Rents Frozen In Scotland From Today

SuseOrm

theartfullodger said:

Eldi_Dos said:

theartfullodger said:

V true about interest rates.  In November 1979 Bank of England base rates hit 17%. (Seventeen percent).  Good old Thatcher's time.  (Is there an irony emoji?)

I had a for then large mortgage.  Lucky because my building society only wanted 15%.

I'm expecting interest rates to keep increasing, especially with the cost-of-leaving crisis.

Good luck folks......

What you do not mention was that as pay rises tried to keep up with inflation the percentage of mortgage to earnings swung in your favour, if you could ride out the initial storm.

Let me assure you that such wage increases I got then in absolutely no way covered the actual interest rate extra payments my mortgage cost (from 10% to 15% so another 5%)

Wage rises were not keeping pace (this was Thatcher's charming regime...)

You did also get MIRA’s,  So with the greatest of respect pull the other one

SuseOrm

 In Liverpool halls of residence that were set up for university students,  much to the parents horror are being rented out to the local community.   we had to move my daughter out of halls because the fire alarm was going off three or four times a night with people smoking allsorts in their room and then the students getting fed up of it and basically unplugging the smoke alarms,  it was an absolute disaster waiting to happen.  

Locally the issue we are discovering with rentals is that a two bedroom semi detached house can be rented for £650 to a family who if they run into hardship stop Paying the £650 or it can be rented to 3 private individuals for £1500 and it mitigates the risk of all three stopping paying so at least if one person is the mortgage is getting covered.  

This is an absolute disaster for families.  

landsbeyondthesea

spoovy said:

It's not just landlords, the godawful IR35 legislation forced me to close my business just over a year ago. In case you're not familiar it appears to be based purely on the popular public perception that anyone who works for themself must be hugely wealthy and a tax dodger.  Small ltd companies have been closing in droves ever since.
How we've ended up in a country so actively hostile to small business is beyond me.

Why did IR35 rules force you to close your business? If you were working as a contractor so your "client" could avoid employer NI or contracting people who would otherwise have been your employees to the same effect, then you deserve very little sympathy from the rest of us who legitimately employ others and pay in as required. Nothing to do with a perception of the self employed as hugely wealthy, simply a concern for fair dealing.

Retireby40

SuseOrm said:

 In Liverpool halls of residence that were set up for university students,  much to the parents horror are being rented out to the local community.   we had to move my daughter out of halls because the fire alarm was going off three or four times a night with people smoking allsorts in their room and then the students getting fed up of it and basically unplugging the smoke alarms,  it was an absolute disaster waiting to happen.  

Locally the issue we are discovering with rentals is that a two bedroom semi detached house can be rented for £650 to a family who if they run into hardship stop Paying the £650 or it can be rented to 3 private individuals for £1500 and it mitigates the risk of all three stopping paying so at least if one person is the mortgage is getting covered.  

This is an absolute disaster for families.  

How can a 2 bedroom semi be rented to 3 individuals? One sleeping in the living room?

Are you from the Liverpool area? Could your daughter not have lived at home and travelled to Uni? Or do you live far from Liverpool?

SuseOrm

Retireby40 said:

SuseOrm said:

 In Liverpool halls of residence that were set up for university students,  much to the parents horror are being rented out to the local community.   we had to move my daughter out of halls because the fire alarm was going off three or four times a night with people smoking allsorts in their room and then the students getting fed up of it and basically unplugging the smoke alarms,  it was an absolute disaster waiting to happen.  

Locally the issue we are discovering with rentals is that a two bedroom semi detached house can be rented for £650 to a family who if they run into hardship stop Paying the £650 or it can be rented to 3 private individuals for £1500 and it mitigates the risk of all three stopping paying so at least if one person is the mortgage is getting covered.  

This is an absolute disaster for families.  

How can a 2 bedroom semi be rented to 3 individuals? One sleeping in the living room?

Are you from the Liverpool area? Could your daughter not have lived at home and travelled to Uni? Or do you live far from Liverpool?

Yes one in the Living room and as it happens we bought her a small house in Liverpool but the student accommodation is a Grenfell waiting to happen which is the actual point.  Not everyone can send their child off to uni,  pay £550 a month and sleep soundly knowing the smoke detector has been unplugged 

Retireby40

SuseOrm said:

Retireby40 said:

SuseOrm said:

 In Liverpool halls of residence that were set up for university students,  much to the parents horror are being rented out to the local community.   we had to move my daughter out of halls because the fire alarm was going off three or four times a night with people smoking allsorts in their room and then the students getting fed up of it and basically unplugging the smoke alarms,  it was an absolute disaster waiting to happen.  

Locally the issue we are discovering with rentals is that a two bedroom semi detached house can be rented for £650 to a family who if they run into hardship stop Paying the £650 or it can be rented to 3 private individuals for £1500 and it mitigates the risk of all three stopping paying so at least if one person is the mortgage is getting covered.  

This is an absolute disaster for families.  

How can a 2 bedroom semi be rented to 3 individuals? One sleeping in the living room?

Are you from the Liverpool area? Could your daughter not have lived at home and travelled to Uni? Or do you live far from Liverpool?

