Hidden costs of buying a house?
10 November 2013, 09:35 PM
#1
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Hidden costs of buying a house?
I'm figuring I'll need ~15k to cover stamp duty and ancillary costs (conveyancing, survey, any mortgage 'set up' costs, various other minor stuff) on a ~260 - ~280 k house? What you do think?
It's unlikely I'll be able to find something below 250k allowing me to drop into the lower stamp duty band.
It's quite a chunk of change.
It's unlikely I'll be able to find something below 250k allowing me to drop into the lower stamp duty band.
It's quite a chunk of change.
10 November 2013, 09:49 PM
#4
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Myself and my partner are in a similar position Tony. We don't want to spend megabucks on a house where we are at the moment because we don't know how long we're going to stay round this area.
We're looking at spending just under the £250k mark and keeping income free to save.
You'd think there would be a load of houses just below the stamp duty threshold e.g. £249995 and then a load starting quite a lot higher e.g. £270k+ but we're seeing ones advertised for £252,500... and houses around the £260k mark have sellers who do not want to negotiate on the price. The cost there is £25k more to a buyer than one that's going for just £10k less it's madness!
It should be calculated as a percentage of the house cost price or something because it's very unfair. A bit like taxing someone for having the audacity to die!
We're looking at spending just under the £250k mark and keeping income free to save.
You'd think there would be a load of houses just below the stamp duty threshold e.g. £249995 and then a load starting quite a lot higher e.g. £270k+ but we're seeing ones advertised for £252,500... and houses around the £260k mark have sellers who do not want to negotiate on the price. The cost there is £25k more to a buyer than one that's going for just £10k less it's madness!
It should be calculated as a percentage of the house cost price or something because it's very unfair. A bit like taxing someone for having the audacity to die!
10 November 2013, 09:54 PM
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£2k covered our legal fees and related conveyancing fees IIRC. Home buyer's report was by the seller. Removal fees, life and buildings insurance were the only other costs apart from stamp duty which certainly has not gone away in Scotland, it was about the same as 8 years of mortgage payments.
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10 November 2013, 10:03 PM
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10 November 2013, 10:14 PM
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Depends what you mean by 'run down'. I'd think about something that needed redecorating and 'some work' but having to gut a house horrifies me because I know very little about building. No I'm not in the market for a renovation job but nor do I want gold taps and a designer granite work top and arger lol.
11 November 2013, 08:35 AM
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11 November 2013, 12:21 PM
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Thanks. Does this area meet with the criteria you stated not long ago?
Quote:
Originally Posted by tony de wonderful
"I'm not saying it is bad per se, but I prefer to live in an area with people I can speak English to and who were born here."
And
Originally Posted by tony de wonderful
"I plan to move to an area which is 99% white according to the last census. Make of that what you will but 'white flight' is real."
Just interested as some of those comments show a degree of paranoia to me.
11 November 2013, 12:35 PM
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But if you spend £30k increasing the value from £240 to £270 then the next buyer has to spend an extra £25k on stamp duty as well as the increased value. You might find it difficult to sell. But of course the rules might change again by then.
11 November 2013, 01:31 PM
#17
Thanks. Does this area meet with the criteria you stated not long ago?
Quote:
Originally Posted by tony de wonderful
"I'm not saying it is bad per se, but I prefer to live in an area with people I can speak English to and who were born here."
And
Originally Posted by tony de wonderful
"I plan to move to an area which is 99% white according to the last census. Make of that what you will but 'white flight' is real."
Just interested as some of those comments show a degree of paranoia to me.
Quote:
Originally Posted by tony de wonderful
"I'm not saying it is bad per se, but I prefer to live in an area with people I can speak English to and who were born here."
And
Originally Posted by tony de wonderful
"I plan to move to an area which is 99% white according to the last census. Make of that what you will but 'white flight' is real."
Just interested as some of those comments show a degree of paranoia to me.
Jesus Christ, are there still MORONS who think like this alive in this day and age??
Good luck with the "white fight" most of the immigrants coming in now are white, maybe you can recruit them for your Great White army.
What a complete and utter **** whit you must be, no ******* wonder your alone in this world.
Oh yeah don't move to Nottingham the place is full of wogs, jews, pakis, polish, checz's, albanians, russians, indians, all manner of arabs in fact we've got just about everything there, so we won't be needing any white suprematist scum thank you very much.
11 November 2013, 02:07 PM
#18
@TDFW.
Jesus Christ, are there still MORONS who think like this alive in this day and age??
Good luck with the "white fight" most of the immigrants coming in now are white, maybe you can recruit them for your Great White army.
What a complete and utter **** whit you must be, no ******* wonder your alone in this world.
