Cheap is exactly why it's brilliant.
Cheap is exactly why it's brilliant.
Didn't think that would matter when the seller would end up with the same amount anyway. Do you pay the seller the deposit directly over there or something?
Probably seen as more likely to get a mortgage/there be less chance of problems if you are borrowing less.
Gutting.
The seller, or their agent, should never know that information really.
My flat has brown wood internal doors and I want to paint them white, the same colour as the walls
What’s my best strategy here?
Do I need to give them a bit of a sand with a sandpaper before painting? Or can I just what some paint over the top?
They seem a bit glossy.
Let’s pretend I asked this question before whapping on with some cupboard doors… debating whether not sanding first has been a disaster.
Buy some white doors.
I wanted to do the same, but a pro painter informed me the wood texture, would struggle to hold the paint. I Need before and after images @Foe
I think I’m going to get away with it. It’s an absolute faff though requiring multiple coats.
I’ve abandoned my plans to do all the internal doors, and instead I’ve just done the bedroom cupboard doors. I’ve long wanted rid of some of the wood effect furniture I inherited when I moved into this flat, and this week has forced me into making that change.
Hopefully when I try and sell this place, the fact it “looks” quite clean and modern will help. New builds are all whites and greys, and whilst I’m sure as shit not replacing the wooden floors, if I can whack some white furniture in there and make it look decent then maybe some young professional will fancy a swing.
I had to hang a door at my mum's place on my own and thought it'd take about 30 minutes. It was a fucking nightmare.
Yeah, don't try to hang the doors yourself (or buy cheap ones) in much the same way as don't try to paint a wooden door. It can be done, but the effort required outweighs the cost of alternative options.
Can anyone here who owns a flat recommend an insurer? I don't have any contents worth insuring, but I would like to be covered in case the washing machine leaks through the floor (say). Every mainstream insurer I've tried just says check your building insurance, but that only covers structural issues.
I have Admiral home insurance and they have various options, sadly I didn't choose the one that covers Surrey Police going through your front door with a sledgehammer.
Contents insurance, life insurance, income protection...fuck it all off.
Home insurance in particular is the biggest scam. Leaking roof? Rising damp? Tornado demolished your conservatory? Sorry mate, we don't cover wear and tear or acts of god.
Waste of money.
Last edited by Spikey M; 05-12-2021 at 05:04 PM.
Lukey boy, talk to me. I'm being offered a B2L for 5 years at 1.7%. I'll obviously come out the other side of it in 2027 looking like Elon Musk such is the level of free money on offer with that madness but a return to their SVR projection has my repayments more than doubling. What's the likelihood I may actually be tied to paying such rates post 2027 because it ain't pretty.
Rates good what’s the arrangement fee on it? With the SVR you fix it in five years time. I’m assuming it’s about 4.5%? There’s a chance interest rates could be that high in five years time anyway. But, what you have to remember is the impact of rental increases during the next 5 years also.
Will having this push you into being a higher rate taxpayer? If so you need to factor that in. All well and good paying an interest rate of fuck all but if you are paying 40% on the income you may as well not bother and buy the property via a limited company instead.
Factor in going to the gulag one day too, you fucking leech.
I’ve just bought a BTL in my home town for 102k I’ve got to come up with 40k all in to get it bought and decorated.
A mid 20’s couple could get away with needing 7k to buy it and it’s what would have been seen as a decent starter home 20 years ago. But they don’t want it they want the big detached house with the drive and the garden and everything else.
I bought my first house 11 years ago 2 streets over as a starter house so I could pay 600 a month off the mortgage rather than 600 to a landlord because I saw that if I saved the deposit and then paid the mortgage off for 3 or 4 years I could buy somewhere nicer which is what I did. Not enough people want to do that now they’d rather spend 300/400 a month on a car because it makes them look good. I see it every single fucking day.
The housing market in the UK is shite but it’s not just landlords who are the problem no matter what Corbyn and his mates say.
