Buying a house (and renting)

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BID0
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PostRe: Buying a house (and renting)
by BID0 » Fri Oct 05, 2018 1:56 pm

Green Gecko wrote:
pjbetman wrote:Come on dude, that is utter bollocks! Jeez, so the police are getting involved in civil cases now? Stop scaremongering Moggy.

A high court writ requiring eviction can be enforced by the police, there is no argument about it when and if it is served - you are thinking of debt collectors, which are essentially goons for hire. That is not the same as a high court enforcement officer, who are employed by the government afaik.

That is why I am implying the opposite, it seems unlikely they have the case to enforce that, but it is something they would want to pursue as a last resort, but is not always used as a last resort and is often done pre-emptively if the case exists. I don't think it does.

It's a valid awareness to get ahead of things like this because if someone is enough of a dickhead they will use the legal means available to them. You even get people sending out fake papers.

We never said to ignore police officers and court orders though :fp: we said don't pay thousands of pounds whenever someone sends you a letter asking for money.

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Corazon de Leon
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PostRe: Buying a house (and renting)
by Corazon de Leon » Fri Oct 05, 2018 2:01 pm

Damn Moggy, I have no advice to add but I hope this works out for you - that's really shitty.

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PostRe: Buying a house (and renting)
by Moggy » Fri Oct 05, 2018 5:10 pm

I sort of have a solicitor the case now. There wasn’t time today to do anything but he asked that I email all the documents to him and he’ll look them over on Monday morning and get back to me.

Looks like I’m fighting these banana splits. 8-)

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PostRe: Buying a house (and renting)
by Lagamorph » Fri Oct 05, 2018 5:20 pm

Good on you Moggy.

Management companies essentially rely on people paying blindly and never asking questions. As far as I know they're legally obligated to provide breakdowns of all charges when asked and can't just start slapping penalties on however they like, and have to be able to prove work was carried out.

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PostRe: Buying a house (and renting)
by That's not a growth » Fri Oct 05, 2018 5:49 pm

I've nothing to say except good luck moggy, strawberry floating horrendous situation. Hope once the docs are looked at on Monday you get some good news about your prospects with this.

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Green Gecko
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PostRe: Buying a house (and renting)
by Green Gecko » Fri Oct 05, 2018 11:55 pm

BID0 wrote:
Green Gecko wrote:
pjbetman wrote:Come on dude, that is utter bollocks! Jeez, so the police are getting involved in civil cases now? Stop scaremongering Moggy.

A high court writ requiring eviction can be enforced by the police, there is no argument about it when and if it is served - you are thinking of debt collectors, which are essentially goons for hire. That is not the same as a high court enforcement officer, who are employed by the government afaik.

That is why I am implying the opposite, it seems unlikely they have the case to enforce that, but it is something they would want to pursue as a last resort, but is not always used as a last resort and is often done pre-emptively if the case exists. I don't think it does.

It's a valid awareness to get ahead of things like this because if someone is enough of a dickhead they will use the legal means available to them. You even get people sending out fake papers.

We never said to ignore police officers and court orders though :fp: we said don't pay thousands of pounds whenever someone sends you a letter asking for money.

Alright sorry it wasn't really relevant.

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Drumstick
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PostRe: Buying a house (and renting)
by Drumstick » Mon Oct 08, 2018 8:12 am

Young people with deposits still cannot buy homes - http://www.bbc.co.uk/news/business-45776289

Onward, a think tank, has suggested that the government should give UK private renters a chance to buy their home by rewarding landlords who sell to long-term tenants.

It says buy-to-let properties should be eligible for 100% capital gains tax relief if sold to a sitting tenant who has lived there for three years.

Onward says the average gain per property would be £15,000, or £7,500 divided between the landlord and tenant.

The centre right think tank estimates 88,000 households would be eligible to take up the relief each year, costing the Treasury around £1.32bn a year.

An absolute nonsense idea that no landlord would ever take up.

Also "rewarding landlords", strawberry float off.

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PostRe: Buying a house (and renting)
by That's not a growth » Mon Oct 08, 2018 8:16 am

As someone who's considering buying my first place in less than 12 months my issue isn't with saving for a deposit (even though it's been a slow progress) it's that getting a decent mortgage on my wage is going to be the limiting factor. Especially since I'm single.

