Buying a house (and renting)

Fed up talking videogames? Why?
User avatar
Lotus
Member
Joined in 2008

PostRe: Buying a house
by Lotus » Tue Aug 02, 2011 7:52 pm

Something Fishy wrote:Horrible, it's a nightmare getting a place and then you have to pay for it.

Glad to have it all behind me. I have no idea how my son is ever going to afford a place of his own. I suspect he might be waiting for us to croak unless he gets a really good career.

Are you in Cornwall, Fishy?

I'm sure you know better than I do, but from what I can tell, properties there range from surprisingly cheap to obscenely expensive. What's a typical price in your area?

Something Fishy

PostRe: Buying a house
by Something Fishy » Tue Aug 02, 2011 7:55 pm

OnlyShallow wrote:
Errkal wrote:tis down in Hastings (East Sussex)

Just had a look, you get a lot for your money down your way.


it's wierd. down here is on the coast and you gets gooseberry fool loads of wealthy southernern baby boomers buying up most of the property around the coast and making it impossibly expensive.

Kind of surprised that hasn't happened around there.

User avatar
Errkal
Member
Joined in 2011
Location: Hastings
Contact:

PostRe: Buying a house
by Errkal » Tue Aug 02, 2011 7:57 pm

yeah depends on transport links....

Hastings doesn't have good road or rails links so is just buggered

Something Fishy

PostRe: Buying a house
by Something Fishy » Tue Aug 02, 2011 8:00 pm

Lotus wrote:
Something Fishy wrote:Horrible, it's a nightmare getting a place and then you have to pay for it.

Glad to have it all behind me. I have no idea how my son is ever going to afford a place of his own. I suspect he might be waiting for us to croak unless he gets a really good career.

Are you in Cornwall, Fishy?

I'm sure you know better than I do, but from what I can tell, properties there range from surprisingly cheap to obscenely expensive. What's a typical price in your area?


yes indeed mate.

Yeah it's generally very expensive down here.

The only places even remotely affordable are the inland towns around the former mining areas (we live in a little rural village near the camborne redruth area called lanner). That's where the locals are all living now, many coastal towns are ghost towns in the winter. Even here though it'll cost you 170k for a two bed bungalow. We live in one, good footprint with 3 gardens and it's gone up 120 since we bought it. Never right.

My son is likely to need to move on up the line as i orgiinally did, unless he goes into catering and works for Rik Stein (my niece works for him so we have a nice little family contact) but he seems very keen on the doing some sort of food science degree at the mo rather than being a chef.

Last edited by Something Fishy on Tue Aug 02, 2011 8:07 pm, edited 1 time in total.
User avatar
DrPepperMan
Member
Joined in 2008

PostRe: Buying a house
by DrPepperMan » Tue Aug 02, 2011 8:01 pm

Looking at house/flat prices in London is just :fp:

Image
Something Fishy

PostRe: Buying a house
by Something Fishy » Tue Aug 02, 2011 8:01 pm

Errkal wrote:yeah depends on transport links....

Hastings doesn't have good road or rails links so is just buggered


ah right.

ours have got better but when you see the cark park the a30 has been this week with the population trippled with tourists? not that good.

glad i live and work inland at this time of year (though nowhere is that inland here).

Something Fishy

PostRe: Buying a house
by Something Fishy » Tue Aug 02, 2011 8:03 pm

DrPepperMan wrote:Looking at house/flat prices in London is just :fp:


yeah for sure. i could sell my house and buy a gate up there.

User avatar
DrPepperMan
Member
Joined in 2008

PostRe: Buying a house
by DrPepperMan » Tue Aug 02, 2011 8:08 pm

Something Fishy wrote:
DrPepperMan wrote:Looking at house/flat prices in London is just :fp:


yeah for sure. i could sell my house and buy a gate up there.


I think the best way forward is just to get married to a rich bird. Problem solved!

Image
Something Fishy

PostRe: Buying a house
by Something Fishy » Tue Aug 02, 2011 8:10 pm

DrPepperMan wrote:
Something Fishy wrote:
DrPepperMan wrote:Looking at house/flat prices in London is just :fp:


yeah for sure. i could sell my house and buy a gate up there.


I think the best way forward is just to get married to a rich bird. Problem solved!



well, it's all relative and ny wife isn't rich but I did marry a woman who already had a house :shifty:

there's no way i'd be a home owner by now had i not (although i did pay 16 years of it in my defence).

