Owning your own home

Beautiful features but £600k for a flat!? Allow.

That kitchen in the E11 place is amazing. It would be great to keep the style but modernise it.

the chimney was actually removed from the groundfloor up previously, they only removed a few courses of bricks to fit the ensuite in better. no party wall was arranged when that was done previously, so i'm not sure whether the indemnity insurance i have with the purchase of the place will cover the plod from the council who comes round or not. we shall see.

Solicitor and conveyancing are the same. Lenders arrangement fee might already include a basic valuation fee so it would then be up to you if you wanted a full survey.
Not sure what mortgage account fe relates to.

Don't forget the cost of removals, missing appliances needed on day 1 (ours had no washing machine) and buildings insurance which must be in place when you exchange.

Bear in mind insurance has a cooling off period so you can put it in place the day before you expect to exchange and cancel it if exchange doesn't take place.

By the end of the process you will not even flinch if someone pops up with a £200 fee for seemingly nothing.

Beautiful features but £600k for a flat!? Allow.

yeah, location location! :)

thanks!

oh god insurance yes i forgot to add this on spreadsheet but was keeping me up last night thinking about it. ugh.... ** bleed ***

that's probably there or there abouts for 375. i've seen recent ones a few streets away go for 385 and 400k+

its not a screaming bargain

If it went that quick it may have been at the centre of a bidding war, may have gone for more than the asking. Find out when the Land Registry figures are updated. A 3 bed nearby was up for £450 last September and went for £417

Stamp duty

glaringly obvious one is stamp duty....

have you actually read what the indemnity insurance covers you for?

you are conflating the i) purpose of the policy (which is to cover your financial losses in the event the council enforces against you for not seeking building control approval for notifiable works previoulsy undertaken at the house) against ii) the fact you havent told your neighbours you are undertaking work on the party wall in respect of the chimney and iii) the building control bloke coming round and saying the work is good, safe and complies with the regulations and signs a bit of paper to say as such.

haha yeah i'm all over that one. It's too big to not have it right under the property price....

I even worked it out propah:
=2500 + (F3-250000)*0.05

I'm writing up a step by step log of what is happening through this buy process as my friend is going through it soon.

oh and remember the policy will actually be void and worthless if you tell the council about the fact that you dont have building control approval for the works previously undertaken.

If you're looking at flats it may well already have buildings insurance as part of the whole propery. (Although depending how much of a sod the person you're buying from is they may expect you to pay for a pro-rated amount)

Excellent point thanks. I bought a house so 100% insurance for me.

That looked very good. Quite like what I bought; the naff decor and fittings put people off, but you just need to look through it. Wonder what it went for.... We shall see.

@tommmmmmm

It was the kitchen that really caught my eye - reminded me of my grandparents (though their's was an art deco pre fab house so a bit different)

@mands pretty sure that's right near @spotter not a bad location but I prefer the other side of the tracks

House builders are fucking useless. With 1 week to go before completion they can't even tell me what council tax band the property is, if there is Internet, Sky/Cable TV. Are you just supposed to turn up on day 1 and work it out?

Bedrooms are for sleep, sex, bike storage and turbo training, not television. Oh wait, need television for Computrainer, ok and television.

Virgin do multi-room installs. They added a second box to mine for nix but it was only a foot away. Seemed like they would've cabled it wherever though.

Yep. We had a letter sent to us from the council after we moved into a new build. Also, if you're moving into a block of flats, most of them are setup for Sky and not Virgin but you'll still need BT to turn on all your lines and stuff.

The really annoying thing is that BT will need to set you up regardless of which supplier you want to go with. If you don't want chose BT set up is approx £160 if you do choose them they kindly waver this (fuckers).

Tax bands took nearly 6 months for my new build.

Internet took 3 weeks (BT had to activate the line).

Sky took 1 week. Sky cables were installed in all the rooms (at extra cost to me) but they hadn't connected the cables to the shared dish.

New builds are great...

I dunno. Sky (Broadband only, they are cheapest at the moment) sent someone to install a line at our new place (not literally new, it was built in 1880) and they spent four hours connecting the house up because the existing line had been pilfered by another house. Cost us nowt.

He was £150 a day - which was LOW compared to everyone else. He was also very very excellent.

Bargain.

Taking about new build, i.e. never connected before.