Owning your own home

Viewing a house in Walthamstow this weekend after years of saying its too far out... hmmm... can I give up living in actual London (I jest).

you may be timing a move there well. I've noticed prices have softened slightly of late. you can get a good 2 bed house with garden in central Walthamstow for 475 now. they used to be 500 plus a year ago...

if you want something slightly bigger then look in E11 - a fair enough house has come up in my road for 500 just off cann hall road. new bathroom and kitchen. was on for 550 not so long ago. it'll sell very quickly at 500 - this one http://www.rightmove.co.uk/property-for-sale/property-61770232.html

Cheers for the tip, think we are aiming for a bit higher up, St James Station way, looking at one thats been down up quite nicely Saturday.

Do it!

Should I? Place is dead nice, but soooooooooooo far from where I am now.

Just checked, 33min cycle to the crack bench, this could be doable.

Was expecting new rate for the 5yr fix to take effect from the beginning of this month. Was a shit surprise when I was on holiday to see a higher amount paid from my account on 1st Oct.

Checked the mortgage account online and it was showing the variable rate that was due once the initial 2yr expired. So it was effectively like our MA did fuck all and the inital two year fix just expired.

Cue me stressing unnecessarily about missing out on the 5yr fix and having to re-apply. Emailed the MA from our holiday AirBnB telling him to get either his or the Halifax's shit together. He said he did and that the new 5yr fix will now start in Nov at the previously agreed wait. He also said he is looking into getting the difference between this month's payment and the new rate refunded as someone has fucked up somewhere. If he does, I'll throw it back in as an overpayment.

Not an exciting story now I've typed it out, just makes me more stressed than it should when things are not nailed down when it comes to mortgage/rent/housing.

Plus side is our deal is fixed until the end of Jan 2023 so I know what we'll be paying each month right though the current planned Brexit year and the next GE and it is way less than we would be paying in rent anywhere remotely nearby.

just signed up using that link, hopefully ££ for both of us

the key consideration to look out for is extension potential. some of the houses in e11 are narrow (4 - 4.5m wide) but they go back quite a way and you can get a good sized loft conversion up there, so be sure to check that out.

Aye, think there is scope, they have already built a middle class conservatory so thats one less thing for us to do. Doubt we will get this place though, its priced pretty well and vendors are in a rush... or I just believed estate agent bullshit...

Do it. You’ll be nearer a tube station than you are currently... it’s quicker to get to central from E17 than it is from Victoria Park.

Pizza game is strong round here and you’ll be right near that massive market which mostly sells landfill from China.

We are remortgaging now. A year early on our three year fixed but it’s worth the penalty to switch early onto a good deal.
Options are:
5 year fixed - this depends on us squeaking into the 80% LTV bracket
3 year fixed - this is at 85% LTV so we could take some money out to do the kitchen (rather than a personal loan).

5 year fixed is a slightly worse rate, but it’s really not much difference on the monthly repayments.

We won’t have much of a choice if the valuation comes back lower than we expect as the 5 year rates at 85% LTV aren’t great.

Viewing booked. I'm going to billy big balls it and go over asking price. Are people still doing that? Is it still a thing? Its all imaginary money anyway...

Inflation adjusted changes in property values for the past 10 years http://www.bbc.co.uk/news/business-41582755

My area has gone up by 63%, my parents up north have dropped by 25%. The move up north, be mortgage free and retire early plan is going well.

Thats how gentrification starts ..

Nothing means anything unless you have an offer on yours so yeah go ape.

offer made on our gaff.

it's low ball to the tune of 15 grand but it's not like anyone else is kicking our door down and the market is slow af atm. take it and run or stick it out?

Unless or until? Because mine isn't even on the market just yet, nearly was but had decided to stay put until the misses saw this place and decided its her dream place...

if thats say 5% less than what you were expecting as a reflection of current market, you should lowball the next place 5% below too which will be bigger in cash value .. thats how I am justifying it.

+146% vs -11%

Norfolk next stop (well no, last stop...)

Because mine isn't even on the market just yet

lol no1s going to take you seriously

offer made on our gaff.

Is this the first offer from them? Nobody* goes in with the most they are willing to pay. So ask for more.

If they vanish - as mine did - then they weren't serious anyway, or the EA made it up, or the EA wasn't / isn't doing their job.

* in their right mind

Hmmm... best I move quick smart then.

already asked them for 10k more.

Oh. OK.

Well if you want to sell.... You can't ask them for any more, so if you think they are serious, and there's nothing else on the cards, then get on with it.

Pretty sure I went in for my max first time I bought... wasn't there to fuck spiders. Sellers accepted and we all cracked on, was in in record time.

But then, I wouldn't take much advice I give.

(Made some calls, photographer booked for my place Monday, first viewings the Sat before, I'm counting that as an offer).

Pretty sure I went in for my max first time I bought...

If it was over the asking price I guess you can be excused.