Followers

Thursday, 17 October 2019

Spending

I'm hopeless, my freezer doesn't seem to be reducing at all so the 'Yellow Sticker' shopping will only take place as and when I find a bargain and know I have the space to for it. Sunday saw me take advantage of the Lidl weekend special on 830g Extra Mature Cheddar @£2.69 instead of £3.99, that's £3.24 a kilo. I bought 4 and cut each block into 4.  They were wrapped and 14 went in the freezer. Although the cheese tends to be crumblier when defrosted it still has the flavour and I don't mind that.


When my pension payment drops into the bank next week I fully intend to utilise some of the grocery budget to stock up on 'personal hygiene' and 'household' stuff.  The toothpaste we alternate between is usually around the £3-4 mark. Tesco have Oral B Pro Expert on offer at £1.90 instead of £3.80 until the 5th November. They also have our deodorant at £1.40 (250mls) instead of £2.80. Lidl have a weekend special on non biological laundry gel 888ml @ 99p instead of £1.99, which is good for our everyday clothing. Its only hubby's work wear that needs biological and stain remover every now and them. I'll do a toilet roll, shampoo and hair dye stock take too and add were necessary. Fingers crossed Tesco send me some 'money off' vouchers or the November Clubcard coupons arrive promptly. Both would be very nice but doubtful. (Lidl leaflets are available to view online)

Our rental property will be vacated at the end of the month and we will assume responsibility for it on the 1st. The tenant has been there for 6 years and gave notice last month.  We  know it will be in a worn condition its the nature of the business. I've set up appointments with 3 estate agents who all sound keen to have the property on their books, although they each said would we consider renting it again for £800 a month!   I feel its time to unlock our pension pot before the new 'landlord' tax laws kick in, in April 2020. 
Ilford, Container homes

The problem is the government aren't building adequate numbers of council houses or enough new affordable homes. Nor are they providing any incentives for landlords. Since we've been a landlord they have chipped away at the tax allowances year in year out. Hence, social housing 'container' homes are popping up everywhere. They are aesthetically pleasing but very small, unbearably hot in the summer and freezing cold in the winter. Residents have complained about noise levels due to the lack of insulation between properties. You can see why Jaywick has its attraction, at least  properties there have proper walls, a seaside location  and a small  garden. 
The banks are also to blame, as there are people who can afford to rent but can't afford to save as well. In many, many cases the rental payment is more than a monthly mortgage payment if only they had a deposit to secure a mortgage. More and more children are relying on parents to provide a deposit. Thank heavens my 2 girls both got onto the property ladder before things went mad!  

I don't know where the Government gets their idea of affordable housing from when all that is built around my area is homes in excess of £300k. Most builders preferring to buy small parcels of land so they haven't got to hand any properties over to Social Housing. With no rent coming in I'll have to temporarily tighten my belt as we will have to pay Buildings Insurance which is due and Council tax on the property until it is sold. As well as  standing charges for the gas and electric. The water can be switched off and the system drained if necessary. I know this is all tax deductible on my final submission but you still have to find the money in the first place. 
My MOT is due, car insurance and I need new tyres, that's not going to be cheap. I also have last years tax bill to pay by December. While there's no negotiation with the tax man, I'll be hunting out deals with regards to the others. 
Bye for now. Tx




17 comments:

  1. When our rental has been empty our local council give us up to 6 months with 25% deposit - previously we could get it 'free' for up to 6.months - but at least it's better than nothing :)

    ReplyDelete
  2. No free time with our council at all. Full rate in all second homes. But its tax deductible. Hopefully it will sell quickly.

    ReplyDelete
  3. Good luck with selling it quickly. xx

    ReplyDelete
  4. Totally agree about social housing. I was brought up in a council house by parents who were very proud to have a lovely home and garden. Being a landlord is a difficult thing these days which is stupid when you are providing houses people need. Been following a couple on u tube who are building a container home and they worked hard on insulation!

    ReplyDelete
    Replies
    1. The companies providing the social housing are not providing a good service at all. But as long as the council can tick a box and say people have accommodation its job done. Disgraceful.

      Delete
  5. It is really hard for anyone to get on the housing ladder these days.
    I have never heard of these "container homes" wander what they will think of next.
    You are very good with saving on shopping, Lidl have some great offers.x

    ReplyDelete
    Replies
    1. The ate lots of councils agreeing to them. ILFORD is just one of the outer London councils agreeing to them. Lidl do some great weekend deals.

      Delete
  6. My son and DIL were renting - almost £700 a month - so they've been living with his wife's parents whilst they save (they live and work about 2hrs away from us) -it's really hard for first time buyers. A double edged sword at the moment as our DIL is now 5mths pregnant but her lovely dad is awaiting surgery for a sinister lesion in his leg, so it's all topsy turvy with emotions at present.

    ReplyDelete
    Replies
    1. The govt need to come up with a better shared ownership scheme. They could provide secured deposits and people could get their mortgage. It's the deposit so many struggle with.

      Delete
  7. Prices in the UK (particularly in the South) are horrendous as far as I can see. I suppose you can't compare France and the UK but I'm always horrified at the prices. Thankfully my son and his new wife were able to buy a small 2-bedroomed apartment 30 minutes from me at a reasonable price (in France). It's not what they want ultimately but they (his wife in particular) were adamant that they didn't want to "waste" money paying rent. My older son in Switzerland will probably never be able to buy but that is more normal in Switzerland. People there can have 100-year mortgages and often the mortgage is lower than the rent but saving up a 20-30% deposit on a home that can cost £600,000 is not doable for everyone. I don't think they are over-bothered though but it would break my heart to (yet again) pay 2-3 thousand pounds a month in rent. I hope your house sells quickly and that you don't have to do too much to bring it up to spec!

    ReplyDelete
    Replies
    1. Mortgages are often much lower than the rent. But saving for a deposit it difficult and property prices continue to rise. I'll be realistic regarding price and condition.

      Delete
  8. Hope you sell quickly.

    God bless.

    ReplyDelete
    Replies
    1. That you Jackie, it would be great to think 2020 is new beginnings in many ways.

      Delete
  9. You always seem to find really good bargains. I am so relieved that I bought my cottage during a down market. It has made all of the difference, not having to pay overpriced rents in California.

    ReplyDelete
    Replies
    1. Unfortunately any shortage of affordable homes will drive up price. Your cottage us great.

      Delete
  10. This Is An Excellent Post I Seen. I Have To Thanks To You To Share It It Is Really What I Wanted To See Hope In Future You Will Continue For Sharing.
    Buy To Let Mortgage Essex

    ReplyDelete