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PostRe: Buying a house (and renting)
by Sandy » Mon Oct 08, 2018 9:18 am

Drumstick wrote:Young people with deposits still cannot buy homes - http://www.bbc.co.uk/news/business-45776289

Onward, a think tank, has suggested that the government should give UK private renters a chance to buy their home by rewarding landlords who sell to long-term tenants.

It says buy-to-let properties should be eligible for 100% capital gains tax relief if sold to a sitting tenant who has lived there for three years.

Onward says the average gain per property would be £15,000, or £7,500 divided between the landlord and tenant.

The centre right think tank estimates 88,000 households would be eligible to take up the relief each year, costing the Treasury around £1.32bn a year.

An absolute nonsense idea that no landlord would ever take up.

Also "rewarding landlords", strawberry float off.


Surely I'd then just use the money I made from the sale of the house to buy a new house and repeat the process, meaning more and more money is transfered from the public purse to me as a private individual.

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PostRe: Buying a house (and renting)
by Moggy » Mon Oct 08, 2018 9:29 am

Sandy wrote:
Drumstick wrote:Young people with deposits still cannot buy homes - http://www.bbc.co.uk/news/business-45776289

Onward, a think tank, has suggested that the government should give UK private renters a chance to buy their home by rewarding landlords who sell to long-term tenants.

It says buy-to-let properties should be eligible for 100% capital gains tax relief if sold to a sitting tenant who has lived there for three years.

Onward says the average gain per property would be £15,000, or £7,500 divided between the landlord and tenant.

The centre right think tank estimates 88,000 households would be eligible to take up the relief each year, costing the Treasury around £1.32bn a year.

An absolute nonsense idea that no landlord would ever take up.

Also "rewarding landlords", strawberry float off.


Surely I'd then just use the money I made from the sale of the house to buy a new house and repeat the process, meaning more and more money is transfered from the public purse to me as a private individual.


The idea comes from a Tory think tank. It’s only going to benefit affluent people.

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PostRe: Buying a house (and renting)
by KK » Mon Oct 08, 2018 12:42 pm

Using the “compare rent affordability in your area with Britain as a whole” facility, the London average for a 2 bed is £1,450, or 64% of a 22-29 year old’s income. A 1 bed is £1,237, or 55% of average income.

£17,400 a year on rent. Silliness.

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PostRe: Buying a house (and renting)
by Preezy » Mon Oct 08, 2018 12:51 pm

The people next door to us pay £1,600 a month in rent (3 bed semi). Our mortgage is less than half that, it's crazy really but if that's the market rate, that's the market rate.

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PostRe: Buying a house (and renting)
by Jenuall » Mon Oct 08, 2018 12:57 pm

KK wrote:Using the “compare rent affordability in your area with Britain as a whole” facility, the London average for a 2 bed is £1,450, or 64% of a 22-29 year old’s income. A 1 bed is £1,237, or 55% of average income.

£17,400 a year on rent. Silliness.


They've got to be using pre-tax figures for those income comparisons I presume? I imagine that £1,450 is not far off 100% of an average take-home salary for someone in their 20s!

The housing situation is just completely strawberry floated up now. I know several people at work who are only about 10-15 years older than me but were able to buy 3/4-bed semis in their 20s for prices that would just be unthinkable now.

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PostRe: Buying a house (and renting)
by KK » Mon Oct 08, 2018 1:24 pm

London (and other parts of the U.K). is not on its own in this regard though. New York, San Francisco, places in Australia (yes, I’ve forgotten the specific cities)...all going through the same issues of sky high rents and very expensive living costs.

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PostRe: Buying a house (and renting)
by Jenuall » Mon Oct 08, 2018 1:47 pm

It's all just oligarchs in London now.

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Preezy
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PostRe: Buying a house (and renting)
by Preezy » Mon Oct 08, 2018 2:20 pm

Jenuall wrote:It's all just oligarchs in London now.

