Telometer

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About Telometer

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  1. Why Why Why Support House Prices?

    House prices are 10% off peak (nation average). Inflation over the last three years is maybe 10-15%. Prices are therefore 25% off peak in real terms. Another five years at 5% p.a. and they'll be 50% off peak in real terms, but without having killed the banks, the economy or the people. If you wish for a 50% crash you won't be able to afford a house either. Or anything, in fact.
  2. Electrical Periodic Inspections

    Doing a PIR requires all the cables to be disconnected at the consumer unit. A joint should only ever be made once (as it involves squashing the copper wire). Therefore post-PIR all the wires have to be shortened. (Or else the electrician is a cowboy.) I would NEVER EVER allow a buyer to undertake a PIR on my property. Who pays for the rectification work if their spark messes up?
  3. Have a read of this publication by RICS. http://www.rics.org/site/download_feed.aspx?fileID=2281&fileExtension=PDF If they used a moisture meter then it's rubbish.
  4. Okay ,quick Question

    A 75k mortgage at 5% interest rate is 4k p.a. Factor in repayment of maybe 3k then you are looking at 50% of your gross salary going on your mortgage. You cannot. Keep saving.
  5. It does not require rewiring. It requires a new consumer unit (£100 plus labour to fit it, which cannot be more than half a day to a day, so under £1,000 total). The earth bonding is a matter of a few minutes work. By all means see if you can negotiate the price down a little, but this is not rewiring the surveyor is talking about. Modern wiring (installed post 1960ish) does not have an expiry date. Yes the specs have changed - the earth wire has become thicker, early lighting circuits didn't have any earth, but no need to rewire - and if you suggest this your vendor will think you're having a laugh. Oh yes, and if you want the vendor to pay to have your chimney swept or your boiler serviced, don't be surprised if he tells you to go and find something different to buy.
  6. Taking A Mortgage Holiday To Start A Family

    Good on her. Bringing up children is expensive, this is just another part of the cost. Not having children on account of financial pressures is tragic.
  7. Buying A House

    Difficult to be certain without seeing the full plans etc. But broadly it means that in order to access your property (presumably coloured red on the plan) you have to cross a road that does not belong either to you or the council. However you have a right of way over it. Additionally you have a right to lay services pipes and cables under it. In general you have no right to cross somebody else's land or to dig it up for services, but you can be granted a right of way or an easement. And yes, as it's an unadopted ("private") road you have to pay for maintenance.
  8. If house price deflation is a GOOD THING - as it reduces state subsidy for housing, and allows the free market to work properly (on the basis HPI arose from Government incompetence/deliberate policy), then why is it not a good thing to solve high unemployment by abolishing the minimum wage. ::Stands back and awaits flames from the "my life should be subsidised and it's not far that it isn't" crowd on here::
  9. I've just had my mouseprice email for the month too. For SE1. And some of the price rises on people who bought in 2007 and sold just now http://www.mouseprice.com/area-guide/house-price-trends/SE1 Purchase May 2007 for 280k; sell May 2010 for 415. That's a 48% increase of anybody's money since "peak" LOL. Jolly glad I didn't stay out of the market when I STR in 2007.
  10. Cambridge First £1M Terraced House?

    You're living in the past! 28/08/2009 £1,200,000 Ter. F/H No Map 11, Brookside, Cambridge, Cambridgeshire, CB2 1JE I think some of its neighbours may be terraced too, despite listed in the LR data as semi.
  11. http://www.deloitte.com/assets/Dcom-UnitedKingdom/Local%20Assets/Documents/Industries/Real%20Estate/UK_RE_RealEstateExecutiveReportNov09.pdf An interesting read - it's about commercial property which tends to lead residential and explains very clearly why all those funds are struggling to find anything into which they wish to invest their cash. This is why there has been no HPC worth mentioning.
  12. Thanks. Spanish slate doesn't have the life of Welsh. Cheapskate. She would be nuts even to think of replacing the glorious Georgian windows - there's even original glass in some of them. She doesn't mention the structural issues and their cost - the back of the house is held up with scaffolding poles... And saving £10 per gallon of paint, and being forced to live in beige hell doesn't seem like much of a bargain. Oh well!
  13. British Land Eyes Properties Worth £2.5Bn

    To be fair, we are talking about British Land investing in commercial property. Commercial property is down about 50% from peak. Add an extra third off for the Euro, and to a Euro buyer they're getting nearly three times as much property for their money as they were 2-3 years ago. That's a proper crash; there's not much further south it could go. Residential is another world.
  14. One To Watch

    Golly, anybody would have thought you were posting on HPC rather than Moneysavingexpert. ((hugz))
  15. A market can only turn when the last bear becomes a bull. At that point there are NO more buyers, so it will turn.