Owning your own home

How is the housing market going to avoid coming off the rails if this is right ?

I mean, the population is still growing…. Maybe in some places where stuff is really overvalued you might see big changes but I reckon what we will see in London is an adjustment back to 2019 prices, which will be pretty welcome.

Which bit of London? Could you share details?

Well overdue, the housing market has becoming overinflated and insane in a lot of places

The knives out undercurrent in this thread for anyone who had the temerity to buy their first property after ~2016 is a bit unpleasant at times. An 'overdue' correction to the housing market would be exceptionally difficult for a lot of people who did nothing wrong other than not being old/well off enough to buy a house ten years earlier.

Yep, there's a lot of 'nevermind who gets fucked over because it won't be me' on here.

I'll share once he's done the work for us. Been burned on a premature recommendation before...

(SW15)

But it would benefit anyone who isnt't well off enough to buy their house yet...
Someone is going to win and someone is going to lose.

(But I understand your point).

The average house price in the UK has jumped 24% since 2020. Fuelled by people on London wages fleeing the city during COVID.

Morning folks. Has anyone ever bought intumescent fireproof paint for exposed internal structural steel? Every website states that its product conforms to some different element of building regs and it seems to be a bit of a minefield!

I just want to buy a paint that is available in a good range of RAL colours and conforms with building regs for a normal house with a ground and first floor!

If you have any experience, could you share the product you bought?

Thanks

Yeah agree with this.

We'll have to knock a two ton bag off the amount owing to only have a slightly higher repayment than currently

You've got some exposed steel beams in your house? Send us the link to the grand designs episode

I genuinely don’t think there will be much of a difference in London prices, growth will cool but there’s no way prices will actually come down. There are too many Teflon high earners, cash and international buyers.

They are shit. Go on like cottage cheese. If the steel company can do a spray factory finish and it’s smooth go with that. I’ve never seen it colour matched but it can be over coated in whatever colour you like, subject to manufacturers spec.

Too late for that unfortunately. They are already in.

@Sumo can't mate. I'm NDA'ed up! Oh and Kevin is DL a very threatening person.

@Sumo can't mate. I'm NDA'ed up! Oh and Kevin is DL a very threatening person.

Is your partner pregnant again yet?
Have things "not necessarily gone to plan"?
Have you kept it down to something reasonable like only going 40% over budget?
</grand_designs_tropes>

I dont even think it is that, the houses have become over inflated by EA etc and then on top of that you've got daft people find an extra 50k and paying that over asking. They have put themselves in this potential negative equity situation.

Like everything its only worth what someone is willing to pay for it but too many people dont realise that even though they paid X doesnt mean its worth the X they paid.

And last off too many people have think "forever house" nonsense in there head now, nothing really is forever.

Absolutely fair point - just the dangers of discussing complicated and emotive issues in broad terms I suppose.

Well I just hope you're trying to do everything yourself and it inevitably takes a year longer than planned and twice the budget

I want to know how he can afford the renovation given his profession of artisanal chipstick baker.

Surely it's a much better idea to employ a project manager (actually a builder, but rexkins there's not much to managing a project), and then constantly shift the requirements without anyone rebasing the plan with new costs and times, and then act all surprised-as-fuck when you run out of money and all the has been done is big, wet, hole in the ground surrounded by terrazzo, LEDs and aforementioned steel beams.

Fuelled by people on London wages fleeing the city during COVID.

Nah, it's fuelled by the pent up demand from 2020 and the practically free borrowing that's been going on for ten years and that stupid, stupid stamp duty holiday nonsense. The same shit that's driving up the prices of everything.

Suspect

Some folks moved out of london
A great deal more folks moved out of flats, small houses all over the country

I'd like a link to something authoritative on this (so yeah, a guardian link ) < --- I jk.

We're finally buying our first place (!), and should complete at the end of the month, but the neighbour has just submitted a party wall notice and I wouldn't mind a little bit of forum advice if anyone can help?

1860's terraced house, solid party wall, and they're doing a full-width extension up against ours (the arrow points to our bathroom to be).

In their plans it doesn't look like they're adding an additional wall to have a cavity between the party wall and their internal, just insulating the solid wall.

Is this normal? I always thought building regs required cavity walls between these days.

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If they submit a notice, you have right to get a Party Wall Surveyor and they have to pay.
Do so, ask Surveyor important questions, problem solved.

Check their plans, I am sure they must be adding a proper structural wall to hold top the roof?

Plans are here!
I don't mind asking a surveyor, but since we'll be doing something similar in a year or two it'd be nice to just say yes, hopefully making the same process in the opposite direction equally as pleasant.

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