIVING IN NOR HAVE EVER LIVED, discussing with the Estate Agent about the house, making an offer, getting the offer accepted, instructing your bank and solicitor, them going through all sorts of paperwork and at no point did anyone realise it was rented out? How?

 

the story is total bullsh!t

 

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5 minutes ago, Fairyland said:

Aren't these the people who have contributed to HPI?

 

For sure, they are some of the loons buying shire houses at double what trhe shire buyer could afford.

They deserve to loose it all.

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1 hour ago, Monkey said:

 

 

how do you go through the process of viewing a house, discussing with the Estate Agent about the house, making an offer, getting the offer accepted, instructing your bank and solicitor, them going through all sorts of paperwork and at no point did anyone realise it was rented out? How?

 

the story is total bullsh!t

I agree. It's just a sob story about stamp duty surcharge affecting normal hard working families. Actually, this is just the sort of person it should affect. As a deterrence. 

Edited by ingermany

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