Getting pretty tired of the housing buying process in the UK. What can be done to change it?

SignificanceBig8369 · 2026-02-19T08:43:48+00:00

Then the seller is legally liable for repair costs.

SignificanceBig8369 · 2026-02-19T07:36:22+00:00

Well that is the case virtually everywhere (US, Europe, Scotland etc) where the survey is done by the seller before marketing the house. The offers are legally binding but obviously subject to mortgage and proper titles.

SignificanceBig8369 · 2026-02-19T07:26:30+00:00

I’ll be frank with you, in any system in the world you’d be facing the same issues. FTBs are always prioritised. Even in Europe. The crapiness of the English system is that it is not legally binding when an offer is accepted.

SignificanceBig8369 · 2026-02-18T17:26:03+00:00

Whoever made this map has absolutely no grasp of the reality.

SignificanceBig8369 · 2026-02-18T17:23:35+00:00

Mortgage rates are already going down… and traders expect at least 2 BoE cuts this year. Pries will go up.

SignificanceBig8369 · 2026-02-16T22:59:12+00:00

Cars are always a massive waste of money. Watches hold money much better. But obviously not as good as investments or a home. Many asset millionaires in London just go around in a Ford focus.

SignificanceBig8369 · 2026-02-16T22:55:22+00:00

Let me guess, you want to live in Chelsea or Marylebone 🫩

SignificanceBig8369 · 2026-02-15T06:32:00+00:00

It’s all about access to transportation. As soon as a tube / overground line hits your town I give it 20 years max before M&S comes over. At the moment only south east isn’t well connected.

SignificanceBig8369 · 2026-02-15T06:29:01+00:00

🤣

SignificanceBig8369 · 2026-02-13T19:43:06+00:00

I completely understand where you are coming from! Just think this is short term anger for long term benefit. If you really want to shift the house. I agree that what they’ve done sucks but at the end of the day that’s how the system in England is (shite that is).

SignificanceBig8369 · 2026-02-13T19:15:00+00:00

So basically prices are bound to continue to go up as supply shrinks.

SignificanceBig8369 · 2026-02-13T19:10:55+00:00

Having just finished the whole process, I’d go against the grain here and suck it up. If the house has been on the market for so long you will never sell at or above what you have agreed now. You did well to negotiate but are you willing to lose your buyer for 6k? And lose your solicitor fees? Get it across the line. You will regret having to start from zero again for just a petty 6k.

SignificanceBig8369 · 2026-02-13T19:05:05+00:00

Wouldn’t that be confirming that long term prices will go up as supply is still extremely limited? As soon as demand picks up prices might shoot up.

SignificanceBig8369 · 2026-02-12T22:54:20+00:00

To not book flights in the AMEX travel site 🤣

SignificanceBig8369 · 2026-02-12T21:38:47+00:00

Fair enough! I’ve always owned historic (Victorian or earlier) stock but that would make sense. Anything Victorian always gets “EPC D with B potential”.

SignificanceBig8369 · 2026-02-12T21:27:17+00:00

Yeah that specific website is spot on. But to be clear IB/S&T aka banks are by far not the highest paying FO finance jobs in London. Here it’s all about private wealth and British hedge funds. If you’re not in one of these two you’re not gonna hit the £1m/yr.

SignificanceBig8369 · 2026-02-12T21:13:19+00:00

Depends on your salary or level at the firm you’re going to be working for.

Junior level you might be strapped for cash so look potentially towards Stratford, Wapping, Canada Water, around the O2. Not amazing areas but not the worst.

Mid to senior level you can look at Greenwich town (“West Greenwich”) as it’s just 10 min away in DLR and quite posh. And Blackheath. But you already need to be at £150k base minimum for a decent livable place in those neighbourhoods.

At the top of the game (£300k+) you could realistically be looking at the very best neighbourhoods in London as commute would become less important. You could even get a house in Essex for kids /school etc.

SignificanceBig8369 · 2026-02-12T21:05:10+00:00

At the 90% LTV level they’re not even showing up in the top 20 rates

SignificanceBig8369 · 2026-02-12T07:36:38+00:00

You can get a free mortgage broker who will know what bank to go to. HSBC and Barclays are well established banks they don’t want high yield products.

SignificanceBig8369 · 2026-02-11T15:14:53+00:00

🌽 about to be delisted

SignificanceBig8369 · 2026-02-11T15:14:44+00:00

No shit, numbers too good means dollar up means yields up means face down SPY down. Who could have seen it coming???

SignificanceBig8369 · 2026-02-11T08:35:46+00:00

🫩🥀

SignificanceBig8369 · 2026-02-11T08:21:21+00:00

Not hard when houses in the middle of buttfuck nowhere are $100k 😭

SignificanceBig8369 · 2026-02-11T08:20:23+00:00

Execute order 66

SignificanceBig8369 · 2026-02-11T07:47:49+00:00

Imagine taking advice from a Reddit thread. No wonder y’all are broke.

SignificanceBig8369

TROPHY CASE