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High Court blow for UK homeowners
Comments
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kennyboy66 wrote: »This case is about how the human rights act cannot be interpreted.
This ruling has a use in that it can be applied to BTL.
It is possible that a different judge and a similar case involving a owner occupier homeowner could rule that the 1925 act is incompatible with the HRA.
.
I don't think the case has yet been reported (as a case law report, not in the papers) and it will be interesting to see it.
Article 8 (right to private and family life) would come into play far more in an ownership case than in a BTL....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
God, this boils my blood.
Why should we feel sorry for people who don't pay their debts! The answer is, we shouldn't.
What kind of society find default acceptable? Sadly one that is dying :<
Take it from them if they dont pay. Simple as
2 months payments isnt much on a 25 year investment, get off your high horse0 -
. To paraphrase, "not everyone on the Internet is a crank, but every crank is on the Internet".
Not true - if you go to any law centre / bus stop / A & E you will meet a lot of cranks without net access!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »Not true - if you go to any law centre / bus stop / A & E you will meet a lot of cranks without net access!
The legal profession being cranks I can beleive.
But bus drivers and nurses.... sadly not.0 -
DirectDebacle wrote: »Tenant then has social security benefits available as a renter which they would be entitled to if they were evicted and had to be emergency housed.
I have a strong feeling that you can't get LHA for a hosue you've recently owned. But I could be wrong....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
The legal profession being cranks I can beleive.
But bus drivers and nurses.... sadly not.
Eh? Not bus drivers and nurses ( you don't tend to find bus drivers at bus stops, anyway) but the punters!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »Eh? Not bus drivers and nurses ( you don't tend to find bus drivers at bus stops, anyway) but the punters!
I live out in the country!
The only person I've ever seen at our bus stop was the driver having a ciggy!0 -
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Better to owe more and have a larger emergency fund.IveSeenTheLight wrote: »Not very MSE is it.
...
Martin's advice is always to pay off the higher interest debt
See When not to repay in the Should I pay off my mortgage guide, where the suggestion is 3-6 months emergency fund.
Also see the "Overpay your mortgage" discussion and example in Recession-proof your finances:
"Barry Boom is sitting pretty, he’s got a decent job, £20,000 of savings and comfortably pays off his mortgage every month. Do the maths and he’s better off using the savings to clear the capital on his mortgage.
Sadly, three months later, he’s shocked when his company goes bust and he’s redundant. As he works in the hard-hit housing industry, his job prospects are poor in the short term. Yet he still has to pay the mortgage. However now he’s got no savings and very quickly gets into arrears.
If instead he’d left himself £10,000, he could’ve covered the mortgage and other expenses for well over half a year, safeguarding his home. Admittedly there’s a cost to this, but in recession many will gain from a safety first mentality."
So yes it's moneysaving to not have unnecessary debt, but it's not moneysaving to run out of money and lose your property as a result.
Three months is a lot closer to running out of money than I want to be. The difference between mortgage rates and a high interest (perhaps fixed rate) account isn't so great.
Would be a different story if mortgages weren't so cheap and we were talking about credit cards at 40%.0 -
Sorry, but you have some more living to do.Ermmm,
She chose that situation by staying in her property. It is her fault for not adapting to the situation she found herself in.
Dispite her situation, she has no rights to maintain her standard of living, only responsibilities to pay back the future labour she sold by taking out a mortgage.
Sorry, for being so blunt. But that's the way it is.
A couple more decades of living a perfectly, constructed life that covers all eventualities, whatever they may they be.
When you are 60, you can then decide whether you hold the same view........and then post stuff like the above.....
I bet no 60+'s who post on this forum would post the above.
BTW I am not 60 and confess to having vaguely similar (tho' nowhere near as harsh) views during my 20's.
My daughter has a teen mate whose sister (aged 4 ) was diagnosed with leukamia, mum had to give up a great academic post (Govt. don't pay sick...all contract work now) and your response to a similar situation is totally out of order and reflects a lack of life experience.0
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