Rent contract renewal - 6 month contract, £50 renewal fee and references ?

ManicMum

I can see why you are frustrated OP. My brother is in same position. he is 36 and still renting. I told him to buy years ago when I did but he said he didn't want to be boring. I think he regrets that now. My first rate was about 6.7% if I remember correctly. I also remember my parents asking me how much money I had saved back around 1989/1990 as they weren't sure they could make the mortgage payment that month (about 15 or 16%). I can not see how the situation can continue though when you have people pushing 40 still waiting to get on the ladder, there surely has to be a big fall soon. Who will be buying houses otherwise? A lot of FTBs are borrowing money from parents. Soon parents will be people who never got on the ladder themselves and have no money to lend to them.

Other option is to move to the outer reaches of the UK. I almost own my own house now. Back down south, I'd still owe stacks.

sky_rat

kmmr wrote: »

Your assumption that overseas = holiday is very very wrong.

I agree I 'could' be wrong.

My previous landlord had his own place in Spain and everytime I tried to contact him he was away.... in spain.

And a friend of mine owns 11 houses which he rents out and he is very well off financially.

So Im not daft, I do realise that alot of landlords make alot of money.

The landlord I have now was away after xmas and now will be away again.

Chances are, he (and his wife) are 'probably' away on holiday.

sky_rat

kmmr wrote: »

How can people still say this with a straight face. Just to be clear - BANKS DO NOT BORROW AT BASE RATE TO FUND MORTGAGES.

Dont expect me to have ANY sympathy for b(w)ankers who get paid riduculously huge salaries and bonuses, who then get bailed out by tax payers and rewarded with more bonuses for messing up the economy !

Banks obviously make far too much money which the rest of us have to fund.

Much like gas and electric suppliers. This is 'rip off britain' after all.

out_of_cash

politicians and b(w)ankers go together and we can all see what a great !!!! up they have made of things.

All in a protective bubble spelling out how we are all in this together "get me a bucket" and we should all pay for the !!!! up