General Discussion: Property thread


Show original post
chinaski
chinaski avatar

354 posts since 15/7/10

15 Mar 2021 09:30
Cheers for all the feedback… I have exchanged yeah so it is tricky. Solicitor hasn't been that helpful so far but should have an update from them tomorrow.

I think I will do the papers / moneysaving expert threat next, why not
R
R avatar

13294 posts since 17/5/03

15 Mar 2021 10:32
Scottishmark wrote: What would your claim be? It all sounds a bit shit for you but if the rooms are within the contractual tolerance I’m not sure a litigation solicitor is going to be able to help you?

this
darko
darko avatar

1065 posts since 4/10/12

15 Mar 2021 10:41
chinaski wrote: Cheers for all the feedback… I have exchanged yeah so it is tricky. Solicitor hasn't been that helpful so far but should have an update from them tomorrow.

I think I will do the papers / moneysaving expert threat next, why not

Get your compo face on lad

In all seriousness I work in comms/PR and it’s amazing what the threat of some bad press can do…

Would suggest writing a little blog type thing about the shite experience you have had with the developer, maybe exaggerate how much it’s impacted you, highlight how late on it’s fucked you ovet etc, and then blind copy it in to a load of the local news desks. They love stories like this
joeyjojo
joeyjojo avatar

4615 posts since 24/8/06

15 Mar 2021 11:44
swede wrote:
darko wrote: concealing issues is a proper cunt move IMO.

welcome to the property market

There’s a pretty cool law in Sweden where if you sell a place and don’t let the buyer know about potential issues ( or if it’s an issue you as the buyer should have known about and concealed) you have a time period they have to put it right. We’ve had a couple of bits ( issues with boiler, driveway/ garden and bathroom fixtures) that needed fixing and the seller sorted it ASAP at no cost which was awesome.
joeyjojo
joeyjojo avatar

4615 posts since 24/8/06

15 Mar 2021 11:45
After we have lived here for like 8 months too!
chinaski
chinaski avatar

354 posts since 15/7/10

15 Mar 2021 12:17
Scottishmark wrote: What would your claim be? It all sounds a bit shit for you but if the rooms are within the contractual tolerance I’m not sure a litigation solicitor is going to be able to help you?

It's within the threshold of the total property size but the fact that every room is smaller and they have made a huge hallway feels like a good argument.
swede
swede avatar

9827 posts since 21/3/09

15 Mar 2021 13:27
joeyjojo wrote:
swede wrote:
darko wrote: concealing issues is a proper cunt move IMO.

welcome to the property market

There’s a pretty cool law in Sweden where if you sell a place and don’t let the buyer know about potential issues ( or if it’s an issue you as the buyer should have known about and concealed) you have a time period they have to put it right. We’ve had a couple of bits ( issues with boiler, driveway/ garden and bathroom fixtures) that needed fixing and the seller sorted it ASAP at no cost which was awesome.

there are numerous things wrong with how property is bought/sold in england. the bidding process in scotland is much fairer for example (and actually mirrors the system in swe)
chinaski
chinaski avatar

354 posts since 15/7/10

15 Mar 2021 15:07
Got a bit of advice today and I'm going to speak to the mortgage lender about challenging the value of the property with these size changes. I'll probably take a hit paying for the valuation but I think it's worth it.

Cheers
Tom
Kadafi39
Kadafi39 avatar

1987 posts since 30/10/09

posted 15 Mar 2021 15:56, edited 15 Mar 2021 15:56
Ocin wrote: Thanks both, really helpful
Your solicitor will send you the protocol forms to complete shortly, property information and fittings and contents forms.

There is no contractual obligation to leave anything until you complete, sign and return your f&c form to your solicitor who will then pass it on to the buyers solicitors.

