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About pswnio

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  1. I've just moved. In both the area I've come from (urban regeneration hellhole) and the area I've moved to (Kent town), the local library is heaving. We use ours frequently, our toddler loves it. Furthermore, neither building would be remotely suitable for housing.
  2. This happened to me, and against all the odds the agent turned out to be telling the truth. The house we came across had been on the market for over a year, having been on for a year before that before going SSTC only for the deal to fall through. The estate agent was a proper wide boy, so when he told me that he had an offer of £282.5k against an asking price of £290k, and that if I was interested I had to move fast, I thought he was full of air. I called to arrange a second viewing three days later and it had gone SSTC. And two months later sale completed. So it can happen...
  3. I'm buying a house which is currently tenanted, but will only complete with vacant possession. Position is: - Tenant was served with notice on October 31st. Her notice period is 2 months. - Vendor and landlord offered a financial incentive to vacate earlier, and she agreed in writing to vacate no later than 14th December. - Tenant has now found an alternative property and has informed current landlord/vendor that she intends to move on 3rd December. The whole chain is signed up to completion on 5th December. My conveyancer has advised that we shouldn't exchange contracts until the tenant h
  4. I don't suppose for a second that all local authorities will support the idea of increasing all rents above target, least of all those in high value areas in London.
  5. The rents I referred to as "social" are "target" rents (and the calculation is based on property values in 1999, not 2001 ) There is a new regime now in place where the majority of rented stock built with public subsidy has to be let at an "affordable" rent; supposed to be 80% of market rent. Not only that, but the goverment wants properties currently let on social/target rent to be changed to "affordable" rent when they become void. The increase in revenue is supposed to replace capital subsidy as the investment required to build new stock.
  6. Certainly in London there's a massive difference between "social" and "affordable" rents, and there's a question mark as to whether you can define 80% of market rent as "affordable". Outside London, there's less of a differential, particularly when you take into account that the "affordable" rent has a service charge built in if applicable but "social" doesn't. Here the main difference is fixed-term vs lifetime tenancies. Less security for the tenant; then again, many argue that social rent shouldn't be for life...
  7. It's not so much "allowed" them to as demanded that they do. You can't build social rented homes without a degree of public subsidy, and the level of capital public subsidy available has been slashed, thereby necessitating revenue funding through increased rents. The move is partially ideological on the government's part, and it's choking any chance of significantly increased supply.
  8. I'm in a similar position. No value there at all where we're moving (Kent) but there are other things in life than value. We're borrowing just under 2x joint, and will have over 50% equity. Also looking to pay off in 10 years. Well, under if we can. We're porting existing Nationwide mortgage over at 2% above base, and taking out more borrowing at 2.79% above base on a 5 year tracker. I can't see interest rates moving for a good while, and the savings in the early years warrant the risk for me. Even if we didn't have existing mortgage to port, we'd still be looking at a 5 year/lifetime tracker.
  9. Congratulations. It's a lot of fun. My experience of the NHS was markedly different. The antenatal care in particular was of an astonishingly good standard. We've also had a rather unfortunate recent experience in which my wife needed treatment for cancer. Apart from the occasional wait when the consultant's clinic was running late, we wouldn't have changed a thing about the way she was treated. The service was absolutely fantastic. My personal experience of the NHS is less positive, and my GP is appalling, but I can change GP, and all things considered, it's fecking brilliant.
  10. This thread makes me feel profligate too. We don't drink much, except for single malt whisky and the occasional bottle of decent plonk, which comes out of my leisure budget rather than food. Annual shop including cleaning products, toothpaste and that, for 2 adults and a toddler, is £6.5-7k.
  11. SUMMARY - Looking at a property that's been on market for 18 months and not had many sniffs of interest - Vendors are out, property is vacant, and they want shot - Property needs refurbishment - Asking price reduced from £410k to £365k - Seeking guidance on offer level and evidencing why that offer is fair DETAIL Property is share of freehold flat that's part of an old, grand mansion house on the outskirts of London. It has its own entrance hall and is really more of a terraced house than a flat. Although it's a great place, it comes with disadvantages. It's set in close to 4 acres of e
  12. Turns out the estate agent wasn't entirely full of shit. Vendors accepted an offer of £430k, £30k above asking price. Off the market. Thought those days were long gone!
  13. It isn't. It's been on for about two weeks, sole agency.
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