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carmel20

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About carmel20

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  1. Miller countrywide are the ea who I have been dealing with who I note state on their website that they follow the estate agents code of conduct.... Connels estate agent are the ones who the girl at work have come from. I just called and cancelled the appointment for Saturday. If I want to put in an offer I will and if they try and tell me I can't then I will just have to take it further. It's right that if people don't start standing up to these practices then they will keep on getting away with it.
  2. just to add I went to the tpos website (thanks for the link) and downloaded the sales code of practice and section 6c is relevant to this. I've pasted the relevant part below Discrimination 6c) By law you must not discriminate, or threaten to discriminate, against a prospective buyer of the seller’s property because that person declines to accept that you will (directly or indirectly) provide services to them. Discrimination includes – but is not limited to – the following: -making it a condition that the person wanting to buy the property must use any other service by you or anyone else
  3. Thanks for the advice/replies. They booked me to see the mortgage adviser on Saturday and I have already told them that I will not be taking a mortgage with them. They said that's fine but that the mortgage adviser can help us with budgeting and working out moving costs (I mean WTF I am capable of managing that myself!!)... I actually told them I am a mortgage adviser myself (not strictly true but as I work for a mortgage company it's close!!) I told them it would be a big waste of time but they said it won't because 'you never know what she might come up with' and that I can't make an offer until she gives the go ahead that we're ready to go. So I will see her on Saturday to humour them. If she wants to tell me the rates she has available for me to decline then fine, but only because there is a chance that they might have a house I want to make an offer on. It just makes me so angry that they are using these tactics and basically blackmailing me. I am thinking on Saturday that I will ask the mortgage adviser and the agent directly why it is that SHE has to give us the go ahead to make an offer and why I have been told I have to use their mortgage services. A girl who works with me has just left an estate agent to work for my company and she told me that if buyers did not use their mortgage services they would keep the property on the market, she said lots of people complained as it opened them up to gazumping, but that they were allowed to do it so if someone came along with a equal or higher offer who would use their mortgage services no matter how far along it'd gone then they'd screw over the original buyer who wasn't using their mortgage services. She said that there is no regulation stating they should not do this.
  4. Everytime I call estate agents to arrange house viewings they are telling me I have to see their mortgage advisor. Even when they don't have any properties in my price range they still try and insist I see their mortgage advisor. I saw one house I liked that did not sell at auction which is still open for bids for another week but if no price agreed will go back on the open market, I told the EA I don't want to buy via the auction house as I'll be obliged to buy even if my mortgage falls through but will make an offer if it comes back on the market. The told me I had to see their mortgage advisor because I am NOT allowed to make an offer on a property until I've seen her!!!! I told them I have my mortgage agreement in principle and am confident it is the best I'll get as I work for a mortgage company and get a hefty discount with no fee, but they said I still need to see the mortgage adviser before they'll accept any offers from me. It's really angering and worrying me, I feel like I am not going to be able to get a property anywhere now because I don't want to use their mortgage services :-(
  5. carmel20

    Most overpriced Sh*thole

    hahahahaha Misspiggy that is the funniest thing i've ever seen!!!
  6. sorry just saw the link to your own thread regarding that property. It is a shame they can't give you a proper answer, estate agents can be extemely irritating at times. The one I mentioned with fox and sons, well that was a cottage in polbathic. I called as it stated it was still available. They told me that it had not sold at auction but then straight afterwards 3 potential buyers came out of the woodwork and there was a bit of a bidding war between the three via the estate agents until it sold to the highest bidder. Perhaps some people are put off from bidding at auction who are arranging mortgages and don't want to fork out on surveys prior to the auction and wait until after to make offers or people simply don't want to be in a contract and potentially get in a lot of trouble if they can't proceed with the sale. Just a thought... As I didn't attend the auction I don't know if the lots I am interested in didn't sell due to no bids or whether there was a higher reserve price than the guide price which wasn't met. Guess I;ll find out next week! I'll let you know how I get on.
  7. I phoned the agent this morning and was advised that they are very much still available and were happy to arrange me viewings again. They even offered for me to see the mortgage adviser if I liked either of them. Those two are with millers countrywide and I note the property you are interested is with fulfords...did they not give you a reason for 'fobbing you off'?? seems very odd I called after an auction property with fox and sons which didn't sell last week and they told me directly it had already sold post auction.
  8. carmel20