User avatar
captain red dog
Member
Joined in 2008
Location: Bristol, UK

PostRe: Buying a house
by captain red dog » Tue Aug 02, 2011 8:15 pm

Stu wrote:It's not that bad if you expect something to go wrong.

Expecting something to go wrong will allow you to work out the next step before it happens.

The key is preparation and knowing the next move before your opponent.

Yup I agree with that.

All through I kept expecting it to fall through, which made it all the more exciting when we finally moved in. I couldn't believe how you can spend so much money on the building and then solicitors and still only have a vague date of when you will move in at the end of it all. I still wasn't 100% sure I was going to be moving in on the morning of the move.

I also found it massively stressful at the time as sorting a mortgage alone is a nightmare, and the couple we bought the house off were in a strained relationship which meant it felt like we were forcing them out. They also planned to move abroad and wanted to know if we wanted their dog as they couldn't take it with them. Made me feel mega sad thinking of that poor little dog with out its owners, all alone.... :cry:

User avatar
DrPepperMan
Member
Joined in 2008

PostRe: Buying a house
by DrPepperMan » Tue Aug 02, 2011 8:30 pm

captain red dog wrote:
Stu wrote:It's not that bad if you expect something to go wrong.

Expecting something to go wrong will allow you to work out the next step before it happens.

The key is preparation and knowing the next move before your opponent.

Yup I agree with that.

All through I kept expecting it to fall through, which made it all the more exciting when we finally moved in. I couldn't believe how you can spend so much money on the building and then solicitors and still only have a vague date of when you will move in at the end of it all. I still wasn't 100% sure I was going to be moving in on the morning of the move.

I also found it massively stressful at the time as sorting a mortgage alone is a nightmare, and the couple we bought the house off were in a strained relationship which meant it felt like we were forcing them out. They also planned to move abroad and wanted to know if we wanted their dog as they couldn't take it with them. Made me feel mega sad thinking of that poor little dog with out its owners, all alone.... :cry:


Image

Image
User avatar
Bene Version 3
Member
Joined in 2009
Location: On the login page trying to get in.

PostRe: Buying a house
by Bene Version 3 » Tue Aug 02, 2011 8:35 pm

I live in a 3 bedroom house in one of the worst areas of London. It's still worth about 350k.

User avatar
Soulfinger
Member
Joined in 2008
Location: on a dancefloor getting my groove on.

PostRe: Buying a house
by Soulfinger » Tue Aug 02, 2011 8:39 pm

I was lucky when I bought my flat. I was a first time buyer (so no chain) and bought it off a guy who was using it as an investment (buy to rent) and he needed a quick sale as I think he was in some financial difficulties. That was about back in 2007 and I'm looking to buy a house next year so not looking forward to all the hassle that comes with being in a chain etc.

User avatar
EnragedYogi
Member
Joined in 2008

PostRe: Buying a house
by EnragedYogi » Tue Aug 02, 2011 10:22 pm

suzzopher wrote:
Eighthours wrote:
suzzopher wrote:Getting a mortgage now is fecking impossible for first time buyers too. My brother in law and his girlfriend earn a fair old whack between them and with no deposit they were offered £80K for a mortgage :lol: Round here £80K could buy you a bike shed.

They've had to borrow £65K to get a mortgage for £210K(so £145K the mortgage property was £210K). It's ridiculous.


To be fair, you should be saving up at least a 5% deposit before trying to buy a house in the first place. Granted, the system has become stupid with the sums that first time buyers now need to put down, but 100% mortgages were silly. Saving up a deposit shows a degree of ability to regulate your outgoings, which is important when it comes to paying a mortgage every month for the next 25/35 years.

Where are they living, anyway? Starting out at a £210k house sounds a bit crazy, unless they're in London or something. Ladders! Rungs!


Cambridge. You can't get anything bigger than 2 beds for less than £200k, it's crazy round these parts.


A while back I saw a newspaper ad in London mentioning Cambridge as an ideal commuter town for London. Anything within about an hours direct train ride to London is now commuter belt! Where I work we have guys coming in from Nottingham, Gatwick etc to work in West London. 2 hours each way :shock:

Me and the wife are looking in North London for a place with a garden as we work near there and have dogs. Seeing the prices my hat has been sitting 3 feet above my head and spinning the entire time, just above my eyebrows!

