The grumpy thread

[Remspoor]

22 minutes ago, Talbot said:

Stop paying rent.  In the current climate it will take a minimum of 4 months to evict you, probably nearer 6.  You'll have saved up maybe £5k in rent over that period, which would be a good deposit for another house.  Rental references might be slightly harder, but it's very easy to fib somewhat and say you've been renting from family or something else.  Rental references are barely ever worth more than "that sounds OK".  Possibly if your rental paperwork is not legally correct it could take a year to evict, meaning you could be sat on £10k, which is getting a bit close to a mortgage deposit for a similar house (although not on that house probably as the landlord likely wouldn't sell to you!)

Maybe adios mortgage. https://www.creditladder.co.uk/blog/eviction-credit-score

Maybe Adios renting. https://england.shelter.org.uk/housing_advice/private_renting/how_to_rent_with_a_poor_credit_history

Question;  if a a new landlord purchased the property, with existing tenants, would they have to up grade insulation, gas or electrics as per newer regulations?

[SH1TE]

Going on a holiday to some webbed foot shithole holiday park

finlake lodges it's called so bound to be a shed/static caravan or other shithole. 

Thankfully didn't  have to get wallet out-so I can invest it in alcohol and piss off home after a day or so leaving partner and kids to "enjoy it"  with other family members. 

Seems load of hassle for feck all. 

 

 

[SH1TE]

1 hour ago, Remspoor said:

Maybe adios mortgage. https://www.creditladder.co.uk/blog/eviction-credit-score

Maybe Adios renting. https://england.shelter.org.uk/housing_advice/private_renting/how_to_rent_with_a_poor_credit_history

Question;  if a a new landlord purchased the property, with existing tenants, would they have to up grade insulation, gas or electrics as per newer regulations?

It should have a current inspection legally now so electrical installation upgrades unlikely. 

[Jazoli]

3 hours ago, sierraman said:

Also your chance of a reasonable reference goes if you choose that route. 

It's also the least cuntish thing to do, I've been a landlord with cunts for tenants who've not paid rent and trashed the fucking house owing thousands, it's a cunts trick, I can't believe people are recommending not paying, I hope to fuck you never have to rent your own house out.

[Split_Pin]

Aye as said in earlier posts and coming from a one-time mortgage advisor, please do not pick option 1 of not paying rent.

Simply put, you'll propel yourself into a world of arse. For a considerable period.

[sierraman]

1 hour ago, Talbot said:

Strikes me you have a few options, depending on a few assumptions made.  Those assumptions are:  150k house at 7% return PA means you're probably paying £875/month or so.  Mortgage on that property might be £500-£600 depending on type and provider, and a 10% deposit of 15k.

1. Stop paying rent.  In the current climate it will take a minimum of 4 months to evict you, probably nearer 6.  You'll have saved up maybe £5k in rent over that period, which would be a good deposit for another house.  Rental references might be slightly harder, but it's very easy to fib somewhat and say you've been renting from family or something else.  Rental references are barely ever worth more than "that sounds OK".  Possibly if your rental paperwork is not legally correct it could take a year to evict, meaning you could be sat on £10k, which is getting a bit close to a mortgage deposit for a similar house (although not on that house probably as the landlord likely wouldn't sell to you!)
2. Keep paying rent.  You'll still run the risk of eviction if the house sale is to someone who wants to live in it rather than someone who wants a tennant.  But you might get a good reference.
3. If you can get a loan from friends/family/someone for the mortgage deposit, and then make the owner a lower offer for a quick and easy sale.  If you got it for £140k, that would be £14k deposit needed.  With the difference between your current rent and the mortgage, you could pay off your deposit loan in about 4 years and be no worse off.  Then after 4 years your outgoings would drop.

I am no financial adviser, but it does strike me that if you are looking at eviction anyway, any option is better than just continuing to pay rent.  For the amount you pay monthly at the moment, can you rent somewhere similar?

I knew this is the sort of suggestion you would come out with, if I could put £100 on the one person that would suggest all this Freeman of the Land stuff it would be you. 🤣🤣

[SH1TE]

19 minutes ago, sierraman said:

I knew this is the sort of suggestion you would come out with, if I could put £100 on the one person that would suggest all this Freeman of the Land stuff it would be you. 🤣🤣

What I don't get is Freeman argue using arcane set of rules,  if I understand how it works?🤔 They need ancient rules that are not in force to argue their case? 

