Property Purchase: At what point am I committed and cannot pull out?

In UK property purchase, the key point is when contracts are exchanged – right up until that point any party in the chain can withdraw with no penalty. This can lead to financial lost, tears, anger and lots of frustration.

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Once contracts are exchanged everyone is bound by the terms of the contract – if anyone wants to pull out after that point it will cost them many thousands of pounds, as a starting point it is usually 10 per cent of the purchase price and then any damages that flow from their actions. Because of this, generally the best advice is to buy the property and put it on the market as soon as you can. Depending on the market at that time you may lose a little money, but potentially considerably less than if you’d withdrawn from the sale.

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Climate Change: Global flood emergency crisis

Global flood emergency, evacuation, disruption, destruction of properties and even death has been seen all over the world in Europe, Asia, African etc

Europe

UK – Evacuations After Heavy Rain and Floods in Northern and Central England. 8 November, 2019. Parts of northern and central England saw around a month’s worth of rain on 07 November, 2019. Rivers in South Yorkshire, Nottinghamshire and most of the north of England. Rescuers pull a boat through floodwater in Fishlake, Doncaster

Italy – Parts of the Italian city of Venice have been left under water after the highest tide in more than 50 years. The waters peaked at 1.87m (6ft), according to the tide monitoring centre. Only once since records began in 1923 has the tide been higher, reaching 1.94m in 1966. People wade through water in St Mark's Square

 Asia

India – Monsoon floods hit more than 25 million people in S. Asia By Robin Gomes More than 25 million people are hit by flooding due to the torrential monsoon rains in Bangladesh, India, Nepal and Myanmar, with more than half a million people displaced, according to humanitarian groups collaborating with United Nations agencies. Death toll rises to more than 660 in South Asia. Severe floods and lightning kill at least 666 across India, Nepal, Bangladesh and Pakistan as monsoon takes its toll.

Japan – At least nine people are reported dead as Japan recovers from its biggest storm in decades. Typhoon Hagibis triggered floods and landslides as it battered the country with wind speeds of 225km/h.

Africa

Mozambique – The floods in Mozambique, one of Africa’s poorest countries, have already destroyed 5,756 homes, affecting 15,467 households and 141,325 people.

Central African Republic – More than 6,000 people have lost their homes to flooding in Bangui, the capital of the Central African Republic. Heavy rains have worsened the plight of residents following the outburst.

South Africa –  Durban floods; Seventy people died in floods that ravaged parts of the coastal province of KwaZulu-Natal in South Africa’s southeast, local authorities said.

Global Initiatives and actions are required to address one of the critical issues of our time.

 

UK Homeless Crisis: 150 homeless families in Oldham

‘Shocking’ figures show that nearly 150 families in crisis are stuck living in temporary accommodation in Oldham.

The town hall’s housing boss told councillors there there are more than double the number of ‘homeless households’ turning to the council for help than last year.

Coun Hannah Roberts told the full council meeting: “The figures are shocking and show a marked increase in families in crisis in Oldham.”

She was responding to a question from St Mary’s ward Councillor Nyla Ibrahim, who asked how many families are living in temporary accommodation waiting for a new home, compared to 2018.

“What action is needed to solve this crisis?,” she asked.

The meeting was told that in quarter two of last year – April 1 to June 30 – there were 67 households in temporary accommodation.

In the same period this year, there were 148 families in temporary accommodation, with 146 still not placed into a permanent home.

Source: Manchester Evening News

Man City Footballer Rahaem Sterling buys row of terrace houses to kick start Fiancee’s Property business

Raheem Sterling’s fiancée Paige Milian, 22, who has a young son with Raheem, announced that they had bought the complex on Instagram .

She wrote: “After months of studying property development, I achieved my qualification to become a property developer in 2018.

 

“We then started a search of properties to add to our portfolio and was then successful in purchasing six brand new houses.

“We plan to add more projects to our portfolio in the future.”

The six new two-bedroom houses are in an unfashionable part of Stockport

The 24-year-old snapped up the six two-bedroom houses in an unfashionable part of Stockport, Greater Manchester, for an estimated cost of £166,000 each.

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Climate change: Airlines putting profit before planet through “Fuel tankering”

A British Airways whistleblower has revealed an industry-wide practice that deliberately adds weight to flights, increasing greenhouse gas emissions.

“Fuel tankering” sees planes filled with extra fuel, usually to avoid paying higher prices for refuelling at their destination airports.

It could mean extra annual emissions equivalent to that of a large town.

BA said it was common to carry extra fuel for “operational, safety and price reasons”.

BBC Panorama has discovered the airline’s planes generated an extra 18,000 tonnes of carbon dioxide last year through fuel tankering.

John Sauven, Greenpeace UK’s executive director, told the BBC this was a “classic example of a company putting profit before planet”.

He added: “This is why we can’t afford another decade of believing corporate greenwash and waiting for the voluntary carbon reductions to appear.

“We need tough regulations to limit aviation’s emissions, because so long as there’s money in polluting, they’ll pollute as much as they can.”

Source: BBC News