General Discussion: The life advice thread. Never do, say, eat or drink anything without asking how to do it in here first!


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stoney
stoney avatar

17375 posts since 22/1/05

16 Aug 2018 05:36
EssexBoyII wrote: Are they for real lol are they a fucking chartered surveyor Laughing out loud tell em to do one. C3s are as it says urgently required maintenance and potentially dangerous with wiring etc. They’ll be more willing to negotiate when 2 or more buyers have pulled out and it’s sat for months.

The agent sounds like a joker as well. What kind of idiot doesn’t even get a basic RICS survey? Even when cash buying?

only 15% of buyers get a survey, its shocking. I do all types of Survey. Building Survey is the only one worth getting. Anything else (Homebuyers, homescore is just an extension of a basic bank valuation)
carlos
carlos avatar

940 posts since 20/1/08

posted 16 Aug 2018 07:25, edited 16 Aug 2018 07:25
Stoney, we’re selling and our first buyers had a survey, then pulled out. Bloke pulled it to pieces and said “he thought our extension didn’t meet building regs”, despite us having the original architecture plans and official building reg docs from back in ‘72. Cost us the sale based on his opinions. When challenged he said “oh I don’t bother looking at those documents”

Surely this isn’t on? Any ombudsman service that folk can complain to? This isn’t just me being pissed at his survey and wanting some kind of revenge, it’s him writing his survey based on opinion despite us having EVERY bit of certification and paperwork to prove his concerns were bullshit.
Rez
Rez avatar

7951 posts since 5/4/09

16 Aug 2018 08:44
Trent wrote: Clearly Essex! Laughing out loud

I recently put a cash offer in for a property as I couldnt get a mortgage due to the condition of the house so I guess that's my reference point.

I also think a lot would notice a portion of 17k re-work before putting in an offer at asking. Might be a London thing though, you could probably buy 3 / 4 similar properties up North for the 500k Rez is throwing down.

Trent I don't think I'd be able to notice those things I've listed from a viewing alone. That's why you get a survey!

Re: the surveyors opinion on the price Kadafi - as its a building survey rather than a homebuyers report - he's stated

'In our opinion the property is a reasonable purchase proposition at our valuation figure, provided that you are
prepared to accept the cost and inconvenience of undertaking the various necessary repair/improvement works
reported. We recommend that you obtain estimates for these works of repair/improvement and then renegotiate
your purchase on the basis of the cost involved.'
stoney
stoney avatar

17375 posts since 22/1/05

posted 16 Aug 2018 08:55, edited 16 Aug 2018 08:55
carlos wrote: Stoney, we’re selling and our first buyers had a survey, then pulled out. Bloke pulled it to pieces and said “he thought our extension didn’t meet building regs”, despite us having the original architecture plans and official building reg docs from back in ‘72. Cost us the sale based on his opinions. When challenged he said “oh I don’t bother looking at those documents”

Surely this isn’t on? Any ombudsman service that folk can complain to? This isn’t just me being pissed at his survey and wanting some kind of revenge, it’s him writing his survey based on opinion despite us having EVERY bit of certification and paperwork to prove his concerns were bullshit.

What company is it or is it a 1 man band ? If it’s a big company ask for a copy of their complaints procedure and raise it, could also complain to the Rics. He will probably say his concerns were based in professional view of quality of extension and the fact that it won’t meet modern regs.
carlos
carlos avatar

940 posts since 20/1/08

16 Aug 2018 13:10
Modern regs mean fuck all though, unless your work is modern, right? If that was the case every house in the UK would need rebuilding every time there was a change to the regulations. It looks like it was from a company with only one or two surveyors. As a company they’re not registered with any ombudsman service and after I asked for a copy of their complaints procedure form they hung up on me. Seem a bit cowboy if you ask me.
stoney
stoney avatar

17375 posts since 22/1/05

16 Aug 2018 14:42
I had a case like this before where I slated a house in a survey and the sellers kicked the fuck off and tried to sue. The solicitors gave them a copy of the report which they shouldn’t do. The report is supposed to be for the buyers only. From memory the sellers had no right to come after me. Sounds like you have a dodge house Sticking out tongue
Tickers
Tickers avatar

110 posts since 16/11/06

16 Aug 2018 14:43
anyone know how decreasing term life insurance payouts are calculated? I know they decrease roughly inline with your mortgage (that's all anyone in the call centre can tell you as I have asked them), but how does the % applied to the insurance policy work? For example a 10% policy will pay out more after 10 years than a 7% policy according to this legal and general calculator.

https://www.legalandgeneral.com/adviser/protection/helping-you-grow/tools-calculators/decreasing-term-calculator/tool/
Burt
Burt avatar

5478 posts since 3/1/10

16 Aug 2018 15:34
You aint fooling anyone hiding behind the moniker 'Tickers', Mr. Franklin.

What a cunt.
Tickers
Tickers avatar

110 posts since 16/11/06

16 Aug 2018 15:44
ay? Was genuine question bud don't follow you. Just wondered if was any actuary's or similar on here
TCB
TCB avatar

