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Everything posted by abidova

  1. Is it possible to insure against a future Stamp Duty Holiday? eg - you pay an insurer a sum and receive your stamp duty costs back if there is a stamp duty holiday or the tax gets removed within a specified period
  2. The above mentioned latrine went on to be reduced to offers over £349.950 and is now under offer. Be interesting to see if it completes and if so at what price level Houses in these two areas look to be going fairly quickly still
  3. to confirm I meant the area doesn't look that overpriced against what I would consider lesser neighboring areas (Morden, Mitcham). Not this particular place which is smaller than a lot of 2 bed flats
  4. True the High Street is a busy one. Because the road narrows near the ponds everything has to slow down. There are ways you can drive around the High Street if you need to avoid it however. Commuting is pretty good into London in this area with 2 stations along with the bottom end of the Northern Line plus all night trains to East Croydon both around 3 miles away. Annoyingly it doesn't look that overpriced against what I would consider lesser neighboring areas (Morden, Mitcham) - but like pretty much anywhere bordering London it is still expensive.
  5. ...nowhere to park or internally put any of your stuff, there is no storage. For £400k in this area I would expect at least a 4 bed semi with decent size garden in one of the nicer roads.
  6. this very unusual building, right next to the ponds was sold (as a repo I think) in June this year for £209k. quick renovation to include kitchen, carpets, tarting up on the outside - would estimate £30-40k spent and voila - £399k asking price http://www.zoopla.co.uk/for-sale/details/26750763?search_identifier=e883c6cf261dff0c156320064e0a40ec looks like the park-keepers house and is a very unique one but £399k for what looks like under 1000sq ft is unbelievable for a place on a busy high street
  7. Asheron - a quick Google shows 2,3 and 5 year bonds available with big building societies at rates of 3-4% - fixed rate savings the same. If CB' mortgage is 1.5% then this type of thing could work depends what CB a) wants to achieve and is prepared to risk. chucking any spare cash into a high risk fund/PM/commodities might pay off but equally could end up further behind than if just overpaying a bit each month,
  8. Depends on a number of factors. What interest rate is your mortgage at? if it is a very low tracker then you should be able to find some kind of pretty safe bond/savings account that pays more in interest than your mortgage is costing. Would imagine that for any mortgage around the 4/5/6 % mark it would become a bit tricky to invest safely without risking capital and in this case maybe an offset mortgage might work
  9. simple - get a friend to phone agent 2 and ask for a viewing - or phone them yourself and see what happens
  10. to add £395k for a flat which is on a busy main road, and by a rough calculation looks as though there is under a thousand square foot of space. Maybe someone will buy it because the kitchen is a huge 4ft 12in wide?! No flat in SM5 will ever have sold for this much - would guess you would have to go as far as SW19 to find a flat sale at a higher level than this? By way of comparison you could get this for a fair bit less... http://www.findaproperty.com/for-sale/property-10970778
  11. couldn't believe this one... http://www.findaproperty.com/for-sale/property-10851523
  12. couldn't believe this one... http://www.findaproperty.com/for-sale/property-10851523
  13. difficult to say whether charges are high. It looks like a fairly new building so apart from gardening, replacing light bulbs, painting the communal areas every couple of years and maybe clearing guttering every so often it's difficult to see where the £20k a year ish (assuming 10-12 flats in the block?) would go. could be because the building needs a lot of extra upkeep which maybe indicates costs could go up in time or maybe there is an external managing agent who is creaming off some of the leaseholders contributions you would probably want to look at detailed accounts for at least the last 2 years to see where all the service charge money is going and you would need to decide whether you are comfortable with paying out every month and maybe not having a say on where the money is going or whether it is wasted etc
  14. The service charges would put me off. £2k per year including ground rent, although not the highest is still a lot of money if you lived there for 10 years you would spend £20k which would lose you around £4k in interest over the period, or be £20k you could have paid off your mortgage saving several years in payments
  15. I think you would be crazy to let the estate agent know how much you can afford from the outset. Imagine you want to buy a £100k house, and want to pay say £85k for it but the EA has been informed by there broker that you can afford over asking, they will try every trick in the book to make you pay more. In a game of cards you wouldn't show your opposition your hand, same should apply here. Not suggesting the OP use this tactic but what is to stop someone saying to an EA "get me this house for £x and I will slip you £y", if EA' are only interested in the £'s this is surely an easier more pain free way to get them on your side?
