monks
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Posts posted by monks
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£450k in the end
Did it rent?
Saw someone move in a few weeks ago. Big GBliners(?) trucks. A corporate?
Is that info from an EA source? Kicking myself we didn't go for it, as £450k for a house / garden that size is pretty good value round here.
Paul Youngs Hale Rd house now on for £529, and although it has some character, there is no privacy in a mid terrace on a busy main road. IMHO Queens Rd was a much better property and could have been modernised to an excellent standard for much less than the £80k difference (I reckoned about £40k or so was needed)
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Police crawling all over Hale this morning (inc. helicopter). I'm guessing it has some connection to an arrest for the rape on Saturday
30 year old woman apparently.
Well, at least the Police can rule out Mike Le Vell and Fred Talbot.
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The Groupon deals that pop up near me (usually restaurants) are a good indicator of the next local business to fail.
I was also surprised to hear the huge percentage that groupon / living social take of the sale price of deals (50% at memory) - at a headline 50% discount on original price, the restaurant food deals are verging on loss leaders.
Groupon - the last resort of the desperate Restaurateur.
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So what happens to tracker mortgages without collars?
Don't tell me another fiscal stimulus through PAYING people to have a mortgage ???!!!
Spend any savings you have. Sterling is obviously about to fall faster than an Egyptian hot air balloon
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Did this even happen because the media seem to be pretending it never. The oscars seem to be extremely important though.
Bread and circuses.
Whole thing stinks. News released late on Friday night (saw it rolling across the ticker in the pub) for minimal impact, then wiped off the front pages by some bogus story about a randy old Lord no-one had heard of.
BBC Radio 2's 8.30am headlines this morning didn't even cover it, yet the horse meat scandal still got a mention!
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However I was wondering what you meant by 'wasted thousands on EA fees.' With HIPS now been scrapped, and the fee that involved, I thought it easy for owners to test the market, basically for free. My understanding was few EAs charge a fee unless they sell the owners property.
Full article: http://www.moneyweek.com/blog/there-are-fewer-homes-for-sale-in-britain-than-you-think-12901
Apologies but I've not given all the info I know. The house was on the £459k with dual agents - Watersons and Hilditch (I think). We were dealing with Watersons and they became increasingly frosty when we were making low offers, saying a sale had already been agreed (although NOT at the asking price - I understood it to be in the region of £435K - I was willing to go £413k considering the work needed), eventually admitting it was through the other agent. SeeYouNextTuesday speculated one partner had "bought the other one out" - if that had been done through the official EA channels, then someone would still be liable for the 1.25 or 1.5% EA fees ? (say £6500).
Thats why I believe it has been sold to a third party - although I accept the likelihood of the previous owners believing the house will be "worth" £600K this time next year is high.
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My wife has been with HSBC for 15 years and went for a review meeting today and they said if she wanted a mortgage they'd be able to offer somewhere between x6 and x7 her salary!
My jaw dropped!
I had no idea such irresponsible lending was still going on.
Not my recent experience with HSBC at all (and I have an excellent credit record and have been with them for 20 years+).
They were willing to lend about 4-5 times my salary, but my wifes recent change to self employment counted against us as she is a "dependent" as well as the kids. Brought the offer down significantly.
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Only a BTL slumlord, and then one with a group of heavies to fight off other gangs in the area, would be interested. Indeed, probably worthless.
Our first student house after Halls of Residence was a tiny new build student BTL on Bird Street, off Smithdown Rd. Can't remember the name of the scouse landlord, but he was a big operator in that field and "others". His offices were an old warehouse, like something out of Goodfellas, with iron bars on the doors and security cams on every corner.
Anyway, we had some trouble from the young kids (12 years old) living over the road, sitting in our porch, giving cocky abuse etc. After putting up with it for several weeks, the final straw was a broken car window and stolen stereo. We went to complain and were told to "leave it with him". A couple of days later the front door had been kicked down and the house was deserted.
Restored my faith in the criminal justice system.
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all i could think was one partner managed to buy out/settle.
Possible, but usually they do that because they want to continue living in the home they know and love - not to just rent it out. If there is no emotional attachment or reason to stay (kids at local school etc), then why not just sell?
Also, they have wasted thousands on EA fees - not that being thrifty is a priority during a divorce.
As I say, a strange case, and I look forward to further info from local EA's / gossip tree
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Yet it has appeared on the rental market. Just did a new a RM search on Hale rentals added within last 7 days, and it's there.