3743 posts since 5/7/11

16 Aug 2018 16:00
Laughing out loud
Tickers
Tickers avatar

110 posts since 16/11/06

17 Aug 2018 09:21
arhh Aretha very good

Since found answer - the % is notional mortgage interest rate they apply to the initial insured amount. So higher % results in a bigger payout throughout the insurance term should worst happen, as a 10% rate on a mortgage would have higher outstanding balance at same point as a 8% rate

I'm here all week


swede
swede avatar

7927 posts since 21/3/09

17 Aug 2018 10:58
Laughing out loud
carlos
carlos avatar

940 posts since 20/1/08

17 Aug 2018 12:09
stoney wrote: Sounds like you have a dodge house Sticking out tongue

Ha! I wish this was the case. Worst thing about our gaff is the flat roof on the extension will probably need replacing in 4/5 years.

The surveyor also stated we had inadequate drainage(?!) because we had a saniflo - which was installed due to having a shallow run off for the sink waste!
Rirawin
Rirawin avatar

9230 posts since 17/7/05

18 Aug 2018 16:52
Speaking of properties. Looking to buy a property in Bath. Found a place that we're keen on but the listing has a guide price. The agent said "we've listed as to what we think is a fair price but strongly recommend that you look to what properties have sold in the nearby area and make an informed decision yourself as to what you think the property is worth".

The property in question was bought for £100k less in 2017 than its current guide price. Apparently it was in a bit of a state when bought, but over the last year the whole place has been renovated to a very high standard and is being sold on by a property developer so there's no chain. We're also first time buyers so it's a bit of a win win.

We're thinking to offer 25k-30k less than the guide price for a couple of reasons. The first is a selfish reason, if we can knock that off the guide price we'd use this money for a loft conversion (extra bedroom plus ensuite). The second reason is, and most importantly, a couple of properties in the next adjacent street have sold for 30k-40k less than this property's guide price a few months ago. One of which has four bedrooms instead of three. Both aren't as nice inside, but both only require a fresh coat of paint and some new flooring laid to get them up to standard.

Bottom line is would we be absolute cunts and no hopers by offering significantly below the guide price? We're not pinning our hopes on the property, but we don't want to taint the relationship we have with the agent and be classed as "piss takers", as there are a couple of other properties they have listed that we'd like to see and maybe make an offer on if this offer isn't accepted.

Worth noting, when we were looking at properties in Bristol, a few of the agents that had properties listed under guide prices said the vendors would be willing to go 30k below guide price.
FrIEND
FrIEND avatar

13428 posts since 27/11/03

18 Aug 2018 17:28
Just (hopefully) sold ours in very similar circumstances so this may help. And we put a price on ours not a guide so I think you could be slightly more cheeky…I hate this guide price thing…..estate agent said to us it’s where the seller is chancing for a price more than the estate agents would put it on for.

We got offered 30k less and I didn’t even bother considering it, then 20k less and I went back and said 10k off and we’d have a deal (and this is what we were really aiming for).

Guy then came back and said can we agree on 15k off. He’s a first time buyer so I said yes - I think it’s a good deal for everyone.

I don’t think your price is taking the piss…any interest is good and they’re not gonna hold anything against you.
carlos
carlos avatar

940 posts since 20/1/08

18 Aug 2018 17:37
Sometimes the listing price is all about maximising the visibility on Rightmove/Zoopla etc. All to do with search parameters.

No matter how high the standard of finish inside, if the others in the area aren’t worth it, your high offer will put the price of the whole street up.

This was our issue 3 years ago.
swede
swede avatar

7927 posts since 21/3/09

posted 19 Aug 2018 08:32, edited 19 Aug 2018 08:32
rich we were (are) in a very similar situation. a small developer was selling 6 flats in one building (new build made to look like georgian street). have a look around and estate agent is really quick to say "it's priced quite highly…. you can knock some money off" . ended up getting 10% off the guide price, which was another 5% off what the estate agent was saying the developer would take. definitely seems to be wiggle room when it's being sold by a developer… hopefully exchanging next week - fingers crossed

if you take over 10% off the offer price i think that's generally a bit of a pisstake. unless it's a £1m+ home.. big properties going for less and less now due to stamp
phikz
phikz avatar

3124 posts since 14/4/09

19 Aug 2018 17:17
Anyone suffered with Hallux Rigidus aka stiff big toe? Played football last night with no problems or noticeable impact injury, but I've been in pain since, can barely walk or bend my big toe. Got lots on this next couple days and really can't be fucked if it's long lasting… Does this shit go away?
stoney
stoney avatar

17375 posts since 22/1/05

19 Aug 2018 17:46
Probably gout Shocked
phikz
phikz avatar

3124 posts since 14/4/09

19 Aug 2018 19:57
looking at some of the images and reading about it I hope not Sick!