Lloyds Banking Share Discussion Threads

[ignoble] 12/4/2020 17:43

The Banksdo all they can to keep Property Purchase attractive.
Gawd help them if values fall and the old Negative Equity rears its head...

[diku] 12/4/2020 17:41

Those who started buy to let say 10 or 15 years will have done ok...anybody buying now or bought in the last 3 - 5years the figures just doesn't stack up...

[jl5006] 12/4/2020 17:34

IGN 295
Does it matter who the LL is?
If the expression LL is outdated - what is the word?

[jl5006] 12/4/2020 17:32

IGN
So right
Property maintenance is a huge cost if you buy a flat - leasehold of course - you pay what contractors charge.
Property maintenance is a huge cost if you buy a freehold property and are not able to manage basic painting /decorating etc
Dont forget the mad greeners - and the commitment to stop gas heating in new homes - new eco boilers will cost £10k.
LLs will have to manage these and other problems. A Ist time buyer who cant change a light bulb- and the new fittings are more difficult - will be penniless in no time.
Let the landlord take the risk

[ignoble] 12/4/2020 17:22

Could be wrong but think a lot of private housing in Europe is owned by Pension Funds
They are the Landlord...

Could be wrong...

Landlord is such an outdated expression Land LORD... Really, lol

[utrickytrees] 12/4/2020 17:19

Bungalows are the way to go get them spec'd up with low tech gadgets like electric can openers, inflatable bath lifts & nose hair trimmers & Robert's ya dads brother, they absolutely love it.

[jl5006] 12/4/2020 17:18

The majority of people in France rent their properties - as they do in Switzerland and other EU countries.
What is this mad idea that buying a house with a mortgage is such a great idea?
Any graduate will be stuffed full of Uni fee loans that they have little chance of a mortgage. Those that have rich parent/s may get one with a big deposit.
The risks are huge - try selling your 250k bought property of 2 yrs ago - £125 k - best offers if ur buyer can get a mortgage.
Game has changed -

[bbalanjones] 12/4/2020 17:18

Amen, Amen . . . . . and it came to pass that when the esteemed Leader had confessed his "Road to Damascus" conversion to our NHS . . . . . that on his release from near death across the river, he was shipped off to his Country Seat that he may be successfully re-infected with the Party Line.

[ignoble] 12/4/2020 16:57

Greedy Landlords?
There is very little profit in letting
It is along term investment and the return comes after many years, if, as and when the property is sold.
The sale is subject to Capital Gains Tax
The property cannot be gifted to a child as again it creates tax liability.
The costs of letting are many
Rental Income is taxable.
Insurance, gas certification and other costs dig into the monthly income.
Maintenance issues are ongoing as are replacement or repair costs.Decoration needs to be maintained.
It is not a licence to print money.


Owning a home is not, as such, an investment as it is sold to us all.
It is a liability and the cost of maintenance is an ongoing money pit.
Monthly outgoings are a small fortune.

It is not worth a penny to you until you die and it is sold for the benefit of your children.
It does keep a roof over your head and is relatively secure once the mortgage is paid off.
Pray you don't need to go into a Nursing Home and it has to be sold..
25 years of paying a mortgage to see it all gone...
Not sure that if I had my life again that I would buy.
Instead, put monthly savings into accounts over 30 years or so and let someone else have the risk of the property
World has changed so much over the last 40 years... The game has changed
Imho...

[maxk] 12/4/2020 16:07

And the tories have had long enough to overturn the pensions tax grab.



Where is it?

[mr.elbee] 12/4/2020 16:00

none of this disgraceful buy to let lark happened before Brown took away Pension tax relief.

[diku] 12/4/2020 15:47

Not everybody are able to go to university and later be able to buy their own property...there are many who prefer to rent than buy so landlords do fill the gap...





Landlords do take risks - that isn't the point. The point is they help to remove opportunity from others and they generally remove that opportunity by using other people's money and not their own.

[maxk] 12/4/2020 15:33

Dont panic, the professionals are in charge...

[xxxxxy] 12/4/2020 14:51

Death and Taxes12 Apr 2020 2:20PMThat police lady on the photo would have stayed away if it were two black guys in hoodies instead of the poor sod with an exercise band.4LikeReplyandrew townshend12 Apr 2020 2:50PM@Death and Taxes That sadly is the truth, dids (travelers) are also exempt from the law these days, and the police wounder why few of us have respect for them.

[utrickytrees] 12/4/2020 14:48

Not really Bob weve still got plenty of Sweaty overhang from the princes days, he only took about a third of his men back with him, many had never seen a sort with her own teeth apparently so they stayed. Property prices are still slightly below average on account of all the murderous swivel eyed Jocks that come out of a full moon.

[bargainbob] 12/4/2020 14:27

Praise the lord , house price rises even in Derby ?

[utrickytrees] 12/4/2020 14:12

Yeah house prices will have nothing to do with shareholder dividend expectations or the exorbitant salaries of chief executives will it?

[smartypants] 12/4/2020 14:09

Behold and Praise be, Lord Boris has arisen..
Once again able to lead the free world to a glorious future.
At this time, It is clearly a "sign".
And, the really good news is that now he's out, that frees up 6 hospital beds for regular British peasants to die in.
Woo whoo!

[cheshire pete] 12/4/2020 14:09

PO: it was a response to a post by Minerve criticising making money out of property. Not twisting anything, just saying it as it is. Enjoy the rest of your day.

[pierre oreilly] 12/4/2020 13:53

xxxxy, Not many people are currently dying of the flu. It looks very much like Covid is the cure not only for flu, but for heart disease too. It wouldn't surprise me if many of the common deaths are quite uncommon today. Officially anyway.

[pierre oreilly] 12/4/2020 13:51

Cheshire Pete, Congrats on your excellent ability to somehow twist and turn the situation into Private landlords being the solution to high first time buyer house prices. I don't think I'll ask for the details! Talk about self-delusion.