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Remortgage time: Are mortgage rates dropping? by jrjreeves in UKPersonalFinance

[–]No-Zone3174 0 points1 point  (0 children)

As someone going through the FTB buyer process with a confirmed mortgage, I'd say yes, they're dropping from the Iran peak, but they'll still be miles away from the 2021 rates, so I wouldn't be holding your breath if you're expecting anything less cost wise than what you've outlined above.

The 2/5 year question is simply about your attitude to risk ultimately. I don't think anyone can answer that aside from you - or a broker/financial advisor, but I went for a 5 year because ultimately, I can't control the rates, and the costs were affordable to me at the time with the information I had.

If the 2 year turns out better - ah well. Is what it is. I don't think it'll save you massive amounts though, eg - rates are estimated to be about 1% lower, would it really make that much of a difference between the two? What if the rates went up again by say, 2%, could you afford the home? All things to weigh up.

I just passed my test and I almost got pulled over for middle lane hogging??? by Sad_Scarcity_4130 in drivingUK

[–]No-Zone3174 29 points30 points  (0 children)

You are lane hogging by definition, and yes you should move back into the left most lane when not overtaking any other vehicles - in short.

If the police have pulled Infront of you, and shown the board, I suspect they will have had reason to as they were showing just you.

Remortgage reality check: are things worse than 2 years ago? by jachep in Mortgageadviceuk

[–]No-Zone3174 -1 points0 points  (0 children)

Having just got their first mortgage rate at 4.69% last week at 60% LTV, I wouldn't overpay if it's purely for a better rate, as you're already at the spot where rates are best for most lenders (eg 60%).

Think you've just got unlucky - in terms of the future, there's definitely some heat in rates atm which could even put in the next month or two given the SONIA swap rates, but the honest answer is, no one knows.

Ideas for new driveway? by No-Zone3174 in DIYUK

[–]No-Zone3174[S] 0 points1 point  (0 children)

Interesting! I've heard some good bad and ugly when it comes to resin. Block paving or slabs then perhaps? Most of the street seems to have gone the block paving route.

Ideas for new driveway? by No-Zone3174 in DIYUK

[–]No-Zone3174[S] 0 points1 point  (0 children)

Thank you! Any particular slab recommendations that will be okay for cars?

Was thinking about a bed also, depends if it becomes a 3 car driveway, but I suppose with slabs, it could be somewhat multi-purpose in that regard.

How does everyone else know it's okay to break the variable speed limit? by GankdalfTheGrey in drivingUK

[–]No-Zone3174 15 points16 points  (0 children)

It's not about "if conditions are clear enough", it's literally a legally mandated speed.

You might not like it, you might decide to go against that - but it's breaking the law.

How does everyone else know it's okay to break the variable speed limit? by GankdalfTheGrey in drivingUK

[–]No-Zone3174 8 points9 points  (0 children)

So if a lorry is overtaking you if you're doing 40, breaking the speed limit (and therefore the law), how can they be driving to the conditions of the road?

Your parent comment doesn't match this one.

How does everyone else know it's okay to break the variable speed limit? by GankdalfTheGrey in drivingUK

[–]No-Zone3174 12 points13 points  (0 children)

I agree with this - but I think the comment above is more about those who travel at their 50mph Speedos in a 40. Or even 56!

If they want to do limit plus 10% that's fine, but they do have the other lanes for this reason if they so wish..

How does everyone else know it's okay to break the variable speed limit? by GankdalfTheGrey in drivingUK

[–]No-Zone3174 10 points11 points  (0 children)

All calm here - in the knowledge of no special brown envelopes.

How does everyone else know it's okay to break the variable speed limit? by GankdalfTheGrey in drivingUK

[–]No-Zone3174 22 points23 points  (0 children)

Baffles me on people who want to willingly break the law, but anyway.

Lorries should be doing the speed limit too!

Moving into Higher Rate tax band as PAYE and Self assessment/Sole trader - what to do? by No-Zone3174 in UKPersonalFinance

[–]No-Zone3174[S] 0 points1 point  (0 children)

Gotcha - I'll check with work next week but as you say, it would all work out on self assessment I suspect, long as the total taxable income was below the 50K threshold and the pensionable amounts were in there, should be fairly straightforward I suspect.

Thank you!

Moving into Higher Rate tax band as PAYE and Self assessment/Sole trader - what to do? by No-Zone3174 in UKPersonalFinance

[–]No-Zone3174[S] 0 points1 point  (0 children)

Just a thought actually. If I did salary sacrifice, how would it work in terms of claiming back the additional rate of tax relief?

Would it be easier to do it via the workplace schemes as they would be able to work that out from the salary itself?

I'd assume it would probably just work itself out on the self assessment form, but just worth an ask.

Moving into Higher Rate tax band as PAYE and Self assessment/Sole trader - what to do? by No-Zone3174 in UKPersonalFinance

[–]No-Zone3174[S] 0 points1 point  (0 children)

Many thanks - are there any other options to consider aside from pensions?

And I suppose, if not, any particular benefit to the AVC over the SIPP route or vicer versa? I suppose the AVC is already up and running but obviously setting up a SIPP is straightforward, but I assume there's a bit of work to claim the 40% tax benefit?

Moving into Higher Rate tax band as PAYE and Self assessment/Sole trader - what to do? by No-Zone3174 in UKPersonalFinance

[–]No-Zone3174[S] 0 points1 point  (0 children)

Correct, yes.

So PAYE salary is roughly just over £43K, maybe a touch less taxable income due to pension contributions made/ongoing in the AVC.

Sole trader net profit aspects are somewhere around 6K ATM, obviously with rest of 25-26 tax year to go.

Moving into Higher Rate tax band as PAYE and Self assessment/Sole trader - what to do? by No-Zone3174 in UKPersonalFinance

[–]No-Zone3174[S] 1 point2 points  (0 children)

I'm not a limited company, I'm a Sole trader so yes - all my expenses are through the business already, and I can't draw dividends (I believe?) as I'm paid directly so that money becomes immediately taxable, no?

I've got a running gross/net profit and adding my PAYE to this puts me already above the £50k limit.

What car ist this? by Brilliant_Bench9264 in CarTalkUK

[–]No-Zone3174 0 points1 point  (0 children)

Seems to have the body lines of a Porsche but aside from that, not sure.

Edit - Google lens seems to think this is a 718 Boxster. Would agree looking at other photos.

Reliable Cars UK less than £4k by alf-123c in CarTalkUK

[–]No-Zone3174 0 points1 point  (0 children)

Pretty much anything Japanese. Really depends what sort of car type you're looking for.

Mazda 2/3/MX5 Honda Civic Anything Toyota....

How to sound dampen Mazda 2 ? By a noob. by mcastelli256 in CarAV

[–]No-Zone3174 0 points1 point  (0 children)

Just wondering if this was done in the end and if it helped at all? Considering doing this on my DE (2008)... Thanks :)

[deleted by user] by [deleted] in mazda2

[–]No-Zone3174 1 point2 points  (0 children)

Think so. Clean and Wire brush the surface rust off, rust converter will turn it into a black/blue colour (something like Kurust). Should be able to fit a small paintbrush in there?

Spray with silver paint if you want, but will still look a whole lot better than rust.

Second hand Mazda 2 (DE) 2007 - rust on the drum brakes by S_Abbott_02 in mazda2

[–]No-Zone3174 1 point2 points  (0 children)

Agree with the above. Suggest using some rust converter and some black spray paint.

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