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The way I read it is that the trust is a separate entity and no longer the property of the person who puts the assets in. That way, should the giver die, there is no inheritance tax to pay however...

Not really, they’d just get an inheritance early.

We have helped one daughter with a deposit, another (along with her husband) didn’t need any help and no doubt we will help the youngest too.
...

Lots of bullshit?

[emoji23][emoji23]

But you’ve not shown anything to back up those figures. I’m in East Sussex and whilst there are small one bed flats for £900 pcm, they aren’t £250k. Rental on anything costing that much would be...

That’s not necessarily the case, most tenants are paying much higher rents than their mortgage payments would be, it’s just that they don’t have the money for the deposit and fees.

I really can’t see a crash happening, demand still outstrips supply by an ever increasing margin. With nett inward migration of over 750,000 people last year alone, that probably equates to around...

It did, directly from those who could least afford it, the tenants.

Nothing to do with me, I’m just pointing out that it’s not necessarily all doom and gloom for first time buyers who bought during covid. To be fair though, they were buying just ore covid and covid...

Two of my daughters bought their first homes in 2020, both paying a little over £300k.

Both houses (one in Sussex, one in Nottingham) are now worth nearly £400k.

Not that it matters as...

According to the BBC yesterday, average prices rose around 1% in the year to July.

Like I said, I was bring a pedant and merely observing that your statement doesn’t necessarily hold true.

Even in the housing market, it is conceivable that a smallish area is booming whilst a...

Mean, median or mode?

Not that it matters because there are situations with all three where the figure can go up whilst the majority of the actual prices go down.

So your statement above is no...

Agreed, it’s a tax on revenue rather than profit.

It doesn’t mean that a rise in interest rates means a higher tax payment though, however anyone chooses to describe it.

Mortgage interest is...

I’ve not looked into it but I’d be surprised if that’s correct.

Landlords are taxed on their income without being able to offset mortgage interest, they are not being taxed on mortgage interest...

In 2006 we bought a property in Spain for €330,000. We sold it in 2009, a year after we moved back to the UK, for €180,000.

It was painful at the time but life goes on and we are still getting...

I think you’re focusing on the symptom rather than the cause, although you did just touch upon it in your last post.

Chronic under investment in social housing has forced those who will never be...

The charities (and I use that term loosely) don’t see it that way. They see that they own a portion of a property and are keen to maximise their return. The issues faced by the person trying to get...

Just enough to nip across to the Wirral and buy Ken’s then! [emoji106]

Being a pedant, the rates went up to 15% for less than a day which prompted the UK to leave the ERM.

And make George Soros a very very rich man!

Sorry, I was making light of the situation, I completely agree with you that their actions are a disappointment.

Those TV adverts won’t pay for themselves!

Or EV charging station which keeps people on site (spending) for longer.


SWMBO wants to move and saw a house come into the market last weekend.
We had a drive by on Sunday and hit chatting...

But will there be mass redundancies and high unemployment?

We are currently going through one of the lowest periods of unemployment ever and staff shortages are rife.

I’m not sure that we will...

Then surety you appreciate that a 600 sq ft apartment is neither a shoebox nor something a first time buyer wouldn’t buy?

In my view, it’s ideal FTB property.

There are a lot of two bed terraced houses up north in the 600 sq ft region.