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dipstick

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Everything posted by dipstick

  1. Let's try again: The HIPs back DID NOT contain an official survey. It did not contain any form of survey that a lender would recognise, it was purely an overview for the buyer with no come back if it was incorrect. Are you a little bit confused about what goes into the HIPs pack and what goes into a Home Report - because you certainly seem to be. What improvements do you suggest? Make it like the Scottish one that is 3x the price - which would restrict some people from entering the property market and thus keep supply restricted and maintain unaffordable prices? Would you like it to include the Home Condition report that the Scottish surveys include - the one that many lenders will not accept?
  2. Improved to what - 3 times the price? You haven't given details where you think the HIPs were good - or how, apart from the EPC they actually benefit the buyer. In fact you aren't actually coming out with any details at all, anecdotal or otherwise.
  3. Drop dead. You obviously haven't even got a clue what's been going off in your own country in the last 8 years. And I don't care if you do start to turn it into an 'I hate the English' rant. That's up to you. I live here, I can tell you who is buying what, if that isn't good enough and you want to keep your high priced Home Reports, that's also up to you. But it will end in tears for the Scottish. Apparently any mechanism I explain won't have any effect on you because you don't believe that English house prices affect Scottish house prices (presumably you think they didn't in Wales either)
  4. They aren't legally accountable because the surveys weren't even acceptable to get mortgages on. Who would they be legally accountable to? The buyer who didn't have to pay for it and had to get another survey done to get a mortgage? Nope. The seller, who just has to pay and then hand it out to somebody else? What are they going to sue for, the fact that they didn't pick up on problems - which would make their home worth less - I don't think so. What value were they exactly?
  5. Sorry, am I missing a trick here? The English haven't moved to Scotland. Which is cheaper, England or Scotland. Did you not know that there has been a huge influx of English to Scotland. Did you not know that in large parts of the Highlands and Islands the English now outnumber the Scottish? Or maybe I've got it wrong. Maybe I'm not here at all and the people from England who moved in a few doors up aren't really English and neither is the woman next door to them who moved in a month or so ago. In fact, maybe my next door neighbours on both sides didn't do it. Neither did the person next to them, or next to them, then Scotttish, then English, then English, then English, then Scottish, then English. Of course the blasted housing boom pushed up prices in Scotland. Sell a semi in Surrey buy a detached up here. And if you're lucky wipe out your mortgage in the bargain Keeping HRs won't maintain the Scottish prices for ever, but it will for a while, long enough for the English prices to drop (CGT going, HIPs going) and then the Scottish are going to be well and truly stuck.
  6. Okay, so I know the English ones are going, but somebody had to pay for that. Even worse, somebody might have purchased on the strength of it. Worst idea ever.
  7. "The Scottish Government are responsible for Home Reports as this is a devolved matter." A direct quote - not from me but the powers that be. ... and since the Scottish Government pass laws via the Scottish Legal system, then yes, I suppose I am saying they are connected.
  8. ... depends which day it is. (but I think you'll find that the Scottish Government was formed after the English one - at least this time round;-)) And another thing, when it comes to the disclaimer issue. I honestly haven't seen one so don't know what it says if anything at all, but I know the woman who had one done was ranting about it. Thing is, if the contract for preparation is between the seller and the surveyor and that document is intended to be given away to prospective purchasers, then there isn't a legally binding contract between the surveyor and the eventual buyer because they have neither instructed nor paid for, the document - is there?
  9. I actually used the term closed shop when I was speaking about this to somebody yesterday. I agree with you and don't think it benefits the Scots on the whole.
  10. ... and don't forget that in Scotland you could already 'buy into' a survey. That's to say, if somebody has a survey done on a property and doesn't purchase, you can approach the surveyor and buy that same survey off them for a reduced price. I think they're valid for six months. I would think that at the height of the boom many surveyors did very nicely out of that one - dozens of buyers chasing each property and each one wanting a survey. Something the English market should really consider because under normal conditions it works out to the benefit of both buyer and seller.
  11. What annoys me is that they brought it in at the same time as the HIPs,. as if they were both under the same legislative umbrella so to speak and now the HIPs is going they are cutting loose. I'm just sick to death of the rich getting richer on the back of this bluddy terrible boom!!!!!
  12. Just to reiterate; they didn't really contain a survey, that's why, in England you could get them so cheaply. If you wanted to rely on the contents of the HIPs to support any future problems then you may as well go find a wind to pee into. The Scottish one does contain a survey but that a) possibly has a disclaimer in it, and wasn't recognised by many lenders depending on who the surveyor was. The value - not much in my book.
