Quality, thanks Roy and yea its me and my wife who will move in and share.
Mortgage: How many properties did you look before..
- Thread starter jonneymendoza
- Start date
Man of Honour
Must have looked at about 40... the trick is to view no more than 3 in any one day, otherwise you forget which one is which... well, I did anyway 
Thats another question. am i allowed to bring my DSLR and take photos of the property i am viewing?
Think you'd be better off with a compact if just for portability but I used this:
http://www.youtube.com/watch?v=uG5ciOxsOlg - It's free! (with purchase of £400 phone...)
http://www.youtube.com/watch?v=uG5ciOxsOlg - It's free! (with purchase of £400 phone...)
House prices fell by 1.3% in 2011 (before inflation so in real terms lost more like 5% of their value). Perfectly likely to do similar this year, or more as unemployment is likely to rise and the economy is projected to perform worse this year than last. That would mean losing £3250. Also consider the lost interest on your savings £750 (£25k at 3%). There's a loss of £4k before you even think about the interest you're paying in the first year ~£9450 (4.2% on £225k) and any legal fees you end up paying.
Is buying now really worth it when waiting a year you could probably buy a similar property for less, your deposit would be larger and as a result your payments would be lower. Alternatively, you might be able to afford a 25 or 20 year loan instead of 30 years (which really is crazy in my opinion!) and save tens of thousands in interest and probably be able to afford to retire a few years earlier.
Is buying now really worth it when waiting a year you could probably buy a similar property for less, your deposit would be larger and as a result your payments would be lower. Alternatively, you might be able to afford a 25 or 20 year loan instead of 30 years (which really is crazy in my opinion!) and save tens of thousands in interest and probably be able to afford to retire a few years earlier.
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Possibly but how long to wait?2013? 2014? etc etc. Cant wait forever surely? when the recession began, people said it will be over in a few years, wher enow in 2012 and still the same.
Also, house prices dotn fall much around london. some increase! dont forget im buying in london, its a lot different outside london
Also, house prices dotn fall much around london. some increase! dont forget im buying in london, its a lot different outside london
Soldato
Depends on the area. Our area is doing nicely...
exactly my point. around london, prices have gone up slightly. they dont go down much in london!
Soldato
My area has seen above-inflation price rises each one of the last three years
Caporegime
We spent a weekend with the sat nav out pre-looking at houses and the areas around them. Most of them we discounted just for where they were situated. Then we looked at our 3 best houses and ended up buying the second one we looked at.
Quality. seems like if my dream house is the first i see or the 100th one i see i should grab it
Soldato
You know as soon as you walk in. If you have to spend too much time thinking or studying, it is not 'the one'.
It's funny... once you find 'the one', you'll realise that you will probably have spent more time looking at and considering cars!
First one i saw was 210k. Didn't like the decor kitchen, bathroom and walked on to see another 10 before coming back to the first because i liked the location. A chat to the estate agent said, it had been views many times but no offers. Did some maths with me dad (a builder) and decided to offer 192K which was accepted giving me 18K to redecorate, take walls down, replaster, new carpets flooring, kitchen and bathroom. Took 4 months but now 6 years on and i am still loving it
wow serious? got a link!
http://m.taylorwimpey.co.uk/ViewDev...ude=51.53903&location=Barking,+United+Kingdom
The area is probably a dump but a good long term investment.
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Soldato
3 bedrooms and a conservatory for 250k?! Is it in a city centre?! I'm looking at the same thing in Chesterfield and its £100k my parents house is 5 bedrooms, double garage and in an expensive area and it's only worth £400k
that aimed at me? Well its 270k but someone offered 250k for it already and it has a conservatory, 3 bedrooms and a attic.
its 30mins overground train joruney time from that area to London liverpool street.
Its a nice area. i am already living in this area with my dad at the moment. Lots of greenary around here. basically near epping forest
Soldato
I looked at probably about 100 on Rightmove. About 10 in person, before I found "the one". Once I found a development I really liked, I put a flyer together and posted it through 100 letter boxes to see if anyone wanted to sell. Two weeks later I got a call 
Not having an estate agent involved was sheer bliss.
I found Rightmove to be a very good tool for saving a lot of wasted journeys.
Not having an estate agent involved was sheer bliss.I found Rightmove to be a very good tool for saving a lot of wasted journeys.
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