Seems a lot of effort and far easier to do midnight flit and put tenancy in other persons name?  Staying off Census and Electoral Roll the way people disappear. 

Shite for landlords, they have to prove abandoned by tenants,  but visited several that left bright house furniture and massive utility bills. 

Negative equity 1990's,  friends posted keys back through building society door and went and lived between converted van and caravan. 

 

[horriblemercedes]

1 hour ago, sierraman said:

I knew this is the sort of suggestion you would come out with, if I could put £100 on the one person that would suggest all this Freeman of the Land stuff it would be you. 🤣🤣

*Freeman ON the Land

 

But that's not really Freeman stuff. Whether it's misguided or not is debatable, but it doesn't fit a Freeman attitude 

[High Jetter]

I think the shoe is on the other foot. Or is that Freeman, Hardy & Willis?

[Talbot]

5 hours ago, sierraman said:

I knew this is the sort of suggestion you would come out with, if I could put £100 on the one person that would suggest all this Freeman of the Land stuff it would be you. 🤣🤣

Do yourself a favour and get to fuck with comments like that.  Did I mention freeman on the land bullshit anywhere?  My point was that stopping paying rent is a viable option.  People do it all the time.  Yes, it's a cunt's trick, but the world is set up in favour of the tennant, and if your landlord is being a cunt in the first place, then as a tennant you are in a position to "claw back" something from them.

Tosser.

[sdkrc]

@sierraman is the Scotty Kilmer of Autoshite

[High Jetter]

However, a good (not great, am not worthy) landlord will be flexible if tenant is genuine, engages, and pays in advance. Has worked for me the last 30 odd years.

[New POD]

13 hours ago, Talbot said:

Strikes me you have a few options, depending on a few assumptions made.  Those assumptions are:  150k house at 7% return PA means you're probably paying £875/month or so.  Mortgage on that property might be £500-£600 depending on type and provider, and a 10% deposit of 15k.

1. Stop paying rent.  In the current climate it will take a minimum of 4 months to evict you, probably nearer 6.  You'll have saved up maybe £5k in rent over that period, which would be a good deposit for another house.  Rental references might be slightly harder, but it's very easy to fib somewhat and say you've been renting from family or something else.  Rental references are barely ever worth more than "that sounds OK".  Possibly if your rental paperwork is not legally correct it could take a year to evict, meaning you could be sat on £10k, which is getting a bit close to a mortgage deposit for a similar house (although not on that house probably as the landlord likely wouldn't sell to you!)
2. Keep paying rent.  You'll still run the risk of eviction if the house sale is to someone who wants to live in it rather than someone who wants a tennant.  But you might get a good reference.
3. If you can get a loan from friends/family/someone for the mortgage deposit, and then make the owner a lower offer for a quick and easy sale.  If you got it for £140k, that would be £14k deposit needed.  With the difference between your current rent and the mortgage, you could pay off your deposit loan in about 4 years and be no worse off.  Then after 4 years your outgoings would drop.

I am no financial adviser, but it does strike me that if you are looking at eviction anyway, any option is better than just continuing to pay rent.  For the amount you pay monthly at the moment, can you rent somewhere similar?

See your option 2. There's no way that a buyer would get a residential mortgage on a house with a tenant, as the vendor can't guarantee that they can have it empty on completion. Based on current eviction timescales, and rules, a tenant can play havoc with any lanlord that tries to time the completion date with the tenant moving out. Give them an S22, with 2 months notice and try and time the completion date with the end of the notice period is a mugs game. And could cost them dearly. 

So, the only people who could buy are cash buyers and those taking out a BTL mortgage. 

Cash buyer, might be tempted to play the waiting game and issue an S22 on completion. But who the fuck coukd be arsed. 

More likely is another property investor, who will ramp the rent if it's not at the current market rate. 

[New POD]

21 hours ago, cobblers said:

I'm not suggesting you just don't mention the dog at all to anyone when house searching and then just turn up with it when you move in, but that's probably what we're going to do if we need to rent again.

