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Jetsetter

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About Jetsetter

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  1. See above response - forgot to quote
  2. Thanks both for the advice. I haven't viewed the property yet and can't comment on visuals/smell. Viewing would involve significant travel as I'm not based near Edinburgh. I'm inclined to inform the seller's solicitor that I'm unwilling to make an offer based on the current state. There is too much uncertainty/risk and as a new owner I don't want the hassle of managing the process of getting the repair work done and persuading co-owners to pay their share. From what I understand the potential repair work could involve ripping up floors and knocking down walls. My preference would be for the seller to take care of this. This may lead to a price increase which I'd be prepared for but removes a large element of risk.
  3. Jetsetter

    Edinbugh Latest

    The reason I asked was I thought it would be better to get the seller to pay for the investigation and assumed the investigator would be independent and properly qualified. There was an offer made and accepted but the deal fell through according to the seller's solicitor. The home report looks good apart from the two issues I shared and the property is in a prime location (5 mins walk to Waverley station). I'm surprised it hasn't been snapped up but I guess it's not exactly a sellers' market at the moment.
  4. Jetsetter

    Edinbugh Latest

    Thanks very much for the advice. Is asking the seller to arrange the investigation prior to my making an offer a viable option? The property has been listed since 1st October and there are no active offers which improves my bargaining position I would guess. It would be good to have the cost of any prospective repair work quantified so that I know what I'm dealing with before making an offer. The stamp duty threshold of £350k is very close and I was keen not to go above this and I wondered if the seller would increase the price if they have to pay for any repair work prior to selling. The survey shows a valuation of £370k based on current condition and so £345k might already be factoring in the cost of prospective repair work. It might be beneficial if I pay for the repair work post sale in order to minimise stamp duty?
  5. Hi all, I am a first time buyer looking to buy a property (top floor flat in period building) in Edinburgh and would appreciate some advice on a couple ratings/remarks in the home report. All items in the home report had a rating of 1 (no action needed) with the exception of two (copied below) which had a rating of 2 (future repairs likely). No items had a rating of 3 (urgent repairs). Dampness, rot and infestation: Random checks for damp were made wherever possible using an electronic damp meter. Evidence of high moisture was noted at lounge and this needs to be rectified and any surrounding timbers examined for dampness or rot. Internal walls - Evidence of water ingress noted at the lounge wall and repairs will be required. There is a risk of dry linings may conceal dampness or defects which would otherwise be identified. Is this anything to be concerned about and any advice on how to proceed? Should I ask the seller to obtain an estimate of the cost of repairs or are these types of remarks standard for a period property? Many thanks in advance.
  6. Jetsetter

    Edinbugh Latest

    Hi all, I am a first time buyer looking to buy a property (top floor flat in period building) in Edinburgh and would appreciate some advice on a couple ratings/remarks in the home report. All items in the home report had a rating of 1 (no action needed) with the exception of two which had a rating of 2 (future repairs likely). No items had a rating of 3 (urgent repairs). Dampness, rot and infestation: Random checks for damp were made wherever possible using an electronic damp meter. Evidence of high moisture was noted at lounge and this needs to be rectified and any surrounding timbers examined for dampness or rot. Internal walls - Evidence of water ingress noted at the lounge wall and repairs will be required. There is a risk of dry linings may conceal dampness or defects which would otherwise be identified. Is this anything to be concerned about and any advice on how to proceed? Many thanks in advance.
  7. Jetsetter

    Property In Dubai , Morroco +

    My intention is not to hype up Dubai - merely to provide some rationale behind my own investment which may be relevant to this thread. I purchased a large 2 bed apartment overlooking the widest section of the marina (upper side - nearest to the Palm) over a year ago and although I was aware of the risk of oversupply, I am hopeful of latching onto the long-term corporate let market. In addition to the tourism growth, many large organisations (i.e. major investment banks, IT firms etc) are setting up shop in Dubai and the Govt itself has some very agressive plans to boost it's population (i.e. treble) within the next 10 years. Again I realise the risk of oversupply but I am hopeful that I have one of the better apartments in the marina in terms of location and spectacular views which will appeal to the corporate let market.
  8. Love it. I'll have to remember and rent that DVD sometime.
  9. Mate, I don't dispute the fact that there is little difference in terms of the 'flying experience' between these airlines. It is just a comment based on my experience of regular flying with both low fare airlines and major carriers. Catara, I dont know enough about Abu Dhabi and RAK to comment. All I do know is that there is a gap in the market for a major hub (business & tourist) in the Middle East with Dubai, Abu Dhabi etc all battling for top spot.
  10. I don't feel the need to reply by hyping up my investment and I dont care if the islands sink - wont affect me.
  11. Comparing Saidia to Dubai is like comparing Blackpool to Singapore. With respect, most people who use Ryan Air (and other such airlines) are not the kind of people who look for expensive high class golfing resorts.
  12. Jetsetter

    Luton Apartments

    Hello all, Could anyone please advise if £145k for a new 2 bed apartment (standard size with balcony) 10 mins walk from Luton train station sounds like a fair price? Many Thanks
  13. Jetsetter

    Moroccan Property Hype

    Picnic, a word of advice....I don't think the way you write posts does you any favours. You do come across as a one sided gloom artist as opposed to someone putting across a balanced constructive view. You are welcome.
  14. Jetsetter

    Moroccan Property Hype

    I too have noticed that some of the Moroccan investors hype up Morocco while slating other areas such as Dubai. The hyping is simply a way of trying to convince themselves and others that they have done the right thing by choosing Morocco – this is human nature. People make a decision believing it to be the right one and try to remind themselves that they did the right thing. I have invested in Dubai but still respect others who opted for Morocco, which could well turn out to be great choice. What is interesting is the way some congratulate themselves on a great investment decision while showing disrespect to others – without really knowing how things will actually turn out.
  15. Jetsetter

    Tax Experts, Can You Help Me?

    Soup Dragon, you guess correct. The interest payments (along with other non-capital costs such as repairs, insurance etc) can only be offset against rental income which will in turn reduce your UK income tax liability. You can't also offset these payments against the Capital Gain I'm afraid.
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