they are talking about where they grew up - you know, like Rees Mogg or Churchill - that country place where you can relax, be yourself and chill out in one of 120 rooms (assuming the valet has done his job and filled the decanters with the correct stuff).
Until people settle down and have kids of their own many still consider the home of their parents, especially if it is where they grew up, to be proper "home" as opposed to where they happen live at present - I think this is what it usually means
the term connotes something intentional, doesn't it.
You could say "where I grew up" but instead you are saying "family" for which the careful listener should substitute the word "ancestral" and "home" for which one should insert "pile".
That is what lies behind this term. And if you actually had to be specific then the truth might preclude those terms so the vagueness is helpful to the upmanshipster.
I would use it to describe the place where the head of your family lives and where big family events take place. Currently that’s my parents’ place as dad is the oldest surviving member of the family and hosts things like Christmas. In time it will move to my gaff as the only one of my generation who hears our original surname.
Sail say that again ?! Aren’t you just bog standard every day middle class stock from some shire home county? As opposed to an old school aristo? Your dad is the oldest surviving member of the family? What about your mother? And as tohosting things you say these will move to your gaff? Didn’t you say you live in a flat in Clapham, how will you find the space?
”as the only one of my generation who hears our original surname” what the fook does that mean ?
Ebit keep up I'm currently building my luxury country residence and selling up in London. The only other members of my generation are my aunt's kids so they don't have the old Welsh clan name despite considering themselves part of the clan.
My parents will shortly be living with me so that point I'll be taking over the ceremonial duties albeit with some assistance from mother.
I'm third generation nouveau but we've had the family farm (well what's left of it now) over 50 years and it's been a constant in all of our lives for a long time so it's taking on a stranger importance. My cousins are upset that my parents are selling up and moving a good hundred yards to mine as while it maintains a link we're also losing the one place that holds fifty years' of family memories and a the last link to the old days when we were all kids and our grandparents were still around.
People who talk about family homes and head of the family etc, are an example of complete twottery. Unless you have an inherited title , a huge pile or two , and are minted it is all a nonsense.
just say my parents house , not all that other shite.
Well generally that is what I say but this thread is about family homes so thought I'd say what I considered to be a family home.
Clearly a nonsense looking up to a senior member of your family who's been a round a while and got some good experience. Naturally I ignore him when he's in totally impractical mode though.
no,it isn't nonsense looking up to a " a senior member of your family", but the phrase you use is a nonsense,unless you are royalty. Otherwise people call " senior members of ones family" Mum, Dad, Grandpa /Grandma..
True but in my experience there is one who is the figurehead of the family who generally organises and controls things. Used to be granny then my dad and his siblings shared the responsibility until my uncle and aunt died.
Sails, curious to know how you can afford to build a large pile of country residence on a resi conveyancer salary . And what are these ceremonial duties you speak of, sounds grim?
opening the wine & sniffing the cork for good measure
But no doubt he'll leave preparing the turkey, getting the tree and decorating it, getting the wine and setting the table to his mum. Can't do it all, eh.
Ebit combination of doing posh resi conveyancing and a bit of commercial stuff for a decent sized firm and selling off family assets, my own assets and using pretty much every penny I have and a mortgage.
To be fair they're not very ceremonial at all but hosting Christmas alternating years and hosting a big family get together every summer and then smaller weekends through the year with close family.
Tricky I'm getting the tree and decorating it next year as it'll be my house and with a double height living room I'll be able to get some ridiculously large tree that I'll have to carry in and erect.
@ sails, posh resi and light commercial conveyancing is far from lucrative even if you are instructed on selling houses of 5 -25 mill. At best, what 3k a pop, max?
"your own assets" unless you have been gifted a shite load of cash from " senior members or figureheads" of your family these assets are like most people unlikely to be much, certainly not enough to build from scratch a large luxury pile in the country, no?
As to para 2 of your post above how the hell does that amount to ceremonial duties?
Admit it your rents gave u half a bar plus to build your new luxury pile in the country, doing a bit of light resi for rich people commercial or otherwise is not lucrative, it is a race to the bottom.
Ebit try again as my minimum fee these days is over £4k, unless I know well and like you, and for a £25m house I'd be expecting well north of £10k and closer to £20k. Pay wise I'm on the same as I was on as a 5PQE associate at a big City firm about 10 years ago.
Think last year I did 4 off the top of my head and a lot of stuff around £1m and then a few other odds and ends including lots of executor sales where the firm's private client team are dealing with the estates and the joys of lease extensions and enfranchisements. Just had my monthly statement and got about 60 open matters on the go at the varying stages which is about average.
