General Discussion: Property thread


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eazypz
eazypz avatar

3341 posts since 16/4/10

6 Apr 2021 16:51
It’ll most likely be something with a heating/cooling element that does it.
Just process of elimination really.
Rdes1974
Rdes1974 avatar

267 posts since 29/1/14

7 Apr 2021 16:05
mine was my gas hob…still no idea why, eletrician played with the circuit board, then happened once again about 6 weeks later and then has been fine up to now. Still dont know why. Will update the box at some point.
Razorlight123
Razorlight123 avatar

4937 posts since 13/1/10

posted 7 Apr 2021 16:16, edited 7 Apr 2021 16:16
RVP10 wrote:
Egan wrote: Nice one, always a worry things got its up. Think we have it with Halifax, rates seem okay. 2.68% for the first 2 years.

That seems very high; I’m 2 years into a 5 year fixed at 1.9 (also Halifax) and I’m considering remortgaging to get it lower. Last time I checked it was possible to get to 1.4ish without too much effort.

I’d also get your broker to go through the different term lengths in more detail; if you can handle a slightly larger payment you can get the term down and save a ton in interest payments.

Are you getting 1.9% on your first property?
Rdes1974
Rdes1974 avatar

267 posts since 29/1/14

7 Apr 2021 16:23
if you have a good ratio 1.4 is very available
andrew_
andrew_ avatar

597 posts since 23/1/10

posted 9 Apr 2021 13:03, edited 9 Apr 2021 13:03
Selling my property.

Neighbour has put in for planning permission with a party wall agreement I need to sign.

They want to do a full-width extension, it's standard on our road (victorian terraces).
I would have no issue with it if staying.

Do I need to declare this to potential buyers, or nah?
stoney
stoney avatar

17741 posts since 22/1/05

9 Apr 2021 13:16
The Solicitors will pick it up anyway so I would.
Razorlight123
Razorlight123 avatar

4937 posts since 13/1/10

11 Apr 2021 07:17
https://www.rightmove.co.uk/property/77934534

This seems a 'reasonable' price for North London - what's the catch?!
pops
pops avatar

4248 posts since 2/9/09

11 Apr 2021 08:19
300 odd square foot is the catch.
Hello World
Hello World avatar

12165 posts since 7/3/05

posted 11 Apr 2021 08:53, edited 11 Apr 2021 08:53
Assumed for house saw it was a flat.

Also to access “terrace” just climb through any of the bedroom windows.
HiFi
HiFi avatar

1046 posts since 17/7/06

11 Apr 2021 08:54
How many of the BTL-ers on here have had nightmare tennants? Trying to find out how common it is and how to avoid.

Thanks in advance.
joeyjojo
joeyjojo avatar

4580 posts since 24/8/06

11 Apr 2021 09:09
Razorlight123 wrote: https://www.rightmove.co.uk/property/77934534

This seems a 'reasonable' price for North London - what's the catch?!

Very reasonable! Is it lease hold and the lease is coming to an end?
joeyjojo
joeyjojo avatar

4580 posts since 24/8/06

11 Apr 2021 09:11
I remember when I was looking and a 2 bed came up in Chelsea. Super nice and big. I was drastically calling the estate agent at work thinking right this is it, I’ve made it, gone up a few social statuses until the estate agent told me lease is running out and would be 2mill to renew it
MrW
MrW avatar

3003 posts since 1/8/11

posted 11 Apr 2021 09:21, edited 11 Apr 2021 09:21
Not sure what’s hardest to get my head around, £380k for a flat smaller than my lounge, or it being called ‘very reasonable’ Laughing out loud :
Razorlight123
Razorlight123 avatar

4937 posts since 13/1/10

posted 11 Apr 2021 09:25, edited 11 Apr 2021 09:25
Must definitely be a leasehold that is coming to an end.

Been on the market for 2 months, and particularly given that similar properties are listed at a much higher price.

It's definitely not reasonable - but in comparative terms for properties in that area, it is. All relative.

Some houses outside London are not worth 500-600k despite their size given they were 200-300k less than 5 or so years ago. But here we are.
stoney
stoney avatar

17741 posts since 22/1/05

11 Apr 2021 10:16
First marketed in November. Another flat in the block sold for 395 in 2016

stoney
stoney avatar

17741 posts since 22/1/05

11 Apr 2021 10:18
That was 415 sq ft and went 20k over asking. I can’t find any lease details though.
swede
swede avatar

9720 posts since 21/3/09

11 Apr 2021 10:54
pops wrote: 300 odd square foot is the catch.

Laughing out loud

you may be right on the lease. or there is something weird going on with the management company and no lenders will go in on it
Goldie
Goldie avatar

4806 posts since 17/10/07

11 Apr 2021 13:44
HiFi wrote: How many of the BTL-ers on here have had nightmare tennants? Trying to find out how common it is and how to avoid.

Thanks in advance.
Use an agency that do thorough background checks, and make sure your paperwork is watertight
Kadafi39
Kadafi39 avatar

1952 posts since 30/10/09

12 Apr 2021 09:22
andrew_ wrote: Selling my property.

Neighbour has put in for planning permission with a party wall agreement I need to sign.

They want to do a full-width extension, it's standard on our road (victorian terraces).
I would have no issue with it if staying.

Do I need to declare this to potential buyers, or nah?


You'll be sent the property information form to complete as part of the contract documents.

Question 1.6 is "Has any notice been received under the Party Wall Act 1996 in respect of any shared/party boundaries? If Yes, please supply a copy, and give details of any works carried out or agreed"

3.2 is "Have any notices or correspondence been received or sent (e.g. from or to a neighbour, council or government department), or any negotiations or discussions taken place, which affect the property or a property nearby?

3.3 is "Is the seller aware of any proposals to develop property or land nearby, or of any proposals to make alterations to buildings nearby? If Yes, please give details:

I Would suggest you declare it, it will most likely show in the local search and you'll just give the impression to the buyers that you are not exactly honest or up-front.
R
R avatar

13284 posts since 17/5/03

12 Apr 2021 11:01
joeyjojo wrote:
Razorlight123 wrote: https://www.rightmove.co.uk/property/77934534

This seems a 'reasonable' price for North London - what's the catch?!

Very reasonable! Is it lease hold and the lease is coming to an end?

over £1,000 psf in Holloway…