£2k product fee and £100 valuation (adding it all onto the mortgage). All joking aside I won't be making anything from it all but if I end up having to pay those 4.44% rate repayments I'll be in tears. I suspect so will the rest of the market though so we can sail in the sea of tears hopefully.
Lukey boy, we are at the stage where we've secured the house and instructing solicitors. Deposit has been met and proof of funds should be fine for that. Unfortunately, I wasn't aware these cunts want the SDLT paid to them at same time. I haven't been asked for source of funds for SDLT element [yet?]. Plan is to get my bro or someone to take out a loan for it, give me it, me pay them and then I'll pay off the loan. Will they ask for source of funds for the SDLT element? Any issues if I just say bro is gifting me it?
A lot of work for a cave.
Cave network
You glorious bastard. Although how would credit cards work, can you transfer money from them to a solicitor's account?
I think we had this discussion in here previously so apologies. I'm not clued up on credit cards so was unaware you could transfer from them to a bank account.
https://www.theguardian.com/business...es-7x-mortgage
Sounds very attractive.
Sounds like a disaster waiting to happen.
I'm a twit
That’ll end well. Worked a treat here.
It's amazing that our interest rates never recovered from 2008 and we still managed to learn absolutely nothing from it.
It's amazing how relatively affordable your homes are.
#vancouver
You must ensure that you have a comprehensive building insurance policy in place from the date of exchange of contracts. If you have a policy in place at the moment, we would be grateful if you could provide us with a copy of the policy, if not we would advise you to investigate the cost and availability of insurance.
What shit is this? I presume I didn't have to do this for my gaff as it's a flat so building insurance was included? How do I best go about arranging this?
Just go to any of the comparison sites. Or if you're using a broker for your mortgage, they'll probably be able to sell you insurance too.
My broker (L&C) put me through to the usual twat who tries to sell life/income protection insurance by talking about how likely you are to get cancer tomorrow but when I asked them about this, they had no interest. Strange, woulda thought it's just another process they can easily insert themselves into for some free money.
Strange. Mine harassed me for ages with their shitty quotes that they must have been creaming a ton of commission off. I just went to a comparison website and got a cheaper one.
There's a special place in hell reserved for solicitors.
A special place with a massage chair and a deluxe coffee machine.
Has anyone had any dealings with indemnity insurance? Building regs are amiss and I'm about to cave heads in.
We sort of did buying our place. Surveys threw up a contaminated land warning (it's build on the site of a former marzipan factory / almond processing facility, of all things) and to solve the issue properly would have involved massive back and forth with the council and actually getting them to investigate / rule it out. As no one else seemed to have had this issue and the sellers seemed to know nothing about it, I think we ended up paying about £200 for some kind of 25-year indemnity policy.
Some friends of mine had to get indemnity insurance when they bought their flat as the previous owner had done something in contravention of planning permission so they are indemnified against any beef that should arise from their seller's work ever becoming an issue.
In both cases, our conveyancer provided quotes for indemnity insurance and we basically just signed and reclined.
It doesn't normally cost too much and you would expect the seller to pay for it potentially. But, for what it costs it's not normally worth falling out over. Just covers you in the future if the council come knocking and say something isn't right with whatever has been extended on the property.
The only thing you will have when it comes to selling is unless you have sorted out whatever the issue is you will also need to look at getting indemnity insurance in place on selling. It happens all the time.
Thanks Gents. I'll organise the survey and see what's thrown up. I'm guessing the issue could be anything from minor to huge?
Yep, could just be that they built it in line with the planning permission but just never bothered to get it signed off by building control. Or it could be that they didn't stick to the planning and then because of that they never got it signed off because they knew they hadn't complied.
We had our buyers solicitor kick up a fuss because we didn't have the planning permission documents for the extension built 25 years, and 4 owners ago. Our solicitor ended up getting shirty with them and phoning the buyer direct, because if the structure is more than 10 years old, it doesn't even matter if it was built illegally. There's nothing the Council can do about it.
Can you get free advice from somewhere if you are married and a first time buyer, to find out how much you can get? You can go to your bank?