Am acquaintances with someone at forsters who says people buying £20 MM houses are tight as hell and negotiate hard . There is only so much one can charge for a resi transaction. Even if one did 20 a year at 10 k a pop that’s 200 k in gross billings . I doubt if there are many fee earners who do that or have that sort of pipeline
Well Kimmy I can't divulge my precise commercial terms but yes it's generally within that range but depends on the parties and a few other factors. Plenty of clients who pay extra when you can help them with tax structuring and the the various tax returns that come up on sales, etc.
Well ebit I have averaged in excess of that for all of the last three years but that's because I don't just rely on a few big purchases and do a broad range of bits. Last couple of years have been a bonanza of de-enveloping stuff in overseas companies due to tax changes.
Sails as you well know £1MM property in London is very much the volume/commoditised end of the market , and is I imagine worth 1500 Quid a pop.
if you did 30 a year that’s 45 k in billings. Again I doubt many do that much YOY , although I may be wrong.
I asked my solicitor at Russell Cooke , if she would ever make partner, no she said the margins are so tight , even though as she says she bills shy of 250 PA , I doubt there are too many conveyancing departments that have a pipeline like theirs , and they do a lot of landed estates and UHNW stuff
You'd be surprised and there are plenty of people with slightly complicated financial affairs and the like who are happy to pay a premium not to deal with a bulk conveyancer who gives them personal attention and isn't just a paralegal ticking boxes for review by a solicitor. I bill much the same as your friend although my target is higher but there are times I take a hit doing favours acting for senior people at big clients of the firm and the like.
I'm currently blowing the minds of a conveyancing bucket shop by selling a property where the seller is intestate and we're currently in the midst of registering the property for the first time. Don't think they have a checklist for that scenario.
Wot sails sed. Bucket shop conveyancers know sod all about ATED, overseas ownership, tax issues, unregistered land, agri land, shooting rights and profits a prendre.
I don't deal with those last three things either but can sub-contract those elements if I need to. Certainly get plenty of tax issues and even with relatively modest houses parents establishing trusts to acquire property for tax purposes, etc. and they all want a firm that can deal with the whole transaction. A large chunk of my work comes from referrals from my private client and tax colleagues and at the moment most of what I'm doing involves executors in some manner.
My folks have instructed Russel Cooke as to look at setting up trusts and what is the best and most tax efficient way of leaving/ gifting about a dozen cheap(ish) BTL property’s in university towns , which they have 50% plus shared in with business partners, and in addition how they can gift their shares in2 houses they own as “family “ homes by minimising Inheritance tax . I don’t know what is seemingly complex details, but the gist of it is as a I understand you have to die within6 years from when the properties are gifted to avoid inheritance tax otherwise you are on the hook for it all. They are according to my folks paying “about “ ten k all in .if you do 20 of these a year which is lot that’s 200k gross . So said fee earner will get about a quarter max of that .
If you're gifting property you need to survive seven years to have no inheritance tax.
Ebit as I said earlier I've got over 60 open files currently and probably do heading for 100 transactions a year and get paid about 30% of what I bill. Admittedly some of my files are literally just preparing a transfer and registering it through to a package deal of buying several flats in a development for a single family. Got one or two investors who are always buying and can have half a dozen jobs on for them at any given moment.
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I refer to my family home where my aged Ps live, as I am proudly Manc.
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they are talking about where they grew up - you know, like Rees Mogg or Churchill - that country place where you can relax, be yourself and chill out in one of 120 rooms (assuming the valet has done his job and filled the decanters with the correct stuff).
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Ah, yes. Strawberries and champagne while swimming naked in the fountains; endless summers of beauty and adventure.
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You know, the place with the croquet lawn where your parents live.
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Muttley, this was a small 3 bed semi in surbiton no less
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Until people settle down and have kids of their own many still consider the home of their parents, especially if it is where they grew up, to be proper "home" as opposed to where they happen live at present - I think this is what it usually means
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hairy muff, ebitda.
This one was too, but it had significant remodelling and extensions under the "permitted development" rules.
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the term connotes something intentional, doesn't it.
You could say "where I grew up" but instead you are saying "family" for which the careful listener should substitute the word "ancestral" and "home" for which one should insert "pile".
That is what lies behind this term. And if you actually had to be specific then the truth might preclude those terms so the vagueness is helpful to the upmanshipster.
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It's like when I say Tecco Towers I'm actually just talking about a portakabin on the side of a cliff. But no one need know.
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Parents' gaff innit
Who in the real world has an "ancestral pile"?
