editor
hiraethified
This looks interesting.
Big Capital – Who Is London For? Book launch at 336 Brixton Road tonight, Fri 7th July
Big Capital – Who Is London For? Book launch at 336 Brixton Road tonight, Fri 7th July
85k for 25% share...plus £540 month rent on the other 75%...plus £170 (I'm assuming a year) service charge...
Hardly affordable housing aimed at those most in need of it....
that service charge will almost certainly be per month.
That's high...
5 years back Iooked at a 2 bed flat in Lordship Lane - the service charge was 60 quid a week.
5 years back Iooked at a 2 bed flat in Lordship Lane - the service charge was 60 quid a week.
£30k is about £2K a month for single person getting no extra allowances breaks but paying no student loan. You need anout £1100 to pay for everything assuming a £10k deposit on the £100k mortgage.Probably around 30k+
Ya, much less.People get by on less after paying out all their shit....
Thing is, any of the people who truly, desperately need (guffaw) affordable housing and could maybe just scrape together the dosh for these are unlikely to get a look in or even be aware that they're up for grabs.People get by on less after paying out all their shit....
Anyone looking to invest into these “high specification homes” was invited to book a place at their launch event on Thursday 18th May 2017. Except that it’s already sold out.
Brixton’s regenerated Guinness Trust becomes the trendy Electric Quarter for private owners
Thing is, any of the people who truly, desperately need (guffaw) affordable housing and could maybe just scrape together the dosh for these are unlikely to get a look in or even be aware that they're up for grabs.
You also have to factor in the bank's lending criteria - they're quite strict these days, and even if a customer thinks they may be able to scrape by, the bank may disagree with their sums & still not lend. Ever since the financial crisis they've been a lot more cautious, they like people to have a bit of wiggle room in their finances. Consequently that makes it even harder for those who are only just able to afford the mortgage.£30k is about £2K a month for single person getting no extra allowances breaks but paying no student loan. You need anout £1100 to pay for everything assuming a £10k deposit on the £100k mortgage.
Somebody earning 30 grand a year would left with £900 a month to live on by my calculations. £600 after a zone 2 travel card and gas and electricity?
I suspect quite a few of the new tenants will be Mum and Dad-assisted young professionals from relatively well-off backgrounds. After all, that's the kid f demographic that all of these new builds are aimed at. "Come to vibrant Brixton and dance on the grave of the creativity you're displacing" etc etc.You also have to factor in the bank's lending criteria - they're quite strict these days, and even if a customer thinks they may be able to scrape by, the bank may disagree with their sums & still not lend. Ever since the financial crisis they've been a lot more cautious, they like people to have a bit of wiggle room in their finances. Consequently that makes it even harder for those who are only just able to afford the mortgage.
Shit. Earlier on saw a vodka-swilling young lady walk straight into the path of a car behind her on Brixton Road. Luckily the driver was alert and just managed to brake in time. Phew.
It all went a bit slo-mo and looked like it was going to go horribly wrong. She was drinking neat vodka from a bottle and was completely smashed. I hope she got home OK.#relieved!
Absolutely. To get the mortgage you'd need to be fully free of all debt including overdrafts and credit cards.You also have to factor in the bank's lending criteria - they're quite strict these days, and even if a customer thinks they may be able to scrape by, the bank may disagree with their sums & still not lend. Ever since the financial crisis they've been a lot more cautious, they like people to have a bit of wiggle room in their finances. Consequently that makes it even harder for those who are only just able to afford the mortgage.
Thing is, any of the people who truly, desperately need (guffaw) affordable housing and could maybe just scrape together the dosh for these are unlikely to get a look in or even be aware that they're up for grabs.
Have you been to Nigeria? Or worked there? Capitalism there forms part of the post colonial legacy in a nation with far greater extremes of wealth & opportunity; with subsistence agriculture, to high finance with global supply chains and new markets (enormous) attracting external attention. It's difficult to criticise or to understand from your (and our) relatively wealthy and secure white western background unless you can perceive it from a farmers perspective in somewhere like rural Binji, who probably has more pressing matters with the crop than debating neo or other forms of liberalism.
Anything chukka says is based on advancing chukka the brand. Probably best to ignore it or realise that he wants a new 'labour' party of right of centreist policy. Besides that there's too many skeletons in his closet for when he climbs a rung or two.
I am happy to be corrected, but I don't think it wasn't him either.It was not me who brought up Nigeria. It was Chuka.
Over my time in Brixton I've attended local community consultation meetings. Tried to engage rather than just not take part. But I noticed now Brixton Bid, Pop, Brixton Green and Council all thinking the same way. They have bigger presence at meetings now.They are running the show now in Brixton. Im just on the sidelines. I like Brixton Pound but they are in danger of being co opted imo.