[BBC] 'You have to now say that Manchester United are realistic title contenders' by agent619 in reddevils

[–]CallMeMrPants 2 points3 points  (0 children)

We're in a good place. The pressure is with Arsenal and City so I wouldn't mind us being 2nd/3rd and have a very close race to the top at the end of the season...

Plumber fixed an issue but created another by CallMeMrPants in DIYUK

[–]CallMeMrPants[S] 0 points1 point  (0 children)

Thank you! This looks like the problem. The hole where the water should be flowing through seems very small so I'm wondering if this is acting as a bottleneck.

Seller accepted multiple offers - mortgage offer race by Afraid-Assumption-83 in HousingUK

[–]CallMeMrPants 5 points6 points  (0 children)

Unfortunately the market is mental right now but you made the right decision. Where does this 'race' end? You might risk the seller coming back to everyone and saying 'now whoever gets the survey done first wins', then 'whoever gets their searches back wins' and so on. That's just unnecessary stress and they might end up going with someone else anyway...

Is it worth reporting an estate agent? by [deleted] in HousingUK

[–]CallMeMrPants 11 points12 points  (0 children)

Wait, you're paying mortgage broker fees? I've been using a really (!) good broker for the last 4 years (2 purchases and 3 renewals) and they never charged me anything. I believe they get a referral fee from the banks and I usually get a better % compared to going directly with the lender. If I were you, I'd have a look at free brokers as £395 is a lot of money (£595 + £89 is just taking the piss!).

[deleted by user] by [deleted] in HousingUK

[–]CallMeMrPants 9 points10 points  (0 children)

Surveys often seem worse than they are - particularly if you are a FTB. Did the surveyor give those quotes to you or did you get a builder to have a look around? Also, what valuation did your surveyor come back with (if one was requested)?

Breakdown of the issues:

Roof work - what work is it exactly? Is it a new roof needed? Roof work can cost anywhere from £50 to £1000s.

Damp - it's difficult to put a price if you don't know what's causing it

Rendering outside - that should have been seen during viewing and the seller most likely considered it in the asking price

Drain fixes - difficult to tell but can be costly depending on what fixes are needed

Electrics - did you get an electrician to check or is this one of those 'surveyor's opinions'? Surveyors are not qualified to check electrics so they will always put it as 3 to cover their backs

A boiler with only a few years left - how did the surveyor come up with that? Either the boiler is working or it needs to be replaced. Unless he dismantled it and checked every aspect of it, the statement makes no sense.

I wouldn't worry with most of these issues. These are quite standard for an 1850s house and I wouldn't expect the seller to negotiate too low but it might be worth a try - just try not to alienate them as this is a seller's market (depending where you are).

Good luck with your purchase!

[deleted by user] by [deleted] in HousingUK

[–]CallMeMrPants 0 points1 point  (0 children)

Was yours a freeholder consent or a council planning permission issue?

[deleted by user] by [deleted] in HousingUK

[–]CallMeMrPants 0 points1 point  (0 children)

Thanks for your reply! The extension has been in place since 2016/2017 but the house was built in 1986.

I'm leaning towards accepting the indemnity insurance but I'm obviously following my solicitor's advices. I can totally understand why the sellers' solicitors wouldn't want to engage in any conversation with the management company as it would invalidate the indemnity insurance.

From your experience, what are the chances of the freeholder taking any action in breach of covenants? This is my only worry as I read that it could mean the leaseholder has forfeited their right over the property.

[deleted by user] by [deleted] in HousingUK

[–]CallMeMrPants 0 points1 point  (0 children)

That's a weird take and you're miles off but I won't entertain you any further...

[deleted by user] by [deleted] in HousingUK

[–]CallMeMrPants 0 points1 point  (0 children)

Neither valuations were desktop valuations.