As a landlord I've always said "pets welcome" but given the demand for nice houses at reasonable prices, given the choice between 2 potential tenants, both civil servants, both with kids, I'd go with the one, whose pet was a gold fish, rather than the one with the old, incontinent dog. 

One suggestion you might make to your current landlord is that they remortgage on a Buy to Let mortgage, Interest only, and that would gain 75% of value, to use towards thier new place and give them a small income monthly. 

Say your paying £800, and the interest only mortgage is £300, that's £500, (minus tax) call it £4500 net a year. 

If the house is worth £200k they can get £150k out without the hassle of selling it, which will cost £10k in fees.  That £40k investment then is worth more than 10% return to them. 

You could even appeal to them, and explain that you are saving up a deposit and you'd love to buy it in the future, when you are able. 

[Split_Pin]

8 hours ago, Talbot said:

Do yourself a favour and get to fuck with comments like that.  Did I mention freeman on the land bullshit anywhere?  My point was that stopping paying rent is a viable option.  People do it all the time.  Yes, it's a cunt's trick, but the world is set up in favour of the tennant, and if your landlord is being a cunt in the first place, then as a tennant you are in a position to "claw back" something from them.

Tosser.

I totally appreciate your points of view, your right to reply and defend yourself and that sierraman has got your back up. 

But I'm not just going to sit here and watch a mod speak to someone like that and then be ganged up on by a few others on the back of it. Especially someone who has been a good egg to me over the years. 

Feel free to tell me to do one, delete/restrict my account, I'm past caring these days. I just wanted to respectfully make a stand.

OP, it's a shit situation and I sympathise. I think a lot of us, mortgage or renting are worrying if they'll keep their houses past October . My mortgage is due to renew that month and coupled with the energy price rise,  I'm firmly in that category.

Peace.

[sierraman]

8 hours ago, Talbot said:

Do yourself a favour and get to fuck with comments like that.  Did I mention freeman on the land bullshit anywhere?  My point was that stopping paying rent is a viable option.  People do it all the time.  Yes, it's a cunt's trick, but the world is set up in favour of the tennant, and if your landlord is being a cunt in the first place, then as a tennant you are in a position to "claw back" something from them.

Tosser.

I don’t know what I’d do without your advice. 

[Talbot]

20 minutes ago, Split_Pin said:

But I'm not just going to sit here and watch a mod speak to someone like that

I am not a moderator.

What I am is annoyed when someone like Sierraman makes a bullshit comment like he did.  Granted, I probably shouldn't' have reacted the way I did, but the basis of my comment stands.  I'm not going to delete or change it, as there's no benefit in doing so, but for someone to suggest I am spouting "freeman on the land" waffle, when all I did was point out that people stop paying rent and have to be evicted all the time, that person can indeed get bent.

Not in the mood.  At all.

[loserone]

Fuck the system

 

(by which I mean those AUTHORITY TYPES ON FORUMS who aren't allowed to make comments.)

[Talbot]

7 minutes ago, sierraman said:

I don’t know what I’d do without your advice. 

Point out to me where I even hinted about "freeman on the land" bollocks and I'll take it back.

And FYI, I wasn't offering you advice.  I was calling you out for being blatanly wrong.

[sierraman]

13 minutes ago, Talbot said:

Point out to me where I even hinted about "freeman on the land" bollocks and I'll take it back.

And FYI, I wasn't offering you advice.  I was calling you out for being blatanly wrong.

In your post you are dispensing fundamentally damaging and poor advice about just going your own way and choosing to not pay rent which if the OP took would likely cause him significant problems in the future. 

[loserone]

6 minutes ago, sierraman said:

In your post you are dispensing fundamentally damaging and poor advice about just going your own way and choosing to not pay rent which if the OP took would likely cause him significant problems in the future. 

I think that most people would agree that not paying rent is a stupid idea and will lead to problems.  But the consequences might not be as significant as one expects, and if it means being in a position to buy rather than rent it might be worth the risk.

 

Not to me, I might add.  I don't think I could cope with the stress of that.

