apostle51
Senior Member
Joined:November 2012
Posts: 322
Location:
Likes: 67
Recent Posts
Last Online May 1, 2023 10:06:40 GMT
|
Post by apostle51 on Feb 24, 2013 9:50:39 GMT
All good advice thus far thanks, i've got the mortgage advisor around tomorow so until thats bit is sorted and i get my promise in principle i can then start lookin around with a bit more confidence. Im not too worried about that, im on a good wage and have no credit issues. The one thing that concerns me really is any up front costs like conveyancing fee's. i have done a brief moneysupermarket search and from the results seems the basic cost minus any stamp duty is about £500 -£650 which is fine. We're not looking for anything top market , something around the £150,000 mark for a 3 bedroom semi ideally and although ive got a 10% deposit i really wanna keep the upfront costs to a minimum. Like the homebuyers survey, how much is that likely to cost? I know the lender will do a valuation survey and that will be around £100 if its not included in the mortgage. The other thing is we're not planning on moving to far from the place we rent at the moment, i know that will restrict our options a bit but the wife doesnt drive and we dont really want to move the kids from the schools they're in now. I guess the good thing is atm is that its a buyers market, i've seen a lot of homes on the search sites that have been on the market for 6 months plus, so hopefully i have bargaining power on my side
|
|
Jen
Super Member
Purple Posse Bossette
A bit of a chaise longue
Joined:February 2013
Posts: 2,798
Location:
Likes: 1,895
Recent Posts
Last Online Aug 1, 2016 10:50:18 GMT
|
Post by Jen on Feb 24, 2013 11:05:20 GMT
Bear in mind, you get what you pay for. Ours was double that. All in all, we paid about £1,500 fees excluding stamp duty to our solicitors. They also charge you a 'leasehold fee' if it's leasehold, and I wouldn't be surprised if they charged a 'freehold fee' if it's freehold, too. Then there's the cost for all the searches, money laundering checks and so on. Our structural survey (highly recommended) was £300 from Miller Metcalfe, but you can pay anything up to £1k for one. Our bank's valuation survey was £400!! We thought that, but it's simply not true in most cases, unfortunately. Those houses are still on the market because the vendors have unrealistic ideas about what their house in currently worth and are too stubborn to shift on it. They're stuck waiting for that one buyer to fall in love and pay the 2006 price for it. Realistically priced houses still shift quickly, in my experience. So if you spot something you like, make a realistic offer on it and stick to your guns. Most houses apparently go for around 11% under the asking price, so that's a good rule of thumb
|
|
Yorkshireman
Super Member
Joined:December 2012
Posts: 748
Location:
Likes: 185
Recent Posts
Last Online Nov 11, 2014 17:22:07 GMT
|
Post by Yorkshireman on Feb 24, 2013 11:38:32 GMT
If it is a new home do NOT buy Wimpey,too many bad experiences with them and not the only one.When you look round a showhome beware the furniture is purposely small to make the rooms look bigger and check what does and does not come with it,they charge a lot of money for things such as extra sockets,aerials,ovens,cookers,lights,etc etc.
|
|
Jen
Super Member
Purple Posse Bossette
A bit of a chaise longue
Joined:February 2013
Posts: 2,798
Location:
Likes: 1,895
Recent Posts
Last Online Aug 1, 2016 10:50:18 GMT
|
Post by Jen on Feb 24, 2013 11:42:07 GMT
If it is a new home do NOT buy Wimpey,too many bad experiences with them and not the only one.When you look round a showhome beware the furniture is purposely small to make the rooms look bigger and check what does and does not come with it,they charge a lot of money for things such as extra sockets,aerials,ovens,cookers,lights,etc etc. +1 on new homes. Having worked for one such house builder, I know first-hand the shortcuts they take. All the fixtures and fittings are the cheapest they can possibly source, some of the workmanship is just terrible, and aftercare can drag on for ages. There's a lot to be said for houses that have had time to bed down and mature and have had someone else fix all the nail pops, plaster cracks and creaks!
|
|
apostle51
Senior Member
Joined:November 2012
Posts: 322
Location:
Likes: 67
Recent Posts
Last Online May 1, 2023 10:06:40 GMT
|
Post by apostle51 on Feb 24, 2013 14:33:14 GMT
oh no , have no interest in new builds, especially as most around here are lie rabbit hutches. Looked at a house the other day that was built in 1995 and that was tiny for a 3 bedroom.
|
|
farzooks
Super Member
Joined:February 2012
Posts: 881
Location:
Likes: 307
Recent Posts
Last Online Apr 25, 2013 22:24:42 GMT
|
Post by farzooks on Feb 24, 2013 20:17:28 GMT
Ditto that on the new-builds. While not a builder, I've been up more new-build attics in the past decade than I can remember and I'm not impressed by the drop in quality that became normal even on higher-end houses. Where there used to be 12mm plasterboard, you'll find 10mm, where the roof trusses were 16" apart, now they're more like 2ft, and made of relatively thin timber. Copper pipe that's thinner than it used to be, plastic pipe used instead and the cheapest at that (some plastic pipe is good quality, not the stuff I saw) - corners cut at every opportunity and houses slung up by ignorant turds who really didn't give a stuff about the quality of their workmanship.
|
|
Bluefish
Super Member
Ninja Master
Joined:April 2012
Posts: 6,864
Location:
Likes: 3,211
Recent Posts
Last Online May 3, 2018 21:58:10 GMT
|
Post by Bluefish on Feb 24, 2013 21:13:36 GMT
Agree new builds are the worst houses ever, was in one last week and owners wife was upstairs, jesus, you should have heard the creaking, you would of thought there literally was an elephant up there, there wasn't, well not that i saw anyhow, it may have hid in the fridge though.
|
|