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sera

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Everything posted by sera

  1. Would do fine as a BTL due to proximity of Sanger. FWIW, we've just bought a house the other side of the A505. One of a row of identical houses bordering a village green. We have paid 50K less than the last house to sell in the street, which sold in the last year. The difference between the houses? Ours has an extension.... So there are decent value properties out there.
  2. Homecheck wasn't particularly accurate for one property I checked when compared against what we found out when the solicitors did the search so beware.
  3. Second Massucco Buttress. We are using them for our purchase and to date they have been excellent.
  4. Take heart guys - we've just had an offer accepted of 10% below asking for a house in one of the South Cambs. villages. The nice thing is, an identical house sold for 50K more last year.....this is around the FTB stamp duty threshold, so not 50K off a 600k property! We're happy. Will fill you in with more details once we've exchanged - I've become a leeetle paranoid/supersticious
  5. Irish 'in bailout talks with EU' Second item on the BBC news front page.....
  6. Speaking as a chemistry graduate from Imperial College, the maths content of a decent chemistry degree is at least equivalent to that of a physics degree for the first two years at a decent uni. Some of my statistical mechanics and thermodynamics courses (essential for theories describing how reactions proceed) are hugely maths-based. About 50% of my graduating year went into the City - finance or law - with appropriate salaries. Although chemistry graduates still had to do a conversion course to do law, they had no problems finding firms to sponsor it. Compared with friends from King's who took out huge loans to pay for further law conversion courses. Biology, in my experience, is mostly counting snails
  7. Must be something about Ulsterwomen - We offered 60K below asking and told the EA we were his best hope of commission this side of Christmas
  8. No sign of a crash here. Just off the phone from Pocock and Shaw about this place: http://www.rightmove.co.uk/property-for-sale/property-27370144.html Estate agent said he could show us around but there's already been 60 people round, 10 of whom put bids in. Currently the highest offer is 390K, 3 parties still interested and EA expects it to go above 400K... EA couldn't quite believe it, for a house that in his words needed about 40K's work doing on it... Am fed up with this house buying lark. There's stuff on the market but it's either dross or overpriced. Should have just bought ovepriced crap 5 years ago like everyone else :angry:
  9. The key thing here is that in all cases the couples have been able to keep the flats. No forced sales. Bank happy for them to run two mortgages (or at least, the bank hasn't found out yet). Until people can't move because they can't sell their original property (in all of your examples the couples could move), no HPC.
  10. This is what worries me - until banks start refusing consent to let, I don't think we'll see much movement downwards if rental demand stays strong. By renting the house out, they get to move, paying over the odds for their new home as they can use equity from their old home, and they're not a forced seller on their original home.
  11. Hooray for Rightmove! We're looking at a similar house that's on for 70k more than it sold for 10 months ago. Buyer has done nothing. Planning permission for an extension is already in, so no added value there. And when we went to view it, buyer admitted he was selling because his landscape gardening business had hit the skids.... We did put in an offer and even the estate agent admitted the buyers were having a giraffe....
  12. Bit behind the times, surely? Addenbrooke's staff are charged £2.20 a day to park, and there's far from enough car park spaces. Consultants of course get guarenteed spots, and yet they're the only ones who can afford to live near the hospital. Oh, and the car park charge has to rise to ensure it's always more expensive than the Park and Ride...
  13. I'm hoping the same, although we got outbid on a property by another FTB (and this was on a family home in the 300-400k range). So although we might be rare, there's a few of us around. Looking for karma after spending years living on a shoestring in a rented shoebox whilst everyone else bought The only saving grace is that most other people looking at family homes have a smaller place to sell....there's an absolute glut of 3 bed semis where we are at the moment, and those are the ones that aren't shifting. And given the demographics in Cambridge (good professional employment and commutable to London, a 3 bed semi as a first house for a couple around 30 isn't unrealistic. For a long time Cambridge agents admitted that FTBs had no hope in Cambridge but that the market was happily ploughing on without them - it looks like the lack of movement in the smaller properties is finally coming into play...Constipated is exactly the word I use for the market at the moment! Apologies for the anecdotal!
