Go Back   Matt-Hughes.com Official Forums > General Discussions > The Woodshed

Reply
 
Thread Tools Display Modes
  #1  
Old 11-19-2011, 02:57 PM
Tyburn's Avatar
Tyburn Tyburn is offline
Angry @ Injustice!
 
Join Date: Jan 2009
Location: England
Posts: 16,909
Default I JUST BOUGHT A HOUSE



Anyone who follows my blog will know what ive been up to recently.

I got accepted! I am going to buy a house! Its a little semidetached house It has two Grass lawns in the front and a path to the door, a little vestibule, and then the front livingroom/dining room, and the kitchen. It has a spiral staircase to the first floor with ensuite and bedroom. In the back garden, accessed through the kitchen there is a Garden on three levels, the first is a patio with a shed, the second is a lawn, and the third is a bit of wasteland with a back gate and path to a private carpark behind!!! All the doors are on rails, so they are like blast doors that fold into the wall, like the one between my current bedroom and lounge in Granville.

My Parents are paying the initial deposit, my financial advisor has sorted out a thirty five year fixed mortgage (for the first five years) of about 100 pounds less then the rent I am paying now. Which will be taken up with travel costs and higher council tax. (its a mile from work, near where I used to go to the gym!)

The House initially went onto the market in June at 105K the current owners were bequithed it in a will and do not live there. they are renovating their own home with the sale of the second. So their is no chain, as I also am in Rent and could pretty much leave whenever. The house didnt sell and was reduced to 90K at the start of the fall.

I had been looking for part buy-part rent, but that wasnt going so well, and was about ready to move straight into different rented accomodation when my Parents said three weeks ago, we should have one last try, but the house was a full buy prospect. Two weeks ago we went round, and the current owners happened to be at the property and gave us an impromptu viewing. I liked it enough...and last week my Parents sat down with a financial advisor to see if they could be my Gaurentours.

Following this the Financial advisor began brokering at the start of this week with banks for a mortgage. The way it works is that my parents are culpable for the costs if something happens to me. Also...sticky situation if I die, they are left to pay a motgage but wont own the home...so I need to make a legal will to leave it to them so they could pay the mortage in full from the sale upon my expiration

He presented the offers to us in a conference call on Thursday and we put in an initial bid of 83K on Friday. This was rejected, and so we haggled to a price of 86K which will leave enough in the mortgage of 90K to cover the legal fees inclusive.

I have just heard that vocal aggreement has been given, the house is about to be removed from sale pending further advancements in the sale. On Monday we shall have to finalize the mortgage and for that the Estates will want to do a valuation Survay....meanwhiles the contracts will be drawn up and prepared for me to sign by the lawyers.

Once all that legal shyte is done...its a matter of goodbye granville...hello jennyfield!!

My first port of call will be to turn the shed into an outside avery!! my OWN HOME!!! probably just after Christmas
__________________
Reply With Quote
  #2  
Old 11-19-2011, 04:22 PM
Neezar's Avatar
Neezar Neezar is offline
SupaDupaMod
 
Join Date: Jan 2009
Location: South
Posts: 6,478
Send a message via Yahoo to Neezar
Default



I have very happy for you, Dave.
Reply With Quote
  #3  
Old 11-19-2011, 05:27 PM
Bonnie Bonnie is offline
Senior Member
 
Join Date: Jan 2009
Location: Where the bluebonnets bloom
Posts: 6,587
Default

This is wonderful news, Dave! I'm so happy for you!
__________________
Reply With Quote
  #4  
Old 11-19-2011, 05:44 PM
Chris F
Guest
 
Posts: n/a
Default

congrats Dave. I pray you have better luck than I have with my first house
Reply With Quote
  #5  
Old 11-19-2011, 07:16 PM
flo's Avatar
flo flo is offline
Senior Member
 
Join Date: Feb 2009
Location: The Great Pacific Northwest
Posts: 7,716
Default

That is GREAT news, Dave, I'm so happy for you!!! Woohoo!!

Now was this through Freddie Mac?

Heh, just teasing, Congratulations!!! I wish we lived there, we have a nice glass and chrome computer desk, kitchen table, etc., we could donate to your cause.
__________________
http://www.matt-hughes.com/forums/image.php?type=sigpic&userid=339&dateline=13068036  43

Rejoice ever more. 1 Thessalonians 5:16
Reply With Quote
  #6  
Old 11-19-2011, 09:46 PM
rockdawg21's Avatar
rockdawg21 rockdawg21 is offline
I'm kind of a big deal
 
Join Date: Jan 2009
Location: San Antonio, TX
Posts: 5,584
Default

Oh my God! Banks are still giving out bad loans?
__________________
Reply With Quote
  #7  
Old 11-20-2011, 01:21 AM
MattHughesRocks's Avatar
MattHughesRocks MattHughesRocks is offline
Stump Rules!
 
Join Date: Jan 2009
Location: Nor Cal
Posts: 9,786
Default

That's awesome Dave! Congrats!
__________________


http://stumpdotcom.com/
Reply With Quote
  #8  
Old 11-20-2011, 06:17 AM
Tyburn's Avatar
Tyburn Tyburn is offline
Angry @ Injustice!
 
Join Date: Jan 2009
Location: England
Posts: 16,909
Default

Thank you everyone...this is going to be AMAZING!!!!

Chris...what happened with your first home

Rockdawg...so long as I keep my job all shall be well...the banks are doing it for three reasons...first its a THIRTY FIVE year mortgage NOT your usual Twenty Five...Secondly...as my parents are Gaurentours...well...they can be certain of getting their money back from someone else if I cant make it.

Thirdly...in this day and age its hard to find someone in safe full time employment.

So
__________________
Reply With Quote
  #9  
Old 11-20-2011, 06:33 AM
rockdawg21's Avatar
rockdawg21 rockdawg21 is offline
I'm kind of a big deal
 
Join Date: Jan 2009
Location: San Antonio, TX
Posts: 5,584
Default

You crack me up Dave, I'm always teasing you and you take it so serious, haha!

Of course I'm happy for you man, that is AWESOME!!!
__________________
Reply With Quote
  #10  
Old 11-20-2011, 04:32 PM
Primadawn
Guest
 
Posts: n/a
Default

Congratulations Dave--that is SO exciting! I'm so very happy for you! No more war with a landlord!!!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 09:09 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.