Future Proofing my life: Deposit saving then MFW journey in under 13 years

Sistergold

debtfreewannabe321 said:

Your neighbour's need to stay put until they have their section 21 which they can then take to the council 

Yes I agree with this. No one can be made to move before Christmas. They just need to stay put and continue paying the rent. It will take months to be moved out as the way this has been done is very unfair and too quick. 

Sistergold

If you are paying your rent section 21 is not what will affect your credit. All they are doing is evicting you. Just gives you time if you need time to move or buy. That’s my understanding anyway 🤷‍♀️

TallGirl

As LWAP explained they are not straight forward tenants so Section 21 might not apply which is why they are taking legal advice. Agree it is rotten of the landlords and there is such a shortage of affordable housing in London. Hopefully our fab LWAP will be fine and this is the kick up the bum she needs to buy something!

beanielou

@debtfreewannabe321. Do you chant NHRK?

LadyWithAPlan

Watty1 said:

The universe is lining up for you, excited to see what happens.   That rent increase is shocking, will be such a struggle for people.   So many questions around can they even do that legally ?

I am not sure, te new company  won a tender ..  not sure making 100s homeless  makes a council look good (there are other buildings involved too and I know a few who already have registered themselves homeless with the very council making them homeless!...)

Even their affordability measures are wildly out from what their website says.. (and they want access to your bank (not just statements) and people are now under 2 weeks from moving out and not been told if they can stay or or if they have passed the new thresholds of affordability.. (freelance income is being ignored even when it is clearly monthly and consistent and savings cant be taken into account...)

We have an architect  (in her 30s so quite far in her career) being told she does not earn enough for her one bed to renew!!

@debtfreewannabe321 i think you are funny
Buddhist wisdom does state that in each moment  you are either moving towards the devilish functions inside your self or moving towards your higher path  and the struggle in life is always where you are coming from - positivity or anger etc.... so  the baby demon comment is cute   - there is always a baby demon version in me waiting to pop out.



i am chanting for us all to win.. the community has really pulled together  - we are sharing Google drives, info, spreadsheets of contacts, local MPs... etc

I will say I am v thankful for my Buddhist practise keeping my spirits up as I am aware I am currently procrastinating some days probably from feeling  also slightly fearful - I know I will be ok- but the thought of losing ones home and community so quick - and the effort it will take to pack up.

Sistergold said:

If you are paying your rent section 21 is not what will affect your credit. All they are doing is evicting you. Just gives you time if you need time to move or buy. That’s my understanding anyway 🤷‍♀️

Thats v good to know... I have never been late in rent ever in nearly 10 years of being with this company plus I dont have a new contract yet with the new one....However  I dont want to risk my mortgage possibilities -  I also really dont want to get on the wrong side of lawyers -  at least I could temporarily move out of London but then I lose work (some is remote but not all)... as will many who work in retail etc so they have to live here.

TallGirl said:

As LWAP explained they are not straight forward tenants so Section 21 might not apply which is why they are taking legal advice. Agree it is rotten of the landlords and there is such a shortage of affordable housing in London. Hopefully our fab LWAP will be fine and this is the kick up the bum she needs to buy something!

Apparently legal advice has been given to couple of the people v worried about losing their homes in under a fortnight. and we are  100% all to be considered tenants... woohoo - not just those of us who have our own spaces  - due to various factors - which means they will need to give proper process to get people out, so less chance of freezing on the streets. I dont know how that affects the amount of rent they can hike.,

Some neighbours are literally leaving London and flying back to their home countries ! They dont want to get stung with the legal fees of section 21.

debtfreewannabe321

beanielou said:

@debtfreewannabe321. Do you chant NHRK?

@beanielou DP and I like one we found on YT a few years ago, I don't know what NHRK is? What does it stand for I will look it up. The one we were chanting was om gan ganpataye namo namah, which apparently did DD nut in so I did it louder.  
@LadyWithAPlan I take all chances to wind my kids up (in a silly way- I always know where the line is with anyone of them and their sensitivities ) , they call it annoying I call it payback for all the times they've driven me mad ha.

I wish your landlords all the karma they deserve, good or bad I cannot believe they would do such a thing right before christmas, is their name Ebeenzer Scrooge LTD. 

South_coast

LadyWithAPlan said:
I know I will be ok- but the thought of losing ones home and community so quick - and the effort it will take to pack up.

Less than if you hadn't done all that death cleaning though. 

Good luck 🍀

LadyWithAPlan

The @save_dog thread has inspired me to calculate my future daily interest 

As I am thinking of borrowing between £300k -£350k I may try to keep mortgage  down as low as possible just to keep that daily interest figure start at something less scary ..  that eternal knife edge balance between a nicer /bigger place and money stress

If I borrow  at 3.79% - what MSE is suggesting on FTB rates today
£300k   £31.13 per day  interest  - over the calendar month £946.87  interest     on a £1918.20 per month payment
£350k   £36.318 per day   - over the calendar month 1104.67 interest     on a £2238 per month payment


Current 'maybe having to move'/instability  finally makes  my rent v house buying scale tip towards buying!
Maths still states  its still cheaper  to rent as I have safety of my large deposit (some of which is in the S&S isa so possible increase ) plus the interest I am getting (even with the tax on interest)
However if I buy  I get possible asset increase of the house plus SAFETY  of my own home of no landlord  able to give me rent increases/instability.