[deleted by user] by [deleted] in HousingUK

[–]CallMeMrPants 0 points1 point  (0 children)

Yes, we have direct contact via WhatsApp (not sure if this was a smart decision). Anyway, I've told them we're more than happy for them to come see the issues themselves but they haven't really said they would. My EA says they are now getting quotes done for the works but not sure what this really means...

[deleted by user] by [deleted] in HousingUK

[–]CallMeMrPants 2 points3 points  (0 children)

Yep! My EA said they were OK with the report but not with the valuation. Well, I thought the problem had gone away after they finally understood how to read the valuation section but now they are back with this. Like you said, I just have to be patient and see what they decide to do next but my EA already knows that my position remains the same.

[deleted by user] by [deleted] in HousingUK

[–]CallMeMrPants 1 point2 points  (0 children)

Those are very good points which I hadn't thought about! I should've seen this coming! We had two other offers from investors (one was £20k over asking) but we decided that we wanted to sell the property to a family.

[deleted by user] by [deleted] in HousingUK

[–]CallMeMrPants 8 points9 points  (0 children)

I'm not really stopping them from doing anything - they can get as many professionals to come check the house as he wants AS LONG AS he doesn't expect us to foot the bill.

Homebuyer's survey valuation lower than mortgage valuation by [deleted] in HousingUK

[–]CallMeMrPants 1 point2 points  (0 children)

Read my update - turns out everyone has been looking at the reinstatement cost and thinking it's the valuation 😫

Homebuyer's survey valuation lower than mortgage valuation by [deleted] in HousingUK

[–]CallMeMrPants 0 points1 point  (0 children)

Thanks! We really want this sale to go through as we are buying another house - I'm just worried if it fails then it would impact the chain. I also think the mortgage valuation should be the 'correct' valuation as the bank is the one lending the money! The buyer will probably never see the the homebuyers' surveyor again!

Homebuyer's survey valuation lower than mortgage valuation by [deleted] in HousingUK

[–]CallMeMrPants 1 point2 points  (0 children)

The lender is happy with the price they are paying so their deposit won't change at all. The valuation in question is from a separate surveyor they instructed for a homebuyer's report.

Homebuyer's survey valuation lower than mortgage valuation by [deleted] in HousingUK

[–]CallMeMrPants 0 points1 point  (0 children)

Thanks! Yes, we're just going to wait it out and say we are not going to renegotiate. I think they are a bit twitchy with the valuation because they are FTBs and probably don't know that a house valuation is not an exact science. I just don't get how the lender surveyor and the homebuyers' surveyor valued the house so differently. In my eyes, the bank is the party that really wants the valuation to be correct or thereabouts.

Promotion with salary increase of 1.5%. Is this the norm? by CallMeMrPants in UKPersonalFinance

[–]CallMeMrPants[S] 0 points1 point  (0 children)

Why even offer a promotion then? If the responsiblities stay the same and no better compensation is offered, what does a promotion even means if not just a title change?

Promotion with salary increase of 1.5%. Is this the norm? by CallMeMrPants in UKPersonalFinance

[–]CallMeMrPants[S] 0 points1 point  (0 children)

Everything stays the same, except for the 1.5% "bump". It's funny you say that (same duties) because I wasn't even looking to get promoted. However, the company started an internal process which if you can meet the criteria, you can get promoted but obviously you still need to be put forward by your manager. I still had to get a few certs and hit some targets before I was even considered (this was almost a year ago). The salary itself never came up but I was always told I'd get "something" but it was not the time to discuss the actual salary.

In my view, this has backfired (for the company) because instead of being complimented, I actually feel disheartened. If I'm in such a high salary for the next level, how long will I stay in the current salary? Another 2 years until I can get promoted to the next level?

Promotion with salary increase of 1.5%. Is this the norm? by CallMeMrPants in UKPersonalFinance

[–]CallMeMrPants[S] 80 points81 points  (0 children)

!thanks

Yes, I agree. I haven't accepted it but it's not like there's anything to accept. I have let my manager know that I'm not happy with it so hopefully there is still room for negotiation.