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    • Former billionaire Hui Ka Yan has been fined and banned from the financial market for life.View the full article
    • In terms of "why didn't I make a claim" - well, that has to be understood in the context of the long-standing legal battle and all its permuations with the shark. In essence there was a repo and probable fire sale of the leasehold property - which would have led to me initiating the complaint/ claim v SPF in summer 19. But there was no quick sale. And battle commenced and it ain't done yet 5y later. A potential sale morphed into trying to do a debt deal and then into a full blown battle heading to trial - based on the shark deliberately racking up costs just so the ceo can keep the property for himself.  Along the way they have launched claims in 4 different counties -v- me - trying to get a backdoor B. (Haven't yet succeeded) Simultaneously I got dragged into a contentious forfeiture claim and then into a lease extension debacle - both of which lasted 3y. (I have an association with the freeholders and handled all that legal stuff too) I had some (friend paid for) legal support to begin with.  But mostly I have handled every thing alone.  The sheer weight of all the different cases has been pretty overwhelming. And tedious.  I'm battling an aggressive financial shark that has investors giving them 00s of millions. They've employed teams of expensive lawyers and barristers. And also got juniors doing the boring menial tasks. And, of course, in text book style they've delayed issues on purpose and then sent 000's of docs to read at the 11th hour. Which I not only boringly did read,  but also simultaneously filed for ease of reference later - which has come in very handy in speeding up collating legal bundles and being able to find evidence quickly.  It's also how I found out the damning stuff I could use -v- them.  Bottom line - I haven't really had a moment to breath for 5y. I've had to write a statement recently. And asked a clinic for advice. One of the volunteers asked how I got into this situation.  Which prompted me to say it all started when I got bad advice from a broker. Which kick-started me in to thinking I really should look into making some kind of formal complaint -v- the broker.  Which is where I am now.  Extenuating circumstances as to why I'm complaining so late.  But hopefully still in time ??  
    • At a key lecture in the City of London, the shadow chancellor will also vow to reform the Treasury.View the full article
    • Despite controversy China's Temu is becoming a global online shopping force.View the full article
    • The retailer has come under fire for an advert showing motorcyclists wearing trainers and doing wheelies.View the full article
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      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

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    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

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      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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What happens when you retire if you rent privately?


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Just a quick question. If you have to sell your house then you dont qualify for council help and so have to, or choose to, rent from a private landlord. The rent is around 550 and so affordably whilst working but what happens when you retire and your income drops rapidly. Are you going to find yourself homeless or would you be able to get help?

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When renting privately you may be entitled to Housing Benefit, regardless of age or work status. HB is an income- assessed benefit. If you are UK resident and have savings below certain level, you can apply and be awarded some payments towards your rent. These payments can be made directly to you, so the landlord doesn't have to be involved.

Please see for selection of links about HB:

Advicenow: independent law and rights advice, legal service providers, advice service alliance, UK - Search

 

Please do not dismiss the idea of getting help from the council just because you have sold your home. Get further advice from Community Legal Advice about your housing.

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Thank you JOA. At the moment it wouldny apply but I was just wondering what would happen in the future. Our house is for sale so we can get rid of the morgage and secured loan which are crippling us. We will be able to rent somewhere decent and still be better off each month. We have been looking at some of the new build apartments in the area and they are fantastic. What worries me is that in 10 years when I reach retirement age we will be managing on other halfs wage. (He is younger than me by 11 years so will be working after me although I hope to be able to carry on working for as lond as poss) My brother is disabled and unable to work and lost his home 8 months ago. He has found a place to rent but because he is on benefits the place is the pits but all he can afford.

 

I guess what Im really asking is. When the time comes where the rent may be unmanagable on our income and we apply for benefit could they turn round and say 'you can rent cheaper than that so find somewhere else' or, do they take it that as you have been renting long term and that is your home you can expect to stay put. We have been looking at the new build because if we rent a private house we may have to move on in a few years if they want to sell or use the property themselves. If we go into purpose built new flats then hopefully we could put down roots long term. I just dont want to find myself having to leave when our incone drops at retirement.

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If i were you, I would hold on to property you own for as long as heavenly possible. This is because the security of standard tenancy is never great. You may find yourself having to move every 6 or 12 months (the standard tenancy periods) and there is no such thing as "putting your roots down" once you are a tenant. Please re-think your options carefully. Having to move, never knowing what in next 6 months, arguing over deposits, disrepairs etc not a future I would wish on anybody.

But if you have to move, and you apply for Housing Benefit, you will be assessed on your income and savings, which will be then compared to "local reference rent". LRR may be lower then your actual rent if your accommodation is more expensive then the average in your locality. The Rent Officers who seem to be oblivious to property market prices explosion decide what is appropriate local average rent. The outcome is that the assessment for benefit may not calculated on your real rent but on the LRR, leaving you to pick up the difference.

Often though the LRR equals the actual rent.

Please check this link for more info:

DWP - Advisers - Technical guidance - RR2 - What you can claim for

and promise me you think verrrry carefully before you sell your home.

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Thanks Joa.

 

We have thought long and hard about it but there dosnt seem to be any option. We have a morgage and secured loan on it (we should NEVER have taken the loan out but hindsight is a wonderful thing and I hadnt found this site then!) The payments are crippling us every month and we have also got other debts and people threatening to put charges on the house and force us to sell. At the moment we are struggling to make every payment on the house and have had a repossession hearing , the outcome was a suspeded order as long as we keep paying. The thing is that if we sold and then rented we would be about 300 a month better off. I really dont want to let the house go but cant see an alternative.

Also, I divorced my ex and now live with a new partner who is 11 years younger than me so the morgage has only been running 7 years and so will be round our necks till Im nearly 70. I cant see a way round this without selling, not if we are ever to have any quality of life again.

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  • 10 years later...

I can really identify with the OP. I know this is an old thread and I hope it all worked out for her.

 

I am now in that position, having sold the house which had a charging order & with a pending forced sale, I had to sell my home very quickly.

 

There wasn't enough equity left over to buy anything else and given my age, & debts, no hope of another mortgage.

 

I was able to buy a small piece of land, though, which had B1 use... I thought I'd rent for a year whilst setting up a business & this income would eventually pay the rent.

 

However, there have been problems, re planning permission, so here I am with not very much left in the kitty and where outgoings are exceeding my & my husband's incomes from state pensions.

 

We have been paying the rent in advance, as this was the only way we could find anywhere to live. When we sold our house we paid the landlord 6 months up front, followed by another 6 months rental back in October. In 6 weeks time the rent will be due again, but this time we lack the funds to pay as our savings are about to run out.

 

I need to hold onto some money for fees for the planning application & then hopefully, if all goes well, I can work towards supporting myself in my retirement.

 

It may be that we can claim pension credit and housing/council tax benefit, being as we have so little to live on, so I guess that is the best place to start... otherwise, no idea what happens at the end of March, when the tenancy needs renewing.

 

Many thanks for listening!

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