oldypigeonpopper Posted July 19, 2020 Report Share Posted July 19, 2020 On 18/07/2020 at 09:31, team tractor said: My mate moved on a tw site locally and he pays £160 a year grounds keep towards lighting and grass cutting . I read a horror story of builders selling the ground lease and it going up a percentage each year . Hello, your right selling the house freehold and land beneath leasehold and a lot of buyers found the leases have been sold on to a finance company Quote Link to comment Share on other sites More sharing options...
norfolk dumpling Posted July 19, 2020 Report Share Posted July 19, 2020 Nothing changes - 50+ years ago my dad was working as a carpenter on the University of East Anglia and he, a skilled tradesman, was very upset to be forced to use shorter screws to hang heavy doors (dozens of them) than he knew from experience were necessary. This was to speed up process. Two years later he was earning good (better) money re-hanging those doors! Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted July 19, 2020 Report Share Posted July 19, 2020 On 17/07/2020 at 23:41, Cosmicblue said: I reckon you'd have to be pretty brave to buy a house at the moment as the world is falling head-long into a deep recession caused by a something that has no cure, 10s of thousands of people have lost their jobs already and the real job loss potential is being masked as many are still furloughed. We have no recent precedent for this other than a lot (and I mean a lot ) of houses are being put on the market every day as people have lost jobs/income and can no longer afford the mortgage payments. Right now supply exceeds demand and that means prices will fall. Just take a look on Rightmove - search for property within 5 miles of your postcode that have been put on the market in the last 3 days, here where I live in Warwick for example it's 81 houses ranging from £1.5m down to around £100k . The Chancellor of the Exchequer has knocked stamp duty on the head for 6 months however millions of people are wondering if they will have a job by Christmas. This isn't a good time to shackle oneself to a mortgage, the lenders are ultra cautious and seeking minimum 20% deposits because they can see a real risk of negative equity (being owed more than the property is worth) and want a healthy financial buffer. Hello, good post 👍 Quote Link to comment Share on other sites More sharing options...
AVB Posted July 19, 2020 Report Share Posted July 19, 2020 I know the government deposit scheme makes new builds attractive for first time buyers but I would be cautious in the current climate. New houses have a premium on them that takes a few years to erode. There will be a depression of house prices which means inevitable negative equity. I would go for a non-new build if at all possible. If you do go for a new build I would second the use of specialist snagging company. They last new build I bought about 15 years ago was a high spec, high value house from a premium builder and the number of ‘snags’ that the company picked up was incredible. Quote Link to comment Share on other sites More sharing options...
mowdy Posted July 19, 2020 Report Share Posted July 19, 2020 19 hours ago, billytheghillie said: Few years back i used to deliver the wooden frame kit to these sites. many times the wrong size of paslode nail was sent, i.e. 4 in instead of 6, the joiners just said **** it, its not my house and used the smaller nails. Paslode only make nails up to 90 mm Quote Link to comment Share on other sites More sharing options...
landrover Posted July 22, 2020 Report Share Posted July 22, 2020 Hi I worked on phase 1 of Elderwood park the traditional build plots (bricklayer) but on the second and third phase they are timber framed And the brickwork went to a contractor instead of direct lads been on there, Heard from some trades still on there the brickwork is not fantastic at all as there seems to be a bit slap an dash, The site manger is a decent lad and does try sort things but usually those above are restricting his powers to help. It is a nice development just on the outskirts of hemlington as the place had a name for its self a while ago but again only hear the bad and there’s good and bad everywhere. Quote Link to comment Share on other sites More sharing options...
243deer Posted July 22, 2020 Report Share Posted July 22, 2020 builders of new housing estates usually plant a few trees and shrubs to try and create some ambience - trouble is they know not a lot about which plants have invasive/shallow paving or drive lifting roots - so beware whatever plants are near your new house if buying one. Quote Link to comment Share on other sites More sharing options...
Scully Posted July 22, 2020 Report Share Posted July 22, 2020 On 19/07/2020 at 18:32, mowdy said: Paslode only make nails up to 90 mm Paslode make nails up to 150mm, and indeed the gun to fire them, but it requires both hands to use it!🙂 Quote Link to comment Share on other sites More sharing options...
