u/Consistent-Rope-9969

Looking through savills / allsops and plenty for sale in london usually housing association sales

Who in their right mind is buying with cost of work and RRA and stmp duty to justify the prices - Some of the flats are not even cheap but continue to sell and i cant see investors paying bridging finance and making a profit

Has anyone here actually bought in auction recently in london and if so why?

I see in this forum that redunancy insurance is expensive and a waste of money but I am prepared to waste 200 a month for that peace of mind provided it pays out

I am on 155K a year and work in a bank in city where redundncaies are common - I started six months ago and nothing tells me that I will be fired but I want to be extra cautious

QUESTION

Which insurer provides redundancy insurance only

Given a lot of people exit with a settlement agreement does this interfere with redundancy insurance payout when it happens

I dont want to get into a situation where I paid for a few years insurance and then am let go and am offered 30k redundancy via a settlement but that compromises the insurance product

Does anyone know anything about this in detail?

Really miss the whole IR35 days in canary wharf where everyone and their dog were contractors - Now all seems to be IR35 and offshoring has not helped and neither has AI but it is what it is

Current gig is 165K + 10% pension + 30 days holiday plus bonus of 10-20% (large bank) as a perm

What is the absolute minimum you would take as a contractor to compesate never mind increase your take home - Is it just 220K per year for the cocntract given both NI and income payable with a spread to allow for risk premium of not having perm notice period ?

How can I find a decent roofer - Have been burnt n the past so I really want to be extra careful

Is there a trade directory

Please dont tell me nextdoor or mybuilder

Do I really have to look for someone doing a roof project and assess whether that is good quality to decide or is there an easier way to find quality people

I keep reading that constrcution work has fallen off a cliff so I hope that gves me an advantage

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I always use open rent but I thought i would see wht agents in london are charging - if you have to give one fifth of the rent to some 18 year old in the office what is left for you?

https://preview.redd.it/ibflfr3xw6fh1.png?width=1280&format=png&auto=webp&s=eb4f7c974b5e5e560a75cd911f1ca0d09a6159c8

Have a two bed garden leasehold flat and struggling to sell - Its in a period house so should be super desirebale but merket sees dead

Anyone else selling and which agents are best for sales not letting

2010 model in mt flat - Has been leaking for some time - I dont know whether to spend a few hundred on fixing or whether to spend a few thousand (which I dont have) On replacing

The position of the flue and the fact its all boxed in means I will need to spend more after to redecorate so I would love to fix but the boiler man pushing me to replace

https://preview.redd.it/scfcnp6t6hbh1.png?width=1200&format=png&auto=webp&s=c890de7ebb7da3caac25b3a3dbe1fa456f74007a

https://preview.redd.it/oa3dez2v6hbh1.png?width=1200&format=png&auto=webp&s=1e6897c0bae9bea1df8f3e986eec8bde70729cc3

https://preview.redd.it/rdsteogw6hbh1.png?width=1200&format=png&auto=webp&s=597315804b62861da12e64f7beb9913432916c16

This used to be the list of documents that were required to be sent for each new tenancy

Now post renters rights reform I am wondering what is required because it is so confusing - For example the how to rent booklet no longer is needed and the tenancy from NRLA is a new format called assured periodoic tenancy

What documents are needed for a new tenancy

1. Tenancy agreement  

2. Signed deposit certificate

3. Deposit prescribed information for your records - To follow once deposit received 

4. EPC certificate  

5. property inventory 

6. Document register  

7. Gas safety certificate  

8. EICR electrical certificate for your records 

9. GDPR Notice  

10. Selective License  

11. How To Rent Booklet

So many people I know are selling in london and I dont hear anyone actively buying - Is there anyone that is still buying in auction or probate because things are starting to lok quite cheap

Saw a flat for sale at 530K which can bring in 2700 a month so that seems quite decent yield - In the past that would have been 650K with a smaller rental income