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>> | No. 8729
8729
Previously on Britfags: The Origin |
>> | No. 8730
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>>8729 |
>> | No. 8731
8731
Now is a terrible time to buy a house. Estate agents are literally worrying that they might completely sell out of houses, the market is booming so obscenely. I have £35,000 sitting around, and with my annual income of around £28,000, that means I can just about buy a house for £160,000, which was the going rate round here until about six months ago. Now every house is £180,000, so I might as well have just blown it all on crack and lottery tickets for all the help I'm going to get. |
>> | No. 8732
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Possible solutions: |
>> | No. 8735
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>>8732 |
>> | No. 8736
8736
DO NOT BUY SHARED OWNERSHIP - You would have to be a moron to do so. |
>> | No. 8737
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>>8735 |
>> | No. 8738
8738
Not sure how it's going up north, but down here in the south west somehow ALL the houses are going, I don't know where these people are getting the money as some around here have gone for 25-50k over the asking price because there's been such fierce competition. By the time a house has gone online first thing in the morning it's already got a few offers by the afternoon, some people aren't even physically viewing these properties. Seems to be a lot of people coming down from London but even then, it's absurd right now. |
>> | No. 8739
8739
>>8738 |
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>>8738 |
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>>8738 |
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>>8738 |
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>>8738 |
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>>8742 |
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>>8744 |
>> | No. 8747
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The government have just launched a mortgage guarantee scheme to increase the availability of 95% mortgages: |
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>>8746 |
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>>8747 |
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>>8747 |
>> | No. 8751
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>>8749 |
>> | No. 8752
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>>8747 |
>> | No. 8859
8859
>>8777 |
>> | No. 8872
8872
>It is cheaper to rent a property than it is to buy a home for the first time in more than six years, says Hamptons. |
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>>8872 |
>> | No. 8879
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>>8877 |
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>>8879 |
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>>8880 |
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>>8881 |
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>>8882 |
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>>8883 |
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>>8882 |
>> | No. 8901
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|
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>>8901 |
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>>8885 |
>> | No. 8904
8904
Pasted image 1625476741307.png >UK housing boom may derail post-Brexit trade dreams |
>> | No. 8905
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>>8904 |
>> | No. 8906
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>>8905 |
>> | No. 8907
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job.jpg >>8903 |
>> | No. 8908
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>>8905 |
>> | No. 8916
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>>8905 |
>> | No. 8936
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I need some help from the Britfags mandem. |
>> | No. 8937
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>>8936 |
>> | No. 8938
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>>8936 |
>> | No. 8939
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>>8937 |
>> | No. 8940
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>>8938 |
>> | No. 8941
8941
I've just applied for a mortgage in principle aaaaaaaagghhhhhh |
>> | No. 8942
8942
>>8941 |
>> | No. 9216
9216
I have had an offer accepted! Homeownership, here I come! Now I need to arrange some solicitors. Looking online, pro tip #1 is to ask people to recommend someone. Pro tip #2 is to speak to three different ones and ask for quotes. But I know there must be homeowners here. Does anyone have any special advice about solicitors? The estate agent says they can help, but they could be just recommending their shady friends like they do with mortgage advisors. |
>> | No. 9218
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>>9216 |
>> | No. 9219
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>>9216 |
>> | No. 9220
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>>9219 |
>> | No. 9236
9236
Just had a chat with the bank about an agreement in principle and apparently their systems are only giving them an affordability of about £80,000 with a 15% deposit, but even the person I was talking to seemed confused and said that it should be quite a bit higher given my income. |
>> | No. 9237
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>>9236 |
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>>9237 |
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>>9237 |
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>>9239 |
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>>9240 |
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>>9246 |
>> | No. 9248
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>>9246 |
>> | No. 9249
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>>9248 |
>> | No. 9252
9252
Today's house search annoyance is how many listings I've come across with this "Comitted Buyer Process" shite, where they try and make it sound like they're doing you a favour ("Committed Buyer is a new, innovative and pioneering process for buying and selling property" my fucking arse, jesus motherfucking christ), when they're really just asking for an extra three grand just to reserve the place, on top of the deposit and solicitor's fees and surveyors and shit you're already paying for. |
>> | No. 9253
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>>9252 |
>> | No. 9254
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>>9253 |
>> | No. 9255
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>>9252 |
>> | No. 9256
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>>9253 |
>> | No. 9560
9560
I went to the bank today to pay for my house. All my money in the world, £44,000 of it, got transferred. I have a couple of gripes. Firstly, my lawyers initially said there would be a £30 charge to let them transfer my money to the sellers. Fair enough, if it means I don't have to do it. Then, last week, they sent me The Big Bill with all their charges plus the deposit for the house, and they've bloody put the £30 on there again. That, or the prices have gone up to £60. So I was faintly peeved about that. But on top of this, I still need to transfer the money to the lawyers myself; I'm only paying them to pass it on to the sellers after they've hung onto it for a couple of days. So I had to go to the bank anyway. Worst of all, at the bank, because I was sending it to Barclays or something like that, I had to pay a £23 charge to pay the lawyers £44,060 which includes the two charges I had already paid for this exact service. |
>> | No. 9561
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>>9255 |
>> | No. 9562
9562
>>9252 |
>> | No. 9663
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|
>> | No. 9664
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>>9663 |
>> | No. 9665
9665
Ahh. Funny to read back through this thread when it contains all the posts from the beginning of my First Time Buyer Home Buying Journey. |
>> | No. 9666
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>>9665 |
>> | No. 9667
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>>9665 |
>> | No. 9668
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>>9667 |
>> | No. 9669
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>>9668 |
>> | No. 9670
9670
The UK 10 year gilt yield is now back above 4%. Unlike last October, it is likely to remain there, too. Mortgage rates will follow and we will finally have a 90s-esq house price crash. |
>> | No. 9671
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>>9670 |
>> | No. 9672
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>>9671 |
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>>9672 |
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>>9673 |
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>>9673 |
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>>9675 |
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>>9675 |
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>>9676 |
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>>9678 |
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>>9675 |
>> | No. 9681
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>>9680 |
>> | No. 9682
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>>9681 |
>> | No. 9703
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You lot aren't angry enough lately for my liking. |
>> | No. 9704
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>>9703 |
>> | No. 9705
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>>9703 |
>> | No. 9706
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>>9703 |
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>>9706 |
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>>9707 |
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>>9708 |
>> | No. 9710
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>>9709 |
>> | No. 9711
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>>9709 |
>> | No. 9712
9712
Right I bartered a property right down and the seller reluctantly accepted. |
>> | No. 9713
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>>9712 |
>> | No. 9798
9798
1500.jpg >A Tory MP said he quit his ministerial role because he could not afford to pay his mortgage on a salary of £118,300. |
>> | No. 9799
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>>9798 |
>> | No. 9800
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>>9798 |
>> | No. 9801
9801
>>9800 |
>> | No. 9802
9802
>>9801 |
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