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About Me

Found 5 results

  1. Not being dragged round countless depressing open days looking at tiny shoeboxes or dealing with EA's is quite appealing to me at the moment so we are considering making an offer to the landlord (towards autumn/winter). Apologies if this has been discussed elsewhere but would like to hear people's experiences or advice if anyone has experience of it. I have met with one couple who have made it sound relatively panless and less stressful for both parties. We like the flat, love the location and neighbours and our landlord has said that if we ever moved out he would sell up (lives abroad with family and never coming back to UK). He seems a fair bloke who never has a problem in getting things fixed promptly. We know that it needs alot of work (roof needs looking at, new kitchen, landscaping, new windows, carpets, rewire, rubbish boiler and new bathroom) and have started to collect quotes from tradesmen and 3 builders, we have also been viewing similar flats for the sale in the surrounding area, looking at past sold prices etc. So.... Has anyone on here ever done it? How did you approach the valuation? Best just to offer a low ball price bearing in mind the work needed to be done and go from there, or get valuations as part of mortgage application or independent surveys done first that include a valuation? Bit reluctant to get EA's involved as despite an explanation of our circumstances I cant help feeling they would offer higher valuations or pie in the sky prices that are not realistic knowing the amount of work required.
  2. I'm looking to buy some gold sovereign coins. Has anyone ever heard of or used Sovereign Investments...?! They are a UK based company. I have found a few reviews about them online but not many. Their prices look very good. Or if anyone knows of any other gold dealers that sell gold sovereigns at a similar or better price, that would be great. Thank you.
  3. Skipton Crash

    Last Bear Turning Bull?

    For a few years now (since 2005), I have fervently believed that UK housing is massively overvalued. I still feel that way, and I am pretty sure there will be a sharp correction in the future at some point. The longer it goes on, the worse it will end up being it seems... However, I am now 35. I am a single dad, although my son is now 11. We are privately renting, and admittedly have had a slightly better experience than most with this - so far, decent landlords apart from one exception. I feel as though the government will do whatever it takes to stop house prices sliding and will throw as much taxpayers' money into it as they feel is necessary to stop a correction. In the long run, it feels like they will bankrupt the country rather than let the markets provide the necessary medicine. I am reluctant to make any kind of financial investment in our house (redecoration etc) as at any time the landlord can have a change of heart and just kick us out with 2 months notice, through no fault of our own. It really does not feel like a home at all. I am running out of time to buy somewhere. Due to the new MMR rules, I will probably be unable to get a mortgage after I am 40. I realistically, have 4 and a bit years to buy... I am seriously considering buying a house next year even though I will struggle to afford it (although not impossible). I hate the current situation. :-/ Does anybody have any positives? Can anybody offer any hope?
  4. So - been a long term bear happy railing against overpriced housing. I have just bought. Feel like a bit of traitor to HPC, but the facts stacked up for me. Bought in Australia, and took a small mortgage which will be all paid off by next March (could do it now but do not want to liquidate some investments at this time). A near 1000 meter plot, with an established 4 bed family house in good nick. Very good area - buy the cheapest house in the best area was the guide. Under 400k English. Got more than 10% off asking price, after hard negotiation - had three properties in the running where all the agents knew we were serious about going for the one with the best discount - we didn't 'fall in love' with a house, just talked numbers. The agents talked the sellers down. Similar properties in the road have gone for >480k english in the past year. By the way, the banks were all trying to push debt on me. I was offered over $2,000,000 by two different banks. I only took 10% of that. The salespeople genuinely, genuinely could not understand it. The Australia people's reaction to the last budget really did it for me. First suggestion in 3 governments of turning off the magic money tree supply of benefits and freebies, and it was like someone had killed their puppies. I see Australia going the same way as the UK - voters not understanding or wanting economic reality, so more and more easy credit and gvt borrowing, plus non stop support for the housing market. Last time the housing market wobbled, Rudd opened the floodgates to the Chinese - I do not believe ANY gvt will let the market collapse now unless there is truely worldwide disaster. They will have studies the UK and HTB, QE, etc, are all on the table. Bastards. The other major push factor is my worry that if it all goes Lehman style whilst I had 400k sitting in banks around the world, I could see the value evaporating through either theft or inflation/taxes. I wanted some assets outside the main systems. So - the house is large enough for all the family, plus room in the garden for veggies and maybe a couple of chooks. If the world doesn't collapse in the short term, I can keep earning here in Hong Kong, and saving like a *******. If it does collapse, I will have a base with no debt and enough space of a bit of self sufficiency. Long term, it's close enough to a major Oz City (under 60 minute rail commute) and on a rail line that we can be up for employment in a range of industries. Finally, yes, I am going to rent it out until we return to Australia. I am becoming "BTL scum landlord". However, you won't hear of me not paying for repairs or skimping on stuff - having rented for years I have empathy. This is not a money making venture, buying is a defensive mechanism against the rigged game. Yield is expected to be about 3%, taking into account 15% voids and a 5% sinking fund. Another bear has turned. I'll still stay on HPC, for I do believe housing is the critical issues for my kids and grandkids... *sits back and waits for the abuse*
  5. Hi, We recently put an offer for £295k on a house on the market at £310k, the vendor then came back to us saying the roof needed work (tiles I think) and the guttering and fascia needed replacing and that they'd fix all the problems without going through a survey if we paid them £305k. Sounded a bit weird so we politely said no. Agent then got back to us and said they'd accept the original price of £295k but we would have to fix the roof etc ourselves. More or less putting us in the same boat, albeit we will definitely have a roof to fix (that could be less than 10k) where initially it was just hearsay. Not really sure what to do. I don't think the property is worth any more than £300k and don't want to have an offer accepted which, when a home survey has been done, reveals more work they aren't prepared to pay to get fixed or allow for a lower price. Is this normal in the house selling world where sellers aren't prepared to fix problems with the house? Thanks for any advise and help you can give me everyone.
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