So . . . .

[nun_hunter]

That sums it up!
A 3-bed ex council house in ST5 will cost you c£80K and bring in £500 a month in rent, so the tenant buys it for you, providing you with a deposit for your southern bungalow.

For a buy to let mortgage you need a 25% deposit so still £20k plus living so far away I'd have to pay management fees to make sure it runs smoothly and paying an interest only mortgage would give me probably £150-200 a month profit which I'd have to pay tax at 40% as I'd then be in the higher tax bracket.

 

[User00035]

Home rule, nothing more, no matter the cost financially its worth it to me just to kick the eu out of our lives for good.
But that is now not going to happen, thanks to people like you, who feel if we can no longer be members, we can at least adopt all the EU laws and regulations.

Neil.

This is the crucial point about May's horrendous "deal" which no one ever talks about. They are fixated on the fictitious problem of the Irish backstop. The Irish border question is a decoy. The issue has been promoted as a means of thwarting Brexit by one Tony Blair who has been working closely with the EU negotiators and advising them on how best to damage the interests of his own countrymen. It is a non-issue. No UK government will ever impose a hard border in Ireland and no Irish government will either. The EU has no authority to demand a hard border between two countries who have decided mutually not to have one, so the matter is settled and barely worth discussing.
Getting hung up on the border question diverts attention away from the real horror of May's treaty of Versailles punishment deal which is, in essence, that it is a sorry pledge, legally binding and irreversible, to apply in perpetuity, that the UK will never seek to compete openly with the EU; that we will promise to adjust our economy and our legislature so that we remain always and forever at a competitive disadvantage to the EU, whatever laws the latter may enact, whatever disaster and crisis inflicts the Eurozone in future and however farther the steadily declining EU share of global trade falls.

It is an economic and political death sentence. And we are being asked to believe that it's only a slight tweak to the irrelevant backstop issue away from being approved by Parliament.. The mind boggles.

 

[JTO]

For a buy to let mortgage you need a 25% deposit so still £20k plus living so far away I'd have to pay management fees to make sure it runs smoothly and paying an interest only mortgage would give me probably £150-200 a month profit which I'd have to pay tax at 40% as I'd then be in the higher tax bracket.

Don't think about interest-only and spending the surplus! Think about getting it paid off. If local property is your long-term goal, then start small. Buy 1-2 lock-up stores/garages where you can see the end of the repayment period and rent them out. That way, you will have a target to aim at, and will overpay whenever you can. When they are paid off, a lender will look on your position more favourably, and you can go a bit bigger next time, and so on up the ladder.
Someone with a £40K secure job should have no problems.

 

[jimmy milnes]

So here's a point to the two people on this thread that are talking of house prices being beyond they're affordability.
After we leave the EU then house prices are going to slump so I'm led to believe so you may then be able to get on the ladder.
I do feel for people who can't buy they're own home I truly do, as I honestly think property is not worth what is asked for it in this country.
I'm the opposite I own properties and will be selling them in a few years in order to fund my pension an renting a place as I have no depends to leave it to

 

[AN DU RU FOX]

the houses they build to day are not worth a carrot,i,m on 4/5 sites a day and i.m telling you now if you saw how, bodge scarper and leggit builders do it you wouldnt touch one. and thats upto 4/500 grand.

 

[nun_hunter]

So here's a point to the two people on this thread that are talking of house prices being beyond they're affordability.
After we leave the EU then house prices are going to slump so I'm led to believe so you may then be able to get on the ladder.
I do feel for people who can't buy they're own home I truly do, as I honestly think property is not worth what is asked for it in this country.
I'm the opposite I own properties and will be selling them in a few years in order to fund my pension an renting a place as I have no depends to leave it to

Selfishly yes, but not worth it for the misery it'll cause those who can't afford their mortgages and lose their homes not too mention what it'll do to the country as a whole.

 

[Chasey]

Sadly it doesent work like that

I have been in the property game for over 20 years and when theres a recession or a crash in property prices it becomes damed near impossible to get a mortgage on second properties. The lenders just shrivel up and hide awaiting the recovery. Private mortgages become MUCH more difficult and much more expensive which kind of off sets the advantage of the price drop. Only people who can take advantage of a property crash is people with large equity or just good old cash.