User avatar
Cheeky Devlin
Member
Joined in 2008

PostRe: Buying a house
by Cheeky Devlin » Tue Aug 02, 2011 11:39 pm

Just had a look at the prices in my area as the gf and I are looking to move in soon. Probably gonna rent to begin while we build up a deposit, but the buying prices aren't too bad. Talking £130k-£150k for a nice looking 3 bedroom detached with garden. Not too bad at all.

I'm about 25 minutes from Glasgow by train so it's not bad at all really. Should make the first steps on the property ladder a bit easier. Just need to get a deposit sorted first though. By that point the prices will probably have rocketed again though... :fp:

User avatar
OnlyShallow
Member
Joined in 2008
Location: Milton Keynes

PostRe: Buying a house
by OnlyShallow » Wed Aug 03, 2011 12:13 am

Cheeky Devlin wrote:Just had a look at the prices in my area as the gf and I are looking to move in soon. Probably gonna rent to begin while we build up a deposit, but the buying prices aren't too bad. Talking £130k-£150k for a nice looking 3 bedroom detached with garden. Not too bad at all.

I'm about 25 minutes from Glasgow by train so it's not bad at all really. Should make the first steps on the property ladder a bit easier. Just need to get a deposit sorted first though. By that point the prices will probably have rocketed again though... :fp:

Whereabouts are you buying?

My first flat was a one bedroom in a tenement in Battlefield. £37,500. That was in 1994 though. :lol:

Image
Many Lives -> 49 MP wrote:People like you OnlyShallow are terrible banana splits. I hate you forever.
User avatar
Cheeky Devlin
Member
Joined in 2008

PostRe: Buying a house
by Cheeky Devlin » Wed Aug 03, 2011 12:22 am

OnlyShallow wrote:
Cheeky Devlin wrote:Just had a look at the prices in my area as the gf and I are looking to move in soon. Probably gonna rent to begin while we build up a deposit, but the buying prices aren't too bad. Talking £130k-£150k for a nice looking 3 bedroom detached with garden. Not too bad at all.

I'm about 25 minutes from Glasgow by train so it's not bad at all really. Should make the first steps on the property ladder a bit easier. Just need to get a deposit sorted first though. By that point the prices will probably have rocketed again though... :fp:

Whereabouts are you buying?

My first flat was a one bedroom in a tenement in Battlefield. £37,500. That was in 1994 though. :lol:


Hamilton. Not too bad. I work in Hamilton too, so I've got minimal transport costs. The town itself has all the stuff I need and it's well linked to Glasgow and the main motorways so it's pretty much ideal.
Hopefully both sets of parents will help us with a deposit so we can buy sooner rather than later. Renting is great as an interim situation, but sooner or later I think I'll grow tired of lining someone elses pocket instead of gaining my own property.

User avatar
Yoshimi
Member
Joined in 2008
Location: Near Edinburgh

PostRe: Buying a house
by Yoshimi » Wed Aug 03, 2011 12:47 am

I've just bought a bigger house. Move on the 26th.

We bought our friends house in the same street, they're moving to Italy but they've bought our house to rent out (ours is smaller, so easier to rent). 8-) Thought it would be a straight forward transaction (with no estate agent costs) but still costing £5k in stamp duty/solicitor fees to move though. :fp:

User avatar
OnlyShallow
Member
Joined in 2008
Location: Milton Keynes

PostRe: Buying a house
by OnlyShallow » Thu Aug 25, 2011 9:40 am

Update: Well we have a completion date of the 12th of September! :D

Unfortunately we had to move out of our rented accommodation yesterday :?

Which means we have had to put all of our stuff into storage and squeeze into my mother-in-law's :(

The landlords wouldn't budge on the leaving date and were absolute arseholes about how clean the house was when we left. "oh, there are cobwebs on that light fitting. Have you cleaned the inside of the windows?". I wouldn't mind but no one is moving in, they are getting plumbers in to rip out the old heating system and put in a new one.

In other words a load of trademen are going to be in the house for a week creating a strawberry float ton of dust and mess.

I think a cobweb on a light fitting is the least of their strawberry floating worries. :x

Image
Many Lives -> 49 MP wrote:People like you OnlyShallow are terrible banana splits. I hate you forever.
User avatar
Beans
Member
Joined in 2008
Contact:

PostRe: Buying a house
by Beans » Thu Aug 25, 2011 10:00 am

Congratulations OS


Return to “Stuff”

Who is online

Users browsing this forum: Carlos, Lime, Memento Mori, PuppetBoy, shy guy 64, Squinty, The Watching Artist and 350 guests