  14. I would agree with this - we're looking at family homes in Cambridgeshire and the vast majority of the sellers are people who have just retired and are looking to move to a bungalow (health problems)/move closer to children etc. I don't think any of them are thinking along the lines of "best get out now before our investment plunges in value", they've just reached the next stage in their lives and want to move on. It can only be a good thing to see family homes finally come on the market, and a bit of competition from lots of other boomers selling up will keep prices in check. Bungalows are going to get even more expensive though!
  15. Yep, we've also gotten the vendor's mobile number so we'll be watching with interest. Fingers crossed, eh? Vendors want to move and be settled for Christmas so if this one does fall through then I guess we're top of their list.
  16. Well, we put an offer in on a house - decent family sized house in South Cambridge village. It's gone SSTC for full asking under a month, apparently to another first time buyer. So we're not as rare as we thought, which is rather sobering, and frankly depressing. The only saving grace is the agent/buyer did take seriously our offer which was a reasonable chunk lower than full asking. Fed up with this already - there's so much crap on the market.
  17. Certainly it should be a reviewed tenancy. I do think that council housing is a good idea. I would also give priority to the nicer houses to people who work, albeit for a low wage. If all you do is claim benefits, then tough shit, we'll give you a roof over your head but you'll be at the back of the queue. Make an effort to go to work and earn some cash and you'd get better quality housing/a choice of properties etc. Until the housing price correction happens, I have no problem with helping people with low incomes, no matter whether it's public or private sector. We need to provide some incentive to go to work.
  18. hehehe, we'd had dealing with them previously and not been impressed.... Also just had some music to my ears: a 3-bed semi on my street sold for £250k in april 2007, the identical next door house sold for £198k in june this year -bring it on!! Obv. no links on teh Interweb 'cos I I'm not telling you weirdos where I live
  19. We've started looking for something in the South Cambs villages. Have discovered why Estate Agents have such a crap reputation. Given that we are ftb's, ready to go whenever, you'd think they'd be at least mildly interested? Wrong. All of them, with the exception of Archers in Royston were a total waste of space. Have they even heard of Rightmove? There is absolutely no value to them - they only offered printouts of what they had on Rightmove. And it's obviously escaped their notice that people who can afford to buy houses generally WORK for a living and therefore can't do viewings Mon-Fri 9-5. We asked for a 6pm viewing on one but were met with much sucking of teeth and "ooooh, it would mean working late...."6pm FFS! Dim lady in the Shelford Tucker Gardner branch (who was the most patronising witch I've had the misfortune to meet in a while) was talking the market up, saying it's very buoyant... we went to see one of the properties on their books and were met with a pretty desperate seller No matter how great the appliances in a three bedroom house in the sticks are, it's still a very small three bedroom house in the sticks and not worth nearly £300,000.... Anyway, the guy in Archers, Royston was very refreshing. Was actually interested in what we wanted, talked for ages about the properties he had available (also pointing out ones belonging to motivated sellers...). I'd want my money back if I were attempting to sell a house through any of the rest! Thank God we're in a great rented place and have no real need to move!
  20. And wasn't this the emergency budget? I thought there was a spending review due in the Autumn which might be rather more drastic.
  21. £10 winging its way from here as well.
  22. People with sufficient equity can - these are people who (if they haven't MEWed) can get a CTL/BTL mortgage and a deposit for their new place. These are also the people who could afford to take a cut on the house price because they bought before the boom. Rental market here still appears strong but I'm in Cambridge where there's always a flow of professionals looking to stay for 2-3 years.
  23. I think the biggest elephant in the room is the large amount of people who just rent their house out if they can't sell it for a price they want. I'm surprised this isn't mentioned more often on HPC - Nationwide slapped an extra 1.5% on all their residential mortgages on which they had granted consent to let after 3 years consent to let had been granted. If sellers can't just rent it out, that's when we'll start seeing motivated sellers.
  24. Medical Research Council are on a total recruitment freeze as of last week. However given that the bloat in middle management earning £35K+ in the past 5 years has been astronomical a hiring freeze now will be too little and too late. Cuts will definitely come through natural wasteage, rather than through where they might actually save money... Interestingly, a friend was on a waiting list for a place in a Cambridgeshire nursery for her baby which is due in the summer. She got a phone call saying she had just jumped up a large number of places on the list - apparently lots of people had been made redundant recently and were having to take the kids out of nursery...
  25. We have the same MP - I might be dropping him an email soon....
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