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House Price Crash Forum


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About gareth1214

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  1. Boi,danske etc will lend against this type of house using regular products. Had trouble with nationwide before, they treat it as self build if there is no bathroom or kitchen !
  2. Something weird happened between photos 4 and 5, spot the differences.....
  3. Also, plenty of snow still on the roof is a good sign. Driving around the county, I'm amazed at how many houses still waste oil by heating the attic
  4. As the 'contact us' link on the PP.com site does not seem to be working, might I make a suggestion here in the hope that pp.com are watching. The addition of the stats tab with price reductions etc has proved useful as it means I dont have to jump to other sites to get this information. Whenever I see a house I am interested in I always need to check the lpsni.gov.uk website to get the capital value. I then need to find the correct district rate to calculate the expected annual rates bill. If this value or a link was integrated into the stats tab it would prove useful. Another check I perform on a regular basis is the BT broadband speed test for the postcode in question. As I, along with many other people, work from home, a fast conneciton is high up the priority list. Again, if a link to this info would be useful. The city dwellers amonst us might find this strange, but there are many areas of the countryside where broadband speeds are hit and miss. Thanks in anticipation.
  5. Personally, I wouldn't touch it. Unless you are in the building game yourself, or you have some good contacts. Many builders wouldnt take on this project as they would have to stand over the work already done. Mortgage finance shouldn't be a problem if you go to a local high street bank. I know Northern and BOI would lend against this. I recently got approved for a mortgage on a builder finish house from Northern. Nationwide BS wouldn't touch if didnt't have a kitchen and bathroom. They would class it as selfbuild, which they no longer offer.
  6. went to see northen bank last week about a mortgage. No previous history with them. Brought all the relevant documents and had mortgage approved within an hour. They didnt need to do a valuation survey on the house, and mortgage was approved in branch without the need to go head office. Rate was very competitive and will receive £300 towards legal fees. As they didnt need to do a survey, they will contribute £175 towards the cost of my own survey should I get one. These incentives helped offset the £799 product fee. I've applied for about 5 mortgages and remortgages over the last 10 years, normally through the GB lenders. Northern proved the easiest and friendliest by far. p.s. LTV was 45%
  7. Building in clusters and social housing has already been covered in draft PPS21. Retirement houses on farms and houses for farm workers were old requirements under PPS14, these requirements have already been removed under draft PPS21, in that each active farm is allowed one house every 10 years, but the house must be "clustered" or "visually linked" with the existing farm buildings. The final version of PPS21 may relax some existing requirements in the current draft proposal. Some consultation responses are worth reading, particulary those from RTPI and NILGO. The final version may also address the issues for non-farming rural dwellers. There have been some issues around the farmyard cluster and the "visually linked" term that may also be addressed. I also understand more emphasis will be put on appropriate design and site integration. To this end, I hear that various organisations, including RICS, have been asked to provide feedback for appropriate rural housing design guidelines. This resulting design guide may well form part of the final version of PPS21.
  8. My area is in Fermanagh. When you omit those sites that are still for sale at 2007 prices, most new sites are realistically priced. I also believe there is more scope for bargaining with building sites. In most cases the vendor has had very little outlay in gaining the planning permission. Therefore any offer over and above the agricultural value of the land will return a profit.
  9. Johnsp, I have been keeping a close eye on rural sites over the past 12 months. There has been a significant drop in asking prices. There seems to be a lot more coming on the market more recently. Remember it was March 2006 that PPS14 was introduced, therefore very few speculative site have been approved since then. With outline planning valid for 5 years, most will start to run out this year. I have noticed a few sites being sold in the past months with 1-2 months left on the reserved matters approval. This is leaving it very tight for prospective buyers, as they need to get building control approval, then get the foundations in place with building control sign-off to crystalise the planning approval. These sites are best suited to the cash-buyer/cash-builder, as most FI's wouldn't touch a site with such a short lifespan. I know that Nationwide BS require the site to have at least 12 months permission remaining before work commences. For sites that only have outline permission, you need to have a set of plans ready to go ASAP, and you will need to apply for reserved matters on the outline or a full application. One positive note is that planning service may treat these applications under their streamlined process which will get you a decision within 30 days. They should also look favourably on your plans if you intend to downsize from a previously approved McMansion. From a price point of view, each site will be priced on its own merits. In my target area, the average site of about 1 acre is worth around 55K. Additional acres of quality ground should be priced around 8-10K. There are still plenty of 0.5 acre sites in the corner of fields, that could be snapped up at 20-30k. Estate agents will tell you that with a reducing supply, sites will only get more expensive. This has yet to be seen. There are a huge volume of approved sites out there, not all of them will be built on, but I would expect more to come on the market soon. On a final note, rumor has it that a final version of PPS21 is iminient, and there may be a little more relaxation on some issues.
  10. Like many others, we have been waiting for several years for a resolution to this mess. We submitted in September '07 just before the rush of applications following the outcome of the Judicial review. At the moment, we meet all the conditions of CTY 10 - Dwellings on Farms. What's your interpretation of the term "visually linked". There seems to be a bit of ambiguity surrounding its meaning. Looking through the historic appeal reviews on the PAC website I haven't managed to get a clear definition ??
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