VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
|
quote:
Originally posted by deano87
http://www.rightmove.co.uk/property-for-sale/property-42879796.html?premiumA=true
Went to view this. Absolutely loved it. Needs a new kitchen (which is 6ft x 6ft but scope to open into dining room) and new bathroom. But perfectly livable initially.
Hoping to make an offer, just need to do a bit of homework. The loft conversion has no Building Regs but isn't sold as a 3rd bedroom so understand initially this will be fine.
As long as it's listed on the details as loft then the room upstairs will be fine on the survey.
It's when agents try to get away with calling them bedrooms/study/playroom etc and the buyer expects that you get issues.
Corsa 2.0 16v Vegas - Sold
|
deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
|
Listed as a loft room. The guy knows about Building Regs - and I knew the stairwell wouldn't comply through what I know through work. I'd say the staircase is 500mm - 750mm W. Plus it would have needed another "fire escape" on the other side of the roof.
Agent marketing it as "loft room". He has a single bed up there at the moment but it isn't made and has junk on it.
If our offer is accepted I might ask him to take the bed out before the survey 
|
N16K
Member
Registered: 4th Oct 04
Location: Belfast, NI Drives: Corsa D SRi, Tuned Cooper S, B
User status: Offline
|
Doubt any need to worry. Bargaining point?
|
VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
|
Nothing to worry about he could have the bed up there as "storage" - sounds fine to me. Saw a few dodgy loft rooms in my agency days lol. 
Corsa 2.0 16v Vegas - Sold
|
deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
|
quote:
Originally posted by N16K
Doubt any need to worry. Bargaining point?
Kitchen. Bathroom. Close proximity to A1 (noise).
As you can see from the driveway, there are 3 massive trees in it. These have to stay and be maintained as is. They have small growth but nothing major - they haven't got higher in 16 years so are sort of dead. Cannot be removed due to subsidence.
Anything to worry about?
|
pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
|
That's very nice 
|
Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
|
I like that a lot!
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
Mortgage company might run as soon as they hear trees and subsidence.
|
deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
|
quote:
Originally posted by John
Mortgage company might run as soon as they hear trees and subsidence.
Well, that is my interpretation of what the guy said but the property next door used to be a pub and has been converted into a large executive home. The trees are technically closer and they don't seem to have any concerns.
The guy did get a tree report when he moved in and it wasn't anything to worry about.
My financial advisor is looking into it for us as we speak, along with the building regs issue.
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
Be careful of advice on anything from a 'financial adviser'. The ones who do mortgages are normally little more than form fillers.
|
deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
|
quote:
Originally posted by John
Be careful of advice on anything from a 'financial adviser'. The ones who do mortgages are normally little more than form fillers.
Speaking to solicitors and surveyors in behalf of clients and was going to ask.
|
AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
|
I don't get why a financial advisor would look at anything to do with the house itself.
They're there to look at whether you can afford it, and where you can get the money from.
|
AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
|
Trees staying is common.
The second you rip out massive trees which haven't damaged a house you are likely to.....damage the house.
Fine if (a) nothing is changing and (b) you have insurance which includes subsidence cover.
|
deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
|
Thanks Andy.
FA was just going to look into it i.e. ask the question for us. His name is David Inskip and is fully independent but itis his brothers agency, Inskip and Davie, marketing it.
In all theirs best interests to find out what we have concerns about. Means we make an offer and everyone wins.
2nd viewing on Sunday and meeting for mortgage in principal on Monday.
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
Is he your financial adviser because they talked you around to speaking to him or because you found him yourself?
Have you checked to see if you can get a better deal on your own? Have you spoken to any other FAs?
|
deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
|
Because my sister uses him, dad uses him etc etc. He is whole of market. Plus if we are likely to go Help to Buy or 90% LTV then the market is pretty limited.
|
deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
|
2nd viewing today. Vendor has all but accepted an asking price offer.
Unfortunately our limit is £150k.
Search continues.
|
AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
|
This is why I wouldn't bother talking to an advisor about specific properties.
Find out what value you can borrow, look at houses until you find something with an offer accepted, get mortgage lined up.
I couldn't be bothered with all the meetings!
|
pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
|
Deano speak to nationwide. Amazing deals to be had
|
deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
|
quote:
Originally posted by pow
Deano speak to nationwide. Amazing deals to be had
What about 95% LTV?
The mortgage meeting not necessarily about this property. Is for a mortgage in principal which only lasts 3 months so worth dojng if we have a property in mind. If it lapses and we get another i.e. another credit score it can look bad.
Still tempted to go anyway to see what we can borrow and then will give us a better steer on what to view.
There area few locally that have been on the market a while.
|
pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
|
Can't remember if it's 90 or 95 they start at mate. You NEED to find out what you can borrow. Go have the sit down with them.
|
pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
|
95 if you have SaveToBuy, 90 if you don't
|
deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
|
quote:
Originally posted by pow
95 if you have SaveToBuy, 90 if you don't
Yeah, I checked this morning. Admittedly the rates aren't great compared to Help to Buy through Natwest or the Abbey. Especially as I'm tempted to fix for longer than 2 years to protect against interest rate rises.
Looking to arrange a viewing on this. If the market is going the way it is and we have to put in full asking price, there is no point looking at the £160k bracket.
http://www.rightmove.co.uk/property-for-sale/property-42945823.html?premiumA=true
Also want to view this as it has been on the market for ages - wonder if £10k is "in region of" - http://www.rightmove.co.uk/property-for-sale/property-28410075.html
|
deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
|
Keyword: Rectory Court
http://www.bedfordshire.police.uk/about_us/news/news_2013/prolific_burglar_jailed.aspx
|
pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
|
Deano you keep doing that and you'll never buy a house - you're such a worrier
If that 2nd one has been on the market for ages they'd be daft not to take £150k
|