I did OK in the last two big property crashes (early 90s and 2008-9) but I suspect this next crash to be savage, more like the crash in the 80s where interest rates spiked and repossessions flooded the market

A small group of people able to put down 15-25%+ deposit will be able to take advantage of it, but the majority will still be trapped by the lack of deposit funds
and restricted multiples

As usual people with cash will reep the rewards. Its very easy to make money if you have lots of money

I am rentals so it is likely ill be fine as rentals always do well in recession as new builds dry up and people fall fowl of the economic decline. The staggeringly stupid attack on private landlords in recent years will force rents up 10-20% in the short term so losses due to taxation and punitive conditions can be covered. How that will track with a recession will be interesting to watch but my 2p is if you have a mortgage, get rid of it as I see interest rates shooting up to 90s levels in the mid term. People who have been living well on 2.5% mortgages, wont know whats hit them when they hit 10%

 

[Olaf]

Home rule, nothing more, no matter the cost financially its worth it to me just to kick the eu out of our lives for good.
But that is now not going to happen, thanks to people like you, who feel if we can no longer be members, we can at least adopt all the EU laws and regulations.

Neil.

I thoroughly appreciate your Ideals, however, what I don’t understand is what you mean by „Home rule“ given that the governments white paper of 2016 on Brexit states in black and white that the UK Parlament has always had sovereignty over its laws and still does.
The fact that successive uk governments have strangled this country of its assets and have sold off and asset stripped our country through continuous austerity measures is sadly a problem caused by our governments.
Our world trade as EU members is a positive and not a negative.
If the EU is so restrictive then why can’t we hunt with dogs in the UK without having to jump through silly hoops ? Why can’t we own hand guns ? Why can’t we buy rifles without pleading permission from the Police ? Why is everything so expensive here in the UK ? Why can I buy alcohol and tobacco and tea and coffe at 25% of the cost of here when I’m in Germany or France or Spain?
If the EU is such a Socialist idea then why does Mr Corbyn so desperately want us to leave , despite the fact that he openly labels himself as a Socialist?
As things stand, the Uk has excellent authority within and without the EU as members. Why give up power in favour of a no deal or a crap deal with the EU ?
We are one of only two of the 28 nations that holds nuclear weapons too. The EU do need us , and we also need them , just as we have, and they have done since the end of the world wars.
Kindest regards, Olaf

 

[enfieldspares]

If the EU is such a Socialist idea then why does Mr Corbyn so desperately want us to leave , despite the fact that he openly labels himself as a Socialist?

That's easy. It is because EU Law prevents a national government from subsidising a domestic industry to cushion it from economic realities.

And so featherbed the heirs to the cabals of "Red Robbo", Jack Jones and Arthur Scargill. Out of the EU our Mr Corbyn can usurp taxpayers' money to subsidise as many makers of buggy whips, square wheels and golden elephants as he wishes.

So to my mind if you see a thing, Brexit, that unites Corbyn, Trump, Rees-Mogg and Putin in agreement everyone else's gut instincts should tell them it is just wrong, wrong, wrong!

 

[deeangeo]

Corbyn may, as do others, label themselves as Socialists, in reality, they’re Communists.

 

[Roro]

Corbyn may, as do others, label themselves as Socialists, in reality, they’re Communists.

If they get into power after brexit, the uk is in serious trouble.

 

[Klenchblaize]

Home rule, nothing more, no matter the cost financially its worth it to me just to kick the eu out of our lives for good.
But that is now not going to happen, thanks to people like you, who feel if we can no longer be members, we can at least adopt all the EU laws and regulations.

Neil.

This says as much about the failings of Government to ensure the electorate were suitably informed in the likely limitations and challenges of Brexit pre referendum as it does the expectation of those who voted leave. That Cameron simply didn't believe the vote would go the way it did lends further weight to the assertion the Conservatives seriously misjudged the mood outside of the Metropolis and as laid bare in this documentary:

BBC Radio 4 - Brexit: Bewitched, Bothered or Bewildered
"As we enter the New Year Adrian Chiles returns to voters he first met for the BBC more than two years ago and who come from both sides of the Brexit divide. Being alongside them he focuses on the issues they now feel lie at the heart of this complex debate as it enters its end game.

When Adrian first recorded with voters living close to his West Midlands home he encountered a range of reactions and listened to the emerging divisions not just across the region, but also within families themselves. More than two years later he encounters a much more nuanced, but no less passionate, debate that is taking place across the land.

Going beyond the usual culure of sound bites and slogans, Adrian meets young and old, wealthy and hard-up, white and non-white, who share a belief that their views have been ignored, diluted or misrepresented by mainstream politicians. He learns about their lives and their continuing concerns about immigration, jobs and the elusive benefits of an increasingly globalised world."

