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snuffle_uk

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Everything posted by snuffle_uk

  1. there's mention of guarantor stuff on the scottish windows website, although i think it might be to do with a 'Professional Mortgage' intended just to lawyers, doctors, etc. worth you having a look though anyway
  2. It is, but my thinking was that I'll be needing someone to identify defects for me in order for me to get the builder to fix them now? Else I risk more extensive and hence disruptive fixes later on, potentially after the certificate has expired (if they take a while to start causing real damage)
  3. The house I am going for is a six yr old 3 bed semi. I've read a fair few websites suggesting just the Homebuyers report for something so new, but read other websites where some denounce those reports as not being noncommittal where potential issues arise and rather superficial. This is meant to be our home for decades so am tempted to try and get as many issues smoked out as early as poss, plus I'm a naturally paranoid sort anyway meaning I would suspect shonkiness in the build unless someone can reassure me otherwise. Structural survey might be worth the extra cost... That where my thinki
  4. My more paranoid side is edging me towards getting a local surveyor to do a proper structural survey on a property i'm buying, rather than the easy option of the mortgage-bank arranged Homebuyers Report. Its a 6 year old 3 bedroom semi... perhaps a structural survey is overkill considering the age but I want to ensure as much as I can that there's nothing bad lurking there, rather than just wanting to get the transaction through with a minimum of fuss and effort! so, does anyone have any recommendations for surveyors in the Cambridge area? cheers in advance...
  5. Thanks for the heads up about interest recalculation, top info. Your point about longer term & flexibility is spot on, that is what i was thinking of all along. Whilst childless i want to be able to overpay as much as possible, and then fall back to a lower mortgage commitment each month once i have a family to pay for! Unless doing so is more expensive for some reason, which TFW has shown it isn't
  6. Good points :-) My question was under the assumption that the interest rate and the fees are the same. In that scenario, is paying a 25 year mortgage off (in its entirety) in 15 years by overpaying every month (e.g. no lump sum) equivalent in terms of cost to a 15 year mortgage?
  7. Apologies for a numptie newbie question! If i took out a 25 year mortgage and paid it off in 15 years, would it have been any more expensive than mortgage arranged for 15 years in the first place? In my head they seem equivalent but i'm not sure if i'm missing something. thanks in advance for you help...
  8. bump! does anyone have any further suggestions since August? I may need to make some calls myself soon, so if anyone is able to add any firms that they recommend to the list in this thread then that would be appreciated
  9. does anyone know if the new coalition have said whether the three year rule on CGT is going to be scrapped - i'm referring to the rule that says as long as you had the property as your main residence at some point, then once you cease living there then next three years of ownership are treated as if it was your main residence (so exempt from CGT), even if you lived elsewhere and let the property out during those three years...
  10. fair enough, but places with train stations in them that are handy for commuting don't tend to be affordable and pleasant. for an example, you just need to look at the villages between Cambridge and Stevenage (meldreth, shepreth, etc), i'd love to live there but lots of ex-london people have moved there due to the train to Kings Cross and Stevenage and pushed the prices up.
  11. my current work is in Stevenage, and the person i would be living with works near Waterbeach. so its a case of finding a happy medium between the two which is also affordable (that seems to be the problem at the moment... which is why my thoughts have ventured out as far as St Ives!)
  12. ah, good info about the flood risk. perhaps an impact on buildings insurance premiums to consider. actually went for a look around St Ives yesterday... thought it was quite impressive size and quality of town centre considering its not the biggest of places. Seems the town is split into to the town centre at the bottom of it in the south and then the entirely residential bit thats north of the road that splits the town right thru the middle. the residential area seemed decent enough, nothing special but not too bad either... a reasonable place to live for a while. then we went to huntingdon,
  13. hi everyone, thanks for your input on Bar Hill. yep, like most of us addicts i've been spending longer on rightmove and i've uncovered relative 'value' in St Ives and Huntingdon, which are connected by bus to Camb so not cut off (also Huntingdon has a rail station). Is it just distance from Cambridge that gives these places their keen-ish prices or is there (again) something i don't know about them? cheers, snuffle_uk
  14. hi folks, been doing some rightmove searches for possible purchases and it seems that 90% of the results of my low priced search are in Bar Hill... why?
  15. well if the market was dead when the house went on the market and its still dead now then (with all due respect) how do you suppose the house sale is going?
  16. excuse me being dumb... what do you mean by that?
  17. I totally see where you're coming from, and when (or if, lol) my place sells i'll most likely join you in renting for the forseeable future, to remove the need for a second salary. The only reason i originally mentioned a couple (or two mates) pooling salaries to buy together was to point out that 'the buyer has to be earning 55k to buy your flat' wasn't the only scenario out there.
  18. can't argue with your maths, however remember that there would be more than one salary involved if/when my place was sold. a professional couple earning 27-30k each isn't all that rare... i'm pretty sure a singleton isn't going to be buying a three bedroom property. (if anyone knows if its not as simple as just adding up the two salaries, do say) good point about the deposit required being a large wedge of cash in anyones book, but not everyone is up to their eyeballs in store-card debt. as long as nothing unexpected happens in a month i'm able to add a little to my savings each month and my
  19. this, of course, depends on the people who live above or below you. Personally, we've never heard a whisper from the people who live below. But i take your point and others do share your opinion because we have had people who have looked elsewhere for this reason. true on the garden point. agian, we've had people who have looked elsewhere for this reason. which is why its got a lower asking price! i'd say its more a case that the people who can buy are those who actually have more than my flat is priced at in their pockets and choose to spend to their limits, e.g. buying entire houses
  20. There are seemingly still a handful of people looking for and able to pay more for houses that actually have less internal square footage
  21. true, true. i can certainly imagine £300k going a lot further than a flat in many other parts of the country. perhaps a good plan is to buy a flat like mine for 100k up north and then move it brick by brick to Raynes Park? (only works for top floor flats, lol) Thanks worried1. to be honest, at the moment the viewings we're getting are people who can afford houses but want to see my place as an option... in the end they end up going for the houses because that's what they really want, and after all they can afford them.
  22. i'm not sure there are all that many ways to interpret 'it looks pretty dire', lol but anyway, if you're expecting more than this for the money then i suggest you wait for prices to fall a lot, and come to terms with the fact that (under certain future circumstances) you may end up never getting onto the property ladder if you only ever want to pay what you perceive to be the 'right price' rather than the market rate for a property...
  23. lol, well, i really like it actually if it doesn't sell then i'm more than happy to stay on until the market picks up again! one man's lunch is another man's poison etc
  24. this is interesting. its impossible to refute what you're saying because you're right, it is a market and if buyers don't want to pay the going rate then there will be no deal. they way that you define 'overpriced' would apply here and i accept that. as you recognise, the way i define overpriced is different and i do link it to the affordability of some. Without retracting or changing my initial sentiments of 'if its a price someone is able to pay and will eventually be inclined to pay given the right set of circumstances then its the right price' then i'd be happy to use a different term and
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