  13. Like I said, Pyracantha, I can't use them because they don't have local knowledge. If you don't believe the housing market in Scotland is in competition with the English market then I don't know where you've been the last 8 years! It's been the housing boom in England that's pushed up prices here to the highest they've ever been. If England now deregulates but Scotland leaves theirs in place then it leaves the Scottish market at a big disadvantage because their prices won't fall. Trouble is, the Scots won't notice until it happens! To be honest I couldn't see the benefit of the HIPs - It didn't contain a survey to call as such and banks wouldn't recognise it for lending purposes, hence a 'proper' survey had to be done. Here in Scotland we have the mandatory Home Condition thingy, which is supposed to be a survey that is recognised by lenders. However they still won't take them into consideration for lending purposes unless they have been done by one of their listed surveyors. Even then, I spoke to somebody who had a Home Report done and she said that at the bottom it said the surveyor was not responsible for the contents! Don't know how true this is and I will ask her for a looksie when I see her, but what the heck is that all about - not worth the paper it's written on. And what about all the properties in Scotland that don't require a mortgage - a lot of them don't. Plenty of buyers have sold at English prices and bought here mortgage free. They end up with a survey prepared by one of the buyers choice rather than their own?
  14. I couldn't use them. Basically the Scottish law says that the surveyor 'must have local knowledge.' So in the more remote areas where there are only two or three surveyors there is no competition - hence, you get to pay over £700 for a 60k property instead of the £350 you would in Edinburgh. Good innit? Heaven only knows why some of the larger companies haven't sent their own people to these locations to get 'local knowledge' and corner the markets - they could knock £200 off and still be way ahead.
  15. Just in case anybody didn't know, although the Home Report was introduced at the same time as the HIPS in England and Wales, it's not going to disappear in Scotland. Seems to me like the Scottish Government are clearly happy to put their sellers and housing market at a disadvantage in times of forthcoming competitive need. Still, the surveyors will be fine. £750 a throw in my neck of the woods. 'Scuse my sarcasm, I'm a bit on the livid side.
  16. I was actually thinking of my sister, Frank! Edit: Does this mean my sister's called Frank? Okay, just in case; Actually, Frank, I was thinking of my sister!
  17. I do know what you're saying, and it is more likely to be damaging if you come into a lot of money quickly, but you still see the same trend in older individuals that win large amounts? But I've decided that the damage, for the older generation, is down to losing goals. You win a lot of money, pack the job in and lose direction - then spend a lot of the money trying to find something to fill the gap. Wasn't there a couple in their 60s who won about 13m and have given all of it away to either family or helping charities - said they had a great time, gave them lots of involvement and would do exactly the same thing again. Personally, if I had a large amount of money, I would be very, very, reluctant to leave it to a younger person for fear of causing more harm than good. But I still know a good few folk in their 40s and 50s that would get through it in no time!
  18. ... and not that I want to stray into pensions territory, but Munro, you seem to be saying that the people who paid money out of their wages, in good faith that a certain amount would be returned on retirement, are now gits for actually wanting/expecting that amount? It's their fault that the pension schemes are up the swanny. Is that right? They are also gits for gifting their paid-for properties to their children and it won't (in your case 2-300k) make a jot of difference to your life?
  19. One thing that does seem to keep cropping up is that posters parents are going to miss out the children regarding inheritance and leave it to grandchildren. So, even now, people who are dying in their 70s and 80s are leaving it to the younger first time buyer population? I don't know about money at a young age being a curse Porcia - as somebody said to me many years ago (in respect of two brothers) Give somebody 10k and they will invest it, give it to somebody else and they'll put it on a horse. (A situation that another poster mentioned!) What does interest me though is a general feeling through the threads that the money is of no importance? Is that playing down our good fortune (like the word or not it is good fortune) or a general attitude toward the value of money?
  20. In bold - no, it's never been mentioned - you made that bit up. The point I was making in reference to care homes is that it seems a lot of people seem to think their parents will end up in one and they will receive no inheritance. I don't think it looks as if you are bitter about paying for nursing care, not in the least. I do however think that people skirt the issue of inherting by saying their parents will probably end up needing it, hence the money will be used up. I, on the other hand, haven't had any relatives needing long term care - not of course that I'm saying it doesn't exist, it's a nightmare for those that need to use it for one reason or another, but it isn't as prevelant as many seem to think.
  21. ... and you think even using the word 'boomer' is not putting people into boxes? Do you actually know where the term derived and the age range it is supposed to cover? I think not. This thread was about the possible increase of people due to inherit property (if they hadn't already done so) and the possible effects on mind-set and the housing market. You've quite admirably tried to turn it around into a rant about pensions, and even though you will be inheriting (although we still haven't got a clue when because you're mother can be anything between 65 to 90) how hard done by you are. Go start your own thread.
  22. What do you intend to do with the house if you keep it? If it's sat empty then you will be paying council tax and still have to maintain it. Your siblings may want to consider renting and getting an income from it but that will still mean splitting any proceeds/hassle 3 ways. Will there be a long term market for rental in your area? Are you likely to get into rows with your siblings about it? Lots of things to consider before you make a move.
  23. Black frames for boys, pink frames for girls!!! As a child I prayed my eyesight wasn't going to fail!
  24. Somebody will be along with the exact figures but I think it's under 50k. Is it 35K Fact remains is, if it went under there wouldn't be enough in the government pot to pay everybody out - Santander is too big. I've seen the discussion on here before as to just how much is in the whole pot and its not really enough to support the deposits of one smaller institutions.
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