It's all travel bookshop owners living in blue-doored townhouses in Notting Hill, more like! :x

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PostRe: Buying a house (and renting)
by pjbetman » Mon Oct 08, 2018 4:47 pm

Sandy wrote:
Drumstick wrote:Young people with deposits still cannot buy homes - http://www.bbc.co.uk/news/business-45776289

Onward, a think tank, has suggested that the government should give UK private renters a chance to buy their home by rewarding landlords who sell to long-term tenants.

It says buy-to-let properties should be eligible for 100% capital gains tax relief if sold to a sitting tenant who has lived there for three years.

Onward says the average gain per property would be £15,000, or £7,500 divided between the landlord and tenant.

The centre right think tank estimates 88,000 households would be eligible to take up the relief each year, costing the Treasury around £1.32bn a year.

An absolute nonsense idea that no landlord would ever take up.

Also "rewarding landlords", strawberry float off.


Surely I'd then just use the money I made from the sale of the house to buy a new house and repeat the process, meaning more and more money is transfered from the public purse to me as a private individual.



Haha Brilliant!

I suppose the offer will only stand for a short ish period (less than 3 years)?

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PostRe: Buying a house (and renting)
by pjbetman » Mon Oct 08, 2018 4:50 pm

Jenuall wrote:
KK wrote:Using the “compare rent affordability in your area with Britain as a whole” facility, the London average for a 2 bed is £1,450, or 64% of a 22-29 year old’s income. A 1 bed is £1,237, or 55% of average income.

£17,400 a year on rent. Silliness.


They've got to be using pre-tax figures for those income comparisons I presume? I imagine that £1,450 is not far off 100% of an average take-home salary for someone in their 20s!

The housing situation is just completely strawberry floated up now. I know several people at work who are only about 10-15 years older than me but were able to buy 3/4-bed semis in their 20s for prices that would just be unthinkable now.


It's amazing that London still thrives, as it would seem that no one would have any money left after rent. Mind you 1450 split between 2 people isn't so bad.

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PostRe: Buying a house (and renting)
by Moggy » Mon Oct 08, 2018 5:17 pm

After emailing all the documents to a solicitor on Friday, I’ve been waiting for them to call. They ended up emailing me back to say they have nobody that can take the case at the moment and so advise I look at other firms.

FFS :fp:

Instead of wasting more days on solicitors, I called the property management company, ready for an angry shouting match. The guy there was actually reasonably pleasant, he said he hadn’t been there too long and if I could email him the documents he’d look into it. I told him that his company’s 14 day deadline was up Wednesday and he told me he’d put a note on the file and stop it progressing while he investigates.

I don’t quite believe him, I’ve had too many broken promises with his company, but I emailed him with a long email setting out my complaints and telling him I need more time to appoint legal support.

He’s emailed me back to say he notes my comments and will get back to me shortly.

At least I have the acknowledgment for once, usually they just ignore me.

I’ll give it a day or two and see if they say anything. If not, I’ll start looking at getting a solicitor that actually seems to want my case.

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Grumpy David
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PostRe: Buying a house (and renting)
by Grumpy David » Mon Oct 08, 2018 5:22 pm

Moggy wrote:
Sandy wrote:
Drumstick wrote:Young people with deposits still cannot buy homes - http://www.bbc.co.uk/news/business-45776289

Onward, a think tank, has suggested that the government should give UK private renters a chance to buy their home by rewarding landlords who sell to long-term tenants.

It says buy-to-let properties should be eligible for 100% capital gains tax relief if sold to a sitting tenant who has lived there for three years.

Onward says the average gain per property would be £15,000, or £7,500 divided between the landlord and tenant.

The centre right think tank estimates 88,000 households would be eligible to take up the relief each year, costing the Treasury around £1.32bn a year.

An absolute nonsense idea that no landlord would ever take up.

Also "rewarding landlords", strawberry float off.


Surely I'd then just use the money I made from the sale of the house to buy a new house and repeat the process, meaning more and more money is transfered from the public purse to me as a private individual.


The idea comes from a Tory think tank. It’s only going to benefit affluent people.


Although additional property stamp duty would eat up a healthy chunk of the gain made from disposing of an asset that has been exempt from CGT.

I want nothing short of half a million new homes per year being built, with minimum square metres for overall size and individual bedrooms, if that means building on the "green belt" or the government stepping in to build enough to make up the shortfall, so be it.


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