spygirl

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  1. Agree
    spygirl got a reaction from JoeDavola in How Britain's £239billion buy-to-let bubble burst   
    Thats a very complex, involved statement which ignore the obvious cause -
    That cunt Brown blew the biggest credit boom the UK has ever seen, just so he looked a genius,  then crashed the economy.
    Lasted from 2001-2007 - 6 years. Ended 10 years ago and we are still seeing the ripple effects of that one eyed cunt.
     
     
  2. Cheers
    spygirl got a reaction from sarahbell in healthcare charges will leave vulnerable people without care   
    This is terrible.
    Why not get a charity to setup up a clinic where health professional can donate their time, after work or at the weekend?
    ....
    Thought not.
  3. Agree
    spygirl got a reaction from sarahbell in How Britain's £239billion buy-to-let bubble burst   
    Ohh! its like 2006 !!!!
    Except its not.
    Just say fine and remove your offer.
    When they contact you again take 5% off your previous the price. Say if it was not enough for the buyer then you have doubts too, which can only overcome with a lower price.
    Any seller or agent playing these daft games in the current market gets all they deserve.
     
     
     
     
  4. Agree
    spygirl got a reaction from sarahbell in How Britain's £239billion buy-to-let bubble burst   
    No.
    Theres nothing wrong with a BTL. Its a commercial loan ad should attract commercial rates and terms - typically 6% and 10 years to repay. Monthly costs would be 3x what an OO would pay on a mortgage.
     
    Regulated banks i.e. drawing down from BoE should nto be doing IO/nn amortising loans . Ever. This is the realm of unsecured commercial loan market who raise their capital from bond issues and charge about 3%/month compounding.
    IO BTL at APR similr to OO repayment is nuts and grossly mispriced for the risk.
     
  5. Agree
    spygirl got a reaction from The Generation Game in How Britain's £239billion buy-to-let bubble burst   
    Agreed.
    IN 2010 the coalion had a chance to get on with an emergency clear up.
    And they did fuck all, then as the economic destroying nature of Browns scheme came, Gidiot hen started on his mini Brown scheme anmes HTB and various 'get the chinese in', all of which are blowing up.
    All they had to do was put the brakes on IO lending - no law needed, just march the banks and get the BoE to read the riot act.
    Followed by cutting 200/m off TCa for 3 years and bumping up the hours to work from 16 to 30.
    Then denying all TC to non Brits.
    Capping HB to 600/m would have helped. and denying HB to non Brits too.
     
     
  6. Agree
    spygirl got a reaction from JoeDavola in How Britain's £239billion buy-to-let bubble burst   
    Your position is very Corbynish. And wrong.
    Money needs to be priced correctly.
    I dont work for a bank.

    AS well as higher borrowig costs, a LL faces voids, regulation and general run-around. This is why a LL should never be able to borrow more than OO.
     
  7. Agree
    spygirl got a reaction from wherebee in How Britain's £239billion buy-to-let bubble burst   
    Going by the nubmer of empty 'To Lets' I see out n about think thats up too.
    Sure there's migrants but they are living in dodgy slums, 10 a room.
    BTL with bank lending require the LL to check the immigration status and require them to have a bank accoutn and pay cash.
     
  8. Agree
    spygirl got a reaction from sarahbell in How Britain's £239billion buy-to-let bubble burst   
    Ohh! its like 2006 !!!!
    Except its not.
    Just say fine and remove your offer.
    When they contact you again take 5% off your previous the price. Say if it was not enough for the buyer then you have doubts too, which can only overcome with a lower price.
    Any seller or agent playing these daft games in the current market gets all they deserve.
     
     
     
     
  9. Agree
    spygirl got a reaction from Frank Hovis in OMG! Thats is so like 1990s!   
    https://www.dailymail.co.uk/femail/article-6620593/Mum-one-revealed-financially-dependent-partners-income-age-24.html
    Why doesnt she say shes a single mum and he prenteds to live with his mum?
    Then they can claim benefits.
  10. Agree
    spygirl got a reaction from Frank Hovis in How Britain's £239billion buy-to-let bubble burst   
    No. You have misunderstood.
    100k of 20y repayment for an OO will cos them ~700/m
    100k of commercial repayment is about 1400/m
    100k of nonamortising commercial loan is about 1000/m
  11. Agree
    spygirl got a reaction from sarahbell in How Britain's £239billion buy-to-let bubble burst   
    Ohh! its like 2006 !!!!
    Except its not.
    Just say fine and remove your offer.
    When they contact you again take 5% off your previous the price. Say if it was not enough for the buyer then you have doubts too, which can only overcome with a lower price.
    Any seller or agent playing these daft games in the current market gets all they deserve.
     
     
     
     
  12. Agree
    spygirl got a reaction from sarahbell in How Britain's £239billion buy-to-let bubble burst   
    No.
    Theres nothing wrong with a BTL. Its a commercial loan ad should attract commercial rates and terms - typically 6% and 10 years to repay. Monthly costs would be 3x what an OO would pay on a mortgage.
     
    Regulated banks i.e. drawing down from BoE should nto be doing IO/nn amortising loans . Ever. This is the realm of unsecured commercial loan market who raise their capital from bond issues and charge about 3%/month compounding.
    IO BTL at APR similr to OO repayment is nuts and grossly mispriced for the risk.
     
