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Haventaclue

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About Haventaclue

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  1. Mattyboy, youre right!! My apologies all round ....doh!! Ive been surfing around so havent a clue where this small seed for this topic came from ! Reading my own link properly now.....omg, how on earth can you justify giving a further tax break to those who are already sitting on the hundreds and thousands of equity causing the over heating market in the first place! Surely theyre the first people who can afford it?! (This is now a completely different topic to the one I intended.... so will leave it there......thank you for pulling me up on it).
  2. Agree with most, yes decor and maintenance on bungalows have historically been shocking simply due to the demographic living in them. Yes, families do hold out for 'best price', and possibly go to rental if not achieved, but I wonder if this will be squeezed just as the main BTL market is being squeezed too. One thing I disagree on is ability to buy. Remortgaging to buy retirement or holiday homes is nothing new, and is easy enough at 60 if theres enough equity in your main home. Its been the obvious choice for years with hundreds of thousands tied up in equity, but as costs to do that, and
  3. No, its the surcharge on the 2nd home scenario. Yes you would be right, if they were just selling and buying, but due to the amount of equity in 'family' homes, its been relatively simple previously to buy the forever home first (remortgage on main residence) when you find one that you really want, then sell the main home after that. Under the new stamp duty rules, a 3% surcharge is paid on a 2nd home purchase. Yes you can then claim it back as long as you sell your main home within 12 months. The panic sets in if you dont manage to get a seller for your extortionately overpriced family ho
  4. Yep, Ive seen that too, but as the squeeze gets tighter and retirees earning capacity flies out the window, the whole downsize thing is to indeed dramatically cut overheads and release equity. Whilst it may seem logical, converting bungalows into bigger property simply to make more on a resale (property developers still at it!), it strikes me that by doing that, there may be an even bigger decreasing circle of 2 bedders available. How many "downsizers" move from a £250k family home to a £200k bungalow? If thats all there is in it, Id guess they stay put. Yes a £200k bungalow is going t
  5. So Ive recently noticed, bungalows in the North West, arent selling like they used to. (I know, is anything?! Bear with me) Larger properties in des locations still do well, but the run of the mill, 2 bed downsize options, just arent turning over. So looking a little further, I came across this from the express re stamp duty. http://www.express.co.uk/news/uk/660091/Pensioners-downsize-house-home-smaller-stamp-duty-exempt I think this indeed has a bigger impact on the average joe bloggs than has been anticipated, and bucks the forecast that the lack of bungalow building and availability wil
  6. Stockton, youre actually in a very strong position, considering the scheme youre in! Firstly, just IMO, stop being dazzled by the whole new build thing. Its exactly the same as the new car issue, drive it off the forecourt and drop thousands. Youve already experienced that with your first 'new build' why are you talking yourself up that a second new build is superior to the 'old' house you have now? Youre wrong. Youve experienced drive away forecourt loss once, dont do it again, and if you think Barratts quality is somehow better today than 10 years ago, youre wrong again. Every corner t
  7. Oh heavens. Do people who use buses live there? Ignore my recommendation OP.....
  8. Not quite. If there has been a huge increase, your borrowing capacity increases too. Yes you buy 25% at a higher price than 10 years ago, but you bought the other 75% 10 years earlier at the cheaper cost. Your bank should allow a remortgage in those circumstances due to the increase in equity in the property and the main mortgage should have been taken as a repayment mortgage and has therefore been reducing. Also it would be far easier to sell, releasing that increase in equity to move on to the next private purchase. The sting is everyone seems to ignore the fact that theyve tied in to
  9. Agree with this lot though. Yep, and a massive miscalculation by the government that their continued stealth taxation wont have a major impact...indeed will. The question will always be though, how big and how far?
  10. This is so far off the mark. All boomers have lived through several crashes, the worst being late '80's, but several before that, and can tell you exactly what its like to pay a 15% mortgage rate. Mortgage rates averaged at 10% for decades. I do hate it when posters come up with dubious derogatory anecdotes merely to spin a whole anti christ persona.
  11. No doesnt add up. 3 bed terrace in Bolton "potential" sale price £190k in the one area that has continued to slump whilst everywhere else has seen a rally, not a chance in hell. secondly dont touch an unmortgageable property, ever. Terrace rents circa £450pcm. Renters in the NW will expect 3 bed semis with driveways for £600pcm Edit: Apols, just rightmoved it, and it appears to be a semi....somewhat confused by the terrace description above. Eitherway, still stand by my unmortgageable hurdle. Thats a massive red flag.
  12. Asking prices? Thats a far cry from '25% reduction on previously sold price'. For me, they simply overvalued last year and surprise surprise, didnt sell. But it does make for some great 'sale' marketing!
  13. Caution with the treatment works....it really does depend which way the wind blows, and its very unpleasant. Youve got a good handle on the general area, Northwich Id say no to, it really is a bit of a trek to get anywhere. Dont dismiss Warrington due to the warped snobbery on here. Great train service to Manchester and Liverpool, (25 mins), 1hr 50 to London Euston, 2 international airports within 30 mins, a consistantly growing economy since the 1980s, motorway network great for North Wales the Lakes, etc and lots of good value for money property in decent outskirting areas. If working in
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