Bicycle

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Just a thought. How about asking your local police station if they have any unclaimed lost property bikes up for grabs? You may find something of decent quality, and be able to use your budget to repair/replace parts to suit your use and needs.
 
They don't really do that sort of thing at police stations. I tried to get some for our charity but they send them all to auction to raise funds for the Police.
 
Can't say anything about ECC, as I've never traded with them before.
Bike looks good for its price.
As mentioned before, get yourself proper saddle from Brooks something like B-67
Maintenance wise, I attended one of these: http://blog.evanscycles.com/commuter_urban/fix-it-bicycle-maintenance-course/
Here you can find some useful info: http://bicycletutor.com/

Security, don't go cheap on this. I can recommend this and this.
Buy both, it will make stealing your bike just a bit harder.
Registering your bike won't do any harm too. You can do it here

Forums:
http://www.bikeradar.com/
http://www.cycle-route.com/
and my favourite
http://www.crazyguyonabike.com/
 

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