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• #36652
This is why sinking funds exist, I suppose. Any way you can introduce that concept and accumulate funds to do the job properly in the next 5 years or so?
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• #36653
Looking at the pricing history of this place, and that no one else is looking at it this weekend, what do we think that says about the current price?
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• #36654
So... anyone recommend a solicitor and surveyor in North London for purchasing freehold?
My house costs are going to wipe me out... but it's all good, all that will be done in the next 6 months will buy 20-30 years of peace of mind.
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• #36655
what do we think that says about the current price?
Massively over-optimistic... but also been on the market 18 months so sellers are not motivated to sell so may have emotional attachment and not really want to sell.
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• #36656
Currently in the process of purchasing freehold on my flat. I wouldn't recommend the surveyor we used (in north london) but I would recommend the solicitor we are using (and was recommended to me on here), thou he's not in North London.
I was recommended Mari Knowles by @BleakRefs but she was unavailable so passed me onto Matt Hollamby, who's been super helpful and very prompt. https://www.commonholdandleaseholdexperts.co.uk/experts
Is the loft included in your lease demise? If not, the development value could add alot to the freehold purchase even if the ground rent is 0.
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• #36657
Is the loft included in your lease demise? If not, the development value could add alot to the freehold purchase even if the ground rent is 0.
It is not... it's just listed as communal joists and roof. Both the upstairs and downstairs flats would have an easier path to extension but neither of us plan to right now.
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• #36658
AFAIK, the freehold wouldn't be sold without the loft, so the freeholder will want the development value for it, regardless of whether the leaseholders want to add it to their lease or not.
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• #36659
You're thinking of doing a loft conversion in the future?
All or most of the roof will probably come off anyway during a conversion so it's a good time to replace it. If you're likely to do it soonish, I probably wouldn't replace the whole roof now only to take it off again then.
Obviously this depends on the correct value of "soonish" and whether the battens etc. are likely to survive that long with just patch repairs on top.
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• #36660
You're thinking of doing a loft conversion in the future?
A while ago I thought I had a choice: loft or kitchen. I don't need the loft, and the kitchen turned out to be a fire risk due to bad electrics and boiler... so kitchen won and now I've no intent to do loft ever.
The roof though, needs impending work in the "large job but temporary" nature or "full re-tiling"... I don't have funds to do a conversion so can't consider it... and once the roof is done it's going to be off the table for good as there will be no funds.
Some battens are already broken, hence this not being a minor patch up.
And I'm mortgaged too high to obtain a second mortgage to cover works... so ho hum. A roof will go on credit card, which I can just about manage.
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• #36661
Isn’t it a bet on the government’s Green Belt policy, ultimately? Seems ripe for a fairly high density Barratt estate.
Hard to tell from the map whether the motorway is close enough to be bothersome.
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• #36662
Had a look and it's hard to tell. There are some triangular shaped jobbas over the top which I'd assume are cowls but whether there are caps as well I can't really tell.
@Brommers I suspect those are both possibilities as well. I was thinking the capping was more likely as the damp appears to start at ground level whereas if it was leaking through I'd expect to see damp upstairs too.
Need to try and work out the easiest way to find out.
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• #36663
Anna Favre at Cripps Pemberton Greenish knows her stuff, as do her team. Not cheap, but we tried cheap before and had to sack them as they were so bad. We used Michael Lee to do our valuation and he was excellent.
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• #36664
It says to me that no-one who wants to live in semi-isolation also wants to be in the middle of a terrace of three and pay 7-800k for the privilege.
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• #36665
The owners of the place we're buying want to exchange ASAP so they can reunite in their new country. The estate agent is seemingly suggesting they want us to exchange on the house, before our buyer and us exchange on our flat sale.
Is this even possible? It seems very unadvisable from my perspective and carries huge risk.
Our buyer is stuck waiting on searches and with slow solicitors and our sellers want to exchange.. end of next week latest. -
• #36666
For context my roof breakdown costs were:
Scaffolding £1,450 (3 storeys)
Replacing the 2 roof elevations £6,300 (8.5m x 4.3m & 3m x 1.7m & Bay Window)
Coating the flat roof £500 (3m x 3m)
30 new coping stones and lead flashing £740
Guttering and fascia boards £460
Loft insulation Rockwool and insulation boarding £1,000
Changing of a joist on lower roof £1,000Total £10,950
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• #36667
who wouldn't want to be the 'unique and quirky' patty in a terraced middle of nowhere burger
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• #36668
Possible to do. But deeply, deeply unwise.
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• #36669
Er no
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• #36670
Thought so, will tell them to do one.
The email was with the new memo of sale confirming the new agreed price, and stating 'exchange this week, or latest w/c 12th' - even though they spoke to our estate agents who told them the searches weren't back yet.
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• #36671
For context my roof breakdown costs were
I'll take two.
Would you recommend your roofer? Are they good for Crouch End work?
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• #36672
Send me a PM. I have roofer reccos.
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• #36673
It's possible if you have loads of spare money and would and could still happily buy the new place even if your old place didn't sell.
Otherwise it's a terrible idea.
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• #36674
It says to me that no-one who wants to live in semi-isolation also wants to be in the middle of a terrace of three and pay 7-800k for the privilege.
That's demonstrably true due to it still being for sale. I'd put up with neighbours at the right price though, and pending an examination of the lease situation.
600k? 650?
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• #36675
I 100% agree that the money they want at the moment means (in that area) detached:
1 Attachment
Best in mind that you can amend anything in the lease when you buy the freehold, but you won't be able to do that without the agreement of the other freeholders.