SIPPS shock as Brown shelves tax loophole for residential property.

as the last candidate, either that or ballot paper "spoiled" by being placed unmarked (except for the official stamp) into the ballot box being counted as a 'vote of no confidence in any of the candidates". Or change the system so that you put a tick against at most one candidate for whom you wish to positively vote and crosses against as many other candidates whom you positively do not want to be elected (eg a labour supporter might tick the labour candidate, put a cross against the conservative and leave the lb-dem blank). The add the ticks for each candidate and subtract the crosses and require that the winning candidate have a positive score otherwise the election otherwise it has to be re-run with different candidates, and if this happens in a majority of constituencies require that all of the parties rework their policies/manifestos/.

Eastbourne?

In B'mth the rent on my place, a 2 bed flat, has risen from 475 in 2000 to 625 today although rents haven't moved for the last year. On average

2 weeks to find a tenant.

Asking prices are also slightly up on the year, around 155K for said flat and I see new builds go for 165-170K.

I'd don't think you're going to get from Eastbourne to London in under an hour.

So, Where I live tenants are very hard to find and rents are down 20%.

Asking prices are down too. New builds at 210-250. (up from 90-100 in 2000)

tim

I'm looking at two spreadsheets which forecast my next gas and electricity bills, that's the main squeeze. Of course the £200 helps. :-)

In message , Crowley writes

Sorry, what boost? I am aware of no-one in the last few months, actually buying a house with the intention of sticking it in a pension. Admittedly people were looking into it, but as far as I'm aware that was as far as it went.

In message , Richard Faulkner writes

Why? It seems a reasonable assumption that in twenty years time the interest on the mortgages will be broadly similar, however the rent should have gone up (if only by inflation), so 20 years of inflation should have eroded the mortgages to some degree or other.

I believe that quite a few properties had been bought off-plan (mostly flats?).

Also, apparently, others had bought properties with a view to selling them to people who wanted a property for their SIPP after 6 April 2006.

Crowley posted that there was pyschological boost to prices because people

*would be* BTL'ing from SIPPs. Though he also separately posted a really long analysis showing how SIPPs wouldnt affect the market at all :-)

Nice way to have cake and eat it.

LOL . We all like to have our cake and eat it. Particularly at Xmas :-)

Indeed, as long as I can avoid the foul substance known as 'marzipan' .

Have a good one :-)

and best wishes to yourself :-)

Further signs of deterioration in the housing market out today.....................

House sales lowest for 30 years

This is Money

15 December 2005

THE UK's biggest chain of estate agents warned today that the number of completed house sales in 2005 is set to be the lowest in 30 years.

Countrywide, which includes the offices Bairstow Eves and Mann & Co, said it had been a 'very challenging year' but predicted results would be in line with City expectations.........

In message , " snipped-for-privacy@privacy.net" writes

I agree, ( for my circumstances), but I think my response related to someone with an interest only mortgage on their home, (their one and only property).

In message , Crowley writes

The only fact you can actually draw from this is that fewer people may have sold houses this year than in the previous 30 years, (assuming that Countrywide are a reasonable representation of the market, rather than having lost market share).

So what? It could actually be that people are being sensible and not moving to more expensive houses. Or Countrywide have been promoting asking prices which are too high for the market, (which wouldnt surprise me in the slightest ), or a variety of other things......