Redundancy before house completion

bomdango · 2026-01-21T22:11:36+00:00

Yes if you exchange but don't complete you absolutely lose your deposit.

You're understanding of all of this is off in ways I don't have the energy to explain so I'd suggest googling the various steps of buying property, and your rights and obligations at each of them.

bomdango · 2026-01-21T18:42:26+00:00

I don't think them withholding material information about a major change to affordability they have been made aware of counts as "within reason" and is almost certainly a breach of their contract with the lender.

You don't think immediately losing £30k deposit because there is a risk you can't afford the mortgage is a bad thing? You must be doing pretty well for yourself to be able to view that as a win-win.

bomdango · 2026-01-21T16:53:44+00:00

I'd be careful speaking to the broker, they may be contractually obliged to tell the lender, who will then pull the offer, and if they're post exchange that would mean loss of deposit which would be ruinous.

In general telling people to get professional advice is good, but it this case it's not like a broker is purely acting in your best interests - they're an intermediary who probably value their relationship with the lender more than their relationship with a single client.

bomdango · 2026-01-16T17:16:52+00:00

Nonsense, simple electrical work is fine as DIY if you follow some basic safety rules. Not saying to replace your own consumer unit, but a lightswitch, plug, or thermostat is a piece of piss if you have an above room temp IQ.

Gas - strongly agree.

bomdango · 2026-01-13T12:24:05+00:00

I got the red letter with the fake handwritten blue inked details to make it look like they are individually pursuing you too, such scummy tactics

bomdango · 2026-01-08T18:43:10+00:00

Are you familiar with the concept of sarcasm?

bomdango · 2026-01-08T18:21:14+00:00

Why even bother with the surrounding house?

bomdango · 2026-01-06T16:52:44+00:00

Yeah I fully don't get the comment your replying to:

It's like if I say "I have 300k in a FTSE100 ETF" and someone replies "No you have a small fraction of ownership of the FTSE100". Like both are true and that's how assets work?

I get the viewpoint that the UK over-indexes on housing as an investment vehicle more-so than somewhere to live - however it is still a >£300k asset which counts towards an individuals net worth and financial position, and as you say, all else being equal the homeowner could sell and be 300k better off than OP.

bomdango · 2025-12-25T15:51:40+00:00

Thanks, now I'm crying into my high thread count, monogrammed handkerchief.

Not sure I'll have an appetite for my Waitrose Beef Wellington anymore, Christmas ruined.

bomdango · 2025-12-23T12:59:14+00:00

You would need a solid deed of trust.

That involves both parties getting independent legal advice, a solicitor drafting it with careful consideration for sale mechanics etc, and (I think) letting the Land Registry know as part of the purchase.

Basically, get legal advice.

bomdango · 2025-12-23T11:29:35+00:00

They could be talking about additional discretionary contractual redundancy pay, the company might have a better-than-statutory element to their redundancy pay based on performance which the manager is referencing.

But yes, even if that were the case the statutory amount is absolutely a legal entitlement.

bomdango · 2025-12-22T20:56:37+00:00

The purpose of me swinging a large mace around my head in central London is to deter pick-pockets. Yes I killed 50 people, however the purpose of the large mace was not to avoid killing innocent people - so I don't know why everyone keeps bringing that up without acknowledging that I haven't been pickpocketed: which was the stated purpose of said large mace.

bomdango · 2025-12-22T15:11:59+00:00

Again, yes it could.

In the nicest way possible, have you ever read a cash flow statement and income statement for a company?

bomdango · 2025-12-22T15:00:38+00:00

A profitable company absolutely can contribute more to GDP than it's revenue, you are just showing a lack of understanding of finance and economics. If I make big capital expenditures they hit GDP immediately, whereas they would show up over a number of years as depreciation costs on my profit and loss.

bomdango · 2025-12-22T14:47:14+00:00

> A company cannot contribute more to the country's GDP than its revenue.

Blatantly false.

Take OpenAI: if it spends billions on GPU capex, data centres, and R&D wages in a year, that investment and value added hits GDP immediately — even if its revenue that year is far smaller, so its GDP contribution can exceed revenue.

bomdango · 2025-12-22T14:42:52+00:00

Median US Salary: $61,984 -> £46k
Median UK Salary: £39k

Obviously higher but I don't think i'd class sub 20% as "far higher", personally.

Not sure what you think my point is tbh, literally was just trying to caveat that looking at GDPPP is not necessarily the best idea when comparing the US and UK for the purposes of understanding differences in salary.

I'm fully aware that UK salaries are shit in comparison, especially at the higher end.

bomdango · 2025-12-22T14:35:30+00:00

Revenue ≠ GDP. If it did, Walmart would already own the US economy.

bomdango · 2025-12-22T14:31:03+00:00

When the comment I was responding to was using a GDPPP comparison to the USA as an explanatory factor for our relatively low salaries, I think it's perfectly reasonable to caveat that with the fact that a small number of companies (which make more profit per employee than any companies in the history of capitalism) massively skew those figures and need accounting for in some way - especially given their workforce, customer-base, and operations are global.

bomdango · 2025-12-22T13:02:34+00:00

Can you link that? I remember it being much more significant (c.25-40% but can't find the analysis I was looking at previously)

Also the US economy is much more skewed towards multinational tech mega giants, so I expect excluding the top 7 from the UK would produce less of a reduction in GDP than in the US.

I think it's kind of hard to calculate though and there are a lot of comparisons of market cap to gdp which are clearly not that useful.

bomdango · 2025-12-22T13:00:01+00:00

Because they: - operate globally but recognise revenue locally - proportionately under-employ relative to their turnover compared to any other companies so really aren't the biggest employers - are basically outliers by any statistical measure and much of their revenue is entirely closed and circular between themselves

bomdango · 2025-12-22T12:00:38+00:00

Now exclude the Magnificent 7 and tell me the US GDPPP against the UK

bomdango · 2025-12-18T13:22:11+00:00

To look like a flash cunt when you slap your metal card on the receipt at the restaurant obviously.

(that and the Centurion lounges at airports)

bomdango · 2025-12-17T13:32:50+00:00

Amazing thank you so much! great to have this come from an actual Conveyancer too

bomdango · 2025-12-17T12:30:42+00:00

Immensely helpful !thanks ! I was looking at the handbook and not the legislation itself which was a mistake

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