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er, not many and fewer than would have you believe.
That was the whole point.
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I tend to just call it my "house". the one wherein i do live, avec my fambly.
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they have changed ye locks, m8, so you are going to have to get used to calling it "your shed" and "their house".
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Absolute state of this tbh
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useful contribution, thanks
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I would use it to describe the place where the head of your family lives and where big family events take place. Currently that’s my parents’ place as dad is the oldest surviving member of the family and hosts things like Christmas. In time it will move to my gaff as the only one of my generation who hears our original surname.
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Sweet fooking Jesus.
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Sail say that again ?! Aren’t you just bog standard every day middle class stock from some shire home county? As opposed to an old school aristo? Your dad is the oldest surviving member of the family? What about your mother? And as tohosting things you say these will move to your gaff? Didn’t you say you live in a flat in Clapham, how will you find the space?
”as the only one of my generation who hears our original surname” what the fook does that mean ?
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I think he meant "bears".
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As in to hold, not ursine mammals.
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Buzz is indeed correct.
Ebit keep up I'm currently building my luxury country residence and selling up in London. The only other members of my generation are my aunt's kids so they don't have the old Welsh clan name despite considering themselves part of the clan.
My parents will shortly be living with me so that point I'll be taking over the ceremonial duties albeit with some assistance from mother.
I'm third generation nouveau but we've had the family farm (well what's left of it now) over 50 years and it's been a constant in all of our lives for a long time so it's taking on a stranger importance. My cousins are upset that my parents are selling up and moving a good hundred yards to mine as while it maintains a link we're also losing the one place that holds fifty years' of family memories and a the last link to the old days when we were all kids and our grandparents were still around.
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People who talk about family homes and head of the family etc, are an example of complete twottery. Unless you have an inherited title , a huge pile or two , and are minted it is all a nonsense.
just say my parents house , not all that other shite.
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Well generally that is what I say but this thread is about family homes so thought I'd say what I considered to be a family home.
Clearly a nonsense looking up to a senior member of your family who's been a round a while and got some good experience. Naturally I ignore him when he's in totally impractical mode though.
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no,it isn't nonsense looking up to a " a senior member of your family", but the phrase you use is a nonsense,unless you are royalty. Otherwise people call " senior members of ones family" Mum, Dad, Grandpa /Grandma..
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True but in my experience there is one who is the figurehead of the family who generally organises and controls things. Used to be granny then my dad and his siblings shared the responsibility until my uncle and aunt died.
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Being a Sailwallader sounds totally dogshyt
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Jesus christ it gets worse, "figurehead" , again probably ok if you are Royalty, otherwise pompous nonsense.
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welsh clan name heh. what is it? Cwnt?
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Ghinormws-y-penws?
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I'm more curious about the ceremonial duties you'll be taking over tbh
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Sails, curious to know how you can afford to build a large pile of country residence on a resi conveyancer salary . And what are these ceremonial duties you speak of, sounds grim?
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carving the turkey
putting the tree topper on the tree
making a toast
opening the wine & sniffing the cork for good measure
But no doubt he'll leave preparing the turkey, getting the tree and decorating it, getting the wine and setting the table to his mum. Can't do it all, eh.
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I think the ceremonial part is where you take official ownership of the family toastrack
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How does one do that? Tap it with a semi in front of witnesses at the breakfast table and it's yours?
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Ebit combination of doing posh resi conveyancing and a bit of commercial stuff for a decent sized firm and selling off family assets, my own assets and using pretty much every penny I have and a mortgage.
To be fair they're not very ceremonial at all but hosting Christmas alternating years and hosting a big family get together every summer and then smaller weekends through the year with close family.
Tricky I'm getting the tree and decorating it next year as it'll be my house and with a double height living room I'll be able to get some ridiculously large tree that I'll have to carry in and erect.
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Tricky, I am afraid my ancestral toast rack was traded in by my forbears to cover gambling and whoring debts (the rest they just wasted)
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Saillaw you're the middle venn diagram bit of Private Pike and Captain Manwering
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You've missed out the third circle for elements of a young Father Jack.
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Not sure that's quite the right priest tbh
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@ sails, posh resi and light commercial conveyancing is far from lucrative even if you are instructed on selling houses of 5 -25 mill. At best, what 3k a pop, max?
"your own assets" unless you have been gifted a shite load of cash from " senior members or figureheads" of your family these assets are like most people unlikely to be much, certainly not enough to build from scratch a large luxury pile in the country, no?
As to para 2 of your post above how the hell does that amount to ceremonial duties?
