NOPE! I wouldnt recommend it to anyone.Originally Posted by Yevrah
NOPE! I wouldnt recommend it to anyone.
I'm a twit
Better than my Backstroke.
By debt free I think they mean personal/unsecured debt, rather than mortgage debt, at least in the homeowners' cases.
Got 8k sitting in the current account.
Correct.
Lol at having to save £70k for a deposit (not including Stamp, Legal and other crap fees) to buy a house in London.
Not that it makes a huge difference but you wont pay stamp duty on your first property.
You could look at moving out of London for a couple of years and moving back once you have a bit of equity.
Almost the same. It makes me want to consider putting it into more savings but the Covid interest rates are horrifying.Got 8k sitting in the current account.
Eh?
https://www.gov.uk/government/public...0SDLT%20return.
General description of the measure
From 22 November 2017 first time buyers paying £300,000 or less for a residential property will pay no Stamp Duty Land Tax (SDLT).
First time buyers paying between £300,000 and £500,000 will pay SDLT at 5% on the amount of the purchase price in excess of £300,000, a reduction of £5,000 compared to the amount of SDLT they would have previously paid.
A first time buyer is defined as an individual or individuals who have never owned an interest in a residential property in the United Kingdom or anywhere else in the world and who intends to occupy the property as their main residence.
First time buyers purchasing property for more than £500,000 will not be entitled to any relief and will pay SDLT at the normal rates.
The relief must be claimed in an SDLT return.
Relax and it will come.
By all means talk about your personal situation but don't specify your bank balance, you gyppos
I thought the cap in London was much higher. That's really shitty.
I know things like Help to Buy are a lot different in London, assumed it would be similar for Stamp Duty.
Weve more than that saved (while paying around 2k a month rent) and still wouldnt have a hope of even getting a house in the backwaters of the midlands.
Nah it's the same crap.
Look at this : https://www.rightmove.co.uk/property...ed-houses.html
What are you supposed to do other than not live here?
Do your mortgage options go off a bit of a cliff after you reach a certain, ahem, age? @Giggles
Wanting a house in Islington, especially the north of the Essex Road bit I suspect you and The Merse haunt is a bit lolworthy, unless you're Jimmy 'Canonbury Square Tax Haven' Carr.
I wanted to buy a new build on Colebrooke Row years ago, had a bank almost all lined up to lend me the money and the wife bricked it because of the (in her eyes) fairly eye-watering price. It's probably worth about five times what we would have paid now.
Last edited by niko_cee; 03-06-2020 at 10:22 AM.
They work around it to a certain extent by asking when you plan to retire, but obviously there has to be some kind of limit to it. They can't have 60 year olds on 35 year terms.
Wanting a home and realistically thinking I'm getting one are two different things.
I'd rather move out of London than be able to buy a house in Canning Town or West Ham.
Without help to buy and shared ownership I would literally never have owned property, unless I either a) moved to Middlesbrough, or b) committed to the wardrobe and married an heiress.
I would say move offshore, but our house prices are almost at London levels, and we're binning off mortgage interest relief.
In N1 you're looking at the best part of half-a-million for a 1 bed flat I would think, which is beyond bonkers but hey ho.
The surrounding culture and gash is worth double so you should reflect on thatquite deeply.
Yep agree. I think there isn't even much of a jump between wanting a 1 or 2 either (550 to 650-700) so you may as well wait.
Or you go ex-council and you're paying 400-450k for a flat that looks like filth on the outside.
The biggest problem these days has been the virus giving banks an excuse to require your deposit to be around 50% of the value, which isnt doable for most.
They got so wrapped up in trying to get people to buy during the boom that their natural reaction when things went tits up became to do everything they can to stop you buying one, and thats continued since.
My sister is reasonably young and is in the same boat despite having nearly 100k saved. Shes paying 1600 a month rent while two of her friends are paying 600 a month each for a mortgage because they were set up during the enabling period.
Last edited by Giggles; 03-06-2020 at 10:34 AM.
My entire family is from Highgate. It's fine, but £600k for a shoebox there or anywhere is Mr Greenable.The surrounding culture and gash is worth double so you should reflect on that
Sometimes I think I want to move back to London and then stuff like this reminds me why I don't.
I can walk to London and even I don't want to move back there.
I've just watched last nights Panorama about the American response to Coronavirus. It had a Pro-Trump woman (possibly the worst demographic in the world) reminiscing about her mum hosting Chickenpox parties and thinking about loud about having Coronavirus versions of the same.
'That's it Max, cough in Millie's mouth. Good Jaaab!'
You know when Trump said he would get Mexico to pay for the wall? Do you think this is all part of it?
https://www.bbc.co.uk/news/world-europe-52903717
Who'd have thought it. Another possible victory for the logical over the scientific advisers.
Monbiot's column in the Guardian today.
Britain's claims to being a functioning democracy are only skin deep
Johnson a mess at the PMQs once again.
Not sure, I haven't had a TV licence for years so I must have downloaded it or found it on YouTube. I'll have a look this evening.
I found at least 2 episodes it on Daily Motion, so I'll give it a watch on there.
His older stuff with an actual point is better. The last few have all been a bit my Tony Blair theory put to music.
'Meanwhile, working in broadcasting, the grandson of a 1930s London County Council leader...'
*footage of Peter Mandelson holding a focus group*
*footage of the Montego being unveiled*
More I see of Starmer more I rate him. Haven't seen anything of his policies or actual principles but the logical and reasoned way in which he tackles debates is the mark of an intelligent man unaffected by hidden agendas and bias and if you got that, I'd be pretty confident his own policies and decisions will be the right ones. Cracking stuff.
He could easily be mistaken for a Tory.
I'm a twit
He's a lawyer, with all the good and bad that that entails.
I'm loving his clinical nature. Ask a question, watch Johnson fluster, hit him with another fact based question.
I find him very dry, but that's absolutely a good thing.
He's such a contrast from Boris. Sure of himself and no flustering about.
Boris making it clear that the young will bare the brunt of unemployment. Nice one Bozza. Keep the least vulnerable stuck at home unemployed and the most vulnerable at work.
I've always wondered, if they're banging the drum about wanting more people to take advantage of testing, why don't they turn up at workplaces and do it on site?
Don't the young pretty much always take the brunt of whatever unemployment there is? Except perhaps in some kind of throwback society where their physical suppleness is valued over experience and know-how.
I live in Leyland in a large 3 bed semi I got for £130k 18 months ago. Yeah, Leyland isn't amazing but it's half an hour's travel from the major cities of the north and your money goes a lot further on houses here. My brother in law got a £250k 3 bed in Caldicot that was half the size of this, if he wasn't allergic the north he could've got a 5 bed detached if he shopped around.
Half an hour? Get fucked.
Maybe he means Wigan and Blackpool.
The bright lights of Preston stand alone.
43 minutes if you're driving all the way to Piccadilly station from my house according to google maps. Obviously peak time is hell but when I was commuting I was travelling free on the trains before peak, again 45 mins each way. Used to be quicker but they changed the express service to not call at Leyland. Longer to Liverpool but who wants to go there anyway?Half an hour? Get fucked.
https://www.bbc.co.uk/news/uk-england-tyne-52911605
Rofl.
I do hope the family haven't broken any rules.
Lol at some of the protests in London. The Aussie broadcasters getting their camera stolen live on air
Edit: wrong ‘fred
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