Say hello to Barratt Homes' 'Brixton Square' on Coldharbour Lane (old Cooltan site)

Discussion in 'Brixton' started by editor, May 14, 2012.

  1. Rushy

    Rushy AKA some / certain posters

    To be honest, that's exactly what George Osborne's latest budget has done. Letting property is about to become unaffordable to most people other than cash buyers, those who can afford to fund a negative cash flow in return for a potential capital gain and anyone buying properties through a limited company (which are not affected by the new rules).
     
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  2. CH1

    CH1 "Red Guard"(NLYL)

    Can you explain this in more detail to an ex charity book-keeper?
     
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  3. Gramsci

    Gramsci Well-Known Member

    Has no one thought of setting up a residents group?

    Was up at Waterloo delivering to a flat in a new upmarket tower block ( a lot of these around central area now) and saw they had residents group to deal with communal maintenance issues and social events.
     
    Last edited: Aug 20, 2015
    Greebo likes this.
  4. CH1

    CH1 "Red Guard"(NLYL)

    I agree rent controls would be very desirable.

    The problem with buy-to-let is it is a cult reflected in BBC the programme "Homes under the Hammer" and similar Channel 4 shows.

    Back in the 70s/80s, mortgage financed buyers got MIRAS (Mortgage Interest Relief at Source).
    In those days mortgages were typically 10% interest rate and the subsidised rate was 7% for owner occupiers.

    Buy to let (if they existed) would have to take a bank loan at 10%+

    At the present time owner occupiers get no subsidy, but buy-to-let landlords have accountancy schemes to allow them to offset all costs of letting, including the mortgage, against tax on profits.

    I would say then that buy to let landlords have much better tax rights than owner occupiers. In a way this is similar to the right to buy stocks on margin that led to the Wall Street Crash.
     
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  5. leanderman

    leanderman Street Party: July 2

    Osborne has taken some useful steps toward removing the buy-to-letters' tax advantages

    But, as Rushy points out, the bigger players will be unaffected.
     
  6. Gramsci

    Gramsci Well-Known Member

    This surprised me so looked it up. Here is Guardian take on it. And I am surprised Tory government has done this. I reckon they did not say they would do this at election time.


     
    Last edited: Aug 20, 2015
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  7. leanderman

    leanderman Street Party: July 2

    It has to be one of the most unexpected budget measures ever.
     
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  8. Strangerdanger

    Strangerdanger Well-Known Member

    I know several of our neighbours - all very pleasant people. We've become quite good friends with one couple in particular, but given the hours we seem to work these days it's very difficult to be social. So I guess maybe you could say we keep to ourselves - but when you've just worked a 60 hour week, all you want to do sometimes is sit on the sofa at the weekend and recover.
     
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  9. CH1

    CH1 "Red Guard"(NLYL)

    I'm sure that's right. People doing 60 hours a week are hardly in a position to go round organising events like Lynda Snell on the Archers.
    I feel sorry for people chained to large mortgages - but then again I feel sorry for myself, unable to jet away to foreign parts because of no job.
    Its all Yin and Yang I suppose.
     
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  10. Strangerdanger

    Strangerdanger Well-Known Member

    Yeah such is life. I'm not complaining, I love my job! Just trying to explain why it may seem as some people are anti social.
     
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  11. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    The block is run really efficiently by BARRATTS, always clean and tidy and communal maintenance is also very good, with gardeners, cleaners, painters, on site frequently, so currently we dont have any problems, one quick call to the concierge seems to solve any issues.
    As for social events we have a raised garden platform which would be ideal for a social gathering.
    You've tempted me to put something up on the notice board.
     
    alcopop, leanderman and Gramsci like this.
  12. editor

    editor hiraethified

    They can probably afford that after they managed to get their already-minimal commitment to 'affordable' housing further reduced by those obliging folks at Lambeth Council.
     
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  13. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    Yep £2500 a year service charge, it's steep but at least you can see your money being spent
     
  14. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    The developers at the CEASARS night club in Streatham hill have already started to canvas buy to let landlords. The devopment is due to be finished in July 2017, but you can buy off plan in four weeks times.
    A two bed will be around £550,000 you can secure now at this price and purchase in 2017.
     
  15. DietCokeGirl

    DietCokeGirl All lost in the supermarket

    We're all fucked.
     
    leanderman, Belushi and editor like this.
  16. spanglechick

    spanglechick High Empress of Dressing Up

    Why do you put the names of businesses ("Barratts", "Caesars") in block capitals?
     
  17. Winot

    Winot I wholeheartedley agree with your viewpoint

    Mr Bim of Bar Bot
     
  18. Gramsci

    Gramsci Well-Known Member

    ffs thats a lot. Do they do a breakdown for you how its spent?

    I would not be surprised if Barrats make a small profit out of this service charge.
     
    equationgirl and Tricky Skills like this.
  19. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    MR BIM OF BAR BOT
     
    Winot likes this.
  20. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    Yes complete breakdown every six month
     
  21. Gramsci

    Gramsci Well-Known Member

    And you believe the breakdown?

    Barrrats whole raison d'etre is to make money out of people.
     
    editor likes this.
  22. CH1

    CH1 "Red Guard"(NLYL)

    Doesn't this remind you of Spain 10 years ago? God help these people if the market does actually come off the boil.
     
    Gramsci and editor like this.
  23. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    no reason to disbelieve it, it all looks fair and reasonable
    It's harder to get a mortgage than ever before, the lenders have a very strict lending criteria, most of these properties are being bought by people with a huge salary, at these prices they would need £55,000-£80,000 in the bank just for the deposit. As for buy to let, if the market dips the rent certainly don't.
     
  24. DJWrongspeed

    DJWrongspeed radio eros

    That's nuts, it's not Herne Hill, it's Streatham High Rd, hardly a desirable place to live unless you like counting buses.
     
    Gramsci likes this.
  25. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    image.jpg
     
  26. teuchter

    teuchter je suis teuchter

    "London Square"

    Sounds like a name designed to appeal to overseas investors.
     
    Gramsci likes this.
  27. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    Not really, I think that is the name of the developers, think UK investors are getting first option on this development as invites have just been sent out for a champagne and canapés pre launch pre viewing for selected guests to be held in a top London hotel for next week.
     
  28. editor

    editor hiraethified

    Everything is a fucking square or a village these days.
     
    equationgirl and Belushi like this.
  29. Belushi

    Belushi 01 811 8055 R.I.P.

    My estate is a "village" : D
     
  30. quimcunx

    quimcunx protestant traybake


    It is very villagey. You can see trees from the balcony. Round Old Street it's all about the Quarters.
     
    Belushi likes this.

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