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Which UK city is best from a financial perspective (discretionary income, house price rises etc)
Purely from a financial perspective (i.e ignoring desirability), where the in the UK will allow you to obtain wealth the fastest? So far example, in London salaries may be higher than anywhere else in the UK, however cost of living is also significantly higher and outweighs the higher salaries for the majority. This means…
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Landlords' Lament, the end of Section 21
Spare a thought for landlords this week, who may have to do more than hammer out a poorly formatted template letter from WH Smiths and toss it into a post box, to evict their tenants. The Tories have finally buckled, after far too long, to pressure to implement this Labour policy. They may have also realised finally that…
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Buy To Let property in Wife's name
Hi Between my wife and myself we have about £50K worth of savings that we are looking to invest......kids are 4 & 8 and thought of property to invest in for their future more than anything else. I already have a house (mortgage free), a flat in the City that we bought in 2000 that we have rented out for the last 10 years…
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Confused - Don't know what to do re selling
Hello, Asking a bit of a crystal ball question... Myself and my partner own 50% of a shared ownership property. We are viewing properties and have had our mortgage in principle. When it comes to selling ours, we have to pay to have a valuation with a person approved by our shared ownership company. This is only valid for 3…
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House prices down, rents up
While house prices in London continue to slide, rents in the capital are hitting record highs. This week Rightmove reported an 8.2 per cent annual increase in asking rents in London, the highest rise ever recorded, bringing the average monthly payment to £2,093. These soaring rents are being fuelled by high demand and low…
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House devalued to £2k less than 2005 with remortgage?
Hi all, I'm currently going through a remortgage on my 50% shared ownership property and it had a valuation done in February which was initially £150k. That seemed fine as the house next door which was much the same except had loft conversion and conservatory was sold for £142k in 2017. Then the mortgage broker came back…
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Thank Goodness Brexit will not halt immigration
It was a slight worry for many of us that Brexit would reduce immigration which in turn would damage the healthy property market that we have. I have made a few precautions just in case and put two properties on the market as a financial buffer, I was expecting at worst a 5% fall in property prices before they picked up…
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Panic buying come end of the month?
Is anybody else stocking up on food and toilet rolls? Getting cash out of bank account in case the banks collapse? Baracading your front door and prepared to bug in to avoid all the yellow vest protests aka Paris....... I know there is panic selling going on in the property market, and tenants are not paying their rents…
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Brexit - how it will change UK's future?
Other Brexit threads are mostly fight between Leavers and Remainers, each group accusing other why "I am right and you are wrong". If half of country believes in an ideology it is worth investigating why they think so (rather than just saying - you are stupid). Let's have a different perspective here. Whether you are like…
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Attention landlords. Councils are your competitors...
Hello to all who plan to purchase to rent.... and those who already have.... Is this really a free market? London Borough Councils are still actively buying up property in the home counties. Not only councils, it is also the housing associations and organisations providing housing for London borough constituents that are…
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Taken photos Without Consent.
Does anyone know if someone can take photos inside your home without your knowledge. This was done to someone I know and they are quite disturbed to find this out. It was someone they know & they did this whilst the owner and her husband were out of the room & they have shown these images of their house and contents to…
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Indicative Vote
Kate McCann (Sky journo) recently tweetered: So....what's your pick? :)
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UK Employment hits new highs
https://www.bbc.co.uk/news/business-47622415 The number of employed people in the UK has risen again, to a new record number of 32.7 million people Unemployment fell by 35,000 to 1.34 million in the period, putting the rate below 4% for the first time since 1975.
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Are workers a resource or a burden...?
During the Cold War, the Iron Curtain (including the Berlin Wall) was built to keep workers in Eastern Europe (rather than to keep NATO forces out). With lower wages, the communist govts in Eastern Europe viewed workers and their labour as a resource to be kept. Now we have the USA and the UK keen to keep healthy…
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Yellow jacket freedom fighters spreading to London
The yellow jacket freedom fighters movement is spreading around Europe. Could we have another 2011 all over again? Boris water cannon tanks hve been dismantled they thought they would not need them again:rotfl: The majority are unhappy about high rents and property prices, the people could demand the government a million…
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Is a 'No Cash' society a threat?
The move away from cash towards digital only trundles on. Interestingly (and perhaps alarmingly) this move appears to be encouraged by many members of the public. Is it a ''good idea'' to abandon cash ifor the sake of convenience and to tackle crime and tax evasion? Or does a digital only system hand too much power and…
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Ruined Property Tycoon Goes on Hunger Strike
Perhaps some of this poor chaps fellow property tycoons on here could start up a Crowdfunding page for him or something? Personally, I'd quite like to go and sit opposite him wherever he's staging his hunger strike and eat a nice cheeseburger.…
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Good Old Fergus!
Such a lovely couple;) One of Britain's best-known landlords has issued eviction notices to every tenant who is on welfare, and told letting agents that he will not accept any more applicants who need housing benefit. Fergus Wilson, who with his wife Judith owns nearly 1,000 properties around the Ashford area of Kent, has…
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Labour government - effect on GBP?
Last time I looked, the bookies were considering the chance of a Labour government at about 50/50. I have heard and read much about the effect of a Labour election win on the pound. At their conference the Labour Party discussed ''war-gaming'' for scenarios such as a ''run on the pound''. But they did not really elaborate…
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Rents continue to fall
"London recorded the biggest fall in cash terms, " “There is also slowing demand for rental properties from EU nationals, the benefits freeze, and more people are leaving London, which makes up a considerable proportion of the private rental market in the UK. These are all likely to be having a downward effect on rents.”
