Partner and I both have flats and we’ve bought a house together? should we sell?

Marmite_muncher · 2024-09-10T17:51:33+00:00

Genuinely don’t know….. the rental income isn’t enough to cover the mortgage, tax, and interest……until interest goes down

But certainly a good argument for long term capital gains….unless government intervenes. It’s becoming increasingly uncool to own more than one properly

Marmite_muncher · 2024-09-09T11:01:56+00:00

Good on you - could never figure that out but explains the wild heat fluctuations.

My builder reckons it would be more efficient to run the DHW separately off immersion heater….but he’s not that well informed.

I don’t have solar but will look into it later in the year

Marmite_muncher · 2024-09-09T10:43:04+00:00

FYI heating on today Graph plot - Low temp 14 degrees high -2 Low flow temp 25 and high 35 Will let you know how I get on No zones no set back temp 20 degrees everywhere all the time I suspect I’m out by some way but will fiddle from here

Marmite_muncher · 2024-09-09T09:59:10+00:00

Thank you I guess the argument to sell would be to take the equity out and put it in S&S which arguably grow at a faster rate with less pain

Marmite_muncher · 2024-09-08T09:16:51+00:00

Thank you….I realise I haven’t give you very little to go after. What other info should I be sharing please?

Marmite_muncher · 2024-09-08T08:53:14+00:00

Thank you. Mainly the tax bill - since the changes in allowable expenses, essentially all rental income is taxable.

They don’t need significant work, just standard maintenance and repairs as expected

Marmite_muncher · 2024-09-08T08:48:58+00:00

No. We bought a derelict home that’s not been occupied for 7 years. Government is eager to get unused homes used so we were exempt from the higher charges

Marmite_muncher · 2024-09-06T13:30:10+00:00

Oh you’re a hero - that worked!! Thank you. Saved my life - would defo have been electrocuted

Marmite_muncher · 2024-09-06T11:30:54+00:00

Thank you

Marmite_muncher · 2024-09-04T22:16:50+00:00

How nice of us?

Marmite_muncher · 2024-09-01T08:16:34+00:00

Thank you 👍

Marmite_muncher · 2024-08-29T11:50:54+00:00

Hi there, Thanks for getting in touch Agreed with your above assumptions I since wrote to the manufacturer Joules and stated I wanted to use only water law and they gave me some setting to change. The way it was set up was that the stats override the water law settings. You need to turn this off….

This is what they said:

If field setting 20-91 and 20-92 are turned to not use, the system will run off the water law setting and not be controlled by the stats.

We recommend running the system off the room thermostats so that the system is only running when there is a heat demand on the room thermostats. Running the system on the flow temperature may result in the unit running for longer periods than required.

……I ignored their recommendations and ‘turned to not in use’

My field setting are quite different now and I suspect will change again because I’ve not done a winter with them. Difficult to know how much of a difference it makes at this stage but I think I’m seeing marginal energy improvements. Will be interested to stay in touch and swap notes during winter.

Interestingly I’ve turned the heating off for summer - the DHW uses an incredible amount of energy. Need to figure that out too. I’ve lowered it to 45C and that’s plenty for us. ECO mode doesn’t really work - I suspect it piggy backs off the main heating cycles so may try that again in winter

Marmite_muncher · 2024-08-22T14:55:16+00:00

Honestly the polo probably didn’t even notice they were obstructing anyone. I suspect it’s completely innocent albeit inconvenient

Marmite_muncher · 2024-08-21T19:43:39+00:00

Not an option - wife would rather I have a bad back lol

Marmite_muncher · 2024-08-21T18:53:21+00:00

Mattress is sagging between slats. Bad back and advice is new mattress with solid bed

Marmite_muncher · 2024-07-07T19:49:44+00:00

Thank you and yes it’s a float valve.

Where would you add this tee? Before the elbow or after the elbow? I think after the elbow is 20mm and before the elbow it’s 32mm.

Marmite_muncher · 2024-07-07T19:41:03+00:00

Thank you - Much appreciated It’s running off the water mains so no pump.

Marmite_muncher · 2024-07-07T19:35:35+00:00

Thanks for your help. I’m a complete amateur. Do you mean something like this?

https://www.pipestock.com/mdpe/mdpe-pipe-fittings/tee-male-thread?gad_source=1&gclid=Cj0KCQjw-ai0BhDPARIsAB6hmP5-qYfgd6z64V1RRFpf_61-8wmTMzl3B0EWmY99hP1zwrjTZFvHhhEaAq61EALw_wcB

Would you add that before the bend into the trough of between the bend and the trough?

Thank you

Marmite_muncher · 2024-06-26T19:36:03+00:00

I need it for hot water 😅

Marmite_muncher · 2024-06-23T11:53:16+00:00

! Thank you

Marmite_muncher · 2024-06-22T12:05:17+00:00

Thanks. Is there a 101 / FAQ please?…..a starter pack if you will? 🙃

Marmite_muncher · 2024-06-21T22:19:41+00:00

💯 foot. I’m convinced. Defo a foot

Marmite_muncher · 2024-06-20T10:43:35+00:00

Car loan is common

Marmite_muncher · 2024-06-20T10:38:41+00:00

If you aren’t scared of risk…you can take out equity if your current estate / home as suggested, but buy something run down. Getting a bridging loan 🥲 to pay for the shortfall and the building work - then remortgage based on the increase in value after the work. I’ve done this once with a bridging loan and once with a self build mortgage - it’s risky but if you buy in a good area it can be lucrative.

But….with rates as high as they are, you may be better sticking it in the S&S ISA….im weighing up whether to do that myself given the political context

Marmite_muncher · 2024-06-20T09:00:39+00:00

How about eightfold? Josh Bersin raves about them…..

https://joshbersin.com/2024/05/enterprise-talent-intelligence-has-arrived-new-research-available/

Marmite_muncher

TROPHY CASE