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[Lamp]

 

[Gwadien]

Gonna agree with @Bodhi, I have an Xperia SP(I think?) and prior to that I had a HTC wildfire S and this is a space rocket compared to that.. And it's only a tenner a month in le contract. Maybe I could've got a better phone for the same price.. But I doubt it.

 

[soze]

Caught up with a friend this morning. He won a 2 bedroom recently renovated flat at auction for £15k last year. The downside is it only has 10 years ground lease or whatever it is so you can't get a mortgage on it. The reason it did not sell well is the lease holder wants £3k a year to extend it The flat is worth £180k at most. Here is where my mat was smart, he got a loan for the £15k and over ten years he will pay back just over £23k. So his loan is under £200. He went out and got a flat mate who pays £350 a month. So now for another 9 years he gets to live rent and council tax free as long as he keeps a flat mate. He has already save £6k towards his next real house purchase.

I was I was that cleaver / lucky. But by all accounts the Lease Holder (lives in the up stairs flat) is becoming a nightmare because he wants him out.

 

[Job]

Leasing is a joke..only rich fuckers could come up with a way to fuck over the poor even more.

 

[Nate]

Thing with loans is, you never know what might come up

I guess he'll get lucky still though if it sells again for higher then £15k once that landlord has him out.

 

[soze]

Thing with loans is, you never know what might come up

I guess he'll get lucky still though if it sells again for higher then £15k once that landlord has him out.

He is not going to sell it he cant make money on it with no Ground Lease. He is going to live in it with a flat mate for 10 years who pays the loan and the council tax. And at the end of the 10 years he should have saved £60k plus and be able to move into his next house. I like many other though he was throwing away £15k but as he said he has 10 years rental for free as long as he keeps a flatmate.

 

[Moriath]

A lot can change in ten years

 

[Ch3tan]

It can, but it's only a small loan. He clearly can afford it himself, and even as a rental price it's ridiculously cheap if he didn't have a flat mate. Really clever by your mate soze.

 

[Cadelin]

It is a calculated risk. He has basically paid 10 years rent up front. If he stays there for the next 10 years he will do very well out of it, if his circumstances change it might not be brilliant, but he has already saved up 1/4 of the loan amount so it sounds like it is a fairly safe bet.

While he doesn't own the ground lease he does own the property. Therefore the day before the lease runs out, he should theoretically be able to trash the flat (he owns the doors, windows, kitchen units he could just remove them all and if he hates the lease holder he smear shit on the walls). It would then cost the lease holder £10k+ to renovate it again. I am sure he could use that threat to get something out of the leaseholder.

 

[soze]

While he doesn't own the ground lease he does own the property. Therefore the day before the lease runs out, he should theoretically be able to trash the flat (he owns the doors, windows, kitchen units he could just remove them all and if he hates the lease holder he smear shit on the walls). It would then cost the lease holder £10k+ to renovate it again. I am sure he could use that threat to get something out of the leaseholder.

He has told the lease holder that is he does not stop being a cunt he will take everything down to the copper wiring with him when he goes. And he will too. The guy started saying that he could use the back garden for a BBQ he could park in the spare parking space if he wanted a friend over. When my mate told him he had no interest in paying £287k for the other 89 years ground lease (flat worth under £200k) that all changed.

 

[Job]

If they starting tracking down torrent users I'm fucked, just transferred

12 years slave
great gatsby
wolf wall street
philomena
last series of BBG and Family guy for my mother onto usb drive,,, feeling slightly guilty.

 

[DaGaffer]

I think he needs to get some legal advice. Because the lease is less than 21 years he doesn't have the right to buy the lease, but, the landlord is a moron if he thinks someone is going to pay that kind of money for a 99 year lease on a flat, ever. The best he could hope for is 3Kx(21-10=11), or 33 grand. Because once the the lease is over 21 years the tenant in the flat has right of first refusal on buying the freehold and as its a flat the other owners can share it. My missus has just had a valuation done on her London flat to buy the freehold (between three flats), and it will only cost about 35 grand in total.

 

[caLLous]

Sweaty palms, then.

 

[Moriath]

Sweaty palms, then.

