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HPC hopeful

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About HPC hopeful

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    HPC Newbie
  1. Absolutely don't budge - you'll find they'll come back to you in a month or two when no-one else puts in an offer. That's what happened to us anyway.
  2. I have to agree with this - on our recent mortgage application with santander every part of our income was checked both with payslips and by checking our bank statements for last 6 months to make sure said amounts actually went into the account.
  3. I know when we were selling our house we had to pay the brochure and marketing fees up front which amounted to over £300. That was our incentive to keep our house on the market in 2008 during which time we had only 1 viewer. We eventually sold in 2009 after reducing our price considerably. You're right, sellers need to wake up to the fact that they've no hope of getting the price they're trying to sell at. I think they know that themselves (probably due to the lack of viewers they'll be getting) but until the 'house up the street reduces theirs, why should I reduce mine' mindset goes away
  4. Just did some quick calculations - it seems the interest we would get on keeping 30k in savings would go a good bit towards the higher repayment for the extra on the mortgage so therefore the bank are practically paying it themselves and the best bit is we get to keep our savings. Sounds like a good plan to me! Thanks guys
  5. Thanks for the advice. I'm now thinking maybe it would be a better idea to do what doccyboy did and keep a lump sum in savings with a view to paying off early as we save. Going to see mortgage adviser on Monday so will have a better idea then.
  6. Hi, We've just agreed to buy a house so now looking at mortgages. We sold our last house and are renting in the meantime. We currently have 40% deposit for the house and were going to go for a 5 year fixed rate with this amount of deposit. However, this will leave us with no savings and therefore no 'cushion' to fall back on. I'm now pondering offset mortgages. Does anyone have any views on whether it would be better to hold aside say, £30k and offset it against a higher mortgage. Using the online calculators it seems we can reduce the amount of time/amount repaid by doing this, even th
  7. Binchy, I would agree with everyone else on this one - put it on at a reasonable price and you will get it sold. We sold ours last November after being on the market for a year and a half. As soon as we reduced it to a more realistic price, it was sale agreed within weeks. I have to admit I was bricking it at the time and worried that we were selling too cheaply. However, since then the same house would sell for at least 25k less if they're lucky (I know because a similar one is for sale at a lower price than what we agreed and it's simply not selling). In hindsight, we did absolutely th
  8. Building work being carried out in Northern Ireland is at its lowest level for 10 years, according to a survey. http://www.bbc.co.uk/news/uk-northern-ireland-11005164
  9. I think Reeds Rains sell them too - you will often see them advertised again in property news once they have an offer - for example, "we are currently in receipt of an offer of £xxxxxxx, anyone who wishes to make an offer should contact our offices by [date]." That's how you know it must be a repo as they don't do it with ordinary sales. They are usually much cheaper too.
  10. I've no idea what year these people think it is!! http://www.propertynews.com/brochure.php?p=MPE172037 http://lpsni.gov.uk/vListDCV/propertydetails.asp?di=09&dn=Castlereagh+Borough+Council&wi=0000000432&wn=Moneyreagh&si=0000010741&sn=Gransha+Road&display=109394&rn=61
  11. Try North Coast Property Management who may have some short term lets in the area
  12. There are still plenty of people I talk to who are stuck in 2007. We are currently renting while we wait to buy. When I say to people we are in no hurry as prices are still falling, they look at me with that 'yea right' kind of look and say, "Och, I don't know, I think prices are rising again". Also, where I live, the type of house we want to buy - 4 bed detached - are sitting on the market unsold as the sellers are refusing to believe they aren't worth the price they are asking.
  13. Hi, yes that's what I meant - we have some sites for sale in a green belt area just outside moneyreagh, was wondering if they are included in this relaxation of planning
  14. Hi, does this relaxation of planning in the countryside include green belt areas?
  15. We went through the same dilemma for years, sell or extend? We were in semi and ultimately wanted to move to a detached so in the end we decided to sell. Similar to you, our house was on the market for a year with only 2 viewers until we got more realistic and dropped the price - only then did the viewers start coming. People are put off even looking at a house until they think they can afford it. We started at 275k in March 2008 and ended up selling for 175k in Oct 2009. At the time I was terrified that we were selling our house too cheaply as the type of house we could buy was still out
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