OT: Job creation at the jobcentre?

[Adrian]

Do you blame Thatcher if your morning cup of tea goes cold before you finish drinking it, too?

[John Williamson]

The only reason they don't hold the deeds now is that 99.9% of deeds are redundant, as almost all property is in theory registered with the Land Register, as are all charges on that property. Change of ownership is now acknowledged by flipping a few bits on a computer HD, and sending a letter.

Interestingly, under Shariah law, as the lender is not allowed to charge interest, they do in fact own the property, and rent it to the "purchaser" for a rent which will pay the purchase price back and make a profit for the lender over the period of the notional loan. They are

*not* charging interest on the sum borrowed, as that would be against the law....

You need a really sharp blade to split the differences between the systems in practice.

[Jethro_uk]

It's a two-way street. A devout Muslim is not permitted to *pay* interest. And I was told that the mandated pilgrimage to Mecca only counts when the pilgrim has no debts. Otherwise it's just a holiday. Also it must be paid for by the pilgrim themselves.

True that. Religion in sharp practice scandal. Hardly news ;)

[jgh]

I think the current figure is 80% of property is registered.

JGH

[Adrian]

Less than 70%, by area, as of 2008.

The Land Registry say "approximately 20%" not, but no indication if that's by number of properties or by area.

I'd suspect for mortgaged properties it's a considerably higher %age, probably near-as-dammit 100%.

[polygonum]

It would be much more fun to challenge with "you are a Mail reader/believer and I claim my 5 euros", wouldn't it? :-)

[spuorgelgoog]

It sounds like straightforward hire purchase. The 'lender' would however be a landlord and so have all the usual landlordy responsibilities eg gas saf ety check and maintenance which a buyer with a mortgage wouldn't. From that point of view it sounds like a good option if you like the benefits of bei ng a tenant but still want to own the house eventually.

Owain

[philipuk]

5k deposit? what planet are you living on?

[Dave Liquorice]

The every day sign on will be fun for people around here. The nearest office is 20 miles away there is a limited bus service M-F and I think Saturday but definately not Sunday. Or is this "sign on *every* day" not what it actually says but what some, car owning, townie based, wage slave considers to be "every day" ie just Monday to Friday?

[Mark]

Nor has the Tories, or pretty much any other political party.

[Mark]

The fact that a landlord could chuck you out of a rental property with only one month's notice and the fact it was virtually impossible to get anything repaired convinced me to stop renting and buy a house.

Renting in the long run must be more expensive than buying because you have to pay the landlord's mortgage and provide him a profit.

[Mark]

If it's your first question then no. Your second question is not worth answering.

[Attila Bán]

+1 Cannot agree more!

[Adrian]

This might sound a stupid question, but isn't there a very good chance they're going to have to do precisely that same journey when they actually find work?

[Adrian]

Gawd help us if ever we get a government who DO put "ideology" above practicality.

[The Natural Philosopher]

you have had them for 30 years mate.

[Mark]

Every day sign on would be a problem for many in rural areas. There are villages around here with one bus a *week* and probably many with no bus service at all.

However I do thing this policy is just for the conference and will not ever get implemented.

[Tim Streater]

Out of which he pays for any maintenance required. You are also free of the worry of any of that, which for some people is important - you can focus on other things in life. Choices, see. On the Continong, lots of people rent and seem to thrive on it.

[Adrian]

Only if you're on a rolling contract, because the initial periodic AST has expired.

If you don't want that flexibility from your own end either, then - when the AST comes towards the end - tell the landlord you'd like another year.

[Mark]

He still makes a profit overall, otherwise he wouldn't do it.

Yes, assuming that maintenance is a worry and the landlord does do it properly.

Renting is for some and not for others but it is not, IMHO, the cheapest option.