rightmove new listings

[Saving For a Space Ship]

9 hours ago, Paul77 said:

https://www.mortgagesolutions.co.uk/news/2020/05/12/fca-considers-12-month-mortgage-payment-holiday-reports/

Payment holiday will be rolled over until the economy picks up which means indefinitely. Thank God the gov has the printing press...!

Shouldn't renters be threating a class action legal case for discrimination ? 

[dirtysteve]

2 hours ago, Saving For a Space Ship said:

Shouldn't renters be threating a class action legal case for discrimination ? 

On what basis? The homeowners still owe that money! For now anyway ?

[dirtysteve]

12 hours ago, Paul77 said:

https://www.mortgagesolutions.co.uk/news/2020/05/12/fca-considers-12-month-mortgage-payment-holiday-reports/

Payment holiday will be rolled over until the economy picks up which means indefinitely. Thank God the gov has the printing press...!

That really is shit! That just delays the inevitable and could be a total game changer. How long can you let someone own a home they just can’t afford!? Their debt and potential loss will only get bigger and banks liquidity will be screwed unless QE goes through the roof. Guess that’s the plan. Inflate away these poor buggers debt until it’s so small they can pay it on their new McSalary. Meanwhile savers lose everything. Again.

[Saving For a Space Ship]

10 hours ago, dirtysteve said:

On what basis? The homeowners still owe that money! For now anyway ?

Perhaps you misunderstood my point, I was not suggesting a freebee. The renters would owe the money at the end of the 'Payment holiday' period the same as mortgaged people, and have to pay it back. perhaps on the same schedule ?    

Edited May 17, 2020 by Saving For a Space Ship

[Roman Roady]

On 16/05/2020 at 10:17, Paul77 said:

https://www.mortgagesolutions.co.uk/news/2020/05/12/fca-considers-12-month-mortgage-payment-holiday-reports/

Payment holiday will be rolled over until the economy picks up which means indefinitely. Thank God the gov has the printing press...!

So its not just the Socialists who run out of other peoples money.

Popcorn time.

[MarkD]

One had come on close to us. They couldn't sell it last year, I reckon they can now see what lays ahead and will try and offload before it's too late. Open to offers perhaps???

[regprentice]

On 16/05/2020 at 10:18, btd1981 said:

Top be fair some Pimlico plumbers are making an absolute mint. Seriously,  plumbing was sold as a job you dropped out of school into when I was a kid. 

To be fair that simply requires a brass neck to ask for stupid sums of money most people don't have. Also quoting in half day increments when they actually only turn up for 20-30 minutes at a time.

I had some nuts quotes for a small bathroom, £13k from one company, in the end I got it done for £4.5k by a well recommended local company, the downside was I had to wait 9 months. I couldn't do a job that was so diametrically opposed to my own values. If I were a plumber I'd be a £4.5k plumber not a £13k plumber 

Like dentists were a few years ago when no one could get on an NHS list - there will be a shortage of plumbers, then suddenly a glut of them 5 years later. 

[longgone]

5 minutes ago, regprentice said:

 

I had some nuts quotes for a small bathroom, £13k from one company, in the end I got it done for £4.5k by a well recommended local company, the downside was I had to wait 9 months. I couldn't do a job that was so diametrically opposed to my own values. If I were a plumber I'd be a £4.5k plumber not a £13k plumber 

 

just do it yourself over a number of weekends it`s really not that hard, i self train myself to do loads of things. 

[regprentice]

3 minutes ago, longgone said:

just do it yourself over a number of weekends it`s really not that hard, i self train myself to do loads of things. 

Ive young kids, I don't like leaving pipes/wires etc hanging about at the best of times, but holes in walls, loose wires etc absolutely stress me out. 

I'd stripped the walls for a plasterer to come in at Easter, which was cancelled, and now im living with bare walls for 6 months. Of all the things that are happening the bare cell like walls are the one thing thats really getting to my mental health. 

[longgone]

21 minutes ago, regprentice said:

Ive young kids, I don't like leaving pipes/wires etc hanging about at the best of times, but holes in walls, loose wires etc absolutely stress me out. 

I'd stripped the walls for a plasterer to come in at Easter, which was cancelled, and now im living with bare walls for 6 months. Of all the things that are happening the bare cell like walls are the one thing thats really getting to my mental health. 

Well those things can be made safe can always lock doors.

Even if you had a plasterer the cost of plaster is 6x as much as there is no stock.

4quid bags are now 25. It's going to cost you a fortune if you are down to bare brick skimmed only probably 3x the price.

Not the best timing.

[regprentice]

2 minutes ago, longgone said:

Well those things can be made safe can always lock doors.

Even if you had a plasterer the cost of plaster is 6x as much as there is no stock.

4quid bags are now 25. It's going to cost you a fortune if you are down to bare brick skimmed only probably 3x the price.

Not the best timing.

Fortunately its just a skim.

Story of my life. 

Ive done quite a lot with wood recently. Sanded and varnished a bannister, some skirts, sanded a living room floor. I get on with wood and painting but pipes, wires, tiling and brickwork never come right for me. 

[spyguy]

On 13/05/2020 at 11:53, Ghostly said:

I would expect them over the next week or so since EAs are only reopening this week.

Way too early.

Theyll occur in Q4.

No ones doing anything at the mo.

[longgone]

11 hours ago, regprentice said:

Fortunately its just a skim.

Story of my life. 

Ive done quite a lot with wood recently. Sanded and varnished a bannister, some skirts, sanded a living room floor. I get on with wood and painting but pipes, wires, tiling and brickwork never come right for me. 

