Houses

[newfox1]

Hi all. Well, been snooping around Braunstone and two decent places came up, both sold in a few days. 

 

Interested in another property and seller said that they received so many calls , had to be taken off the market on the same day. They deliberately set a lower price to attract the initial interest and had about 25 viewers over the weekend.

 All around the 220-230k price range. No reduction in demand here , :-(

 

 

[Steve_Walsh5]

45 minutes ago, newfox1 said:

 Hi all. Well, been snooping around Braunstone and two decent places came up, both sold in a few days. 

 

Interested in another property and seller said that they received so many calls , had to be taken off the market on the same day. They deliberately set a lower price to attract the initial interest and had about 25 viewers over the weekend.

 All around the 220-230k price range. No reduction in demand here , :-(

 

 

Have you looked at the Glenfield area, few houses reasonably priced round there nice village and good schools. 

[newfox1]

On 17/01/2021 at 23:23, Steve_Walsh5 said:

Have you looked at the Glenfield area, few houses reasonably priced round there nice village and good schools. 

I'll consider it if there's a half decent place. I feel that I've missed out as I was ready to buy around Jan-March '20 last year, @ around the 220k mark but they've all been pushed up by 10-20k now so need to fork out more money that I wasn't planning on getting.. Checking Right move several times, hoping for the right one is also depressing!

[Leicester_Loyal]

Nothing coming up in Syston, got a feeling I'll eventually have to compromise and move elsewhere or just pay more money. If prices just stagnate for 6-9 months then I could massively jump ahead of the game.

[Webbo]

1 minute ago, Leicester_Loyal said:

Nothing coming up in Syston, got a feeling I'll eventually have to compromise and move elsewhere or just pay more money. If prices just stagnate for 6-9 months then I could massively jump ahead of the game.

One of my daughters is looking in Syston, not much that you'd want going at the minute.

[Leicester_Loyal]

1 minute ago, Webbo said:

One of my daughters is looking in Syston, not much that you'd want going at the minute.

Tell her Hamilton is much nicer, look there

 

3 beds, a driveway and a garage is my criteria, hardly any going unless you're spending 275k+. Too much for me as a single lad though that is.

[Webbo]

1 minute ago, Leicester_Loyal said:

Tell her Hamilton is much nicer, look there

 

3 beds, a driveway and a garage is my criteria, hardly any going unless you're spending 275k+. Too much for me as a single lad though that is.

It'd be a starter home for her. Anything half decent gets snapped up by landlords straight the way.

[Strokes]

5 minutes ago, Leicester_Loyal said:

Nothing coming up in Syston, got a feeling I'll eventually have to compromise and move elsewhere or just pay more money. If prices just stagnate for 6-9 months then I could massively jump ahead of the game.

Sileby is 5 minutes on the train from Syston and house prices are decent. Might be worth considering, I lived there for five years and it was ok.

[Webbo]

1 minute ago, Strokes said:

Sileby is 5 minutes on the train from Syston and house prices are decent. Might be worth considering, I lived there for five years and it was ok.

Yeah, but "Sileby"?

[Leicester_Loyal]

1 minute ago, Webbo said:

It'd be a starter home for her. Anything half decent gets snapped up by landlords straight the way.

Starter home for me too, I'm never moving again it's been exhausting

 

1 minute ago, Strokes said:

Sileby is 5 minutes on the train from Syston and house prices are decent. Might be worth considering, I lived there for five years and it was ok.

Have looked there occasionally, as well as LFE and Glenfield. My big plus point was the train station in Syston, so Sileby has the same. Thurmaston is alright but it's more aimed towards older people IMO.

[newfox1]

I got in touch with an EA about a property for sale on their books for about 7 weeks in Wigston.

 

Agent  said landlord that owns the place is not accepting anything below asking. Next day, they reduce it and a few other homes too they have advertised. No wonder they've such a bad reputation. Blatantly lying and saying great deal of interest in the place, blah blah. 

[JonnyBoy]

On 21/01/2021 at 20:08, Leicester_Loyal said:

Nothing coming up in Syston, got a feeling I'll eventually have to compromise and move elsewhere or just pay more money. If prices just stagnate for 6-9 months then I could massively jump ahead of the game.

