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  1. Telecaster

    Sitting tenant

    That's assuming whoever buys it doesn't want to live in it? The other thing I want to avoid is 20 people a day coming round and viewing it when I'm not here, can't say as I'm too keen on that idea, are there any rules about stuff like that?
  2. Telecaster

    Sitting tenant

    Small update to this: Trying to find somewhere to move to is proving to be a complete nightmare, not to mention very costly. I'm always 2 steps behind and whenever I enquire about a place I am bottom of the list to be called back about it. Some folks must have the luxury of being online all day...
  3. Telecaster

    Rent to income ratio

    Thanks for the posts sticking to the question I asked, I didn't think there was anything set in stone judging by how much some people spend on rent but I thought I'd ask. I already rent and have done for years so I know what I can personally afford each month, it was whether or not some numpty...
  4. Telecaster

    Rent to income ratio

    Is there a definitive number/formula for what you will be considered OK to rent? I see various different ideas all over the place- unlike a mortgage with its 4.25x salary or whatever it is- rent seems to be a bit more of a grey area. I need to know what I can seriously consider because simply...
  5. Telecaster

    Sitting tenant

    Either way it plays out I'll be out of pocket, new landlord will definitely increase the rent if they intend to keep a tenant in situ. If not and I have to move out I will have to pay market rent somewhere else which again will be more than what I pay now.
  6. Telecaster

    Sitting tenant

    Well in short I can't really afford to move so no, I haven't started looking. I mean I guess I'd have to give it some serious effort if they did indeed come back to me and said they're selling and want me out but at the minute I've done nothing about it as there doesn't seem to be any point.
  7. Telecaster

    Sitting tenant

    Oh we're on excellent terms, she thinks the sun shines out of my back side! I'm just wondering how long I should leave it seeing as I'm not planning on buying the place, just keep quite until they mention it again?
  8. Telecaster

    Sitting tenant

    I've checked my documents folder, the only thing I have relating to any sort of tenancy agreement is the original one after it ended with the letting agency, it is dated March 2017 and where it lists the 'Term' is just says for a period of 12 months. I can't remember what happened when it ended...
  9. Telecaster

    Sitting tenant

    I thought the term "sitting tenant" just referred to any rental property being sold with a tenant currently in it? I don't think I have a contract, when I moved in it was all through a letting agency and it was a 12 month contract but when it came to renew they wanted a hefty fee just to renew...
  10. Telecaster

    Sitting tenant

    I'm not sure to be honest, I'm in a block of 6 flats next to another block of 6 flats that are part of a new build estate that is about 6 years old, I am the first tenant of my flat, I think but I'm not sure that I may be the only renter left in these two blocks. She actually asked me if I...
  11. Telecaster

    Sitting tenant

    I'm likely to be one as my landlord has let me know they're potentially looking to sell my flat. Generally speaking are rentals sold to other landlords and I'm likely to just carry on or is it wise to start weighing up my options? Could have done without the hassle to be honest at this time.
  12. Telecaster

    Do you save money every month?

    And what is the cap on lending, 4-4.25x salary? 5% deposit is nothing.
  13. Telecaster

    Do you save money every month?

    Yeah just cut the lattes and avocado on toast and you'll have your £50k soon enough lol
  14. Telecaster

    Do you save money every month?

    Gee why didn't I think of that. Just the small matter of the huge deposit and house prices way over my mortgage lending rate to over come.
  15. Telecaster

    Do you save money every month?

    That's assuming renting isn't a choice. I can't afford to buy, at least anywhere I'd want to live. I could probably buy a scummy flat above a kebab shop but what is the point of that?
  16. Telecaster

    Do you save money every month?

    Well it's not enough to buy the stuff I want, I wasn't boasting I have tons of cash lying around, quite the opposite. It was more what is the point of saving when you save an amount that there's nothing really to do with it? The only two things I'd save for are a nice house and/or a nice car...
  17. Telecaster

    Do you save money every month?

    When you say 'treat' are we talking occasional/big one off kind of stuff or just small regular purchases? I've never really got this multiple accounts for different things, I just use one current account as I find it easier to keep track of everything.
  18. Telecaster

    Do you save money every month?

    I do but I often wonder why I bother as it seems like a useless pot of money, neither enough to afford a house deposit or buy a nice car, or do anything useful with at all. Don't get me wrong I wouldn't give it away but it just seems completely useless. I can understand it if you maybe earn a...
  19. Telecaster

    How are people affording cars?

    It's not that I care, I just think I must be missing out on some trick or scam that is letting people drive around in cars way above what you'd think they'd be in. It's more a fascination or interest than caring, not being into finance or credit I honestly don't know the tricks of the trade...
  20. Telecaster

    How are people affording cars?

    BTW I'm talking about average folk here, not business owners or contractors running Lambos. Just normal people that happen to have a new 5 series and a Mini on the drive.
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