Owning your own home

when they actually turn up with the right set of keys....i think you'd be a mug in london to use anyone other than purplebricks

See, this is entirely the opposite to my experience, and partly the reason why I ended up using the same local estate agent to sell years later. In 2009, me and then GF were looking to rent somewhere. Registered with a few agencies. The place we ended up renting was through this local independent who had listened to our needs and showed us the flat before it was even photographed for the marketing. A shade more than we had said we wanted to pay, but a good fit in every other respect. They're not all stinkers.

looking to step up on the ladder. shitting hell it's been a depressing half hour.

how does this usually work? take your estimated equity from your current property and use that as a bargaining chip to wangle as much payola as you can out of your mortgage provider and use that as a rough guide to determine your price renge, use said phat porfit$ when you eventually sell your current hovel as a deposit on your next property

...

buy castle in scotchland?

Sell now, wait for Brexit to tear the arse out of the market, buy detached house in Fulham?

ive heard some very bad things about purple bricks from people at work who have used them.

when you are dealing with the sort of figures that the London property market commands, as a seller, its a bit of a false economy to go cheap, imo

ive heard some very bad things about purple bricks from people at work who have used them.

What things exactly?

Bad things, very bad things. Emails.

Sell now, wait for Brexit to tear the arse out of the market

As someone making steps towards buying (not London), should I be sitting tight?

Yes! No! Maybe!

Your guess is as good as anyone else's.

When I first bought in London I had people warning me prices were unsustainable. They probably still are, but keep going up.

The worst thing you can do is buy at the top of the market and sell at the bottom. or worse, be forced to sell at the bottom. If as @Dammit suggests Brexit kills the housing market we'll have lots of other problems to worry about, like the collapse of our economy.

Otherwise, you'll be fine.

if interest rates went up significantly it would ruin the London market as borrowing huge sums of money would be untenable for most. I don't think that would happen as it would also ruin the spending power of a lot of the nation.

If inflation goes rampant we are fucked.

Depends how long you want to live there and how your requirements for space may change (kids?). If you can pay the mortgage in a variety of stress scenarios you can ride out any crash and hopefully be OK on the other side.

If inflation goes rampant we are fucked.

Unless it comes with wage inflation. That would be rad. If you've just borrowed a large sum of money.

Wage inflation. Lol.

A sweet fixie will hold it's value

If you read all the comments above it's the individual that's commented on, not the firm. A good person working for Purple Nerple is better than a tit working for Savills.

Meet your local agents, meet the Purple person, you'll soon know if you think the local person can add anything.

Some can, most can't.

Another thing to think on: If you put a Purple Bricks sign up at your house some folk will judge you as someone who does everything the cheapest way they can and will expect your house will have been maintained as such.

By not wasting money on noisy exhaust pipes.

buy now, sack off the tracker mortgage nonsense and fix it low n slow for as long as possible, hope the rate dips again when it renewal o'clock?

we're all going to be eating wallpaper glue and earning an income from cockroach races this time next year, aren't we?

One instagram like is worth £50k, right @amey ?

I'm sure he doesn't pay that much for them :P

Spending power of this country is pretty much tied into getting credit, because there's no capacity to save from your salary. Isn't it? That and credit being cheap is a problem.

I don't think people who set interest rates cared about a lot of the other places in the UK. I don't think Londons population will prove to be any more important in their decision.

You're cheery tonight!

.

I could make a definite profit from the T3