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princeperch

Member since Nov 2010 • Last active Aug 2022

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  • in Miscellaneous and Meaningless
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    Assuming the solicitor has not cocked up I'd be wanting at least half the forthcoming bill off the purchase price. You'll need to get your mortgage offer amended tho which will take time.

  • in Miscellaneous and Meaningless
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    I take your point but paying 2.5x more interest than he had to on the amount he borrowed over a decade was not, imo, a cheap, wise or indeed necessary purchase. Still, you pay your money and take your choice.

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    A 5.5x multiple will make you get out of bed in the morning.

    A friend of mine in 2012 was acting like the sky was falling in and fixed his mortgage at 4pc for ten years. I told him not to do it.

    I was feeling uncharitable once and
    worked out he could have replaced both his bathroom and kitchen (which were both absolute shyte) with the amount of extra interest he ended up paying. As it is he fixed unnecessarily high for an unnecessarily long period and it cost him tens of thousands.

  • in Miscellaneous and Meaningless
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    I'm glad you were pleased with 3.4pc but I'm fairly sure I had a 2 year fixed deal with Tesco at 1.59 at the end of 2014/start of 2015, and after that then I got a 2 year deal with Halifax at 1.69, and then I got a 2 year deal with platform for 1.79 for 2 years (none of which had any fees attached to them).

    So 3.4pc in 2014 might have felt like a good deal but you could have saved a fair amount if you'd taken 2 year deals with no fees, or have I misremembered the deals I previously had?

  • in Miscellaneous and Meaningless
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    I'm in the happy position of not having to worry about rates for just under 5 years having fixed with utter blind luck at O.99pc recently , but we're I in the position of having to refinance in the next few months I think I'd probably risk going on a discount variable for a year or so.

    I'm pretty confident when the shit starts to hit the fan within the next year they'll have to bring rates back down. You want to be in the position where you can take advantage. Just my 0.2p worth

  • in Miscellaneous and Meaningless
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    threat of losing property’ note on the file

    Lol as if that actually happened.

    Did they put a little post it note of a Christmas tree on it and it gets put in a special filing cabinet ?

  • in Miscellaneous and Meaningless
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    Finally out of the ground. It's only taken a month and about 8 skips.

  • in Miscellaneous and Meaningless
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    Today hasn't been a waste then. Thank you.

    By way of extending my line of thought :

    In 2018 we had a rescue cat. He got very sick and needed an operation. He croaked it shortly afterwards. Total bill was 3k or so. I paid the bill and filed an insurance claim.

    The insurance company wrote to me saying I had made a mistake when I took out the policy as the rescue centre had paperwork which said the cat was born in 2011 rather than 2012 as I had put on the paperwork.

    They said they would happily pay the claim however I owed them £30 quid in adjustments to historical premium payments which I then paid and they then paid me the 3 large less then excess.

    If you get the calculation of your flat roof percentage marginally wrong I strongly suspect something similar would happen should you be unfortunate enough to have to make a claim unless there was clear evidence you tried to diddle then from the get go.

  • in Miscellaneous and Meaningless
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    If your house has 90pc flat roof and you outright lie about it then fair enough. If it's marginal or borderline whether it's 50 or 60pc and they expect you to both know and take an informed view on it, then I'd say that would possibly be an unfair contract term potentially caught under UCTA or whatever the relevant statute is nowadays.

  • in Miscellaneous and Meaningless
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    You also aren't under an obligation to over guess the size of the roof. If it were such a big deal they'd insist on a report from a professional with specific measurements or they'd look it up themselves during the underwriting process on Google earth. On a bog standard terraced house with a loft conversion like I used to own the roof would be, at a best guess about 50 pc flat, but it could very easily have been marginally more or marginally less. If it's a matter of such gravity it wouldn't be left to an unsophisticated client with a fairly glib and brief question about it during the initial screening process.

    I'd very happily again give the same answer particularly if there was a very significant delta in resulting premiums.

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