................... Courses..............
My Thursday course continues to be brilliant, and we are moving on to another software for database analysis next week. However we have been given a big homework project which is optional but will also provide a portfolio piece for us all to start getting work.


................... Work .............. Worked for three different clients today - they all needed 2 hours or so  each to move projects forward, and I managed to be uber efficient , get all done and go to evening class as well. 


...................Health/Fitness success..............
I havent weighed myself in a few days and I am definitely not 100% adhering to my slow carb plan, however I did get on scales this morning  and weighing in at 60.4kg so 8.8lbs lower than when I started in Aug on the EMS workouts  twice a week  and my nutrition changes. 


................... Practice..............
@debtfreewannabe321 The chant is Nam Myoho Renge Kyo - ... Its what Tina Turner famously chanted to give her the strength to leave Ike and she continued chanting til the very end of her life.  She also wrote a book 'Happiness Becomes You' on the Buddhist practise   (www.sgi-uk.org)

Changing poison into medicine, then, starts with the simple step of facing your problems with the confidence that you have the power within you not just to overcome challenges, but also to thrive because of them—to rise up to greater heights than you ever have before.

Amongst other benefits, it raises your life state, wisdom, courage and compassion (for oneself and others) on a daily basis to come from that higher Buddha self and overcome one's own negative tendencies.. so when the going gets tough. the tough chant harder   whilst also taking massive action to change the situation and transform one's own inner self where needed, to overcome the fear to take action and have the wisdom and courage to take the right actions.  .. I have found it  invaluable in facing life head on  and chanting for the best outcome for all as world peace 'kosen rufu' is also central to the Buddhist philosophy  ...even the landlord Scrooges (who hopefully will gain wisdom and compassion also)
Either way in a building with lots of people feeling scared for their future  I need to be as positive and life forward as possible and help keep everyones spirits up to take action

LadyWithAPlan

South_coast said:

LadyWithAPlan said:
I know I will be ok- but the thought of losing ones home and community so quick - and the effort it will take to pack up.

Less than if you hadn't done all that death cleaning though. 

Good luck 🍀

I like your positivity, however I am not quite  finished with my SDC - more to do (clothes mainly) , however yes it is much better than before. My study is also 1000% better than in the summer. 

LadyWithAPlan

Had a busy Friday - work in morning then saw my mum in the afternoon who came up to London for a treat day - had our hair done ( a prize ) , saw the London Xmas lights, did some shopping  and  had a Thai meal.. (always easy to eat GF) £53.26 I picked up the cheque though my mum offered,

I am very aware that some of my friends have lost their mums in the last few years, (and are still understandably reeling) so hoping mine will be around for many more years, she is in great health but her knees are stiffening up I noticed on the various steps in the tubes. I have  just got her putting her led face mask on her knees at night and she says it is definitely helping. (Bear in mind the  red/blue/nir led light therapy is an actual science thing so not as crazy as it seems.
Niels Finsen won the 1903 Nobel Prize in Medicine for his work using light therapy, also known as phototherapy, to treat skin diseases.
Also loads science studies on 50% pain reduction using red and nir light therapy on knee arthritus

Spending .... black friday - those shops are out to get you... including my fav MAC store 25% off - I normally can get 20% off any way but 25% off all plus a lovely free gift if you spent £60...  we mixed it up and I bought my first toiletries in months! As you know I have been operating on buy no new toiletries/makeup until I have got rid of existing/unused, not even replacing my favourites.
I bought the  Mac cleansing oil, I have a tiny bit left in the travel mini but it is great and doesnt upset my skin...as some cleansing oils do (the new Decleo* one I am looking at you)
£27 at 25% off but it will probably last for a year, huge bottle.. I had £60 plus in my toiletry category anyway and it felt like such a luxury to use tonight. If I can drag out dregs of my mascaras til Xmas then santa claus has bought me a mascara gift set ...
I also have a fair few eye shadow compacts where I have used up the colours I like and now on the dregs plus the untouched colours, still going through those.

£224.29 total spend in one year on toiletries Ynab now tells me.. 

Also picked up a couple xmas gifts at a museum shop. Having really watched my pennies this year since YNAB I am finding it hard to spend frivolously.. My Xmas gift fund has been where I have pulled money out of a lot this year and now I am looking at it.


Plant Freebies
2 neighbours are moving out due to the PPH* (see @Watty1 diary) new agents, one is even moving abroad for 6 months before them  both moving to Spain  - so offered me loads of goodies, furniture, giant fridge... I however only took the plants... most had plant pots and I did want some  more plants.. If I have to move .....

*PPH
PPH/ Poo Poo Head is a phrase coined by @WelshmansDaughter, to describe Wattys ex partner,  I think I was  the first to shorten it to PPH  (happy to be wrong )  - I am feeling PPH  is the new TT, a new phrase of the 2020's