First Property

[Shogun112]

Prince,
I live 5 to 10 mins drive outside Chester, 4 bed detached, worth approx £350,000+ (So I am told), buy same house in Chester, expect to pay an extra £100,000...  If not more.. keep going south and it just gets silly..!!  Boshi was here at the weekend and says similar house in Solihul is maybe £750,000...!!! WOW...  Dread to think how much in London or surroundin areas..!!

[AndrewT]

Prince,
I live 5 to 10 mins drive outside Chester, 4 bed detached, worth approx £350,000+

I live in Putney in London - just around the corner from me £350,000 will buy you this one bedroom flat!!

[byronkincaid]

I doubt the downturn will be as bad as the last one cos there are so many more landlords now, who may start buying again once yields hit 10% or whatever.

However seeing as historically the swongs are swingier than they should be, as a soon to be renter I hope for the day when sentiment changes to OMG don't buy property all it does is lose value. That will be the time to start buying.

[TheChipPrince]

Are you buying with your girlfriend or on your own?

On my own, if we rent we will share the rent, if I buy she will pay me a rent...

The wife is a mortgage broker so if you need help there ill give you her work no.but she wont be back til monday but with that sort of deposit you shouldnt have any probs,

Thank you, but im not at that stage yet, still early days...

rent for 2 years, get the savings in a high interest bearing account... dont buy in the current market, especially over-valued properties in the north.

It is already in a high interest account dont worry...







Thanks for the suggestions, keep them coming...

[bolt pp]

Are you buying with your girlfriend or on your own?

 

Who's sick enough to but a house with their girlfreind!

[TheChipPrince]

 

[kinboshi]

[KarmaDope]

Do you drive?

If so you're best off moving to the outskirts, its ridiculously cheaper than the City Centre.

If not, look at a place called Bache. It has great public transport links to Chester.

[TheChipPrince]

Right, save starting a new thread i'll put it here,i moved to a rented property about a 3 weeks ago now, settled in thanks for asking...

One question, what happens with council tax?  Do i need to contact them, or do they bill me automatically?

[bolt pp]

Right, save starting a new thread i'll put it here,i moved to a rented property about a 3 weeks ago now, settled in thanks for asking...

One question, what happens with council tax?  Do i need to contact them, or do they bill me automatically?

have you settled in alright?

oh yeah and contact them.

[Claw75]

you need to contact the council and let them know you've taken over responsibility for paying the council tax - they'll then send you a bill.

glad to hear you're settling in ok

[jizzemm]

you need to contact

Council Tax
Gas / Elec
Water


if you can say that you live alone, the C Tax will be 25% cheaper..

[EvilPie]

You don't need to contact them as they will contact you anyway.

At some point soon you will get a letter addressed to the occupier asking you to send them lots of money for emptying your dustbin once a week.

It's essential to contact gas and electric suppliers with meter readings to make sure that you're only paying for what you use and not part of what the previous tennant used.

And like Jizzemm said tell the council that you live alone. It's worth a little white lie for saving 25%. Just be careful if you're both on the electoral register there though because if they catch you they will backdate everything to the day you moved in.

Good luck in your new home!!

[TheChipPrince]

you need to contact

Council Tax
Gas / Elec
Water


if you can say that you live alone, the C Tax will be 25% cheaper..

No gas, water and electris all sorted, plus tv licence & phone, jus hadnt heard anything about council tax, i'll get in touch with them...

Are we on the electorial register? I havent got a clue!  Think i've read that you can get a discount if you live with a 'student' anyway...

[Graham C]

Easier to get in touch with them and get it sorted asap otherwise it may take them a few months and you'll be hit with a bigger bill for the lot you've missed out on so far.