 

tried Sileby? few around on rightmove and good transport links and decent community

[JonnyBoy]

On 21/01/2021 at 20:19, Leicester_Loyal said:

Starter home for me too, I'm never moving again it's been exhausting

 

Have looked there occasionally, as well as LFE and Glenfield. My big plus point was the train station in Syston, so Sileby has the same. Thurmaston is alright but it's more aimed towards older people IMO.

 

don't want to come across nosy but if you are buying on your own why do you want 3 bedrooms? would it be worth looking at a nicer area i.e barrow and look for a nice 2 bed terrace or 2 bed with a drive? 

[Leicester_Loyal]

13 minutes ago, JonnyBoy said:

 

don't want to come across nosy but if you are buying on your own why do you want 3 bedrooms? would it be worth looking at a nicer area i.e barrow and look for a nice 2 bed terrace or 2 bed with a drive? 

No offence taken mate.

 

I was originally looking for 2, but the whole process has been a nightmare and I'll hopefully find a decent lady and have a family within the next 5 or so years. What I don't wanna do is buy a 2 bed house to then have to move again in 5 years, but equally I might never have the need for the extra room, it's a risk I had to weigh up. The 3rd bedroom will basically just get a gaming pc and chair plonked in it, a virgins paradise

[JonnyBoy]

2 minutes ago, Leicester_Loyal said:

No offence taken mate.

 

I was originally looking for 2, but the whole process has been a nightmare and I'll hopefully find a decent lady and have a family within the next 5 or so years. What I don't wanna do is buy a 2 bed house to then have to move again in 5 years, but equally I might never have the need for the extra room, it's a risk I had to weigh up. The 3rd bedroom will basically just get a gaming pc and chair plonked in it, a virgins paradise

 

Yea i get your thinking, especially if you are planning to do bits to the house. Im looking at the minute, i say looking i'm browsing right move i haven't met with a mortgage advisor yet as i'm waiting to see what my P60 looks like in April (my job is base + commission) so will probably get the ball rolling in March and hopefully see house prices stabilise or go down dependant if there is a SD extension. 

 

Not a lot out there at the minute is there, my ideal would be a 2 bed terrace in Quorn but they are going for about 230. Not even sure how much i will be able to borrow yet !

[Trumpet]

I’m hoping this is the right place for this one. We bought our first home in March last year and I’ve been thinking of converting the loft. It’s currently a 3 bedroom house, but the bathroom is small and dated with a shower over the bath and what I’d really like is a bath and a separate walk-in shower.

 

My thinking is I convert the loft into a bedroom with a large en suite which will give me the walk-in shower. I’ve not got a clear idea of how much a loft conversion would be, but I know they can get quite pricey so I’ve got a rough estimate of £20k (probably grossly out) which I’m comfortable with because 4 bedroom houses on our estate currently sell for about £70k more than ours so it should or could be an investment.

 

I’m just concerned that in about 14 months time it’ll be time to speak to the bank at the end of our 2 year fixed mortgage term and would like to get a good interest rate again. I’d like to have a good chunk of the home improvement loan paid off by then, but is it likely to effect getting a good rate? I’m not sure what kind of or if any credit checks are done at this point.

 

 

[Costock_Fox]

3 hours ago, Trumpet said:

I’m hoping this is the right place for this one. We bought our first home in March last year and I’ve been thinking of converting the loft. It’s currently a 3 bedroom house, but the bathroom is small and dated with a shower over the bath and what I’d really like is a bath and a separate walk-in shower.

 

My thinking is I convert the loft into a bedroom with a large en suite which will give me the walk-in shower. I’ve not got a clear idea of how much a loft conversion would be, but I know they can get quite pricey so I’ve got a rough estimate of £20k (probably grossly out) which I’m comfortable with because 4 bedroom houses on our estate currently sell for about £70k more than ours so it should or could be an investment.

 

I’m just concerned that in about 14 months time it’ll be time to speak to the bank at the end of our 2 year fixed mortgage term and would like to get a good interest rate again. I’d like to have a good chunk of the home improvement loan paid off by then, but is it likely to effect getting a good rate? I’m not sure what kind of or if any credit checks are done at this point.

