Crusczoe
A lover, not a fighter. Well, not a lover either.
Posts: 2589
  
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posted 21-07-2009 20:41
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Fucking scary, isn't it?
Putting an offer in tomorrow. I feel out of my depth.
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posted 21-07-2009 20:48
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Word. I'm in the middle of it right now, just got my mortgage confirmation through the post. It's a great place,but I'm totally terrified of doing this.
Where about are you buying?
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Crusczoe
A lover, not a fighter. Well, not a lover either.
Posts: 2589
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posted 21-07-2009 20:50
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Assuming - with no grounds at all, since we haven't even made the offer yet - it all goes through, Tooting.
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posted 21-07-2009 20:54
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There was a stage where I had a headache every day for at least a week after I'd made an offer and had put down a couple of deposits.
Good luck, Crusoe.
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Crusczoe
A lover, not a fighter. Well, not a lover either.
Posts: 2589
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posted 21-07-2009 20:55
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Cheers. To be fair my wife's put in 99% of the effort and I'm just getting involved now. Still hate it though.
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posted 21-07-2009 20:55
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Pfft! Me too! Tooting Bec. What about you?
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Last Edit: 21-07-2009 21:21 By Workingstiff.
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Crusczoe
A lover, not a fighter. Well, not a lover either.
Posts: 2589
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posted 21-07-2009 21:06
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Heh. About 500m away, round the corner (more or less). Keeping it quiet for the moment as there's a couple of other, er, couples interested in the same place.
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posted 21-07-2009 21:20
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Sound, good luck. I'm going to edit the street name out of my post, as I realised I just posted where I'm moving to on the interweb. Probably pretty stupid.
What's the flat like?
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Crusczoe
A lover, not a fighter. Well, not a lover either.
Posts: 2589
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posted 21-07-2009 21:28
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Small terraced house. Bit poky but not a fixer-upper (no inclination to DIY on my part). You?
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posted 21-07-2009 21:42
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Ground floor maisonette - bit bigger than we thought we'd be able to get, wee garden at the back. Nice place, really hoping it all works out.
How long have you been looking man? We looked for about 4/5 months, but it felt like a lot longer. Fun for about a week, then just like having another full time job, that sucked.
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Crusczoe
A lover, not a fighter. Well, not a lover either.
Posts: 2589
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posted 21-07-2009 21:56
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We've been looking in earnest about six weeks, but browsing places online for months before that. I know what you mean about the job - full day at work, then either viewings or searching online. My tube pass has been getting a right work out.
Just hope they accept the offer, really, or on it goes - and we have to leave our current place by the start of December.
Good luck!
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posted 21-07-2009 21:59
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Cheers man, you too.
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posted 21-07-2009 22:36
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Best of luck Crusoe (and Workingstiff), hope it goes well.
I used to quip good-naturedly to friends that the housing market would crash ten minutes after I bought my house. I was out by a year and ten minutes.
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posted 22-07-2009 05:53
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Going through this now as well. Found out tonight that the seller's agent, who received our offer on Monday morning, still has not present our offer to his clients. He's been pestering us and our agent to "improve" our offer, like writing a letter stating how high we'd be willing to offer. Uh, yeah, right. The thing is, we saw this place when it first came on the market two months ago, there were renters living in it then, but now it's vacant, so the sellers are losing money. Their agent is telling us that they rejected offers matching our amount earlier, but obviously the situation is different now. Seems like he wants us to jack up our offer so he can get a higher commission.
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posted 22-07-2009 08:31
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When was the offical peak of the market? I bought my house two years ago, and if it wasn't actually the worst time to buy, it does sort-of feel like it!
Inca: Isn't not passing your offer on to the sellers illegal? I mean, there's the time-honoured tradition of a 'cheeky first bid'.
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posted 22-07-2009 08:51
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Good luck guys on your prospective purchases.
I totally understand your fears.
The idea of a sense of permanace fightens me to be honest. The figures involved in the purchase of the house added to which I never really have job security has kept me delaying.
I've never had a relationship long enough or stable enough to buy with a girlfriend and for most of my life I've been unable to buy a place in a decent area on my own.
Its getting to the stage now where if I don't buy in a couple of years then I wont have the mortgage paid off before I retire.
Inca, tell him to fuck off. Its a buyers market.
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posted 22-07-2009 09:21
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Villain - I understand your fears completely. I recently bought a place for myself at roughly the same time that redundancies started sweeping through the company. All I can say is do your homework and be aware of the state benefits that should be available for first-time buyers in the UK in the event of unemployment (not sure how it might be over there but in Ireland the state pays for your mortgage interest for up to two years should you lose your job).
My home was purchased via an affordable homes scheme which was great as I'd never have been able to afford it otherwise.
Best of luck to you and to all here who've purchased a home!
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posted 22-07-2009 09:38
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My home was purchased via an affordable homes scheme which was great as I'd never have been able to afford it otherwise.
Mine too. I'm still not sure what happens with regards the clawback in terms of negative equity though. All the examples they gave me when I bought in late 2006 were happy tales of homes appreciating.
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posted 22-07-2009 10:15
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I'm in the dark on that myself. The clawback no longer applies if you hold onto the property for over ten years and it decreases in amount the longer you own the property.
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posted 22-07-2009 10:31
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The clawback applies for twenty years for me. After ten years it starts to fall by 10% of my discount each year.
Which county council are you with? I got mine through South Dublin County Council.
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