"London Terminals"

[whole diary]

[Btline]

That doesn't make sense to me as when I buy a London Terminals ticket, there is always a specific route! So I can't travel from Kidderminster to Marylebone and then back from Paddington, as it is either "route High Wycombe" or "route Worcester". Perhaps if I dug a little further, I would find an Any Permitted - but I expect it is A LOT more expensive.

According to Avantix^▸ (Ticket Issuing System used on board trains) there's an off-peak return routed 'Birmingham' at ^43.50 (NFM03 prices). I take it that would be valid to Euston, Marylebone, or Paddington (via Brum)?

The cheapest return fare listed is a London Midland only Super Off-Peak return ticket at ^15 - did you know about that one Btline? Restrictions are:

Restriction : LK
MONDAYS to FRIDAYS:           
                             
Not valid for travel on London
Midland services timed to     
ARRIVE London Terminals before
1300.                         
                             
Not valid for travel on       
northbound London Midland     
services timed to DEPART     
London Terminals or any other
station, before 1030.         
                             
RETURN TRAVEL                 
Not valid for travel on London
Midland services timed to     
DEPART any station between   
1630 and 1930 in either       
direction unless a connecting
service is being used to     
complete a journey begun at a
valid time.

So I could go to Euston and return from Paddington, so long as I travelled via B'ham?

I know about the LM^▸ (London Midland - recent franchise) fare. Every so often, the LM site allows you to reserve a seat on a VT^▸ (Virgin Trains - former franchises) service with that fare!

[IndustryInsider]

So I could go to Euston and return from Paddington, so long as I travelled via B'ham?

That's how I interpret it. There are people on here that understand the fares system in more detail than me though (I was an expert back in the Blue and White Saver days - but no so now!), so perhaps one of them can confirm?

The following time restrictions are mentioned for Paddington specifically:
             
You may travel on any train   
that is scheduled to DEPART as
shown below:

DEPART: LONDON PADDINGTON     
Between 0903 & 1647 (inc.) and
at or after 1831.
                 
You may travel on any train   
that is scheduled to ARRIVE_as
shown below:
                             
ARRIVE: LONDON PADDINGTON     
At or after 1039.