Admit it your rents gave u half a bar plus to build your new luxury pile in the country, doing a bit of light resi for rich people commercial or otherwise is not lucrative, it is a race to the bottom.
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tap it with a semi at the breakfast table
heh. Wang and the Woo are making me lose it.
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Ebit try again as my minimum fee these days is over £4k, unless I know well and like you, and for a £25m house I'd be expecting well north of £10k and closer to £20k. Pay wise I'm on the same as I was on as a 5PQE associate at a big City firm about 10 years ago.
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Fair, but still how many houses at 5-25 million does any conveyancer actually deal with YOY,3 maybe ?
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sails, you get paid 10-20k for dealing with the transfer of a £25m house?
over 4k for any other transaction?
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Think last year I did 4 off the top of my head and a lot of stuff around £1m and then a few other odds and ends including lots of executor sales where the firm's private client team are dealing with the estates and the joys of lease extensions and enfranchisements. Just had my monthly statement and got about 60 open matters on the go at the varying stages which is about average.
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Am acquaintances with someone at forsters who says people buying £20 MM houses are tight as hell and negotiate hard . There is only so much one can charge for a resi transaction. Even if one did 20 a year at 10 k a pop that’s 200 k in gross billings . I doubt if there are many fee earners who do that or have that sort of pipeline
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Well Kimmy I can't divulge my precise commercial terms but yes it's generally within that range but depends on the parties and a few other factors. Plenty of clients who pay extra when you can help them with tax structuring and the the various tax returns that come up on sales, etc.
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Well ebit I have averaged in excess of that for all of the last three years but that's because I don't just rely on a few big purchases and do a broad range of bits. Last couple of years have been a bonanza of de-enveloping stuff in overseas companies due to tax changes.
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Sails as you well know £1MM property in London is very much the volume/commoditised end of the market , and is I imagine worth 1500 Quid a pop.
if you did 30 a year that’s 45 k in billings. Again I doubt many do that much YOY , although I may be wrong.
I asked my solicitor at Russell Cooke , if she would ever make partner, no she said the margins are so tight , even though as she says she bills shy of 250 PA , I doubt there are too many conveyancing departments that have a pipeline like theirs , and they do a lot of landed estates and UHNW stuff
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You'd be surprised and there are plenty of people with slightly complicated financial affairs and the like who are happy to pay a premium not to deal with a bulk conveyancer who gives them personal attention and isn't just a paralegal ticking boxes for review by a solicitor. I bill much the same as your friend although my target is higher but there are times I take a hit doing favours acting for senior people at big clients of the firm and the like.
I'm currently blowing the minds of a conveyancing bucket shop by selling a property where the seller is intestate and we're currently in the midst of registering the property for the first time. Don't think they have a checklist for that scenario.
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Wot sails sed. Bucket shop conveyancers know sod all about ATED, overseas ownership, tax issues, unregistered land, agri land, shooting rights and profits a prendre.
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Dal I’m sure you are correct, but there can’t be too many of those transactions? And presumably the client won’t write a blank cheque..
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I don't deal with those last three things either but can sub-contract those elements if I need to. Certainly get plenty of tax issues and even with relatively modest houses parents establishing trusts to acquire property for tax purposes, etc. and they all want a firm that can deal with the whole transaction. A large chunk of my work comes from referrals from my private client and tax colleagues and at the moment most of what I'm doing involves executors in some manner.
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My folks have instructed Russel Cooke as to look at setting up trusts and what is the best and most tax efficient way of leaving/ gifting about a dozen cheap(ish) BTL property’s in university towns , which they have 50% plus shared in with business partners, and in addition how they can gift their shares in2 houses they own as “family “ homes by minimising Inheritance tax . I don’t know what is seemingly complex details, but the gist of it is as a I understand you have to die within6 years from when the properties are gifted to avoid inheritance tax otherwise you are on the hook for it all. They are according to my folks paying “about “ ten k all in .if you do 20 of these a year which is lot that’s 200k gross . So said fee earner will get about a quarter max of that .
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If you're gifting property you need to survive seven years to have no inheritance tax.
Ebit as I said earlier I've got over 60 open files currently and probably do heading for 100 transactions a year and get paid about 30% of what I bill. Admittedly some of my files are literally just preparing a transfer and registering it through to a package deal of buying several flats in a development for a single family. Got one or two investors who are always buying and can have half a dozen jobs on for them at any given moment.
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Ebitda - telling everyone on rof everything they don't know about their own jobs since 2014.
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? lol
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They’re on about half a bar, to answer the OP
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