    First Time Buyers Account Of Current Goings On

    Hi there it is very interesting to hear of your experiences, some of which I can relate to as a first time buyer!! I live in south east cornwall and so prices are substantially lower here c90-95k one bed flat, 95-110k 2 bed flat, 2 bed houses 110k plus etc etc. Husband and I have a 10% deposit and our budget on houses is anything being marketed up to about 130k. I only took the plunge and started contacting estate agents two weeks ago. First call was Fox and Sons, I saw a cottage for 100k in a rural area which had not sold at auction and was available at that price. It needed updating but had excellent views and lots of land. On telephoning them they advised that the sale had been agreed after auction and so was no longer available(wish eas would update their websites quicker). They took some details from me to 'register' me. I could not believe how aggressive the agent was. He wanted two contact numbers and when I couldn't provide a second he started telling me I'd 'miss out' on properties if he couldn't get hold of me as they are 'selling like hot cakes at the moment!!' Then he starting discussing properties on the market for 150k, I reiterated that my budget was well below that. He then started TELLING me that there were ways around my budget, e.g through vendor gifted deposits and pay 75% now etc etc... I told him I was not interested in such schemes to which he said I had to see his mortgage adviser so he could tell me exactly what I could afford. I was furious, I know what I can afford and couldn't believe he was trying to tell me to see him. Then the next day through the post I got details of the houses over my price limit and a follow up call from him to ask what I thought, I said 'too expensive' and he said oh remember we discussed, we can find ways around that...oh and I've booked you in with our mortgage adviser on Saturday.... Needless to say I've kept away from fox and sons since, luckily the only property they had of interest was the cottage which had sold. I saw a couple of flats on rightmove which I was interested in, one through Maitlands and another through an idependent estate agent. I called them both for viewings. Maitlands arranged me a viewing and the independent one said they'd get back to me once they spoke to the vendor. Viewed the first flat with maitlands, we liked it but the service charge was hefty and we felt it was a little overpriced. They also tried to get us to see their mortgage adviser and he called me despite me saying our mortgage was already sorted. (I work for a bank and so get a discounted mortgage rate with no fee). Maitlands have called me every few days since to ask if we want to make an offer. I realised after three days that the independent estate agent hadn't got back to me so chased them up with a quick email from work, got a message (finally) the next day on my answerphone to say viewing had been arranged with date and time. No sorry for delay or is that time suitable...rubbish estate agent!! I called another estate agent-Bradleys about two houses-2 bed semi's, one had gone but the other was available so I arranged a viewing for next week. They were really nice, they told me about another house that was slightly above my budget which had just fell through. They told me that the seller had taken a 8k reduction on asking price and would do so again but I said it was still 3k over budget. They were honest and said the vendor wouldn't take a further 3k off which was refreshing as it saved me some wasted time. They even told me that the other house which was in budget for me would be open to negotiation on the asking price and that the vendor would 'take a hit' on the asking price. There were a couple of other properties I saw on rightmove with another ea but they were going to auction that day which was a shame as they looked quite good, just needed some redecoration. (Properties in my area which need modernising are not selling at the mo, the ones that need refurbishing are selling-mainly to builders, but the ones which just need a bit of internal tlc end up going to auction) To my delight neither sold at auction so I called to view them both, if I like either of them and get them at the opening auction price I will get an absolute bargain! The estate agent was really nice and helpful, she did encourage me to see their mortgage adviser for a second opinion just incase they could beat my bank staff deal but she wasn't pushy. So I have 3 properties to view on Monday and am keeping my fingers crossed. Will let you know how I get on. The difference in estate agents attitude is astounding. Fox and sons were cocky and aggressive, telling me the market is excellent with a shortage of houses which are flying off the shelves. Bradleys and Millers countrywide gave me the impression more that there aren't that many buyers on the market at the moment and seemed keen for my business.
  9. What good deals have you seen? The best I've seen are Natwest first time buyer exclusive 5 yrs fixed 5.99% No Fee Natwest first time buyer tracker 2 years 4.19% above base rate No fee HSBC homebuyer special 2 year discount 3.89% £1199 fee I'm not too keen on the tracker just in case base rate does increase too much in the next 2 years. The HSBC one is good but the fee puts me off and then in two years who knows what rates will be. I'm swaying towards the natwest 5 year fixed at the mo. Just wondering if anyone had found any better deals out there
  10. My friend had some money towards a deposit for his house but was 3k short, he got a personal loan for the 3k shortly before and told the bank it was for a car purchase. He went for a mortgage straight after and it went through with no problem. Getting a loan for a mortgage deposit is a big no no but many people are doing it, as long as you still meet the mortgage companies affordability criteria and they do not know that the loan was for the deposit then people do get away with it. Afterall people who go for mortgages do often have existing loans and overdrafts and it's not unrealistic that someone might have got a loan for a car or another item shortly before they buy a house. I'm not saying its right but people are doing it!
  11. thanks for the reply! So when I decide on the property I want do you think I should offer lower than the opening bid price?? In comparison to other houses in the area they are under priced but it is just that they need a bit of modernising and people in my area seem to be shying away from buying such properties at the moment. I would be happy to pay 90k on the cheaper one, I would probably even go up to 95k, so do you think rather than just offering 90k straight up I should go lower?? With the 115k one there is currently a tenant in there, do you think this has any implications for me at all? I don't like the thought of giving notice to a tenant who might be quite happy there!!
  12. carmel20

