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Rents on the Up - The Times
Comments
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Who are all strapped as they're paying out on school fees. Often, these areas have less spare cash floating around in them than people think.
Bridging loans were the downfall of many in '88 / '90.
I don't think it was the school fees that have caused the problems to be honest as their wages more then covered this. It has been the extravagant spending in other areas which has been their problem. Living the London city life and wanting to show it in every way to impress. Didn't save, but spent spent spent.
"Life is difficult. Life is a series of problems. What makes life difficult is that the process of confronting and solving problems is a painful one." M Scott Peck. The Road Less Travelled.0 -
And the "research" was on a mere 200 [carefully selected?] propertiesneverdespairgirl wrote: »Looks to me like a vested-interest propoganda press release. "according to research from Paragon, a buy-to-let mortgage lender...."
Telegraph financial journalist Tom Stephenson? lived in Dulwich and admitted to sending his four sons to Dulwich College by serial remortgaging.The !!!!! has hit the fan big time. Can't sell old house and now having to accept a dire rental for first whilst paying the mortgage on new one. And this is a posh, private school area with loaded people supposedly!!
Here's a recent example of Dulwich house falling 13% since a recent purchase0 -
So people are renting rather than buying. That implies that they are also renting rather than selling. Bloke moves from Exeter to Evesham for work and can't sell his house so rents it out. Total number of places available to rent rise by 1 in Exeter and falls by 1 in Evesham.
Overall there is no net change in the number of places empty. The only time there will be a big change in rental prices is if there is a big internal migration - if a lot of people from Exeter decided to move to Evesham then there would almost certainly be a drop in rents in Exeter and a rise in Evesham. I haven't seen any evidence of large-scale internal migration.0 -
Coming to the end of a variable base rate + 0.3% buy to let mortgage which then moves to +0.9%. I don't think I will get any better deal if you take in to account remortgage fees. Rent will have to rise and even may have to top up payments.0
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Coming to the end of a variable base rate + 0.3% buy to let mortgage which then moves to +0.9%. I don't think I will get any better deal if you take in to account remortgage fees. Rent will have to rise and even may have to top up payments.
Maybe it'll work, maybe you'll end up with an empty property. It's better to have a flat that's rented at £500 per month than one that isn't rented at £600 per month!0 -
Supply and demand
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To be honest if my landlord suggested raising the rent anything more than 10 pound a month i'd tell him to sling his hook. Or I'd negotiate the current rent for 12 months... explaining him his loses when he evicts me :P0 -
baby_boomer wrote: »Telegraph financial journalist Tom Stephenson? lived in Dulwich and admitted to sending his four sons to Dulwich College by serial remortgaging.
Having 4 sons at Dulwich College would *hurt* - Dulwich charges quite a lot more per pupil than James Allen's Girls' School does, even though JAGS has much better exam results (-:...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Maybe it'll work, maybe you'll end up with an empty property. It's better to have a flat that's rented at £500 per month than one that isn't rented at £600 per month!
That point is lost on some LLs on these forums. How many times do we read "I'll pass that cost onto the tenant". They are going to learn the hard way.0 -
Throw away words again, give us the proof.MissMoneypenny wrote: »Property Bee and ARLA say another.0 -
22nd Jun 2008
* Price changed: from '£450 pcm' to '£395 pcm'
22nd Jun 2008
* Price changed: from '£425 pcm' to '£395 pcm'
25th Jun 2008
* Price changed: from '£450 pcm' to '£430 pcm'
25th Jun 2008
* Price changed: from '£475 pcm' to '£445 pcm'
Price changed: from '£520 pcm' to '£495 pcm'
Price changed: from '£575 pcm' to '£550 pcm'
Price changed: from '£750 pcm' to '£595 pcm'
out of 100 rental properties in ng15
no rises
7% of property reduced in the past 10 daysIt's a health benefit ...0
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