Vince Green Posted July 22, 2020 Report Share Posted July 22, 2020 (edited) I have seen some appallingly bad timber framed new builds in Cornwall. Little more than big garden sheds really. Edited July 22, 2020 by Vince Green Quote Link to comment Share on other sites More sharing options...
Dave-G Posted July 22, 2020 Author Report Share Posted July 22, 2020 Thanks ever so much lads, we went up to look at a show house on Monday: he's buying one if the mortgage goes through, will be ready for November. I was surprised the internal walls were studding but it help make a first time buy affordable. Interesting: 3 adjustable hinges on the thicker than usual internal doors too. I think the £189K 3 bed, 3 W/C three floor semi would be another 30~50 K if it were in Leicester. space to add a garage/recording studio to the side later. I picked up on badly matching bricks on the show house - on a nearby development but then went to look at the actual development. Those bricks were better matched but we couldn't get to the actual house, about the last being built there so they've had plenty of time to get it right. Quote Link to comment Share on other sites More sharing options...
henry d Posted July 23, 2020 Report Share Posted July 23, 2020 Is he buying for the long term? Reason I am asking is we are hoping to move soon and have done a lot of research over the past year. Right move and others have good search engines and you can see how house prices have changed over the years. We were looking at newer houses in certain areas and found that some had dropped very dramatically over the first 5 or so years, some as much as 15%. We are now looking at older property. Quote Link to comment Share on other sites More sharing options...
ditchman Posted July 23, 2020 Report Share Posted July 23, 2020 On 17/07/2020 at 18:10, Dave-G said: Our youngest has changed his job and relocating to Middlesborough from Guildford. He's about to buy instead of rent and being up north it massively more affordable. He's a first time buyer itching to get on the property ladder and using the help to buy scheme so has to use that for a new build - which we know may be slightly overpriced because of firms exploiting the scheme. Anyway - apart from that does anyone have any input about the quality of Taylor Wimpy new builds please? His new boss says the area the house he's interested in is in a better part of Middlesbro and unlikely to have many 'affordable housing' plots there. the house is only as good as the materials and the labour and the site manager used FOR THAT AREA..............when he looks at a house be sure to take someone with them that knows what he is looking at...i have seen houses by a very good builder which were appaling...the cement could be scratched off with your fingernail....stuff was not straight....the boilers connections were buried in the wall......and in a stiff wind you could see the tiles lift on the roof..........so take someone who knows the trade with you.... Quote Link to comment Share on other sites More sharing options...
figgy Posted July 23, 2020 Report Share Posted July 23, 2020 The house would cost 30-50k in a different part of Middlesbrough nevermind a different town 😂 Hope it all goes well for him. He will be eating Parmo's in no time. Quote Link to comment Share on other sites More sharing options...
discobob Posted July 23, 2020 Report Share Posted July 23, 2020 If it is NHBC then at least get hold of "A consistent approach to finish" - just checked - a lot of the information is on line now - https://nhbc-standards.co.uk/1-welcome/ Quote Link to comment Share on other sites More sharing options...
flynny Posted July 23, 2020 Report Share Posted July 23, 2020 On 19 July 2020 at 10:25, AVB said: I know the government deposit scheme makes new builds attractive for first time buyers but I would be cautious in the current climate. New houses have a premium on them that takes a few years to erode. There will be a depression of house prices which means inevitable negative equity. I would go for a non-new build if at all possible. If you do go for a new build I would second the use of specialist snagging company. They last new build I bought about 15 years ago was a high spec, high value house from a premium builder and the number of ‘snags’ that the company picked up was incredible. Never buy a new house, buy a 5 year old one , all the snags and shrinkage and drainage issues , should have been sorted by then flynny Quote Link to comment Share on other sites More sharing options...