  16. I would definitely formalise your offer by putting it in writing. send a copy registered delivery to both the agent and the seller, make sure the agent is aware the seller has the same letter by addressing it to both. Make it clear that the offer is dependent on the house being removed from the market immediately. Maybe arrange a survey for 7-14 days time but beforehand get a friend to enquire about the house and see if they are given a viewing or not, this should give enough time to cancel the survey and not waste any money or time on this
  17. Anywhere within 1km of the station really. In an ideal world something close to carshalton park (salisbury road, carshalton park road etc) but realistically probably more likely to be the area around mill lane which is the carshalton station end of grove park (you probably know it) anywhere away from st. Helier really. I think this winter might start seeing things loosen a bit - at least in terms of lower offers being accepted rather than stuff coming on at lower prices. Would need a 3 bed place for it to be worth moving to but renting not really an option as rental prices are high and there is little choice. Other thing for me to consider is the .75% above base for term mortgage which at present we would be crazy to give up, so anything that comes on at £275-300k that I can eventually get for £240k or a bit less I would settle for
  18. Am aware of both houses in the square - pretty similar and in similar conditions selling for 20% difference in 2 years. the prices achieved in this road always shock me - one of the 2 new detached houses next to the library sold for £595k in 2010 - sold previously for £513.5k in 2006 - this house virtually backs on to 2 pub gardens and is in quite a busy street for a side road. However am seeing some loosening of prices in the £300k and under range - am looking for something to come down enough in order to look at offering under stamp duty threshold (3 bed houses).
  19. ground rent can be claimed for up to 6 years (not 7). freeholder doesn't have to give receipts for ground rent so your friend would need to have kept his own records if he has paid all or some.
  20. the Andrews on the High Street has a copy of a Daily Express cover in the window - something along the lines of prices up £5500 and ready to go up more. this must be a sign of low volumes and a tiny bit of desperation seeping in. still not seeing much in the way of drops round here yet though
  21. Pie Eater – agreed on most of that, decent houses in the £350k plus category seem to be moving fairly well, flats are more sticky unless in a decent street or competitively priced. Contrary to what you say though I am seeing a lot of houses going SSTC in the roads between Culvers Avenue and Hackbridge station which is just across from the St Helier estate, still not sure where the mortgages are coming from to pay for these places but they are moving. Househunter 2011 On South Wallington are you looking at school catchment areas? If so I would check out the latest results as all the catchment areas seem to be getting smaller so roads and houses advertised as in school catchment areas quite possibly are not. Lots of nice roads around Sandy Lane South and South Wallington in general, best advice is get down there have a walk round and check out the recent sold prices before diving in
  22. according to Land Registry figures SM5 is back to around mid 2006 levels. flats seem to have dropped off a fair bit but houses are still holding strong. it is going to take a string of bad news/reports to get things moving downwards round here
  23. firstly you need to check your lease to see how much of any charges you are liable for - will probably be 25% but best to make sure. Also I think ground rent can be claimed for longer than service charges so look into this. then you should write to your freeholder (it has to be letters rather than conversations from this point) asking him for a full breakdown of the costs, dated and with receipts where possible. This way should he supply this information he will list 2007, 2008 and the start of 2009 which you are no longer liable for, making it easier for you. If he fails to supply this then you don't need to pay until he does (I would have a solicitior confirm this however). You should also copy the other leaseholders on the letter, even though they may not want anything to do with it, this could change if they realise you are prepared to do the leg work to there benefit. In the meantime take date stamped photos of any poorly kept areas like you attached above so you can reference these later if required. Once he responds you will need to write to him again (and pay him what you owe). This is the point where you may need to go to a solicitor or at the very least phone the leasehold advisory service who can help with the wording of a letter as this will be the point where you tell him you are not liable for anything over 18 months old. Some solicitors will give a free 30 min consultation and send a letter for around £50, with the extra weight this carries it could be worth doing. I would definitely speak to the leasehold advisory service who offer free advice on matters just like this
  24. So, what’s the general consensus on Carshalton/Wallington then? Prices seem to be holding up, is that because money is coming in from those moving out of the more expensive SW London? I am after a family house – 3 bedroom, nothing too fancy the kind that is around £300K at present. Am hoping for a 10% fall which would bring these into range of offering under the stamp duty threshold, hopefully giving an overall £50k off where we are now - quite happy to take the 10% hit on my flat as mortgage is only 1.25% so on balance selling to rent probably not an option for us. Am still hopeful that this will happen in the next 18 months or so
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