Property-bee tagging it on 13th Feb. http://www.rightmove...y-40647554.html
Thanks - that is astonishing. I can't even begin to guess what is going on...
What sparse furniture was in the house has been removed (from lounge / bedroom), however they are still using an old photo of the kitchen with kettle / microwave etc
Can't believe a BTL'er has bought it and shoved it on the rental market without doing any work. Equally, I understood that a sale was needed to satisfy the divorce proceedings, so it must have sold (as BOTH agents have indicated)
There's nowt so queer as the housing market!
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Chatting to an intelligent, successful (earns £70k+) guy at work who bought 2 cheap BTL's in Salford a few years ago. He openly admitted he would struggle to recoup the original outlay now, however is on the brink of buying 2 MORE !
Says "housing always goes up in the long term" and these are his "pension", also that they provide him with £600 a month income.
Even when it fails, it remains an attractive option for "investors"
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"Executive Relief" for the housing market?
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we had bought at the height of the market, then came the crash
Jesus, they think we've HAD the housing crash
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- Live in a small terrace in south Manchester. House "worth" approx £245k with an outstanding mortgage of £65k. Currently overpaying mortgage at rate of almost £2k per monthYour current housing situation
4 bed semi with enough of a garden for 2 kids to enjoy playing inWhat type of house would you like to buy?
IF you can find one within the school catchment area we want, at least £380k, but more like £430-£450kHow much does this cost in the area you are planning to buy in?
As the days go on, I am more and more resigned to the idea of offering almost asking price on the next suitable property to appear on RightMove. I have been making "derogatory" offers of 20% below asking, but to no avail.How much would it have to cost before you thought it was worth buying?
In the short term, as we enter the "buying season" I am expecting daft asking prices to stay at their current levels. House sales are picking up in my area and I do not see any significant falls occurring this yearDo you think this is realistic and if so how long do you think before prices reach this level?
Overpaying mortgage, although HSBC advisor recently told me to stop paying the mortgage off and put the money into a savings account instead(!!). Their logic is that my tracker rate (2.19% above base) cannot be beaten, and I could partially port the £65K I owe against the new (larger) mortgage (with the remainder at a higher rate of say 3.49%). I am convinced the 2.19% rate can be matched by either HSBC or by another lender.How are you currently saving for the deposit? -
Labour write a letter complaining about Camerons incorrect use of a simple word to describe the monstrous debt that Labour created
Oh, the irony...
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From 7:40 this morning. First went to an outside broadcast featuring bodged-DIY riddled shoebox (banister wobbling, floor tiles lifting, kitchen doors hanging off). Been on the market since last summer and no offers or "bids" even though it had been viewed in excess of 20 times.
On site EA suggested some reasons houses don't sell include unlucky numbers and colour of front door. Not a single mention of price from the EA or "journalist".
Only when it went back to the studio, did Amanda Lamb drop the bombshell, "If your house hasn't sold after 2-3 months on the market... LOWER THE PRICE !"
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The weather report described roads as "treacherous" this morning - I've seen more snow and ice on a packet of frozen fish fingers
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Massive future wage inflation (whether in sterling or another "new currency") + fiscal drag = no child benefit for anyone.
The people currently earning £25-£30k who are championing this new policy do not seem to understand this...
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Any hour now the side show will come to an end, and we will hear that they have found an agreement and "done the right thing" yadda yadda.... aren't all our glorious leaders great for saving us from catastrophe etc, thank goodness for democracy
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Yours for only £695 per calendar month (£8340 a year)
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Getting the original purchase price back for a product you have used every day for 3 years = VICTIM :angry:
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Bought a flat in London 13 years ago for "£103,000 (the cheapest flat in London)".
Wonder what it is worth now, especially as she should have so much equity due to being over half way through the mortgage? (The monthly repayment suggests an outstanding mortgage of, say, £50K @ 2.99%?
No doubt some undesirable part of London back then, that's now full of sports cars and des-res apartments and million pound plus property
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Wonder if the "DVDs given by ex-boyfriends" include that public information classic "101 uses for a brown paper bag"?
Altrincham/hale/halebarns
in England - North West
Posted
Sorry, I was referring to the price. The original asking price was £459k
The rental link appeared on RM a week or two after it apparently sold (it disappeared almost as soon as it was posted).
I heard through unofficial channels that an offer of £435k was being considered, hence my surprise it went for "£450k in the end".