Dave-G Posted July 23, 2020 Author Report Share Posted July 23, 2020 (edited) Thanks again all - I had a quick google and found conflicting results on forecasts, essentially there may be a slow down in prices but also found this, albeit a couple of years old now, and before ( I think )'help to buy' came along; https://www.estateagenttoday.co.uk/breaking-news/2018/11/new-builds-rise-in-value-far-quicker-than-existing-homes?source=othernews His work is in Middlesborough town centre - though he currently works from home at Guildford, but will be staying with us till the house is completed. The mortgage at middlesborough is much less than the (one third house) rent at Guildford, and still has to be better than renting up there and everything is currently perfect for him to take the first step on the property ladder rather than take on another rental agreement. He's been reading this thread and thanks everyone for their response. Edited July 23, 2020 by Dave-G Quote Link to comment Share on other sites More sharing options...
mowdy Posted July 23, 2020 Report Share Posted July 23, 2020 21 hours ago, Scully said: Paslode make nails up to 150mm, and indeed the gun to fire them, but it requires both hands to use it!🙂 Very interesting? Do you have a link as I would Like to get one if I can for site work .nothing on paslodes website that I could see . mowdy Quote Link to comment Share on other sites More sharing options...
figgy Posted July 23, 2020 Report Share Posted July 23, 2020 If he is working in Middlesbrough town centre, he could look at ingleby barwick or Stockton on tees. From where I live I could be in Boro town centre in less than ten minutes without traffic. He has lots and lots of options for some very nice houses. Quote Link to comment Share on other sites More sharing options...
Dave-G Posted July 23, 2020 Author Report Share Posted July 23, 2020 3 hours ago, figgy said: ... He has lots and lots of options for some very nice houses. They need to be within his first time buyer price reach though and the one he's taking is about as high as he can find the deposit for whilst leaving some spare for other costs of buying and moving. Quote Link to comment Share on other sites More sharing options...
12gauge82 Posted July 23, 2020 Report Share Posted July 23, 2020 I wouldn't buy a new house, you'll likely be paying for up keep of area around you as well as council tax, you will have a postage stamp of land, they tend to be over priced, he'll be living next door to social housing and all the trouble that brings. In short it's a rip off. Quote Link to comment Share on other sites More sharing options...
mowdy Posted July 23, 2020 Report Share Posted July 23, 2020 Plenty of cheap houses in Bishop Auckland and Darlington!! There a couple of terrace houses going for £20,000 each !! At the moment . Not that I would want to live there 🤔 they still eat there young on a Friday in bishop!!! Quote Link to comment Share on other sites More sharing options...
Dave-G Posted July 23, 2020 Author Report Share Posted July 23, 2020 I think he's going to stop reading these replies now. He's sick of renting to pay other peoples mortgages, had to move five times in three years, can do this, can't do that yada yada, bordering on depressing. Good or bad he has to start somewhere and has the means and employment confidence to get started, he's doing it. Quote Link to comment Share on other sites More sharing options...
12gauge82 Posted July 23, 2020 Report Share Posted July 23, 2020 1 minute ago, Dave-G said: I think he's going to stop reading these replies now. He's sick of renting to pay other peoples mortgages, had to move five times in three years, can do this, can't do that yada yada, bordering on depressing. Good or bad he has to start somewhere and has the means and employment confidence to get started, he's doing it. Fair one and it's better than renting. The property market is awful for those just making a start, I really wouldn't buy new housing if I was in his position, particularly if I was handy at a bit of DIY, but good luck with whatever he decides 👍 Quote Link to comment Share on other sites More sharing options...
Dave-G Posted July 23, 2020 Author Report Share Posted July 23, 2020 (edited) 1 hour ago, 12gauge82 said: Fair one and it's better than renting. The property market is awful for those just making a start, I really wouldn't buy new housing if I was in his position, particularly if I was handy at a bit of DIY, but good luck with whatever he decides 👍 Only 5% interest with Gov loaning the rest of the deposit for five years is a big help towards that first step - and a future Tory voter. He's been guaranteed 10% yearly wage rises till becoming senior management too - all going into that 'must do now' pot. He's defo not into DIY yet. Edited July 23, 2020 by Dave-G Quote Link to comment Share on other sites More sharing options...
grrclark Posted July 24, 2020 Report Share Posted July 24, 2020 Good luck to your lad in his new house. Having the stability of his own house and what sounds like a great job is brilliant. The important thing is that he is making the decision that is right and appropriate for him for where he is in life right now. None of us know what might or might not happen that’s outside of our control, there could even be a global pandemic that turns everything on it’s head !!!! Quote Link to comment Share on other sites More sharing options...
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