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Ride_on

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About Ride_on

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    North Down
  1. Ride_on

    Brexit And N.i.

    I think the elephant in the room is that we haven't triggered article 50 yet. We havn't left and I predict that we won't. Why?? for the doom and gloom mentioned above, expanded many times in every area and no politician wants to do it.
  2. I would agree, I consiously chose to rent (to get a better place than the flat I owned with my partner) as buying was alot more expensive in comparision (still is at this level but less so now). Really we wanted to buy, as renting in the UK you cannot call your own and you have no security of 'home'. The LL has more rights and is more unstable these days.
  3. Ride_on

    The Bank Of England Clueless Thread

    Isn't it just, "economy getting jitters from brexit, bank property reducing in value, create house price boom by expanding debt" as per the 2000 deregulation triggered boom?
  4. Ride_on

    Ea Fees + Comission

    Vision came back with the lowest offer <£1000 all in, but unfortunately the ex seems to think that the that fact the more expensive EAs 'know the market' and therefore add more value. Of course they don't offer a higher price nor make any promises so I struggle to see this value or how 'knowing the market' helps them make a private sale. Do they know where a secret stash of buyers is hiding perhaps? This is the same meaningless crp pedaled by the EAs when I phoned up for quotes. thejaksie, did you sell a N.Ireland property in housenetwork.co.uk, it does seem to accept NI postcodes for agent search. I think we don't have any on-line sales access at the moment. Still at the end of the day we can't access PN without them and need them to take the bids honestly.
  5. Ride_on

    Ea Fees + Comission

    Hi everyone, long time no posting. I've been, and will continue to rent for the time being but after various legal issues with ex, now has come the time to sell my property and I'm wondering about EA fees. Seems the standard rate is £150-£200 registration that covers the setup and advertising then they want 1% of the selling price. Vision are offering £1140 which seems to be the lowest but I would not be surprised if there are hidden charges. After adding everything up and adding vat its just under £2000 for a property of £140,000. Doesn't seem to be much competition in the market and they are not exactly biting my arm off for the business. Anyone know of any EA looking for easy money at a lower price? Fundamentally all I really need is the Propertynews advert, why does that cost £2000?
  6. Ride_on

    Upturn 2015

    Well the upturn is definately in there and some are saying its all over. I am still sceptical and hopeful that prices will continue down to a more sustainable level. I feel the economic requirements have been put off in NI. Another crash anyone? NI dependancy on Public sector - This is being slowly adjusted, fairly quietly IMO, but rightly so in many areas. Redundancy payments have cushioned the economic effects for now. Will be more pressure in future. NI Benefits reform - Been put off a few more years, will hit LLs NI Water charges - Still on the table (more public sector jobs?) FTB age - Still in 30's probably increasing, renting culture increasing Energy costs - oil price low, long term increase.
  7. http://www.bbc.co.uk/news/business-28361778 Good to see the right words but does this mean anything moe than tinkering at the edges to satify bloodlust for banks? They think bank charges would be better for competition to encourage people to move. Certainly would make comparision easier. I think the main problem with competition problem is barrier to entry, in that, for reasons I can't fully understand, small banks are not allowed.
  8. Is this a 'household' salary rule, meaning it is miles away from the 3.5x main earner+ 1x 2nd earner sustanable average.
  9. It does seem unusual to me, but it doesn't say the tenant is liable for all the rent for the year. If this is a get out of contract clause it is a generous one. Others want guarantors who are liable for the whole term. I would also hold back your knowledge cards, these could come in useful if you need out of the contract early. Often just mentioning rent books is enough to send most ll scurrying.
  10. Ride_on

    Negative Equity

    If you want to go the debt forgiveness, you need to play the bankruptcy game with the bank, they would probably rather not make a total loss on the negative equity. But if they think you will never go bankrupt they will not fogive the debt, you need to give them a reason. If you can agree some profit for them rather than bankruptcy they might accept a reasonable figure. You need to be prepared to go for it and lay it on the table to the bank, then you have something to negotiate with. And you need to stick with it, they may only back down once they realise you are serious. Other than that I would also recommend renting, stability is not a good reason, you are ruining your current stability by moving out of choice. Stop being a rental snob! Being chucked out is rare, LL's prefer a long term tennant, especially in a decent house. Even if you do get chucked out, renting is easy in easy out, and still cheaper for a decent house.
  11. Ride_on

    Rental Guarantor

    My sister who always pays her bills, has a working partner, is 40 and been renting houses since outgrowing their purchased house in the last 6 years or so, still apparently needs a guarantor who works and owns a property. Is this normal, I've never needed one.
  12. By your various reference to housing ladder, equity and investment I would be concerned that you have not read this forum for very long. It is dangerous to consider a home as an investment and you really should reconsider your attitude unless you intend to do this for a living. If you intend on moving again in a few years then it is likely you will be better off continuing to rent. £700 will rent you a very nice house in East/South Belfast or North Down which would be considered a lesser location downgrade from Malone, balanced by an upgrade in property. Drastically downgrading just so you can buy could well lead to problems later. Granted paramilitary activity has reduced but the people and mindsets havn't gone away you know ;-) Why don't you rent in Carrick for a year?
  13. Ride_on

    Ghost Bidders

    I still maintain that in a 'buyers market' there are more sellers than buyers, therefore no need to bid. Its another debate if it has swung back to sellers, although I personally don't think it has. I might also sit on the side line waiting for a bid, but I am actually waiting a 'period' for the seller to get more desparate for my bid. If another bid arises I will walk away.
  14. Ride_on

    Can't Find Somewhere To Move To, Advice Please

    A rental agreement goes through within days, 2 weeks tops. If you are looking at a family home, you will be able to afford much more renting than you could buying. Get somewhere really nice and enjoy it while you get a good deal buying. Renting is easy in easy out, just move quickly once you have settled on somewhere. Always offer £100/month or 10% off the monthly asking for a quick agreement.
  15. Ride_on

    Ghost Bidders

    I've a similar story, offered a lower price after ghost buyer dissappeared, was accepted :-) 1990 Simple rule : In a buyers market NEVER raise your bid, and NEVER bid against someone, be prepared to walk away.
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