Council houses for fixed terms only!

wodgerdodger

FOURCANDLES wrote: »

Sorry mate I would not listen to a bank adviser it was a bank adviser that told me do not bother with that business, yes right proved wrong on that one wasn't he . YOU go to the banks now which is what we are talking about you will not get a mortgage, it has been like this for the last 3-4 years and for you to say people are on the fiddle is a bit like me saying you banking idiots are why the country hasn':mad:t got a pot to

---

in

Don't confuse a qualified MORTGAGE adviser within a mortgage bank to a business adviser within the clearing banking system. You have gone off on a tangent from the comment you made on self employed unable to get a mortgage from a "bank" and were forced to go to the sub prime Lenders who have now all but dissappeared since 2007 because they can't securitise their loan books.

It doesn't matter if you are self emploiyed or employed currently both have a struggle to get a mortgage these last 3 years due to lending to people who shouldnt have been allowed to borrow the sums they did between 2000 and 2006. Greed was perpetrated by Lenders and borrowers alike,who both threw common sense out of the window.

I did not say nor infer all self employed were on the fiddle nor would ever suggest they were but there are some trades which dealt largely in cash where under declaration was quite common and unless you are blinkered you know that was and probably still is the case....even today .

FOURCANDLES_2

wodgerdodger wrote: »

Don't confuse a qualified MORTGAGE adviser within a mortgage bank to a business adviser within the clearing banking system. You have gone off on a tangent from the comment you made on self employed unable to get a mortgage from a "bank" and were forced to go to the sub prime Lenders who have now all but dissappeared since 2007 because they can't securitise their loan books.

It doesn't matter if you are self emploiyed or employed currently both have a struggle to get a mortgage these last 3 years due to lending to people who shouldnt have been allowed to borrow the sums they did between 2000 and 2006. Greed was perpetrated by Lenders and borrowers alike,who both threw common sense out of the window.

I did not say nor infer all self employed were on the fiddle nor would ever suggest they were but there are some trades which dealt largely in cash where under declaration was quite common and unless you are blinkered you know that was and probably still is the case....even today .

Buck stops with the lender in my book, I will agree yes you can pocket some cash jobs .However loans mortgages, credit cards etc are and have always been hard to come by when self employed or you pay a premium . One thing I am glad about from my start in the world of self employment was i never borrowed but used savings to get going , competitors have gone to the wall due to business loans etc . As for the house we will stay in it until we can afford to move by buying that will be a few years yet.

Wee_Willy_Harris

Salz wrote: »

Cheltenham, and before you say but there are loads on rightmove for £700 plus, they are not there! When I phone the letting agents, they have already gone. The only efficient letting agent appears to be Alex Clark as they now e-mail me before they appear on Rightmove. The problem is that when you work you cant just take any old viewing time, it has to fit in with work, and by the time my viewing slot comes around in 2 days time, the house will have gone - If it hasn't, I have to give a months notice on the house I am in, so then the letting agents will pick the person who will move in quickest, and I lose out again. Still, it means life isn't boring:)

Social housing in Cheltenham is now run by Gloucerstershire Homeseeker www.gloshomeseeker.co.uk . As recently as June this year, a 3 bed house in Cheltenham town centre was let to a general needs (bronze) applicant who had been on the list for just 18 months. (see recent lets www.gloshomeseeker.co.uk/Data/ASPPages/1/20.aspx?LettingCycleID=46 ) Have you applied to Gloucestershire Homefinder?

neverdespairgirl

FOURCANDLES wrote: »

AND???????????Point is if he wants one now would he get one with out a massive deposit? and as for all his working life the so called bank adviser says he could have got one on the high street so why has your father been paying through the nose ? my friends got them and then changed to high street asap

PRIME not SUB-PRIME.

Mum_of_3_3

FOURCANDLES wrote: »

.However loans mortgages, credit cards etc are and have always been hard to come by when self employed or you pay a premium

I'm sorry but that's absolute bullocks! As an accountant, as someone self-employed, as someone living with a self-employed person I can assure you that as long as you have approx 3 years worth of accounts or 3 years worth of HMRC tax calcs then you can get a loan, mortgage, credit card etc as easily as the next person!

The only thing I have ever found more expensive to buy is Public Liability and Life Assurance for my partner and that's because as a builder/roofer he occasionally works on flat roofs and also because occasionally he works higher than 30ft in the air when doing some work.

