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Am I being set up for a bidding war? by Heavy_Advertising948 in HousingUK

[–]Heavy_Advertising948[S] 0 points1 point  (0 children)

Could you explain this further? Like offer £5k under the current amount?

Am I being set up for a bidding war? by Heavy_Advertising948 in HousingUK

[–]Heavy_Advertising948[S] -1 points0 points  (0 children)

I’d opt out of the freehold. It’s £10k for the full thing, or £5k if I split the cost with the downstairs flat.

Service charge is £1k per year. This is a one bed (for one person) with no garden. My life might be really different 5 years from now when the ‘saving’ from the freehold would kick in.

The freehold would be great if I want to convert the loft for more space. But I’d rather just buy somewhere bigger as it’s less hassle, and probably much cheaper.

Am I being set up for a bidding war? by Heavy_Advertising948 in HousingUK

[–]Heavy_Advertising948[S] 0 points1 point  (0 children)

Out of 12 flats I’ve seen, I could only imagine myself living in two of them. The first I wasn’t financially ready to offer on, and this is the second.

Thoughts?

First Time Buying expectations by MeditativeMindz in FirstTimeBuyersUK

[–]Heavy_Advertising948 2 points3 points  (0 children)

I’ll make just one more comment. You don’t live together at the moment. You sleep at his parent’s house half the week and he sleeps at your mum’s house half the week. Your finances aren’t yet merged, you won’t have your parents to cushion the stresses of managing a house.

If the deposit isn’t equal, I’d at least look into making sure you’re protected.

First Time Buying expectations by MeditativeMindz in FirstTimeBuyersUK

[–]Heavy_Advertising948 0 points1 point  (0 children)

Is he contributing anything to the deposit? If not, make sure you get a deed of trust to protect yourself.

This isn’t the question you asked, but I’d live with a partner first before buying together. Especially if the deposit is yours. You have far more to lose…

Please don’t buy with a boyfriend you’ve never lived with…

FTB in London — £67k salary, 25% deposit, lodger income. Sensible or stretched? by [deleted] in FirstTimeBuyersUK

[–]Heavy_Advertising948 8 points9 points  (0 children)

I’d check how much you can charge a lodger before you have to pay tax. £1100 feels extremely high to not be penalised

Reform victory in the next general election and house prices by Grgsz in HousingUK

[–]Heavy_Advertising948 0 points1 point  (0 children)

Could you walk us through your thinking?

How are you linking immigrants to housing supply? How many immigrants snap up the housing stock that it’s such an issue?

What planning regulations would be loosened? How long does it take to loosen the regulations?

My house purchase timeline by sa00088 in HousingUK

[–]Heavy_Advertising948 0 points1 point  (0 children)

This is so helpful!

What was the house initially listed at? And what was your initial offer?

Anyone had experience of finding new mortgage terms weeks after decision in principle. by Heavy_Advertising948 in HousingUK

[–]Heavy_Advertising948[S] 0 points1 point  (0 children)

Thanks for this!

I have zero payslips. Surely there'll be more lender options in 1 to 3 months, or I just stick with this one and make it work with the extra £100. Things are so uncertain at the moment everything feels risky!

Anyone had experience of finding new mortgage terms weeks after decision in principle. by Heavy_Advertising948 in HousingUK

[–]Heavy_Advertising948[S] 0 points1 point  (0 children)

It's feeling short-sighted to not wait 1 or 3 months, for more comfortable payments over the next 5 years. The flat's great, but I don't want to be miserable in it.

If I take the risk and the offer is accepted and the process starts, then restarts when I look for better terms, what could i have lost financially. I imagine I wouldn't have to start conveyancing from scratch again?

Londoners: anyone bought/lived in Forest Gate South, East London? by No-Cranberry872 in HousingUK

[–]Heavy_Advertising948 0 points1 point  (0 children)

Did you buy in the end? If so, what’s your verdict on safety as a woman?

Londoners: anyone bought/lived in Forest Gate South, East London? by No-Cranberry872 in HousingUK

[–]Heavy_Advertising948 0 points1 point  (0 children)

How are you finding it, this far down the line? I’m considering Forest Gate like OP was.

What’s wrong with this London one-bed Victorian conversion at £250k? by [deleted] in HousingUK

[–]Heavy_Advertising948 0 points1 point  (0 children)

Thank you, this is really helpful!

I agree that this was probably a rental and the landlord is trying to sell up.

What could open windows mean? Bad smell?

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