General Discussion: Property thread


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Birdman
Birdman avatar

1625 posts since 10/3/10

25 Jun 2022 09:15
On a related topic, I’ve put aircon in for my new loft conversion (allow the mess - still in process of finishing). It’s pretty ugly but has already come in handy. Would recommend if doing a loft conversion.

sydneyking
sydneyking avatar

5221 posts since 26/9/09

25 Jun 2022 09:30
Is that your parents gaff?
Birdman
Birdman avatar

1625 posts since 10/3/10

25 Jun 2022 09:37
No. Why?
Rez
Rez avatar

8997 posts since 5/4/09

25 Jun 2022 10:21
Anyone got any recommendations for beds in loft spaces? Getting mine done atm
sydneyking
sydneyking avatar

5221 posts since 26/9/09

25 Jun 2022 10:53
Birdman wrote: No. Why?

It just has that student bedroom vibe
Birdman
Birdman avatar

1625 posts since 10/3/10

25 Jun 2022 11:45
I did say it was a mess. This was taken the day we moved in, hence all the shit everywhere
Razorlight123
Razorlight123 avatar

5119 posts since 13/1/10

posted 4 Aug 2022 15:20, edited 4 Aug 2022 15:20
R wrote:
Crackajack wrote: Our mortgage is up for renewal as current fixed deal ends soon.

Given that the best offer seems to be 2 or 5 year fixed at the same rate (and tellingly not offering longer, as 10yr used to be a thing) surely fixing for as long as possible is best? Or even a higher rate for longer than 5 yr? Cant see interest rates falling any time soon.

not convinced about that

When you reckon it will fall then R…?! The way the global economy is set up at the moment, we will definitely experience increased int. rate for 1-2yrs.

I'm fixed for 5 years (4 remaining), and glad I did so at the moment, the way things are going.
staygold
staygold avatar

5096 posts since 21/11/05

4 Aug 2022 16:32
Mine is up in Feb. Rate they are offering, 3.34, is same for 2 or 5 year fixed. That’s already a £300 a month increase on what I pay now, just wondering how bad can it get. Should have fixed for 5 with the last one would be laughing now
R
R avatar

13339 posts since 17/5/03

4 Aug 2022 17:40
Razorlight123 wrote:
R wrote:
Crackajack wrote: Our mortgage is up for renewal as current fixed deal ends soon.

Given that the best offer seems to be 2 or 5 year fixed at the same rate (and tellingly not offering longer, as 10yr used to be a thing) surely fixing for as long as possible is best? Or even a higher rate for longer than 5 yr? Cant see interest rates falling any time soon.

not convinced about that

When you reckon it will fall then R…?! The way the global economy is set up at the moment, we will definitely experience increased int. rate for 1-2yrs.

I'm fixed for 5 years (4 remaining), and glad I did so at the moment, the way things are going.

100%. Fuck knows with the way things are going and I'm far from an economist. Couple of years? I'd fix for 2 and reassess.
R
R avatar

13339 posts since 17/5/03

4 Aug 2022 17:42
staygold wrote: Mine is up in Feb. Rate they are offering, 3.34, is same for 2 or 5 year fixed. That’s already a £300 a month increase on what I pay now, just wondering how bad can it get. Should have fixed for 5 with the last one would be laughing now

Very painful, but irony is it's still relative cheap. Was paying more on my 1st mortgage a decade ago.

youngkamio
youngkamio avatar

89 posts since 27/6/14

5 Aug 2022 08:21
Back in Spring, some people I know paid quite big early repayment penalties to re-fix on a 5yr terms. Think that move has paid off.
illwill
illwill avatar

4170 posts since 17/5/04

posted 5 Aug 2022 11:25, edited 5 Aug 2022 11:25
Next door are planning on building rear single-story extension to match ours.

Our extension is about 6 inches from the shared property line and the gutter and drain pipe fits in this space.

To avoid damp and access issues, it's advantageous to let them build onto my side wall without leaving a gap but obviously i'm basically giving them a thin slice of land.

Anyone had to deal with this before? Don't really have a problem with it but dunno how to set it up legally etc. I imagine we'd need to get permission from the mortgage co.
ummar01
ummar01 avatar

47 posts since 4/12/13

7 Aug 2022 20:56
illwill wrote: Next door are planning on building rear single-story extension to match ours.

Our extension is about 6 inches from the shared property line and the gutter and drain pipe fits in this space.

To avoid damp and access issues, it's advantageous to let them build onto my side wall without leaving a gap but obviously i'm basically giving them a thin slice of land.

Anyone had to deal with this before? Don't really have a problem with it but dunno how to set it up legally etc. I imagine we'd need to get permission from the mortgage co.

You need to get a Party Wall Surveyor to draw up an award. In this case to give them permission to build a new wall on both sides of the property line.

It’s important to make sure that the wall maintains fire separation and if they do build right up to it, they’re not using your wall to hold their extension up.
sydneyking
sydneyking avatar

5221 posts since 26/9/09

posted 8 Aug 2022 07:27, edited 8 Aug 2022 07:27
Razorlight123 wrote:
R wrote:
Crackajack wrote: Our mortgage is up for renewal as current fixed deal ends soon.

Given that the best offer seems to be 2 or 5 year fixed at the same rate (and tellingly not offering longer, as 10yr used to be a thing) surely fixing for as long as possible is best? Or even a higher rate for longer than 5 yr? Cant see interest rates falling any time soon.

not convinced about that

When you reckon it will fall then R…?! The way the global economy is set up at the moment, we will definitely experience increased int. rate for 1-2yrs.

I'm fixed for 5 years (4 remaining), and glad I did so at the moment, the way things are going.

The times claiming it will fall back to 1.75 by the end of 2024.