Owning your own home

Fuck off you silly cunt ?

Did I do that right?

Feels a bit 2009 internet’s friendliest forum to me.

Rogan’s a grown man, he can take a spirited appraisal. Abuse? Don’t be a joker.

Moans about perceived abuse and immediately follows up with abuse. Class.

The pure fact that you think your average London dwelling 30 year old can /should pull £30k out their arse to over pay for a house in times like these says it all. That’s a years salary for a lot of people, it’s more than a years salary for a lot of people. Living in London (or anywhere in the UK that isn’t a complete shithole) with the cost of living involved, where do you suggest Rogan rustles it up from, his wealthy uncle?

Maybe he should take out a loan to cover it? (Not actually permitted by mortgage lenders) Just what everyone that’s about to buy a house needs, some more debt. Or maybe he should setup a gofundme? Would you be chipping in?

Opening a reply with “to be blunt, fuck off, no” reads like grade A cunt.

As suggested above, wind your neck in. Maybe others perceive you to be less the oracle that you’re convinced you are, more some pompous privileged idiot.

Are we having a good time yet?

It's just what businesses which normally sell to other businesses do isn't it? If most customers don't need to pay vat most places do that.

I get that for a printed price list or a website but if you are preparing a quote for a specific job why wouldn't you also add VAT or not as appropriate? You will be pricing in all sorts of other specific to the job things.

The Dusty Knuckle Dalston flat white price on the board used to be ex VAT.

The pure fact that you think your average London dwelling 30 year old can /should pull £30k out their arse to over pay for a house

Yeah that looks unrealistic but consider that there are two of them and they are after a £600k house. I don't know if Rogan's circumstances are average.

I don't think it's beyond the realms of possibility that the seller might think wait, they could just get the money, right? And then they get the memo from the ea saying the offer is reduced by £30k and they might think, I guess they just don't want the house. Which might mean it goes straight back on the market without a counter or negotiation.

For the record, I don't think they must do it or are expected to do it, just that if they don't look like they could do it or go some way to cover it, they probably won't get the house. Maybe they don't care.

Sorry if that's pompous or me trying to be an oracle.

where do you suggest Rogan rustles it up from

The seller might ask what I did - people who are after a £600k house could be expected to have investments or other savings they could draw on. It's not beyond possibility. But like I said if it turns out that it would result in a shit load of financial stress then they shouldn't do it.

Opening a reply with “to be blunt, fuck off, no” reads like grade A cunt.

Hah, and I was only going for c grade wanker. This was a reaction to the notion of somehow playing 'hardball'. There is no hardball if you don't have anything to give or negotiate with.

Are we having a good time yet?

I've had better mornings. Maybe put me on ignore?

I don't want to get into the whole argument about being a cunt thing but I don't agree with your take on this from a property perspective. Sorry if this makes your morning worse. On the plus side, Trump has Covid!

people who are after a £600k house could be expected to have investments or other savings they could draw on.

A £600k house in London these days is just a house. Often not a very fancy one. The fact it costs £600k is symptomatic of a housing market which has failed many people due to lack of supply, speculation and other factors which drive these bonkers prices. Given the bonkers prices, many people are going balls deep financially to buy a small house, something which doesn't seem unreasonable or excessive. Traditionally when buying their first actual house people tend to be going full gas financially already, then will slowly become more financially secure again over time.

There is no hardball if you don't have anything to give or negotiate with.

The 'downvalueing' (or whatever @rogan called it, I don't know what the official term is) presents a fantastic negotiating opportunity! The bank or building society has paid a surveyor to value the house you want to buy, and they're saying it's not worth what you're offering. I can think of few better negotiating opportunities to be honest. One of the wonderful things about this situation is you get to blame someone else. It's not you who wants to low ball them, it's that pesky surveyor. It's a classic negotiating tactic - blaming it on the other.

All that said, I do think these 'downvaluations' are another symptom of a broken system: surveyors tend to be behind the curve on real world values, which is pretty ironic given that's what they're paid to do...

It happens every time there's an escalation in the market, particularly in property hotspots. It was happening a lot when we bought in Clapton in 2012 and since then - when surveyors and buyers and sellers were quibbling over relatively small amounts of money - prices have doubled.

See if you had just put it like that to start with it might have been better received by all.

Ignoring ignorance, not for me. Ta.

There's still time.

Jolly good. I was part trolling, part really hoping you'd already got it covered ;)

70mm - gosh that's a lot of sag. As others have said it looks like you're doing a great job with it, your progress has been pretty rapid really. All with dealing with EWS1 shit and job hunting at the same time - that's a lot of crap to deal with.

70mm - gosh that's a lot of sag.

Middle age thread >>>>>>>>>>

The bank or building society has paid a surveyor to value the house you want to buy, and they're saying it's not worth what you're offering

I read rogans post as meaning the house they are selling was downvalued, not the one they want to buy.

I didn't realise I was being a cunt.
It's easy to upset people at the moment.

It doesn't matter if £600k is "just a house" in London. It's still a fuck load of money. If you're stretching to afford it now, it's probably not a good place to be in. I know we all stretch to get in/on to the "LADDER". But, maybe the house isn't worth the money?
And passing your woes on to the seller is not the way to go here.

It's like saying
"I'll come and pick these wheels up, but you need to knock the price of my travel to and from you off the sale price"

(on a very simplistic level)

that reminds me - you owe me a fiver for transporting your dorkcube from herne hill the 'nham.

are you any good at it?

Oh shit i do. Come and collect it. We're not ill.

It's been lost in the house. A child took it somewhere.

Or are we ill?

i'm still haunted by the memory of @mashton standing in from of me and doing it one handed whilst staring me straight in the eye...

he's pretty good at solving rubik's cubes as well etc.

Mortgage valuation was done this morning on our purchase. The anxious wait is anxious.

I'm assume the valuation of our current place was a drive by as our buyer has apparently got their mortgage offer and no one's been round with a clipboard, yet.

Edit, wrong thread

Thanks. The EWS1 thing has been the hardest to deal with. Having the flat worth zero overnight is such a nightmare.

All my capital tied up in there is now stuck, and at risk of significant depreciation - if I lose it I could go backwards a decade. The spectre of a large reparation bill is also fucking with my sleep. The average cost for leaseholders for bringing buildings to to spec is estimated at £33k - we've already been sent the section 20 for this.

Keeping the new house on track has in some ways saved me from the awfulness of my current situation. I'm privileged in the fact I have options, because I had cash. It must be unbearable for those sailing closer to the wind

Any ideas of a rough cost of a full house rewire? 5 bed end of terrace. Two bedrooms and the kitchen are recent additions so maybe not needed. But other rooms will need done plus new CU and a few extra sockets. Croydon area.

4 bed, mid terrace (in Edinburgh so not entirely useful) full rewire was £6283. It was 12 days of work and we moved out of the house.

And it was £1500 cheaper than the next quote

Cheers!

Mine was £4,500 for a 4 bed terrace in SE27. That was everything but not the sockets and switches which I will buy myself..

1st fix was pretty chunky on my place as there were formally two consumer units with weird circuit configs so there was a lot of lulling up floorboards and rilling through walls to make it for for the next 50 years. We quadrupled the amount of sockets in the house and organised the all the light switches in the hall/landings to be controllable from the floor and the adjacent floors.

Again, ta. Both roughly in the ball park of stuff I had read elsewhere. Reassuring.

Someone on our road has gone under offer without even putting a sign up, I reckon the agents had someone lined up.

£700k for a 2 bed house in West Norwood

Madness.