 

 

Would depend on the LTV as to what interest rate you would get to be honest.

 

When you say about paying off the home improvement loan, do you mean unsecured loan? If you do then the monthly repayment will be factored into affordability if it’s still active so the remaining term wouldn’t come into it unless you have less than 6 months left really.

 

I might have misunderstood your question.

[Trumpet]

11 minutes ago, Costock_Fox said:

Would depend on the LTV as to what interest rate you would get to be honest.

 

When you say about paying off the home improvement loan, do you mean unsecured loan? If you do then the monthly repayment will be factored into affordability if it’s still active so the remaining term wouldn’t come into it unless you have less than 6 months left really.

 

I might have misunderstood your question.

My thinking was if I paid most of the loan off, my credit rating would be better so a better rate. I suppose my question should be, when negotiating a rate after a fixed term, does my credit rating come into play?

 

Since earlier we’ve decided to save up, renegotiate a fixed rate and then look to make improvements with much less of a loan for the improvements. 
 

 

[Costock_Fox]

8 minutes ago, Trumpet said:

My thinking was if I paid most of the loan off, my credit rating would be better so a better rate. I suppose my question should be, when negotiating a rate after a fixed term, does my credit rating come into play?

 

Since earlier we’ve decided to save up, renegotiate a fixed rate and then look to make improvements with much less of a loan for the improvements. 
 

 

It would only really come into it if you had a bad credit rating and had to go to a specialist lender.

[newfox1]

Although you don't need to, would you get the council approved loft one so your home is recognised as a 4 bed proper? Or not and your home be seen as a 3 bed plus a loft? 

[Costock_Fox]

7 minutes ago, newfox1 said:

Although you don't need to, would you get the council approved loft one so your home is recognised as a 4 bed proper? Or not and your home be seen as a 3 bed plus a loft? 

He will I think yeah.

[Trumpet]

30 minutes ago, Costock_Fox said:

It would only really come into it if you had a bad credit rating and had to go to a specialist lender.

Should be fine then, my credit ratings good I’m just really paranoid of taking out credit that may affect it .

 

20 minutes ago, newfox1 said:

Although you don't need to, would you get the council approved loft one so your home is recognised as a 4 bed proper? Or not and your home be seen as a 3 bed plus a loft? 

I’d want to turn it into a 4 bed house. Must admit, I’ve not looked into it too much at the moment, but there’s plenty to consider.

 

[Nod.E]

Last time posting here it was about offering over asking.

 

Since then, our non-proceedable over-asking offer was rejected, the other buyer dropped out, we had an offer on our flat and finally had our asking price offer accepted!

 

Absolutely buzzing. No chance we get moved in before the end of March but it'd be nice if they extended for sales in progress to avoid chains falling apart. We have an open ended chain so no worries in that regard (our buyer isn't holding out for it), but it'd be nice to save a bit of cash for the renovations.

 

I'm a mix of excited and daunted at the renovation job I've just taken on.

[me_plus_one]

I have seen properties come up on right move, added the same day, but then they say sold almost straight away, what's going on here, is someone is trying to pull a fast one?

It's annoying when looking at a prospective purchase, like on bullseye, look what you could have won.

[newfox1]

34 minutes ago, me_plus_one said:

I have seen properties come up on right move, added the same day, but then they say sold almost straight away, what's going on here, is someone is trying to pull a fast one?

It's annoying when looking at a prospective purchase, like on bullseye, look what you could have won.

Either EAs call up people on their books, investors BTL, and just put it up officially on RM once sold. 

 

This and a million other reasons EAs have a terrible reputation, lying being one of them. But they think due to this artificial mini-boom, they have buyers by the balls.

 

Hope the irrational house price increase is over soon if the stamp duty ends/furlough ends and we can see straight .

 

Surely, homes sold now won't make it in time for the stamp duty break and if buyers pull out, could possibly see better deals out there/chains collapsing etc..

 

It's criminal how those that make decisions pretty much had free education, benefits, health , decent house prices and now want to take it away from the next generation. Sorry for the moan.