Dicks heh

 

[Aoami]

Shia LeBouef has gone mad.

http://bleacherreport.com/articles/...m_medium=referral&utm_campaign=programming-UK

 

[Chilly]

He went mad long ago.

 

[MYstIC G]

I think he needs to get some legal advice. Because the lease is less than 21 years he doesn't have the right to buy the lease, but, the landlord is a moron if he thinks someone is going to pay that kind of money for a 99 year lease on a flat, ever. The best he could hope for is 3Kx(21-10=11), or 33 grand. Because once the the lease is over 21 years the tenant in the flat has right of first refusal on buying the freehold and as its a flat the other owners can share it. My missus has just had a valuation done on her London flat to buy the freehold (between three flats), and it will only cost about 35 grand in total.

It has to be more than 21 years when originally granted, if it was and @soze mate bought it with 10 remaining on it he might still be in with a shout of forcing an extension. He should read up on http://www.lease-advice.org and get professional help from someone suitably qualified.

 

[soze]

It has to be more than 21 years when originally granted, if it was and @soze mate bought it with 10 remaining on it he might still be in with a shout of forcing an extension. He should read up on http://www.lease-advice.org and get professional help from someone suitably qualified.

It was the guy upstairs house. He split it into two flats and then (we assume) to tried and save money on fees he auctioned it with only the 10 years ground lease. He then thought he would sell the remaining 89 years to who ever moved in. I don't think my mate is interested in the property long term and is just looking at this as a cheap rental.

 

[MYstIC G]

It was the guy upstairs house. He split it into two flats and then (we assume) to tried and save money on fees he auctioned it with only the 10 years ground lease. He then thought he would sell the remaining 89 years to who ever moved in. I don't think my mate is interested in the property long term and is just looking at this as a cheap rental.

That seems a little muddled. So the lease your mate bought is a total of 10 years from the point of creation, e.g. 01 January 1999 to 31 December 2009, and not a 99 or 999 year lease with 10 years remaining?

 

[soze]

That seems a little muddled. So the lease your mate bought is a total of 10 years from the point of creation, e.g. 01 January 1999 to 31 December 2009, and not a 99 or 999 year lease with 10 years remaining?

I have not seen it but the house was only converted to flats last year so it must be a new lease? I am assuming this as the guy upstairs is trying to sell an extended lease not a third party.

 

[MYstIC G]

I have not seen it but the house was only converted to flats last year so it must be a new lease? I am assuming this as the guy upstairs is trying to sell an extended lease not a third party.

Put like that it seems like he's trying to extort your friend to fund his own circumstances. Good on your mate for finding a solution.

 

[Billargh]

Phones installed with Flappy Bird selling on eBay after game pulled from stores.

wat

 

[caLLous]

I don't understand why people would pay anything extra for a phone with it installed (they only perceive there being a market for it because the game is no longer available), surely there are thousands of apk's (or whatever the Apple equivalent is) floating around on the net. It was free after all, so there's nothing shifty about it.

Feel sorry for the dev tbh, he got a lot of a) spam from companies wanting to monetise his game (which he clearly isn't interested in doing) and b) hate from people who disliked the game. Don't play it then you knobs.

 

[Billargh]

He also said he was earning far too much money from it (£30k/day) and it was ruining his simple life, just remove the ads on the game then. Failing that, let me have the daily £30k and I'll send negative emails back to everyone who gets in touch!

 

[Madmaxx]

He also said he was earning far too much money from it (£30k/day) and it was ruining his simple life

I hope thats not true lol, all I could think of after reading was the simpsons epidsode when Homer goes crazy ....

 

[Chilly]

No such thing as earning too much money. He's covering something up, clearly. Maybe his home life has gone to shit? Whole family begging for money etc?

 

[Billargh]

No such thing as earning too much money. He's covering something up, clearly. Maybe his home life has gone to shit? Whole family begging for money etc?

Surely he'll need the money for when Nintendo sues him from using so much of their material?

 

[CorNokZ]

It was a shit game. Dunno what the fuzz is about

 

[Chilly]

Surely he'll need the money for when Nintendo sues him from using so much of their material?

Or that.

 

[Edmond]

If you sell a phone you wipe it to get rid of your stuff, surely that would wipe the app too?