Yes one in the Living room and as it happens we bought her a small house in Liverpool but the student accommodation is a Grenfell waiting to happen which is the actual point.  Not everyone can send their child off to uni,  pay £550 a month and sleep soundly knowing the smoke detector has been unplugged 

Are you from Liverpool? Or what area are you from? Could she not have stayed with you and travelled to Uni?

SuseOrm

Retireby40 said:

SuseOrm said:

Retireby40 said:

SuseOrm said:

 In Liverpool halls of residence that were set up for university students,  much to the parents horror are being rented out to the local community.   we had to move my daughter out of halls because the fire alarm was going off three or four times a night with people smoking allsorts in their room and then the students getting fed up of it and basically unplugging the smoke alarms,  it was an absolute disaster waiting to happen.  

Locally the issue we are discovering with rentals is that a two bedroom semi detached house can be rented for £650 to a family who if they run into hardship stop Paying the £650 or it can be rented to 3 private individuals for £1500 and it mitigates the risk of all three stopping paying so at least if one person is the mortgage is getting covered.  

This is an absolute disaster for families.  

How can a 2 bedroom semi be rented to 3 individuals? One sleeping in the living room?

Are you from the Liverpool area? Could your daughter not have lived at home and travelled to Uni? Or do you live far from Liverpool?

Yes one in the Living room and as it happens we bought her a small house in Liverpool but the student accommodation is a Grenfell waiting to happen which is the actual point.  Not everyone can send their child off to uni,  pay £550 a month and sleep soundly knowing the smoke detector has been unplugged 

Are you from Liverpool? Or what area are you from? Could she not have stayed with you and travelled to Uni?

No,  neither she nor I wanted her to live in the family home at the age of 20 thank you very much.  Spectacularly missing the point of the post again.  

k12479

landsbeyondthesea said:

spoovy said:

It's not just landlords, the godawful IR35 legislation forced me to close my business just over a year ago. In case you're not familiar it appears to be based purely on the popular public perception that anyone who works for themself must be hugely wealthy and a tax dodger.  Small ltd companies have been closing in droves ever since.
How we've ended up in a country so actively hostile to small business is beyond me.

Why did IR35 rules force you to close your business? If you were working as a contractor so your "client" could avoid employer NI or contracting people who would otherwise have been your employees to the same effect, then you deserve very little sympathy from the rest of us who legitimately employ others and pay in as required. Nothing to do with a perception of the self employed as hugely wealthy, simply a concern for fair dealing.

Indeed. I always found IR35 straightforward. The problem didn't seem to be the rules, it seemed to be that people didn't like the fact that their work was clearly inside IR35 when they wanted it to be outside and the 'entrepreneurial small business!' arguments were laughable.

Retireby40

SuseOrm said:

Retireby40 said:

SuseOrm said:

Retireby40 said:

SuseOrm said:

 In Liverpool halls of residence that were set up for university students,  much to the parents horror are being rented out to the local community.   we had to move my daughter out of halls because the fire alarm was going off three or four times a night with people smoking allsorts in their room and then the students getting fed up of it and basically unplugging the smoke alarms,  it was an absolute disaster waiting to happen.  

Locally the issue we are discovering with rentals is that a two bedroom semi detached house can be rented for £650 to a family who if they run into hardship stop Paying the £650 or it can be rented to 3 private individuals for £1500 and it mitigates the risk of all three stopping paying so at least if one person is the mortgage is getting covered.  

This is an absolute disaster for families.  

How can a 2 bedroom semi be rented to 3 individuals? One sleeping in the living room?

Are you from the Liverpool area? Could your daughter not have lived at home and travelled to Uni? Or do you live far from Liverpool?

Yes one in the Living room and as it happens we bought her a small house in Liverpool but the student accommodation is a Grenfell waiting to happen which is the actual point.  Not everyone can send their child off to uni,  pay £550 a month and sleep soundly knowing the smoke detector has been unplugged 

Are you from Liverpool? Or what area are you from? Could she not have stayed with you and travelled to Uni?

No,  neither she nor I wanted her to live in the family home at the age of 20 thank you very much.  Spectacularly missing the point of the post again.  

No I'm not missing your point. I'm simply asking a question. 

Lucky for her you are able to buy her a house. Not many families are able to do the same and have to stay living with parents or pay the rate Uni or landlords ask.

SuseOrm

k12479 said:

landsbeyondthesea said:

spoovy said:

It's not just landlords, the godawful IR35 legislation forced me to close my business just over a year ago. In case you're not familiar it appears to be based purely on the popular public perception that anyone who works for themself must be hugely wealthy and a tax dodger.  Small ltd companies have been closing in droves ever since.
How we've ended up in a country so actively hostile to small business is beyond me.

Why did IR35 rules force you to close your business? If you were working as a contractor so your "client" could avoid employer NI or contracting people who would otherwise have been your employees to the same effect, then you deserve very little sympathy from the rest of us who legitimately employ others and pay in as required. Nothing to do with a perception of the self employed as hugely wealthy, simply a concern for fair dealing.

Indeed. I always found IR35 straightforward. The problem didn't seem to be the rules, it seemed to be that people didn't like the fact that their work was clearly inside IR35 when they wanted it to be outside and the 'entrepreneurial small business!' arguments were laughable.

Literally this, we had contractors working at JLR for nearly 15 years,  same role, same daily rate,  same conditions.  They were part of the furniture.