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Re: Buying a house

Posted: Tue Sep 13, 2011 1:00 pm
by 1cmanny1
OnlyShallow wrote:
1cmanny1 wrote:
OnlyShallow wrote:Got the keys for the house yesterday. Went around to have a look at it after work. Was transported back in time to a 1970's B&B. I think I'll have to start a DIY thread.

strawberry float me I feel middle aged.


Wait.. Didn't I ask if it needed work done, and you said "No"?


Errrr... I think what I actually said was

OnlyShallow wrote:It needs a new heating system, which we are having done before we move in. There are various other things needing done but they will get done over time.


Its at the top of the page. Not exactly hard to find.


I have an Uncle. He wasn't that good at DIY. However he was really keen. All it took was someone to suggest that the kitchen wall might look better if it wasn't there, and he would start bashing away with a hammer. :lol:
Make sure you know what you are doing.

I hate DIY, due to my mother and her partner building a house when I was young, I got dragged there everyday for like a year. Found DIY so boring after that. I used to want to be a builder as well :lol:

Re: Buying a house

Posted: Tue Sep 13, 2011 1:11 pm
by Rex Kramer
Holpil wrote:I'm also in the process of buying my first house, currently living with my girlfriend in a damp, poorly heated and overpriced one bedroom flat.

Has anyone ever had any experiences of what the yanks call low-ball offers? My Dad's helping out with it and he reckons I should be offering a good 30k+ less than the asking price. After speaking briefly with the sellers and what they paid for it, plus their poor financial situation, I don't think they'll be too pleased. :lol:

I think it all depends on just how much you want the property. If you go way too low, you run the risk of hacking of the owners and them deciding never to sell to you. But, its a buyers market at the moment and if you've got the funding in place and nothing to sell then you are definitely in the box seat. What's the property on at? 30k on a £250k house isn't unreasonable, 30k on £120k is.

Edit- the other thing to take into consideration is what they bought it for. If they've only been there a couple of years then they could already be facing a 10-15% drop on their original purchase price. Whereas if they've been there an age then they might have made quite a bit on it anyway.

Re: Buying a house

Posted: Tue Sep 13, 2011 1:14 pm
by OnlyShallow
1cmanny1 wrote:I have an Uncle. He wasn't that good at DIY. However he was really keen. All it took was someone to suggest that the kitchen wall might look better if it wasn't there, and he would start bashing away with a hammer. :lol:
Make sure you know what you are doing.


Thanks for the advice. I'll bear that in mind next time I am in the kitchen and my wife suggests I knock through a load bearing wall. Luckily though, neither myself or my wife are mentalists, so I doubt the occasion will arise.

I can see her asking me to put up some shelves though. And do a bit of painting. And I said I'd try and see how easy it is to remove the artexing. strawberry float.

Re: Buying a house

Posted: Tue Sep 13, 2011 1:21 pm
by Rex Kramer
OnlyShallow wrote:
1cmanny1 wrote:I have an Uncle. He wasn't that good at DIY. However he was really keen. All it took was someone to suggest that the kitchen wall might look better if it wasn't there, and he would start bashing away with a hammer. :lol:
Make sure you know what you are doing.


Thanks for the advice. I'll bear that in mind next time I am in the kitchen and my wife suggests I knock through a load bearing wall. Luckily though, neither myself or my wife are mentalists, so I doubt the occasion will arise.

I can see her asking me to put up some shelves though. And do a bit of painting. And I said I'd try and see how easy it is to remove the artexing. strawberry float.

You'd probably be better off taking the wall out than trying to get the artex off, once that strawberry floater is on then its a bastard to shift. True fact, Indy's fridge in Crystal Skull was actually lined with artex.

Re: Buying a house

Posted: Tue Sep 13, 2011 1:25 pm
by OnlyShallow
Rex Kramer wrote:
OnlyShallow wrote:
1cmanny1 wrote:I have an Uncle. He wasn't that good at DIY. However he was really keen. All it took was someone to suggest that the kitchen wall might look better if it wasn't there, and he would start bashing away with a hammer. :lol:
Make sure you know what you are doing.


Thanks for the advice. I'll bear that in mind next time I am in the kitchen and my wife suggests I knock through a load bearing wall. Luckily though, neither myself or my wife are mentalists, so I doubt the occasion will arise.

I can see her asking me to put up some shelves though. And do a bit of painting. And I said I'd try and see how easy it is to remove the artexing. strawberry float.