Lucky then skim does not use much but still going to bare more cost sadly. Maybe best to wait till british gypsum start producing again.

I hate painting and more importantly the hours of prep work required for a good finish, best just to pull it all off and paint new wood it wont go yellow again either without old paint underneath. 

[17clarence]

On 16/05/2020 at 10:11, 17clarence said:

My viewing areas (Lake District (not for me, the mrs dreams though), Lytham and Arnside) have had some kiteflying action taking place this week.

It looks like some people know what is coming and are trying to bale out at peak, peak, peak prices.

https://www.rightmove.co.uk/property-for-sale/property-79440217.html

@200k more than the next most expensive sale in the street, good luck with that! Classic too big for the plot.

https://www.rightmove.co.uk/property-for-sale/property-70467840.html

2 bed? No storage. Need to be a mountain goat to get to that terrace. Last sold 2017, now on for 50k more

28/07/2017

£350,000

10 Lingmoor View, Chapel Stile, Ambleside, LA22 9JP

Fair play though, fire on, flowers in the vase, pomagne on the patio, open book by the wistful window.

Aaaaand here it is https://www.heartofthelakes.co.uk/property/langdale-valleys/annandale/2050

 

Second one went SSTC, @400

First one still holding on for a hero though.

[17clarence]

I found a flipper. Well to be fair, looks like a decent renovation then flip.

Bought for £220k in December 2018, now on for £400k since Feb

https://www.rightmove.co.uk/property-for-sale/property-68534541.html

[user not found]

I've been tracking volumes in my search area (rectangle approx 3 x 5 miles). In mid June there were 500 listings, 50% SSTC. Now there are 700 listings, 70% SSTC.

New listings (and reductions) have been been about 40 a week, but last week that jumped to 60.

[sammersmith]

For the last month there's been plenty of new listings in my drawn area but pretty much every single one of them is a mid-2000 / 2010s new build which i have 0% interest in no matter what the price. It's worth saying my search area covers a vast region in E.England. 

All the decent places seem to have been scooped up in Rishi's stamp duty mania. I reckon anyone with a decent property and in the mind to sell would have listed it by now to capture some of this mania. My only hope now is if the sales of some of the good places fall through or I wait it out until after April and hope no further goodies are pulled from his red case. 

[Pmax2020]

If I punch in various towns and villages near me in Scotland, 20-35% of properties listed in the last 14 days have went “under offer” within that short timeframe. 

Say what you like about how this doesn’t constitute a confirmed sale, but in Scotland most sellers won’t agree a sale unless you are in a cash position and I rarely see houses come back on after being ‘sold’. A ball park estimate would be that not even 5% come back on after going “under offer”.

Property is booming in Scotland... regrettably.

[Rian1988]

2 hours ago, Pmax2020 said:

If I punch in various towns and villages near me in Scotland, 20-35% of properties listed in the last 14 days have went “under offer” within that short timeframe. 

Say what you like about how this doesn’t constitute a confirmed sale, but in Scotland most sellers won’t agree a sale unless you are in a cash position and I rarely see houses come back on after being ‘sold’. A ball park estimate would be that not even 5% come back on after going “under offer”.

Property is booming in Scotland... regrettably.

I’m watching quite a few properties on ESPC, and have had many back on the market after going under offer notifications. I suspect the lack of mortgage availability at higher LTVs is the problem. 

[toreveal]

17 hours ago, Rian1988 said:

I’m watching quite a few properties on ESPC, and have had many back on the market after going under offer notifications. I suspect the lack of mortgage availability at higher LTVs is the problem. 

Also the number of new properties coming onto the market each week is pretty high for this time of year.  I've noticed a slight increase in FP properties recently too.

It's taking time but I expect it's on its way.  The AirBNB sector has been heavily hit, and the rental market has been affected by fewer students coming to the city ... those factors are going to have an effect regardless of government props or talking up of the market.

[Orb]

2 hours ago, toreveal said:

Also the number of new properties coming onto the market each week is pretty high for this time of year.  I've noticed a slight increase in FP properties recently too.

It's taking time but I expect it's on its way.  The AirBNB sector has been heavily hit, and the rental market has been affected by fewer students coming to the city ... those factors are going to have an effect regardless of government props or talking up of the market.

I'm sure I'm overlooking the obvious, but what's an FP property?

[user not found]

1 hour ago, Orb said:

I'm sure I'm overlooking the obvious, but what's an FP property?

f*****g pricey?

[toreveal]

33 minutes ago, Sausage said:

f*****g pricey?

😆

Fixed Price.

In Scotland we have the sealed bids "Offers Over" system, where parties submit bids and the best is chosen.  Sometime properties are made available at "Fixed Price", and then the first person to offer that price gets the property - an increase in FP properties is generally a sign of better ahead for buyers ....

[sammersmith]

Just now, toreveal said:

😆

Fixed Price.

In Scotland we have the sealed bids "Offers Over" system, where parties submit bids and the best is chosen.  Sometime properties are made available at "Fixed Price", and then the first person to offer that price gets the property - an increase in FP properties is generally a sign of better ahead for buyers ....

Excuse my ignorance, but does that mean it is impossible to offer lower than the asking price in Scotland?

[toreveal]

11 minutes ago, sammersmith said:

Excuse my ignorance, but does that mean it is impossible to offer lower than the asking price in Scotland?

Nothing is impossible, but the rules for o/o biding is that the value listed is a Baseline the owner will not go below.  

The o/o value will always be set a bit lower than the valuation, and sometimes *well* lower, if the Agent is trying to lure in viewers.  It's not rare for properties to go 10%-15% over this o/o value when the market is hot.