  13. Agree
    spygirl got a reaction from sarahbell in How Britain's £239billion buy-to-let bubble burst   
    Ohh! its like 2006 !!!!
    Except its not.
    Just say fine and remove your offer.
    When they contact you again take 5% off your previous the price. Say if it was not enough for the buyer then you have doubts too, which can only overcome with a lower price.
    Any seller or agent playing these daft games in the current market gets all they deserve.
     
     
     
     
  14. Agree
    spygirl got a reaction from Byron in immigration raid strips bar of licence   
    My take on all this migrant fuckwittery is that all businesses are required to take out migrant insurance.
    You have a designate person for each business who carries the can.
    For each illegal they get a 10k fine plus the repat cost.
    Let the insurance companies/people price  which business are more likely to have illegals.
    Stop putting the cost of the general tx payer. Maybe look to have the immigration enforcement as a profit source?
     
  15. Agree
    spygirl got a reaction from Frank Hovis in How Britain's £239billion buy-to-let bubble burst   
    Yeah it compensates her for not being able to cash up and move to live near her grandkids. in a smaller ,cheaper to maintain house.
     
  16. Agree
    spygirl got a reaction from Byron in immigration raid strips bar of licence   
    My take on all this migrant fuckwittery is that all businesses are required to take out migrant insurance.
    You have a designate person for each business who carries the can.
    For each illegal they get a 10k fine plus the repat cost.
    Let the insurance companies/people price  which business are more likely to have illegals.
    Stop putting the cost of the general tx payer. Maybe look to have the immigration enforcement as a profit source?
     
  17. Agree
    spygirl got a reaction from Frank Hovis in How Britain's £239billion buy-to-let bubble burst   
    Yeah it compensates her for not being able to cash up and move to live near her grandkids. in a smaller ,cheaper to maintain house.
     
  18. Agree
    spygirl reacted to gibbon in How Britain's £239billion buy-to-let bubble burst   
    That's it. No idea how any one could buy at today's prices and make money off BTL, even if you could make some money, all that stress and agro for couple hundred or a grand in profit every year. 
  19. Agree
    spygirl got a reaction from Kurt Barlow in How Britain's £239billion buy-to-let bubble burst   
    And the 2nd will probably be back on soon.
     
  20. Agree
    spygirl got a reaction from Kurt Barlow in How Britain's £239billion buy-to-let bubble burst   
    Look a the yields on BTL. And I mean proper yields.
    You need to allow for ~2month void plus 1 month for maintenance.
    IO BTL SVR - assuming yo have enough equity -  is around 5% at the moment.
     
     
    And to think that useless one eyed cunt did it all 'for the kids' too ...
     
  21. Agree
    spygirl got a reaction from Hopeful in How Britain's £239billion buy-to-let bubble burst   
    FFS. I think you are the wrong forum.
    There is money i n renting property.
    However to buy property to rent you either need cash or to borrow money.
    If the yield -as Franks pointed out - is below a passive investment then its pointless.
    For any active business, dealing with the day to day, you need your returns to be well north of your cost of capital/equity.
    Go away have alook at Grainger PLC. They are probably closest  to your 'big boys'
     
     
     
  22. Agree
    spygirl reacted to Kurt Barlow in How Britain's £239billion buy-to-let bubble burst   
    I need to over look the financial risks (which are not that great as I am effectively a cash buyer). I'm 47 this year, Mrs B is 43 and Jnr 3. We need a place to settle. While initially regretting moving to such an expensive location Mrs B has found a wide circle of Iranian expats in London as friends and locally we have meet some recent  blow in's like us (not local Essex knobheads) connected with jnrs nursery who seem like nice people. This has largely resolved Mrs B's homesickness. 
    Another problem with have found with frequent moving is it upsets our son and makes him feel very insecure especially after the periods of separation when we emigrated. The other day I was looking at the details of our old house and he looked at it and shouted 'my home' . He definitely liked that place over the current house we are renting. 
  23. Agree
    spygirl got a reaction from The Generation Game in How Britain's £239billion buy-to-let bubble burst   
    Agreed.
    IN 2010 the coalion had a chance to get on with an emergency clear up.
    And they did fuck all, then as the economic destroying nature of Browns scheme came, Gidiot hen started on his mini Brown scheme anmes HTB and various 'get the chinese in', all of which are blowing up.
    All they had to do was put the brakes on IO lending - no law needed, just march the banks and get the BoE to read the riot act.
    Followed by cutting 200/m off TCa for 3 years and bumping up the hours to work from 16 to 30.
    Then denying all TC to non Brits.
    Capping HB to 600/m would have helped. and denying HB to non Brits too.
     
     
  24. Agree
    spygirl got a reaction from Fully Detached in How Britain's £239billion buy-to-let bubble burst   
    They will no touch a rag tag collection of semis and flats.
    Its insane to even think it.
    A private lare LL wants a large block somewhere where there are rich people payig rent wit htheir own money.
    Or students lets.
    The ywant the property to be al lthe same, built to their spec. Not 100s of Tayllor Wimpey shitboxes.
  25. Agree
    spygirl got a reaction from JoeDavola in How Britain's £239billion buy-to-let bubble burst   
    Thats a very complex, involved statement which ignore the obvious cause -
    That cunt Brown blew the biggest credit boom the UK has ever seen, just so he looked a genius,  then crashed the economy.
    Lasted from 2001-2007 - 6 years. Ended 10 years ago and we are still seeing the ripple effects of that one eyed cunt.