Nationwide HPI: Dec 09 Down 2.5%

Cat695

davilown wrote: »

Correct - 9 months before I can start saving, aim to have deposit of around £15K by Sept/Oct 09 as the OH starts back at work in her new job next month. Add to that a LSAP of around £7k will give me a reasonable deposit I hope!

Just be warned on the LSAP even though its interest free anything over 5k has you paying higher tax (not the high tax band though just more tax)

as a couple of guys have found out in my unit

IveSeenTheLight

neverdespairgirl wrote: »

Yes, but solicitors have quite a bit of time (3 months? could have made that up, could have remembered it) after completion to file returns with the LR.

Well, tell your colleagues to get their finger out and get on top of their paperwork.
Surely its not a workload issue at the moment

carolt

JonnyBravo wrote: »

Wish this thing had a "handbag" logo.
oooooooo-oooooo!!

Carol posted....



mr.b responded...




Seems like those were adjectives being used to describe her posts not her. Not that I'd be especially against someone using those words to describe someone. Is that all it takes to upset you? :rolleyes:
Let carolt have a moan about it if she doesn't like it.
What doesn't really work is moaning about someone doing it when you do it yourself.




Yep it is. But then I wasn't the one moaning about "contributing". I'm all up for the fluff, nonsense and banter..... hell we'd have to lose mewbie without it and I like that type of stuff. :T

It's OK, I coudn't care less.

But thanks for support, !!!!!!.

Still no idea where my "angry" post was on this thread, would anyone like to point it out please?

Mystified.

I'm fine but definitely far too cold. Hot water bottle time again.

whathavewedone

I was always told it was very bad practice to wait until the last possible moment to register properties. If you sit on a file until the diary entry comes up telling you that you need to register the purchase urgently you may also find that there is some money owing to the client/worse the client owes you some more money and it is embarrassing to have to tell someone this when they've been in their house for a couple of months. Also if you're relying on diary entries when you have high volumes of files you might find you have to urgently register lots of properties on a day when you also have a load of exchanges to do.

Most residential conveyancers deal with very high volumes as otherwise it just isn't profitable. You need to be very organised to deal with a number of files.

Also some of the bigger firms employ people specifically to do things like registrations and they are expected to do them at the end of a transaction.

The conveyancers that I know are busy at the moment. They're getting lots of work from BMV companies and have been for at least 6 months so I'd be surprised if the figures from those sales haven't filtered through yet.

Cannon_Fodder

It appears conveyancing has been suffering job cuts, so it could that those employees who are left are having to work hard, but simply to keep on top of a reduced overall workload, rather than at 'usual' levels...

http://www.thelawyer.com/cgi-bin/item.cgi?id=133864&d=415&h=417&f=416

"A total of around 165 staff, including around nine qualified solicitors, are employed within Dickinson Dees’ volume arm, which deals with remortgage, conveyancing, repossession, loss recovery and Home Information Packs. The firm plans to slash the group’s headcount by around 70, with the 39-strong repossessions and loss recovery team the only one within the group not affected."

"As reported by The Lawyer last month (30 June), 23 conveyancing staff at Shoosmiths’ Northampton office have accepted ­voluntary redundancy and five more are at risk of ­compulsory redundancy."

"Regional firm Tollers has laid off 18 residential conveyancing staff across four offices and it is understood that MAB has made seven staff, including one solicitor, redundant in Milton Keynes and Watford."

whathavewedone

Yes of course law firms are making redundancies in commercial and residential property departments. There are only going to be so many needed to deal with BMVs and repos.

One good thing about being a lawyer though is that if all else fails you can always get into teaching.

On the other side of the coin, litigators who were finding it really hard to get work during the boom are now in great demand.

There will still be demand for criminal, matrimonial, employment, immigration, tax, insolvency, property litigation, commercial litigation and probate lawyers in a recession.

It's non contentious property lawyers and corporate lawyers who are most vulnerable in a recession - but as I say, if all else fails they can always teach. Teaching on the LPC is pretty well paid actually. Similar pay to what a newly qualified lawyer would get in London. And enough time off to get a second part time job if push came to shove.

chucky

Snooze wrote: »

The only thing that is certain around here is that Mitchaa won't be gloating in 12 months time like he is doing now because his house will be worth £2.50 just like everyone elses, regardless of how much he thinks Aberdeen is immune from what's happening in the rest of the UK. :rotfl:

Rob

this post was on 6th Jan 2009 anyone know if Aberdeen houses are worth £2.50 yet? :eek:

System

The amusing thing about these threads is the people who were frothing at the gash with excitement are the ones that never bought anything, all those drops wasted.

Emy1501

Joeskeppi wrote: »

The amusing thing about these threads is the people who were frothing at the gash with excitement are the ones that never bought anything, all those drops wasted.

Whats more amsuing is the desperation of people bringing up old threads at a time when there are clear signs that the market is turning at the moment.

Whats the relevance of these threads? The worlds a difference place to a 15 months ago. Austerity is the way forward now unlike this time last year when it was all spend spend spend.

chucky

Emy1501 wrote: »

Whats more amsuing is the desperation of people bringing up old threads at a time when there are clear signs that the market is turning at the moment.

Whats the relevance of these threads? The worlds a difference place to a 15 months ago. Austerity is the way forward now unlike this time last year when it was all spend spend spend.

desperation - more like laughing at how stupid people were at the time:rotfl:

but anyway... do you know if Aberdeen house prices had fallen to £2.50 yet?

Snooze wrote: »

The only thing that is certain around here is that Mitchaa won't be gloating in 12 months time like he is doing now because his house will be worth £2.50 just like everyone elses, regardless of how much he thinks Aberdeen is immune from what's happening in the rest of the UK. :rotfl:

Rob