K

 

[kenbro]

For a buy to let mortgage you need a 25% deposit so still £20k plus living so far away I'd have to pay management fees to make sure it runs smoothly and paying an interest only mortgage would give me probably £150-200 a month profit which I'd have to pay tax at 40% as I'd then be in the higher tax bracket.

nun_hunter,
Don’t think for one minute that paying someone to manage your rental property will ensure it runs smoothly!
We’ve (Wifey and I) lost 5 figures in last 18 months on “Managed” property.
Regards,Ken.

 

[Bavarianbrit]

6.5K for me too in Kent, now it is at the small claims court, managers are not worth the agro.

 

[Hornet 6]

I thoroughly appreciate your Ideals,

I think not.
As for the white papers, I trust them as much as the government who took us, without asking into the EU.

Please give me just one good, and provable reason I should trust anything any of the elected governments of the last 25 years or so has said or done in the name of improving the lot of the electorate ?

Neil.

 

[Roro]

This says as much about the failings of Government to ensure the electorate were suitably informed in the likely limitations and challenges of Brexit pre referendum as it does the expectation of those who voted leave. That Cameron simply didn't believe the vote would go the way it did lends further weight to the assertion the Conservatives seriously misjudged the mood outside of the Metropolis and as laid bare in this documentary:

BBC Radio 4 - Brexit: Bewitched, Bothered or Bewildered
"As we enter the New Year Adrian Chiles returns to voters he first met for the BBC more than two years ago and who come from both sides of the Brexit divide. Being alongside them he focuses on the issues they now feel lie at the heart of this complex debate as it enters its end game.

When Adrian first recorded with voters living close to his West Midlands home he encountered a range of reactions and listened to the emerging divisions not just across the region, but also within families themselves. More than two years later he encounters a much more nuanced, but no less passionate, debate that is taking place across the land.

Going beyond the usual culure of sound bites and slogans, Adrian meets young and old, wealthy and hard-up, white and non-white, who share a belief that their views have been ignored, diluted or misrepresented by mainstream politicians. He learns about their lives and their continuing concerns about immigration, jobs and the elusive benefits of an increasingly globalised world."

K

He might have included ignored, diluted and misrepresented by the media along with that. The bbc is hardly unbiased.

 

[Olaf]

I think not.
As for the white papers, I trust them as much as the government who took us, without asking into the EU.

Please give me just one good, and provable reason I should trust anything any of the elected governments of the last 25 years or so has said or done in the name of improving the lot of the electorate ?

Neil.

I agree with you that our past governments are as slippery as eels . Just look at the kind of rubbish Mrs May is spouting at the moment.
Given the dishonest Lot that we have at present, I don’t think I could vote for any of them in a general election.
Assuming that we get a no deal Brexit, and have to try to trade on WTO rules, I wouldn’t trust any of these dishonest people to act in our interests, assuming that is that they were even capable of forming new and beneficial trading agreements with other Markets .
As things stand, the UK Has a very powerful voice within the EU if it retains its present position. Mrs Mays deal is an absolute joke and should be scrapped.
I’ve absolutely no problem with the UK being a stand alone country , it already is. It’s consecutive UK governments that have abused the freedom that this country has as members of the EU.
If we were to cancel article 50 and remain strong EU members , we could improve things here in the UK far more than if we leave with a no deal or a crap deal. The EU will never ever give us or any other country a better deal than a bad one. Because it protects its members.
And we are and can still be one of those members. There is nothing stopping the UK from leaving when it’s actually got a government that functions!
Kindest regards, Olaf

 

[bowji john]

There is no going back to how it was

We would be going back as a weak whipped dog brought back to heel

The EU itself has moved on - it is trying desperately to become a super state before it falls apart

We would go back belittled, with a minor role and no influence whilst huge pressure would be exerted to join the euro and capitulate what little nationhood we currently have

Any dissenting voice we might have would be ignored as they would have already called our bluff and know that in the end we bottle it

 

[nun_hunter]

nun_hunter,
Don’t think for one minute that paying someone to manage your rental property will ensure it runs smoothly!
We’ve (Wifey and I) lost 5 figures in last 18 months on “Managed” property.
Regards,Ken.

I wouldn't trust them either but managing a property from hundreds of miles away myself would be more hassle than it's worth.

 

[Klenchblaize]

He might have included ignored, diluted and misrepresented by the media along with that. The bbc is hardly unbiased.

If you can find the time to listen to the program I think you will be pleasantly surprised by how unbiased it is.

K