    Pent Up Supply

    I personally wouldn't be suprised if a lot more property comes on the market after Christmas. People are holding back from selling at the moment, I know lots of people who couldn't sell their property last year and have taken it off the market and not yet put it back on. I guess people are thinking, get Christmas out the way and then we'll go for it!! I live in south east cornwall and there is a a lack of properties on sale here, but then there hasn't been much demand either, well until recently. I keep an eye on the rightmove website and there were a lot of properties on there for sale for 6-9 months which have all of a sudden in the last month or two been sold. Properties seem to be selling all of a sudden recently. But buyers seem to be put off buying anything that needs even the tiniest bit of work! There are some real bargains about that just need a bit of redecoration and maybe a new bathroom and they are not even selling at auction. There has been a lot in the news about house price increases being purely through lack of supply, so once houses start coming back on the market it will interesting to see if the increases will continue...
  13. carmel20

    Valuation Less Than Asking Price.

    I work in a bank and I have seen this happening a lot. Customer comes in applies for mortgage and then valuation comes back lower and so the 90% LTV becomes 91 or 92% and so the bank won't proceed with the mortgage. In the majority of cases the vendor has reduced the sale price to what it has been valued at and then the mortgage proceeds. In my area this has generally meant taking an average of about 2k off the sale price. I haven't seen any instances yet where it has been valued much below sale agreed price.
  14. Hi there, I viewed 2 houses that were going up for auction, one with guide price at 90k+ and the other 115k+ I was interested in both of them but had other houses to view and so didn't attend the auction. I was a little gutted in the end as it turned out that they were the two houses I liked the best!! But today I checked and the houses did not sell. I have phoned the agent to arrange a second viewing with the intention of making an offer, there is nothing wrong with either of the properties apart from they need a little refreshment etc If I make an offer is it acceptable for me to offer the guide price? or should I go lower or slightly higher? The one at 90k is an absolute bargain, the one at 115k is a little nicer but I wouldn't say 25k nicer and that one is also a leasehold house which puts me off a little!! Any advice for you experienced house buyers out there would be gratefully appreciated!!
  15. hi thanks for the reply. To answer the question, yes I can get finance, I have the deposit and mortgage agreed in principle. I'm not that young (unfortunately!!) am 31, hubby 34! We've been priced out the market the last couple of years since we got married and have been raising a desposit. So estate agents should take us seriously-no need to take dad!! I was thinking of making an opening offer of 102k (15% below asking) and work up from there but 106k will be my max and I'll walk away if any higher as I could secure a property with no need of modernisation for not much more in my area.
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