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Rob the renter

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Everything posted by Rob the renter

  1. Ok, since you asked... 1. They'll never sell. 2. The value of the property as it stands is about £650k. The rent is only equal to the mortgage payment on £300k at the current lowest teaser interest rates, and £600 a month cheaper than borrowing £300k at a typical standard variable rate - let alone £650k . 3. I do not subscribe to the view that property is always a good investment, and now would be a spectacularly high risk time to buy in my view. Structural reform of the banks completes by January 2019, at which point the treasury are better protected from a credit crunch and have less reason to keep propping up banks and stupid levels of consumer debt... tighter mortgage lending controls kick in next month, and landlord tax breaks are cut every year for the next 3... plus I suppose I should mention Brexit risk. Odds are pretty good that property will be rather cheaper in 5 years than now. I'm pretty well sorted financially. People make their own choices in life and they either make good or bad ones - mine is to sit out the property market at present & time will tell if that's a good idea.
  2. My friend sent me this picture recently - he bought a lorry load of lumber for wood burning stoves. When splitting a trunk down he found this ancient iron brace buried 8 inches inside, which had completely overgrown it...
  3. Just moved into a farmhouse with lots of garden and lots of trees, which I love. We are renting (hence the username) but we are probably here for the medium to long term and the landlord is a large agricultural & food business that doesn't seem to be too bothered about the grounds - some of the bushes and hedges have been allowed to get seriously out of hand and the old & very beautiful fruit trees dotted about the lawns that carry ample evidence of careful pruning in their youth have been running wild for a few years - I'll leave them for another day though. I want the gardens and small mature spinney to both be and look well tended, and to leave them in a better state than I found them when we eventually move on. My main job at the mimute is to get the border back in hand. A few years ago it was a 7 foot high hedge interspersed with mature trees... now... Buried in amongst this little lot, reaching just to the top of the Telegraph pole and stood just to the left of it is a young oak tree... the only one on the property or indeed in the vicinity. There's a mature silver birch and a mature sycamore about 8 feet apart behind it, and the base of the oak is only a couple of feet from the latter & the Telegraph pole. The restricted space has lead to the trunk growing towards the lawn and very little lateral growth - it's simply shot up straight and thrown a single long branch out over the lawn... The trunk is about 6 inches diameter. What should I do with it? I love Oak trees, but its picked about the worst place possible to grow. Has it gone too high to be brought into the hedge? I don't mind clearing back a load of the Ivy and overgrown bushes choking the first 8 feet of vertical space around it. The garden is south facing and it could get plenty of light if the Hawthorne next to it was brought back to hedge height, the bushes removed and the ivy pruned back hard.... but I'm worried it will die off if I simply lop 2/3rds off in one go? Should I plan to get it back down over a couple of winters? I expect it's far too big to be transplantable without serious equipment (ie bigger than a mini digger) - Correct?

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