We have always had a PRIME mortgage, we only had to put down a normal sized deposit on this property and our 'financial borrowing' lives are the same as someone employed.

It's not just us, but absolutely everyone else I know that is self-employed has no problems either.

Please use all the excuses you want for not moving, but don't play the self-employed card cos that's as flimsy as a chocolate teapot!

M_o_3

PS wodgerdodger - mortgage companies should calculate mortgage levels on taxable profits not net proft (the two can vary wildly!)

ninky_2

Salz wrote: »

Yes, it is my fault as I choose not to send my son to an under achieving school where the pass rate for GCSE's last year was under 30%.
But the lack of affordable rents both social and private is something that needs to be addressed and the difference in rents is astounding.

but surely some people have to go to that school? i think parents worry too much about the school their kids go to. the only reason top schools get better marks is the kids that go there are better motivated etc. if the same kids went to the other school the pass mark would go up. there is no evidence that a straight a student wouldn't get straight a passes at the good or badly performing school. take a chill pill and live in a bigger house nearer the less well performing school.

FOURCANDLES_2

Mum_of_3 wrote: »

I'm sorry but that's absolute bullocks! As an accountant, as someone self-employed, as someone living with a self-employed person I can assure you that as long as you have approx 3 years worth of accounts or 3 years worth of HMRC tax calcs then you can get a loan, mortgage, credit card etc as easily as the next person!

The only thing I have ever found more expensive to buy is Public Liability and Life Assurance for my partner and that's because as a builder/roofer he occasionally works on flat roofs and also because occasionally he works higher than 30ft in the air when doing some work.

We have always had a PRIME mortgage, we only had to put down a normal sized deposit on this property and our 'financial borrowing' lives are the same as someone employed.

It's not just us, but absolutely everyone else I know that is self-employed has no problems either.

Please use all the excuses you want for not moving, but don't play the self-employed card cos that's as flimsy as a chocolate teapot!

M_o_3

PS wodgerdodger - mortgage companies should calculate mortgage levels on taxable profits not net proft (the two can vary wildly!)

Sorry wrong you credit card and the self employed yep you can get one if you have the mortgage already, loans the same if you have the mortgage, New mortgage NOW and self employed no chance yep with your 3 years books of course they offered me one but with double the deposit. And I have no bad credit , have been financial well behaved ie never had hp or loans, we have had a credit card for the last 22 years pay it up all at the end of a month if we use it I have in exscess now of 3 years books but they want a big deposit and I aint giving every penny I have just to get a big debt

FOURCANDLES_2

Having given my situation some thought and taken the advice of our MP and local councillor I am staying put. I applied for the home I got the home I pay my rent, I have improved my standard of living and I will move on when the time is right for us to do so. I may not now qualify for an association house but I have a contract and it is a secure tenure. As it has been pointed out also we have OAP taking winter fuel payments , people taking child benefit, people taking child tax credits, etc etc etc many if they were honest which is on reflection the wrong word it should be have any morals (and perhaps on this one issue I have none) they would hand it back and say NO i do not need it thanks but they do not.
As my MP said if you lived on a sink estate most people and the odd one locally wouldn't care that you live in the house you do . What I am doing is legal and above board and until any legal body says different I stay until my nest egg is at what I wish it to be, and I have the other home I want to have . I would add the 2 locally who have been local even to writing to the local paper with name and address withheld but still say it loud and clear in the village but not to your face, are the 2 nimbys who stopped a small development of mixed homes 22 in the village and said there is no need for affordable homes and we do not want these people to move in around here , and yet they complain that my home could be given to the poor and needy yes and who ever moved in would be seen as those lot in the council house as the councilor said they do not even realise we sold the stock off a decade ago. As my mp and councillor said it is envy that you have a nice house in a nice area on the cheap and are doing "well how dare you" in the eyes of a few locals.

ninky_2

Gorgeous_George wrote: »

Dad works. Others don't. What housing should be provided in your opinion?

GG

2 bed council housing for each of the single mums until they are able to find work or meet a partner who can support them. i wouldn't put the council housing on lifetime tenure. providing it during a time of need would appear to me to be adequately generous.

Wee_Willy_Harris

ninky wrote: »

2 bed council housing for each of the single mums until they are able to find work or meet a partner who can support them. i wouldn't put the council housing on lifetime tenure. providing it during a time of need would appear to me to be adequately generous.

So, there you have it. Ninkys advice is.... If you want social housing, stay single and don't work. Another well thought out idea. Are you one of Camerons advisers?