[loserone]

I'll add: I know a few people for whom not paying rent has been a necessary decision in order to clear debts and build a deposit for another rental.  

[Talbot]

14 minutes ago, sierraman said:

In your post you are dispensing fundamentally damaging and poor advice about just going your own way and choosing to not pay rent which if the OP took would likely cause him significant problems in the future. 

Anyone who takes the advice of a random internet stranger without looking into things further is asking for trouble.  It might be damaging for some people, but I know of at least two people who had no real tennency agreement, who stopped paying rent, took about 9 months to be evicted, and saved up during that time.   Both ended up with enough cash to afford a deposit on a mortgage.  No ill-effects of not paying rent for that period, other than a pissed-off landlord, who deserved everything they got as they hadn't conducted the rental legally and the rentals were utter crap.

And yet again... point out to me where I mentioned anything about "freeman on the land".

[New POD]

52 minutes ago, Split_Pin said:

 

OP, it's a shit situation and I sympathise. I think a lot of us, mortgage or renting are worrying if they'll keep their houses past October . My mortgage is due to renew that month and coupled with the energy price rise,  I'm firmly in that category.

Peace.

I feel your pain. 

Interest rates have been (too) low for a long time. People are used to paying 1% or 2%, and are not used to paying at 5% or 10% 

Come 2023, many people will stop spending money on anything they don't need right now.  If you have a job now, look at what you can do to keep it. We might have full employment now, but as soon as people stop going to pubs, and restaurants and buying new stuff, the UK economy will take a dive. 

Start saving now, start looking at lenders who will allow you to pay interest only for a while, extend the mortgage term.  Take in a lodger, etc. 

It's going to be shit. 

[New POD]

7 minutes ago, loserone said:

I'll add: I know a few people for whom not paying rent has been a necessary decision in order to clear debts and build a deposit for another rental.  

I've tried to make sure tenants get thier deposit back very quickly, but it's usually too late for thier next deposit.

I'd be pissed off if they choose to not pay rent, to pay the deposit on thier next place, but if it were the last month, at least it would come back to me, in the deposit, provided they hadn't done significant damage. (None have yet).

 

[beko1987]

As a lifetime renter as much as its the twattish thing to do talbots analogy is correct... 

Me and the ex only afforded the deposit for the rental I'm in now by living at mums for 12 months and I never want to do that again. Realistically my only option to save another deposit would be to do exactly as described. 

I'd feel awful for it but it would be the only way 

[loserone]

9 minutes ago, Talbot said:

And yet again... point out to me where I mentioned anything about "freeman on the land".

Clearly you didn't.  But not paying rent is an uncomfortable concept for anyone with a sense of fairness.

[Talbot]

1 minute ago, loserone said:

Clearly you didn't.  But not paying rent is an uncomfortable concept for anyone with a sense of fairness.

I *absolutely* agree.   But, if the Tennancy isn't worth the paper it's written on, and the landlord is a grade-A bellend, it's a viable option.  For some people, in the right circumstances,

I'm just pissed off that rather than enter into a sensible discussion, a certain man of Sierras decided to make the comment he did.  And I took the bait.

[sierraman]

13 minutes ago, Talbot said:

Anyone who takes the advice of a random internet stranger without looking into things further is asking for trouble.  It might be damaging for some people, but I know of at least two people who had no real tennency agreement, who stopped paying rent, took about 9 months to be evicted, and saved up during that time.   Both ended up with enough cash to afford a deposit on a mortgage.  No ill-effects of not paying rent for that period, other than a pissed-off landlord, who deserved everything they got as they hadn't conducted the rental legally and the rentals were utter crap.

And yet again... point out to me where I mentioned anything about "freeman on the land".

If you cannot see that in the statements you’ve made about going off piste and deciding to make your own rules up about paying the rent then I’m not sure I could explain it any more simply for you. 

[Talbot]

1 minute ago, sierraman said:

If you cannot see that in the statements you’ve made about going off piste and deciding to make your own rules up about paying the rent then I’m not sure I could explain it any more simply for you. 

Seriously?  I'm not "making up my own rules" here.  If you can't see from the ensuing discussion that it could be a viable option for someone in the right circumstances, then I'm not sure I could explain it any more simply for you.