Section 2 relates to the kitchen and gives you the option to specifically exclude fitted items so there is no blanket rule regarding things being fitted or wired in.
jacko198
jacko198 avatar

546 posts since 23/10/09

17 Mar 2021 12:20
Thinking of selling our flat, its our first property and we haven't sold one before.

What do you guys think about going through PurpleBricks or the likes instead of a physical local estate agent? Obviously the cost savings seem to be a good reason, with a fixed £1k fee. But am I missing a reason why I should go with a local agent?

Trying to decide wether to rent it out and buy somewhere or just sell it and buy. Too much to look into with buy to let mortgages and tax's etc Puzzled

seenmy
seenmy avatar

6654 posts since 17/6/06

17 Mar 2021 12:31
all depends what type of property it is, would it benefit from going to a more targeted audience (modern house aucoot etc) once you get down to it they are somewhat all the same, the bigger the agency the less personal the service as their business is volume of completed sales. in the end they are all estate agents and can't be trusted as far as you can throw them however pleasant they appear on the first meet.

if your unsure buy to let could be good option (I have just done this) gives some flexibility but of course you have to manage that property also and depending on your income theres consideration on the tax side , when we consulted agents the feeling was that its a somewhat un predictable market right now , with flux depending on what the news says each week, with lenders equally twitchy, so we decided to hold for a while as the area we live in has not reached its full potential yet with a lot of development going on in the area so theres a positive chance of further value increase.
Rirawin
Rirawin avatar

9537 posts since 17/7/05

posted 17 Mar 2021 13:26, edited 17 Mar 2021 13:26
Do you have time to answer all queries? Filter out the time wasters? Schedule/carry out viewings? If the answer is no, then going with a local estate agents is a necessary evil.

Anecdotally, from what I've seen in Bath, properties that are listed under Purple Bricks (or similar) linger around for a lot longer than those that are with local estate agents.
illwill
illwill avatar

4137 posts since 17/5/04

17 Mar 2021 13:51
A purple bricks listing was a massive turn off for me.

The local representatives are completely useless without exception.
jacko198
jacko198 avatar

546 posts since 23/10/09

posted 17 Mar 2021 15:09, edited 17 Mar 2021 15:09
Well, thats that then! There are a fair few estate agents near me so plenty to choose from.

I think doing the maths, as I used the 20% Help To Buy to buy our flat, to get upto the 25% deposit for a Buy to Let mortgage would wipe us out so much that we would basically have no deposit to use for our new place and the income from the BTL would only give us £200 odd a month extra towards it. Seems like a massive ball ache for not much short term gain.
sydneyking
sydneyking avatar

5027 posts since 26/9/09

17 Mar 2021 15:11
illwill wrote: The local representatives are completely useless without exception.
Razorlight123
Razorlight123 avatar

4969 posts since 13/1/10

posted 19 Mar 2021 08:30, edited 19 Mar 2021 08:30
Anyone here an architect or can point me to someone who can help a fuker with some floorplan amendments?

It's a small job, just want to consider a loft conversion, and partition wall downstairs, I have the original floorplan with dimensions to hand already.

If you can drop me an inbox please that'd be great!
chinaski
chinaski avatar

354 posts since 15/7/10

21 Mar 2021 11:24
Am I likely to get found out if I'm renting a flat that isn't on a buy-to-let mortgage?
seenmy
seenmy avatar

6654 posts since 17/6/06

21 Mar 2021 11:55
probably not, if you have a residential mortgage you can request permission to let after 6 months of having the mortgage, i think most lenders dont have an issue on this , though you could google your provider to see if its something they are ok with.
Dee
Dee avatar

12019 posts since 22/11/07

21 Mar 2021 12:07
Not sure if it works but can you put it down as renting a room instead and keep your name on the local register as a resident?
stoney
stoney avatar

17757 posts since 22/1/05

21 Mar 2021 12:28
chinaski wrote: Am I likely to get found out if I'm renting a flat that isn't on a buy-to-let mortgage?

Make sure you don’t have a remortgage coming up as if it has an internal inspection it will be found. We are supposed to additionally report them to the lender as fraud via out audit department. I also go round a lot of air bnb which are on standard mortgages.