Oh yeah don't move to Nottingham the place is full of wogs, jews, pakis, polish, checz's, albanians, russians, indians, all manner of arabs in fact we've got just about everything there, so we won't be needing any white suprematist scum thank you very much.
Jesus Christ, are there still MORONS who think like this alive in this day and age??
Good luck with the "white fight" most of the immigrants coming in now are white, maybe you can recruit them for your Great White army.
What a complete and utter **** whit you must be, no ******* wonder your alone in this world.
Oh yeah don't move to Nottingham the place is full of wogs, jews, pakis, polish, checz's, albanians, russians, indians, all manner of arabs in fact we've got just about everything there, so we won't be needing any white suprematist scum thank you very much.
what's checz's?
should be czech
11 November 2013, 03:11 PM
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Thanks. Does this area meet with the criteria you stated not long ago?
Quote:
Originally Posted by tony de wonderful
"I'm not saying it is bad per se, but I prefer to live in an area with people I can speak English to and who were born here."
And
Originally Posted by tony de wonderful
"I plan to move to an area which is 99% white according to the last census. Make of that what you will but 'white flight' is real."
Just interested as some of those comments show a degree of paranoia to me.
Quote:
Originally Posted by tony de wonderful
"I'm not saying it is bad per se, but I prefer to live in an area with people I can speak English to and who were born here."
And
Originally Posted by tony de wonderful
"I plan to move to an area which is 99% white according to the last census. Make of that what you will but 'white flight' is real."
Just interested as some of those comments show a degree of paranoia to me.
I never said I was moving to this area because it was mostly white by the way.
Last edited by tony de wonderful; 11 November 2013 at 03:56 PM.
11 November 2013, 05:43 PM
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11 November 2013, 06:06 PM
#23
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It is entirely your choice where you live of course, it's your money and we luckily live in a free market economy.
I'm just wondering what you are scared/worried/paranoid about that makes you want to live in an area where the people were born in the UK and that has been shown in the census to be 99% white
What worries you about living amongst black/brown people? Do they scare you?
11 November 2013, 06:12 PM
#24
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It is entirely your choice where you live of course, it's your money and we luckily live in a free market economy.
I'm just wondering what you are scared/worried/paranoid about that makes you want to live in an area where the people were born in the UK and that has been shown in the census to be 99% white
What worries you about living amongst black/brown people? Do they scare you?
I'm just wondering what you are scared/worried/paranoid about that makes you want to live in an area where the people were born in the UK and that has been shown in the census to be 99% white
What worries you about living amongst black/brown people? Do they scare you?
How many Afghan asylum seekers do you live among?
11 November 2013, 06:28 PM
#26
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Myself and my partner are in a similar position Tony. We don't want to spend megabucks on a house where we are at the moment because we don't know how long we're going to stay round this area.
We're looking at spending just under the £250k mark and keeping income free to save.
You'd think there would be a load of houses just below the stamp duty threshold e.g. £249995 and then a load starting quite a lot higher e.g. £270k+ but we're seeing ones advertised for £252,500... and houses around the £260k mark have sellers who do not want to negotiate on the price. The cost there is £25k more to a buyer than one that's going for just £10k less it's madness!
It should be calculated as a percentage of the house cost price or something because it's very unfair. A bit like taxing someone for having the audacity to die!
We're looking at spending just under the £250k mark and keeping income free to save.
You'd think there would be a load of houses just below the stamp duty threshold e.g. £249995 and then a load starting quite a lot higher e.g. £270k+ but we're seeing ones advertised for £252,500... and houses around the £260k mark have sellers who do not want to negotiate on the price. The cost there is £25k more to a buyer than one that's going for just £10k less it's madness!
It should be calculated as a percentage of the house cost price or something because it's very unfair. A bit like taxing someone for having the audacity to die!
11 November 2013, 06:36 PM
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11 November 2013, 06:55 PM
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@TDFW.
Jesus Christ, are there still MORONS who think like this alive in this day and age??
Good luck with the "white fight" most of the immigrants coming in now are white, maybe you can recruit them for your Great White army.
What a complete and utter **** whit you must be, no ******* wonder your alone in this world.
Oh yeah don't move to Nottingham the place is full of wogs, jews, pakis, polish, checz's, albanians, russians, indians, all manner of arabs in fact we've got just about everything there, so we won't be needing any white suprematist scum thank you very much.
Jesus Christ, are there still MORONS who think like this alive in this day and age??
Good luck with the "white fight" most of the immigrants coming in now are white, maybe you can recruit them for your Great White army.
What a complete and utter **** whit you must be, no ******* wonder your alone in this world.
Oh yeah don't move to Nottingham the place is full of wogs, jews, pakis, polish, checz's, albanians, russians, indians, all manner of arabs in fact we've got just about everything there, so we won't be needing any white suprematist scum thank you very much.
