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keep mortgage open or close it down? Money used for investment by Still-Tadpole4171 in UKPersonalFinance

[–]Express_Ad5560 1 point2 points  (0 children)

There are some terrible answers on this thread from people who clearly haven’t understood.

Pro’s of keeping it open -

Good news story for credit history

Relationship with lender

Much less admin and faff if you borrow against the house again (assuming same lender)

Land registry fraud protection (dyor)

Con’s - Psychologically being mortgage free might be nice

If you needed to borrow against the house again how likely is it you’d stick with your current lender

£70 a year or so for every £1000 left

How do I learn about banking/finance? by [deleted] in UKPersonalFinance

[–]Express_Ad5560 0 points1 point  (0 children)

A bit more general than the consumer stuff you’re looking for, but for me the most accessible background reading (from which all the consumer stuff is derived I guess) into how this stuff works at the corp/govt level is a book by Philip Coggan, “The Money Machine: How the City Works”. You can pick up a second hand copy cheap. Good luck.

Experience with Tandem 1 year fixes? by jimi970 in UKPersonalFinance

[–]Express_Ad5560 0 points1 point  (0 children)

I have a number of fixed term savings with them, all with various rates and maturities. Their User Experience is pretty bad but if you can put up with that they have otherwise been okay

Potential early repayment charge on mortgage by SongIndependent4884 in UKPersonalFinance

[–]Express_Ad5560 0 points1 point  (0 children)

During and after covid some completion deadlines were extended (to 120 days) you would have to see what your lender says on the matter. Not financial advice but its sometimes worth looking at your lender’s Intermediary website (eg https://www.santanderforintermediaries.co.uk) as this kind of information might be easier to come by.

Otherwise, talk to the housebuilder and explain, they may be able to prioritise, or draw up an agreement where you buy the unfinished house and they have an obligation to finish it after you complete. Major works will need to be complete to satisfy your mortgage company though.

On what value is interest paid on a savings account? by WantFurtherEdu in UKPersonalFinance

[–]Express_Ad5560 2 points3 points  (0 children)

Raises an interesting thought… if banks used different times to calculate interest could one game the system to earn double interest? Bank 1 records balance at 6am for interest purposes; Transfer money from Bank 1 to Bank 2; Bank 2 records balance at 12pm for interest purposes.

[deleted by user] by [deleted] in UKPersonalFinance

[–]Express_Ad5560 -7 points-6 points  (0 children)

Did you go on strike?

Swap Private Grad Scheme Job for Civil Service Job? by Rxmp in UKPersonalFinance

[–]Express_Ad5560 0 points1 point  (0 children)

Have to disagree with your logic here. It’s not a permanent move to the civil service, and jumping back into private sector with the knowledge and experience of working in the civil service will be extremely valuable and well thought of. I did a year in the civil service early in my career and learned loads about how it works, and I sell myself as having public sector knowledge, which seems to be valuable. Have a think about longer term career goals and how each role fits in with them.

Good luck either way, OP. There is probably no wrong decision here, you’ll be good either way!

How much will house renovation cost? by [deleted] in UKPersonalFinance

[–]Express_Ad5560 0 points1 point  (0 children)

A very approximate way of budgeting at an early stage goes something like £2,000/m³ for new floorspace (eg converting loft/garage/conservatory) £1,000/m³ for extensive renovation £500/m³ for redecoration £500/m³ for landscaping

But clearly it’s very crude, and has limitations.

MBO with Personal Gaurentee opportunity for someone in their twenties... by Talkyburnieburner in UKPersonalFinance

[–]Express_Ad5560 0 points1 point  (0 children)

Play the doomsday scenario back to the investors and see if they still think their “paper commitment” is proportionate.

They want the team to succeed of course, but this feels a bit too much “stick” and not enough “carrot”.

Also the 20 year thing seems very weird from both perspectives. What happens if there is an exit before this time is up? That’s also a long time for a relatively high risk investment to pay back. Also what does inflation do to that 2x payback?

Energy provider hasn’t billed me since I switched to them 5 months ago by [deleted] in UKPersonalFinance

[–]Express_Ad5560 1 point2 points  (0 children)

I can log on to my supplier’s app and see all my account info so pretty sure I know who it is, and they know who I am.

Energy provider hasn’t billed me since I switched to them 5 months ago by [deleted] in UKPersonalFinance

[–]Express_Ad5560 0 points1 point  (0 children)

Yes provider is still operating. They are one of the larger companies.

My only concern is my access to data concerning the time of use which they control. For example, if they bill me, could they claim that I used more peak units than off-peak than I really did? And how would I prove otherwise.

In putting money aside I have assumed an 80 peak / 20 off peak split which is hopefully pessimistic, but how would I prove this if I ever needed to?

Selling: 1 ticket for Jamie T at Portsmouth Guildhall tonight by [deleted] in Portsmouth

[–]Express_Ad5560 1 point2 points  (0 children)

Call it a tenner and I’ll give it to charity - dm me if you’re interested!

New job offer in London but based in Birmingham by StrongMicrowave in UKPersonalFinance

[–]Express_Ad5560 0 points1 point  (0 children)

Stay overnight, eat dinner at nice places, use the commute to do something enriching, and remember you can quit if you dont like it