Deleted User 298457
Deleted User 298457
A lot of them flat share in places like Tooting. Know lots of folks only paying 3-400 quid a month which makes it 'viable' in the short term.
The nervous wait to exchange....
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Soldato
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Tooting is a lot of miles further out than Whitechapel though. Whitechapel is walking distance or <20 min suicycle.
Also don't use your air quotes on my reality
3rd house sale has fell through, the property the seller was purchasing fell through so its went down the chain and now my seller has taken his off the market
Back to the long and stressful game.
Property market is bonkers all round.
Bleh. Saw a house I was pretty smitten over on the weekend. Bear in mind I'm a FTB, so the houses I'm viewing and my max offer is relatively modest (this particular house was offers over £190, I offered £203) - got the rejection call today. Apparently there were 15 others offers available to the sellers. It's just impossible. Unless I'm literally on every single estate agent website checking every single hour, I can barely even get myself in for a viewing, let alone a realistic chance at my offer considered. I've seen houses I try to get a viewing for literally hours after being listed, and it's already SOLD. Completely blind. I just do not understand it.
I know absolutely none of this is unique or new in the current climate, but just having a rant. Onwards and upwards.
I know absolutely none of this is unique or new in the current climate, but just having a rant. Onwards and upwards.
True, but some of us like it like that. It's rarely as bad as most people think... or you just develop a thick enough skin that those things pass you by.
I loved living there in my mid twenties through to my early thirties. You're close to all the action, great pubs and restaurants in walking distance. I'd really to work too, from Whitechapel/Stepney to Borough. Had great neighbours, etc.
It was only when we became parents in our mid-thirties that we realised there were better places to raise kids, and so swapped it for the most (boring) bucolic middle class existence by moving to the Hampton Court area. But I do miss the authenticity of E1.
In a similar situation (although looking at further down the market around the 130k range at a maximum) I spend a lot of my time refreshing Rightmove, zoopla, on the market along with multiple estate agent websites throughout the day. Lucky my job allows me to just keep everything open on another tab and refresh the pages throughout the work day. Since Jan 1st I've been to see 15 properties alone, didn't put an offer in on most of them but the ones I did I have been in a bidding war with people who have a very different idea of what a house is worth than I do.
Had 3 offers accepted since around September, all 3 of them failed to get very far before issues reared their ugly head or the seller pulled out. That along with every valuation done by the mortgage provider undervaluing the property a good chunk down from the purchase price causing issues of overpayment, deposit amounts and interest rates. It's a crazy world right now.
Its also very surprising how bad people can treat what is probably a regular persons must expensive purchase (a house). The state of some houses I've seen is shocking, don't understand how people can live in dirty, messy and cluttered houses with no maintenance to keep things up to scratch and somewhat "modern-ish". A two bed box house I went to see that isn't big enough to swing a cat went for 122k, all the carpets looked like someone got drunk and puked+****** all over the floor along with smashing the kitchen units for giggles and it still sold within 2 days for about 10k above asking.
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The market is bonkers. Completely.
Soldato
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In process ourselves. Got offer accepted on a small 2 bed flat in my area. FTB with a substantial deposit (~30%). However my savings are in prem bonds (full allocation) so mortgage compliance wants 3 months statement for said account. Won't accept screenshot and NS&I don't do a monthly statement PDF. Have written to NS&I by hand! as advised by their help on twitter to request this information. Even my credit union can do bespoke time PDF statements.
Anyone dealt with getting a statement for prem bond holdings to prove savings?
Anyone dealt with getting a statement for prem bond holdings to prove savings?
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Only 10k above asking? From what ive seen recently up north yer looking at anywhere from 10-20% above asking for most properties.
The one yer refefencing above sounds like its towards the cheaper/smaller end of whats available in the area and yes likely due some work.
When we bought the place were in now (10yr back) it looked like it hadnt been touched since the 50s when it was build. Wood "effect" kitchen, chicken tiles in the bathroom, back boiler, an oven older then me and pretty much every room needed gutting and redecorating. And thats before they decided to leave pretty much all the furniture. A property is only ever worth what someones willing to pay and in the current markets there seems to be a lot more buyer happy with the doer uppers.
After discussing with out estate agents they too have seen the banks down value over the last year or so. Combination of the increase in prices bit also some of the banks being a bit cautious over what theyll borrow.
Theyve seen the additional amounts (over the mortgageable amount) paid in cash and CC (however that works) when people really want a property so put in daft offers.
Rhe only way not ro be in a battle with other offering more and have a house you can move into and essentially do nothing would likely be a new build and thats what were looking to do. Ive always been well against newbuilds until i compared the quality across the devs and found one that im happy with.
Try looking at new build and/or widening your search area a bit mate, its suprising how a simple digit change in a postcode can impact the house prices
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Yeah most we'd seen have always been. % per year.
So on say a 5 yr fix it would be 5/4/3/2/1% dependong on how many years you had left.
Santander changed theirs a few year back to a flat 5% throughout, i managed to reduce length, resuced monthly payment and reduce apr so wasnt too fussed.
Weve only just recently decided to move to a bigger property within a short diatance of where we arw now.
Buyers are happy with a july/aug move and our mortgage fix ends 1 june so ended up well timed
Soldato
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too long ago. It's easier / cleaner to just show the prem bonds TBH
Well, deposit is now in the solicitors hands. Hopefully just a week away from exchange/completion... then it's time to try and sort out the builders/kitchen/lounge/garage conversion, get a structural engineer in for the wall we're knocking down etc etc etc....
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Score! sounding good
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That sickening day... All your hard earned savings dissappear in one fell swoop lol
Deapite knowing it was for pur house i was still quite sad to see it go haha
Really hoping we're approaching the end of the journey for selling our London flat (no chain, fortunately). We're approaching 14 weeks since accepting the offer.
This week had some annoying queries from the buyer's solicitor for which all the answers and information were definitely included in the £250 seller's pack we bought from the landlord.
We returned the answers anyway so hoping that'll be some of the final bits before an exchange date is set!
This week had some annoying queries from the buyer's solicitor for which all the answers and information were definitely included in the £250 seller's pack we bought from the landlord.
We returned the answers anyway so hoping that'll be some of the final bits before an exchange date is set!
We've still got a fair lump (at least by our standards), but that's going to swiftly run down as we knock a wall down, buy a new kitchen (spending fairly big here, something I'd rather get right first time), furniture, appliances etc. I'm still just hoping we've got enough left for solar+batteries.
Selling a leasehold flat is always a nightmare as so many questions need to be answered by other people such as co-freeholders, the freeholder themselves or management companies. MAkes the whole thing seriously protracted and expensive.