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arista · 27-02-2021, 10:30 AM

This Wednesday
Rishi Sunak is giving a Budget within Lockdown
so many are calling it an Emergency Budget.

Helping buying Homes
is a big move with Government
will back the youngers debt.
Well Risky.

[Rishi Sunak: UK economy to face
'enormous strains' following lockdown
Sunak is expected to include a host of actions to kickstart
the economy in Wednesday's Budget.]
https://news.sky.com/story/rishi-sun...kdown-12230212

Budget 2021: Mortgage guarantee to help buyers with 5% deposit
https://www.bbc.co.uk/news/uk-56218952

[The chancellor is also expected to announce a £126m
scheme for traineeships in England.]

[Government borrowing has reached £271bn for the financial year.]

Oliver_W · 27-02-2021, 10:43 AM

Sounds interesting, I might snap up a flat while the goings good, put it up for rent and sell it later.

arista · 27-02-2021, 11:00 PM

arista · 27-02-2021, 11:01 PM

arista · 27-02-2021, 11:06 PM

arista · 27-02-2021, 11:08 PM

arista · 27-02-2021, 11:51 PM

arista · 28-02-2021, 12:31 AM

arista · 28-02-2021, 09:59 AM

Shadow Chancellor Anneliese Dodds
has gone round all the media today
making up
a rumour as fact. She claims Rishi Sunak
said " he told Conservative MP's he would raise taxes now
so he cut them before than the election"

Rishi Sunak told Marr BBC1HD
on his long interview
That is Not True.

Dodds must stop making up lies.

Toy Soldier · 28-02-2021, 10:15 AM

Quote:

Originally Posted by Oliver_W

Sounds interesting, I might snap up a flat while the goings good, put it up for rent and sell it later.

A lot of these guaranteed/low deposit mortgages are for live-in owners only and have specific conditions that say you can't buy to rent.

I considered it last time they were doing 5% deposits because at the time there were one-bedroom flats in a town near here going for £20k and renting for £450/month. I had dreams of being a slim landlord

. But alas, no, you need a specific type of mortgage to rent out.

Officially anyway. You could always rent to someone dodgy if they're willing to pay cash in hand

Vicky. · 28-02-2021, 11:16 AM

Its a good thing they are protected in that way really though. God, dealing with landlords is stressful enough nevermind some guy down the road owning my house off a bloody tiny payment..

arista · 28-02-2021, 11:37 AM

Pubs all over the UK are Boarded Up
for now.

Toy Soldier · 28-02-2021, 11:41 AM

Quote:

Originally Posted by Vicky.

Its a good thing they are protected in that way really though. God, dealing with landlords is stressful enough nevermind some guy down the road owning my house off a bloody tiny payment..

To be fair, the two best landlords I've had were both "small" landlords with one property. One was a guy who had basically done what is being described here, but with a view to actually living in the place eventually - he had bought but was still living at home, renting it out to get it paid off fast, with his plan being to then live there himself. It meant that if anything broke or needed replaced, it was done to a really high standard. Generally landlords who are simply renting out multiple properties for profit will go with the cheapest option/fix.

e.g. I've never actually met my current landlord. We've lived here for 7 years! All we see of them is whatever dodgy cowboy they send round to deal with any issues. Though to be fair the plus side of that is getting to treat it not like a rental at all - within the first year they gave us a carte blanche "Whatevz" in terms of redecorating and even major changes (we had an old fireplace ripped out, lol) because I think they frankly don't care much about the property and are just using it as an easy extra income. I suspect they'll sell when we leave.

Vicky. · 28-02-2021, 11:52 AM

Quote:

Originally Posted by Toy Soldier

To be fair, the two best landlords I've had were both "small" landlords with one property. One was a guy who had basically done what is being described here, but with a view to actually living in the place eventually - he had bought but was still living at home, renting it out to get it paid off fast, with his plan being to then live there himself. It meant that if anything broke or needed replaced, it was done to a really high standard. Generally landlords who are simply renting out multiple properties for profit will go with the cheapest option/fix.

e.g. I've never actually met my current landlord. We've lived here for 7 years! All we see of them is whatever dodgy cowboy they send round to deal with any issues. Though to be fair the plus side of that is getting to treat it not like a rental at all - within the first year they gave us a carte blanche "Whatevz" in terms of redecorating and even major changes (we had an old fireplace ripped out, lol) because I think they frankly don't care much about the property and are just using it as an easy extra income. I suspect they'll sell when we leave.

Haha well tbf I dont think I have ever actually had a 'small' landlord. I only 'know' how much **** about it would be because when my grandma died my mam was left her house and considered renting it out for a while, but she did not have the capital to basically..sort out any potential issues so ended up selling instead.

Luckily have only ever had council or housing association besides that (our current HA are dicks about fixing some stuff like..but I think thats 'cos covid' rather than them being crap)

Just the thought of someone who..if like the rest of most of the population has no/very low bloody savings..having control of my house fills me with dread

arista · 02-03-2021, 10:11 AM

[The chancellor is expected
to give £408m to help museums,
theatres and galleries to reopen in England
as coronavirus restrictions ease.]

https://news.sky.com/story/sunak-pre...inues-12233223

Vicky. · 02-03-2021, 12:32 PM

Rishi needs to find a bigger money tree I think. These places are going to need ongoing support for a while realistically..its not good just supporting them, til they open then expecting them to deal.

I feel really bad for him tbh. Its a hard enough job to start with, nevermind being in this situation ontop!

arista · 02-03-2021, 01:27 PM

Quote:

Originally Posted by Vicky.

Rishi needs to find a bigger money tree I think. These places are going to need ongoing support for a while realistically..its not good just supporting them, til they open then expecting them to deal.

I feel really bad for him tbh. Its a hard enough job to start with, nevermind being in this situation ontop!

He has that
so long as in a few years Taxes go up.