You'd probably be better off taking the wall out than trying to get the artex off, once that strawberry floater is on then its a bastard to shift. True fact, Indy's fridge in Crystal Skull was actually lined with artex.

I know. Hence the strawberry float :lol:

I might end up just sanding that gooseberry fool off.

Re: Buying a house

Posted: Tue Sep 13, 2011 2:24 pm
by Rex Kramer
OnlyShallow wrote:
Rex Kramer wrote:
OnlyShallow wrote:
1cmanny1 wrote:I have an Uncle. He wasn't that good at DIY. However he was really keen. All it took was someone to suggest that the kitchen wall might look better if it wasn't there, and he would start bashing away with a hammer. :lol:
Make sure you know what you are doing.


Thanks for the advice. I'll bear that in mind next time I am in the kitchen and my wife suggests I knock through a load bearing wall. Luckily though, neither myself or my wife are mentalists, so I doubt the occasion will arise.

I can see her asking me to put up some shelves though. And do a bit of painting. And I said I'd try and see how easy it is to remove the artexing. strawberry float.

You'd probably be better off taking the wall out than trying to get the artex off, once that strawberry floater is on then its a bastard to shift. True fact, Indy's fridge in Crystal Skull was actually lined with artex.

I know. Hence the strawberry float :lol:

I might end up just sanding that gooseberry fool off.

I'm a lazy strawberry floater so if I could get away with it, then I'd just plasterboard the whole room over the top of it.

Re: Buying a house

Posted: Tue Sep 13, 2011 2:29 pm
by Igor
Doesn't artex contain asbestos? RIP onlyshallow :(

Re: Buying a house

Posted: Tue Sep 13, 2011 2:32 pm
by Rex Kramer
Igor wrote:Doesn't artex contain asbestos? RIP onlyshallow :(

Yup
Artex and health risks
Until the mid-1980s, the Artex coating was made with white asbestos to strengthen it. This means that only old artex manufactured by Artex Ltd will contain asbestos and most probably any Artex applied within the last 25 years will not contain any harmful material whatsoever. It is also worth noting that the texture is only harmful when in a powder form (i.e. being sanded) and poses no risk whatsoever while it is undisturbed on ceilings or walls and covered with emulsion paint.[2]

Removing even more modern non-asbestos coatings can expose the operator to hazardous dust particles. Older coatings, containing asbestos, pose a particularly serious hazard. Inhaling microscopic asbestos fibres can cause asbestosis, a fibrosing lung disease, and mesothelioma, a cancer of the lining (pleura) of the lung, so anyone removing the coating or working with a surface covered with it should wear effective dust-proof protective clothing and masks – and the area being worked on should be sealed off. Professional advice is advisable. Removal of Artex is covered by the UK’s Asbestos (Licensing) Regulations 2006, which make it illegal (if it contains asbestos) for a contractor not licensed by the country’s Health and Safety Commission to undertake most work on asbestos coatings.[3] However this has been recently reviewed. In the UK, once removed, Artex and any other substance containing asbestos must be disposed of as hazardous waste. If the coating is left alone and coated with paint and undamaged, it may be safe to leave the coating in place and managed 'in situ' by annual inspection.[4] Plastering over the coating may ensure it is safely encapsulated and the national website at artex.co.uk can help with this.[5]

Re: Buying a house

Posted: Tue Sep 13, 2011 2:56 pm
by OnlyShallow
strawberry float it. I'll get one of the kids to do it. They are always going on about Bob the Builder this, Bob the Builder that. Let's see what they have learned. They've got to be good for something.

Re: Buying a house

Posted: Thu Sep 15, 2011 2:53 pm
by Iron Nan
Pardon my ignorance in these things (I am in no way buying a house) but I saw this in the paper;

Image

I thought 100% mortgages were not possible any more? Also, anyone know what the catch would be?
The company is Ward and Partners There's no mention of this offer on their website weirdly.
http://www.wardandpartners.co.uk/mortga ... age-deals/

Re: Buying a house

Posted: Thu Sep 15, 2011 4:00 pm
by Poser
Iron Nan wrote:Pardon my ignorance in these things (I am in no way buying a house) but I saw this in the paper;

Image

I thought 100% mortgages were not possible any more? Also, anyone know what the catch would be?
The company is Ward and Partners There's no mention of this offer on their website weirdly.
http://www.wardandpartners.co.uk/mortga ... age-deals/



Not sure how that one would work. I thought it might be an equity share, but that wouldn't be a 100% mortgage. The 'catch' is likely to be uncannily high interest rates and possibly very long terms on the mortgage.

