dickygrace
www.richardgracecars.co.uk
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That doesn’t sound right, it was a lot of money but that would be £66,000,000,000,000, £66 trillion if I’m not mistaken. Maybe £10k each...
Be honest please.
- Thread starter FF1078
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That doesn’t sound right, it was a lot of money but that would be £66,000,000,000,000, £66 trillion if I’m not mistaken. Maybe £10k each...
rivarama
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That’s factually wrong math wise - as the UK gov didn’t spend £70trn on the bailout, and also comparing Apple to oranges as the government did invest in those banks as part of the bail out, and just provided liquidity to the market... so not really charity money that the £1m you’re referring to would be.
As an aside, it is widely believed that the US and the £1trn they spent on the TARP bail out generated a profit to the tax payer (unlike the UK government so far)
lifes2short
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im getting a headache with reading all the technical lingo now, apple, oranges, TARP
, plain English please
, plain English please 
daverichardson
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Cannot argue with your maths chaps. It was just a story I read in an august journal!
D Walker
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Me too..im getting a headache with reading all the technical lingo now, apple, oranges, TARP
Stamp duty is an issue now that the second stamp has come in for landlords
It has killed the London market for investors no matter what you say about being able to afford a 500k property to rent out the stamp could be a max of 60k so the yield takes an impact , the landlord will look to recoup this through rent so that goes up aswel
It has killed the London market for investors no matter what you say about being able to afford a 500k property to rent out the stamp could be a max of 60k so the yield takes an impact , the landlord will look to recoup this through rent so that goes up aswel
rivarama
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Either that or landlord will sell assets as it’s prob not worth it anymore- additional stamp duty % and non deductible interest. Add this to bad yield in London, just not worth the trouble, especially in a market that might not appreciate for the next 5-10yrs.
What your left with, is an adverse effect on rent prices for the tenant as the rental stock decreases... and the average person in London still cannot afford a £500k flat/house... so the government really screwed the lot
Dont believe what the media are saying about everything is alright and that we will do great after brexit as i have witnessed a lot of people not selling or buying and prefer to build extensions instead as they are scared to make a move
Thus already im looking to get out of the industry as im not earning anywhere near what i was this time last year (and that was low)
Thus already im looking to get out of the industry as im not earning anywhere near what i was this time last year (and that was low)
Navcorr
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Has this been the case since Building Regs. were relaxed a few years back?
lifes2short
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you can do a lot of things under the revised "Permitted Development Rights" now, build good size extensions, outbuildings etc and all without having to go through all the usual planning fannying around, the one I particularly like is that you can build as many outbuildings in your garden/plot as long as it's no more than 50% of the whole plot and no higher than 4m if pitched roof or 3m for flat and 2m away from boundary, start building those man cave garages
lifes2short
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you just need to bosh in for a "Lawful development certificate" planning authority cannot refuse if falls within permitted development rights, about time they made things simpler for developments that have no real impact and just cause all sorts of unnecessary delays and expense for householders
rockits
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That's my plan....you don't need planning but buildings need to adhere to building regs if over 400sq ft I understood. I reckon a massive garage, leisure building and snooker building.you can do a lot of things under the revised "Permitted Development Rights" now, build good size extensions, outbuildings etc and all without having to go through all the usual planning fannying around, the one I particularly like is that you can build as many outbuildings in your garden/plot as long as it's no more than 50% of the whole plot and no higher than 4m if pitched roof or 3m for flat and 2m away from boundary, start building those man cave garages
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Yes but even more so now.
Enfield council has gone from 3 meters to 5 meters without permission so that doesn’t help when i want them to sell but for 40k they can stay and extend and have the same sq ft as they would have done but that would have been 100k more
rockits
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It isn't compulsory to read it you know. Just because you find it boring doesn't mean to say others don't find it interesting or useful.
lifes2short
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Charming, I was quite enjoying reading this thread and all the opinions, what am I going to do for the rest of Sunday now
, I was quite enjoying reading this thread and all the opinions, what am I going to do for the rest of Sunday now
Navcorr
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Some friends extended shortly after the '08 crash - they had been planning on moving but an extra bedroom wasn't worth the extra cash. As you say uncertain times can't be helping.
midlifecrisis
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I believe, if I'm allowed to enter an opinion based on reading and research, that the stamp duty reforms of recent years was to make it more gradual rather simply on bands.
The doubling of stamp duty was purely aimed at multiple property investors buying properties but keeping them empty as they would increase in value due to the natural market inflation of late. Effectively making empty flats a commodity, keeping rents high due lack of supply.
It's all going to go Pete Tong when Brexit occurs and armageddon ensues... BUT don't worry, it's not the end of the world.
The doubling of stamp duty was purely aimed at multiple property investors buying properties but keeping them empty as they would increase in value due to the natural market inflation of late. Effectively making empty flats a commodity, keeping rents high due lack of supply.
It's all going to go Pete Tong when Brexit occurs and armageddon ensues... BUT don't worry, it's not the end of the world.