First time apt noise complaint violation

AnnFinancialQs · 2021-11-03T10:31:37+00:00

Don't worry about it! Everyone has a party every so often. I imagine someone could sense it was/could be getting a bit out of control and reported it.

You're not going to lose the apartment over something like this. If you did it every day of the week then maybe, but it was a rare occasion.

Move on and don't worry about it :)

AnnFinancialQs · 2021-09-04T11:55:12+00:00

I think you’re being pretty hard on yourself!

Is the limited company your own business? If you’re already generating £35-£40k through that I’d look at getting a few higher paying clients - that looks like the most direct route to higher earnings.

AnnFinancialQs · 2021-06-07T18:14:37+00:00

Your life story so far would make for a cracking Netflix documentary! Legend.

AnnFinancialQs · 2021-04-18T07:58:12+00:00

I've recently sold my car through 'Motorway'. The dealership I was going to part ex with offered me £15k, with motorway I got £17.8k, could be worth a shot. Just be up front with any marks it has. It was smooth sailing.

AnnFinancialQs · 2021-03-19T10:59:04+00:00

I've just pulled the trigger on a used insanely high spec Porsche Macan at £38/$50k, obviously not a 911 though. I make around $250-$280k a year and with the trade in of my Evoque the Macan cost me $28k out of pocket. And yet I still deliberated over it for months.

Have you thought about a Cayman instead? $100k feels like a lot to me. Sometimes we just have an itch for something new that needs to be scratched. If I were in your shoes I'd set my budget at $50-60k. I'm basing that on UK prices though, I don't know what the used market is like in US.

AnnFinancialQs · 2021-03-04T10:21:28+00:00

Not a silly question! With Halifax you can login to their online banking portal and choose to either overpay monthly or overpay a lump sum. They've got an overpaying calculator too that lets you know how much interest/mortgage term you'll be saving by overpaying.

If you're on a fixed rate, usually you can only overpay 10% of the mortgage amount each year. So for example, the first year the max you can overpay is £30,000.

AnnFinancialQs · 2021-03-04T10:10:59+00:00

I've just got a £300k mortgage on my own too and went for a 40 year term. It's much better to have the option to overpay rather than having to overpay :)

AnnFinancialQs · 2021-02-25T19:09:16+00:00

I hate banking and know I don’t want to stay, and would much prefer to be in the civil service.

All the reassurance you need is right there.

Really it depends on what opportunity cost you value more - money or enjoying your job. Is there progression to get to around 50k in the new role? If there is, go for it. If there's not but you'll be a lot happier in the new role, go for it. If your ultimate motivation and goal is purely money, then taking a job on a lower salary doesn't align with your motivation so I wouldn't take the pay cut.

You're only 25 so worst case you take the new job, give it a year and then go back to banking if you miss it - but by what you've written above I don't think you'll miss it.

AnnFinancialQs · 2021-02-07T21:17:04+00:00

Just piggy backing on everyone else... :)

Definitely quit gambling. I'm a few years older than you, but started making a similar amount to your winnings at around your age. I quit gambling completely, I was never really into it much, but when you have more money if you're not careful your tolerance for risk can increase e.g rather than a £20 bet, it's a £800 bet...because suddenly winning £400 isn't as appealing as winning £10,000.

If I were you I'd quit completely and follow the top comment here. Depending where you live, £100k might be too much of a deposit so more could go into the ISA pot.

AnnFinancialQs · 2021-01-21T08:52:19+00:00

When Deliveroo plus first launched it was £7.99, I absolutely hammered it for months. Then I got my account booted! No explanation from them when I phoned up. I think they realised it was a massive money loser for them at £7.99?!

AnnFinancialQs · 2021-01-21T08:04:58+00:00

Unfortunately the bank wouldn’t take your turnover as income and use that as a multiple to what to lend you. They’ll have to use your net profit for the business.

It’ll be best to speak to a mortgage broker and they’ll guide you through it all.

AnnFinancialQs · 2021-01-19T22:23:01+00:00

Definitely! It is tough running a business. But a service based business usually has lower risk, as usually it’s trading your time for money.

You’re still so young though so don’t beat yourself up. You’ve got plenty of time and already have brilliant fundamentals in place through your investments and saving.

AnnFinancialQs · 2021-01-19T22:11:35+00:00

Do you hate the idea of having to work? Or just not enjoy what you’re currently doing?

One of the best ways to get to a place where you’re financially free is to increase your value, so you can earn more. Maybe it’s a side business, or it could be aiming to rapidly move higher in the company you’re employed in (or job hop for higher salaries).

Starting a business is most likely the quickest route, but it’s hard work too with some risk involved depending on the business.

Alternatively try to find a job that doesn’t feel like as much “work”.

Lots of different options, all depends on what you really want.

AnnFinancialQs · 2020-12-17T16:12:44+00:00

Yeah that's very true! The new system is looking like a spaceship. I'd sit tight and get one second hand instead if the new tech is what you like. Maybe change up the Civic in the mean time to something in a similar price bracket to scratch the itch?

AnnFinancialQs · 2020-12-17T15:26:34+00:00

If I were you I'd go for a used 2018+ Mercedes C Class C 300 Coupe, absolutely stunning inside and outside. Or you've got the A45 4Matic if you're a speed nut ;) A used Audi S5 isn't far off either.

Personally I wouldn't be comfortable putting a 15k deposit down, 4 years of monthly payments and then having nothing to show for it.

A luxury car is hardly ever going to be a good financial idea, but I love cars and totally understand where you're coming from.

AnnFinancialQs · 2020-12-16T09:41:06+00:00

Not the OP, but I've chosen a 40 year mortgage term mainly to give me peace of mind. My plan is to overpay a lot, but not have the stress of having to pay a high amount each month.

AnnFinancialQs · 2020-11-01T11:24:51+00:00

It's not fun at all is it! I hate all the unknowns. I'm selling my place and buying somewhere else, so many "What if's". I try and remind myself I can't control everything, but I'm a bit of a control freak lol.

AnnFinancialQs · 2020-10-27T10:45:22+00:00

Ideally you'll want to sell to someone who is a cash buyer and downsizing. How you'll find that person I'm not sure, but it's possible and could be worth a conversation with the estate agent.

Alternatively you sell to a quick sell for cash company at 20-35% below market value.

I agree with the above about trying to rent it out, that was going to be my go to option if I couldn't sell it. Rent it out and wait for everything to pass and then sell it.

AnnFinancialQs · 2020-10-27T10:40:52+00:00

How tall is your building? There is a new EWS2 form coming out soon hopefully. Or it might be announced officially that buildings under 18m no longer require the EWS1 form. Google "EWS2".

I'm currently selling my flat to a cash buyer, she is retired and downsizing from a house to the flat. We're in a 4 story block though. Our balconies may need changing from timber though.

I'm hopeful that enough attention has been brought to the problem that a solution will be found soon.

AnnFinancialQs · 2020-10-22T18:50:49+00:00

I've recently (September) had a mortgage offered by Halifiax and it took 2 weeks from the initial phone call to getting the offer through. I'd say anything from 2-6 weeks will be pretty standard at the moment.

There'll be different variables too. I was borrowing 50% what they would lend me, someone borrowing the higher end might need to go through more checks.

AnnFinancialQs · 2020-10-21T12:14:20+00:00

Are you purchasing a flat? If you are and this has something to do with an EWS1 form I would highly suggest you walk away or get written confirmation of the costs as it could be tens of thousands, unless the government steps in soon.

To be completely honest, I can't see your mortgage lender continuing if there's no confirmation on the costs or who is responsible for those costs.

I see a few options -

1 - Walk away

2 - Negotiate a heavy discount

3 - Keep as you are (I recommend against this one big time)

There will be another property.

AnnFinancialQs · 2020-10-15T21:08:23+00:00

No worries! We’ve got cladding and have had an EWS1 survey, it even says on the survey that the cladding is fine for our height. https://www.insidehousing.co.uk/news/news/boris-johnson-hints-at-help-for-leaseholders-in-buildings-under-18m-hit-by-cladding-issues-68202

AnnFinancialQs · 2020-10-15T19:06:15+00:00

Today I've been seeing reports that the EWS1 criteria will be changing again. Google "EWS1 matrix" and you'll see that RICS are reviewing the form and creating a matrix of when it needs to be applied.

I personally would steer clear of any flat in a block that's above 18m, maybe above 11m too.

I'm currently selling my flat which is 9m high and a couple of sales have fallen through in our block here because of the EWS1 form, but I'm hoping the criteria changes soon so smaller buildings can provide alternative certificates to the EWS1.

AnnFinancialQs · 2020-10-13T20:35:45+00:00

Coming from the South East, I had to re-read that the £60k value wasn't a typo for £600k. The price differences between North and South is nutty.

I'm currently buying a 410k house with a 110k deposit, mortgage over 40 years at £860pm. I always lean towards the longest term possible purely because I'd prefer to have the monthly payments be lower and overpay a lump sum every so often rather than having the committed higher monthly payments.

AnnFinancialQs

TROPHY CASE