I bought a house in June, with 15% retained by the housebuilder. It's a good deal - I can buy them out at any time. If the house goes up in value, for the first five years I wouldn't pay off any more than the 15% as of the date of purchase. If the house goes down in value, I pay the lower figure. After five years, I pay the 15% of market value.

It's pretty sweet and means I can't really lose out (well, not to the builder, anyway.)

Re: Buying a house

Posted: Sun Sep 18, 2011 2:13 pm
by Hexx
I'm looking at buying a house atm - although I do wish I were buying with a partner!

Still £150k looking for a 2 bedroom place - there's plenty of nice (ish) ones around.

Got a mortgage AIP, just need to find the right place now.

Re: Buying a house

Posted: Sun Sep 18, 2011 10:20 pm
by Andrew Mills
Rex Kramer wrote:
Holpil wrote:I'm also in the process of buying my first house, currently living with my girlfriend in a damp, poorly heated and overpriced one bedroom flat.

Has anyone ever had any experiences of what the yanks call low-ball offers? My Dad's helping out with it and he reckons I should be offering a good 30k+ less than the asking price. After speaking briefly with the sellers and what they paid for it, plus their poor financial situation, I don't think they'll be too pleased. :lol:

I think it all depends on just how much you want the property. If you go way too low, you run the risk of hacking of the owners and them deciding never to sell to you. But, its a buyers market at the moment and if you've got the funding in place and nothing to sell then you are definitely in the box seat. What's the property on at? 30k on a £250k house isn't unreasonable, 30k on £120k is.

Edit- the other thing to take into consideration is what they bought it for. If they've only been there a couple of years then they could already be facing a 10-15% drop on their original purchase price. Whereas if they've been there an age then they might have made quite a bit on it anyway.

We had someone not in a chain low-ball us by £20k off our asking price (even though we already chopped £10k off to begin with)! :x I can't be too angry at him, he isn't in a chain after all and it's a buyers market, but we eventually managed to get him up by £7.5k, making it less painful. The strawberry floating admin is dragging its heels BIG time though, 6 weeks in already and his mortgage hasn't even been fully approved because of some cock-head losing payslips and P60's on his end :evil: :evil:

Fingers crossed the strawberry floating thing is sold before the end of October. We're still paying the mortgage, bills and insurance on it and we can't afford to get somewhere to live until his money is in our bank account (I'm living at the in-laws which is a 3-hour round trip from work :fp: ). I need my own place again, and FAST! :cry: :cry:

Re: Buying a house

Posted: Wed Sep 28, 2011 3:26 pm
by Hexx
Offer accepted.

I just spent 1XX,000K on something that can burn down :fp:

Re: Buying a house

Posted: Wed Sep 28, 2011 3:31 pm
by Peter Crisp
At least then you could solve the eternal question of what 3 things you would save if it did burn down. Most people go a lifetime without finding out.

Re: Buying a house

Posted: Wed Sep 28, 2011 3:36 pm
by Hexx
You're going to set fire to my house, aren't you :(

Re: Buying a house

Posted: Wed Sep 28, 2011 3:36 pm
by BID0
Hexx wrote:Offer accepted.

I just spent 1XX,000K on something that can burn down :fp:

I wouldn't worry. You always have the land still.

Re: Buying a house

Posted: Wed Sep 28, 2011 3:41 pm
by Octoroc
BID0 wrote:
Hexx wrote:Offer accepted.

I just spent 1XX,000K on something that can burn down :fp:

I wouldn't worry. You always have the land still.


I think you'll find that the land belongs to the Queen.

-that's Elizabeth II, not Hexx.

Re: Buying a house

Posted: Wed Sep 28, 2011 3:42 pm
by Errkal
Hexx wrote:Offer accepted.

I just spent 1XX,000K on something that can burn down :fp:


and thats why you get Buildings and Contents insurance

Re: Buying a house

Posted: Wed Sep 28, 2011 6:15 pm
by gaminglegend
Octoroc wrote:
BID0 wrote:
Hexx wrote:Offer accepted.

I just spent 1XX,000K on something that can burn down :fp:

I wouldn't worry. You always have the land still.


I think you'll find that the land belongs to the Queen.

-that's Elizabeth II, not Hexx.


:lol: :lol: