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BelfastVI

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  1. Yes, if the garage is part of the approved planning permission. Provided you first comply with any pre-commencement conditions such as forming sightlines, submitting and obtaining approval of land scaping etc. Any clause that states "before commencement of.." needs to be sorted before you excavate the foundations. You can then apply for a Commencement of Legal Development Certificate (may be slightly different wording, where Planning Service, for a fee will confirm that the Planning Approval has been legally commenced.
  2. The only impact local politicians have had on house prices in NI is their continuous practice limiting supply via no area plans and the slowest planning system in these islands. At a national level the only decision to have any impact in the Covit era was the STAMP holiday which had little impact here as it was free up to £125k in any event.
  3. I am a big fan of McWilliams but he is talking about house prices in Dublin which are on a different planet They have the surrounding areas busy de-zoning land. what could possibly go wrong. Dublin has a major housing crisis. Rents are falling with people being able to work from home but to rent a bedroom in a house was €2,400 per month and multi-national funds, who had been given major tax breaks, are buying up all the newbuild in the city. The average price in Dublin is €380,000 (£325,000), Belfast is £142,000 (43% of Dublin Prices).
  4. SDLT was free up to £125k and was 2% on anything over that to £250k. with the average NI house sale of £150k the normal SDLT payment would be £3k. Removal of this, at best should only increase prices by that £3k or 2%. I think when you get into very expensive houses this would become a factor. we are booking houses today that will complete long after this SDLT holiday is over and it is not a factor.
  5. Q1 2021 NIRPPI REPORT LINK Quarter Change +1.1% Annual Change +6% Q4 Sales figure revised up from 7,401 to 8,063 Number of sales 6,732 (Increase of 26% on Q1 last year but allowance for Covid needs to be made)
  6. The first condition on your outline approval usually gives the time scale. It normally says that you must apply for Reserved Matters within 5 years. It looks like that has happened and been approved, albeit it for a house you don't want. That new Jan 21 Full Approval will again, in the first condition give a timescale for legal commencement, normally two years. If you are to apply for a different house type it will not be under the old Outline but will be a new Full, stand alone, planning application. Obviously the precedent has been set under the current approval and as long as your scale, massing and ridge heights are not out of sync you should be ok. Your only rick is if your application is slow and is drifting towards the expiry date of the current approval. At that stage you would be advised to commence the approved house, making sure you perform all the pre-commencement conditions such as sight lines and perhaps submitting a landscape plan for approval.
  7. the only thing local politicians can do is zone more land to increase the supply of new housing but there are no votes in that.
  8. not trying to encourage you but you will equally be getting more for the sale of your own house now. It is the overall increase in debt as a result of the move that you will have to look at. Same applies if house prices start to fall-yours goes down too. whilst the gap to move up may decrease banks retract into their shell.
  9. 20 to 25 years still the norm and must be repayment
  10. The last time the banks fueled the boom by dishing out the money 100%, 105% no questions asked with self certified income reports. Its no where near that now.
  11. Always to give advice on this matter as I have a vested Interest. Despite that I am always nervous when prices rise fast as if it keeps going there is only one outcome. However, the cost increases we are seeing in the industry are eyewatering (from 10% on some materials to 40%. I have never experienced anything like it. is hyper inflation here? that only impacts the new-build market and we make up less than 20% of the market but the newbuild market will be forced up in price.
  12. I would speak to a mortgage advisor first. I would ask for quotes for 5 or even 10 year fix rather than a two year teaser.
  13. there actually was a thread on here years ago that tracked the number of houses on propertynews. I cant remember the numbers. Firstly a lot of the available houses has been booked. Secondly, in a rising market people hold back placing their house on the market using the dangerous logic they will get even more for it in a few months time. For people offloading houses they bought in 2006 this is somewhat understandable. They may feel they could get what they paid for it. However, as I say, dangerous logic.
  14. If the 'spare' 5 acres is decent agri condition then it could have a value of £25k to £40k which brings the cost of the actual site down to £60k to £75k for comparison sake. if it has good lake views then its up to you to value how much that is worth to you. For build cost start at £100 per sq foot. the price goes down the bigger the house gets so a 3,500 sq foot house will be cheaper per sq foot than a 1,200 sq foot house. However, we are experiencing massive inflation at the moment 40% in timber for example. Passive Housing is a lifestyle as much as a building standard and whilst your heating costs will be lower it is not an attempt to save money. it costs you extra but people do it as a way they want to live. Current Building Control standards go quite a way todwards that in insulation levels and air tightness. we are about to go to 'near zero' which will save you a little more in heating etc but will cost the typical house an extra £5k to £8k. My view is to go for the best insulation you can and therefore reduce the heating load required. whether that heating supply is provided by oil, gas or air source (read coal fired electric supply) is less important. Passive is largely around south facing glazing allowing the sun to heat up the concrete fabric of the house and this heat is released from the concrete walls and floors later in the night. there is also a lot of emphasis on heat recovery from the mechanical ventilation system. basically using electricity to harvest what would otherwise be waste heat. think of what heat your standard dryer pumps out through a hole in the wall or the heat from your shower waster running into the nearby river. All possible but expensive. I would guess an extra £24k to £30k to comply to save about £300 pa.
  15. of a specific property yes, in Land Registry but unlike England it is not free or easy to access.
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