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House Price Crash Forum


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About SEW247

  • Rank
    HPC Regular

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  • Location
    SE4 London
  • About Me
    Formerly of N19 where is lucked out on my 2 bed flat and bailed out to SE4 and bought a 4 bed house. Still think prices will drop, but got a 10 year fix and a 60% deposit so I should be okay
  1. An interesting read this far! So those of you with pensions, what are you planning to switch your investments to?!
  2. I personally think 25 years is too long as I can't think of anyone my age who has a mortgage being able to commit to staying where they are for the next 25 years and at a significantly higher rate I'm not sure it makes sense. That said, I suppose if you were in a stable job and happy where you live with settled kids etc then it might make sense for piece of mind. I personally went for a 10 year fix when I moved in April as I can almost definitely see myself being where I am now for the next 10 years now I'm thinking of getting married, having kids and in a stable job. I managed to snare one
  3. Funny enough, this is exactly how I sold my flat though I think they called it a "pre market launch". It's actually a very good way of marketing a property, particularly where there is uncertainty over what to put it on at. This then avoids the vendor putting it on at too high a price and then having to slash the price which the shows up on rightmove and we all then ask "wot's wrong with it".
  4. Dearly me, looks like the £50k hike didn't work after all. It's now back at £550k http://www.kfh.co.uk/residential-properties/houses-for-sale-london/houses-in-catford-se6-winterstoke-road/2121528/
  5. No not sucking eggs at all. I was watching this area for 3 years and it has gone [email protected] in the last 6 months. Fortunately I managed to buy a house which is a for lifer, but it's interesting to keep an eye on it all in any case. Agree with you RE value - Blythe Hill has some nice houses but the SE6 Catford postcode so a lot of people turn up their noses at it. From what I've heard, the parasites are now ramping Penge and even parts of Sydenham (!) now prices have gone up too much in SE4!
  6. And here's another one I was keeping an eye on - now gone up £25k in the past month http://www.rightmove.co.uk/property-for-sale/property-45880880.html
  7. In hindsight I think we had a lucky escape. Problem is, there's very little on the market and I suspect people will now be getting pretty desperate. it will be interesting to see what effect the new mortgage affordability rules have on things. Looking through the list of things they may ask, I think it's very doubtful anyone living in London will be getting a mortgage
  8. http://www.rightmove.co.uk/property-for-sale/property-42270025.html This property was on the market for £550k back in January and has now reappeared for..... £600k!!! with one agent and £575k!!! with the other agent http://www.rightmove.co.uk/property-for-sale/property-30115893.html I think it was on the market back in August 2013 for £550k and It went to under offer before Christmas but the previous buyer had a full survey, and the sale fell through. So I made an offer of £500k back in early January as it has bad damp in the basement level and other issues with water ingress in the elevated
  9. Indeed lots of bearish news today, but now I'll be in a house which I can see myself staying in for 10+ years. The thought of being trapped in a 2 bed flat in a falling market was actually quite frightening and one of the key reasons why I was so desperate to get out. Hopefully my long fix and 50% deposit should see me through the worst of it when it inevitably comes once Milliband and Balls are in Number 10 & 11.
  10. Don't say that! I just exchanged contracts today! Oh well, got my ten year fix, GF just got a new mega bucks job, so we should be able to ride out the storm. I guess I'm better off to now be in a house rather than a 2 bed flat when it all comes tumbling down. But you're right - some people are going to get badly burnt.
  11. Same situation for me this week. Couldn't exchange yesterday as my buyer hadn't got her shiv together. My vendors then asked for £25k more. I told them I didn't have the money and then they said they would be re marketing property this week £25k higher. I then called their vendors estate agent and told him what was going on, explaining that if my vendor has to find a new buyer his sale to them will be delayed for at least another 2 months (he's already waited 6 months for them to exchange and his client is already fuming) He then called my vendor and said his vendor wants £15k to wait f
  12. I went for the 430d MSport but am struggling to get more than 43mpg on a good motorway run, and that's doing 75mph However it has masses of torque and power and there's nothing like hearing those two twin turbos whistling away whilst destroying some mug in his poor mans 911 (Boxter ). If you've not tried it, make sure you engage launch control next time you get that sidewards glance at the traffic lights!
  13. Mods, please can you give this a bit of time in the bear pit to flavour a bit of debate and to hopefully give me some help! Them please drop to the appropriate forum afterwards - greatly appreciated. My situation: - Trying to sell my place with my Agent A to my buyer, who is causing problems and dragging things out. - Trying to buy from my vendor via Agent B who is fine, absolutely no problem at all. - My vendor is trying to buy his place via Agent C. Basically Agents A and C have fallen out so Agent C doesn't trust Agent A and my buyer is delaying things as her mortgage company lost
  14. I agree it's a risk, a huge one if you have a big mortgage which I will have. Plus I'm not in a position that I was in the past where both myself and my GF were in PAYE roles when I was on a tracker. She's running her own consultancy at the moment making good £ which is just factored in as a bonus and not needed for the mortgage / living expenses. If a sprog is factored in and she suddenly can't work and we needed the money (and were on a tracker with rates rising fast) then we'd be in do do. The £500 extra was to illustrate the difference between the rate I booked and another poster who see
  15. Ask to see the NICEIC Condition Report which would have been produced if the work had been done, and by an NICEIC registered electrician.
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