Lied to by David Wilson Homes salesman

silvercar

So the choice is new for 250k or a second hand one on the market for 230k, probable expect to get £215k or even lower. Bit of a no-brainer really.

chewmylegoff

thatchamlad wrote: »

I do not want to rent anymore as i have done it for 8 years and am not prepared to through any more money down the drain.

oh dear! well, given you're making statements like that it's probably not worth trying to tell you, but:

(i) if rent is money down the drain then so is mortgage interest
(ii) you seemed happy to give this chap £500 without actually doing proper research into this
(iii) the involvement of catalyst suggests that this is a shared ownership scheme - so that means you can't actually afford to buy a house but are financially over extending yourself for the irrational reason of "getting on the ladder". furthermore you are probably going to be paying rent for the part of the property you can't buy anyway
(iv) you are overpaying by at least £20k for the house - money down the drain
(v) even if the house is "worth" £230k now, it will fall in value.

i have two suggestions. either

(a) pull out of the sale completely, rent for longer and wait for houses to fall in price until you can actually afford to buy one.

(b) renegotiate the price downwards by a large amount. you may have to pull out of this sale and offer on the other property or something. you will probably lose your deposit, although you could start going on about being lied to and/or ask to transfer your deposit to a different property - probably won't work but asking can't hurt.

RabbitMad

Thacham lad - no deposit on a property is "non refundable" until exchange of contract. If you don't want to go ahead anymore just ask for your deposit back and if they won't give it take them to the small calims court.

And for everybody else the way I read the OP was that David wilson are selling the plot next door too but with a bigger garden and powerpoints in the garage and in addition to that an identical house to the one the OP has put an offer in on sold last year for 230K - but I could be wrong.

Strapped

Is this the Kennet heath development? Friends of mine bought a 3 bed house there last year for £219k. I thought the salesman saw them coming!

Check houseprices.co.uk to see what properties on the development sold for recently and this time last year. You are being done over. Pull out and demand your holding deposit back.

ioscorpio

If you are buying thro MCHB, expect a long wait.

thatchamlad

Went up to sales office today.......

Salesman now agrees that the price is unrealistic and has said he will try and get another 30k off the price. He has to speak to his director on Monday but does not know if it will be possible. The property with the bigger garden is on the market but i was assured it was not available when i reserved.

Confused and annoyed to say the least

pizzagirl

If you've been lied to at least once already then you should probably walk away from the deal completely.

dopester

thatchamlad wrote: »

The "last plot" part was a lie as the next door property is on their website at the same price with a bigger garden and garage with power points, their is an identical property by his company sold a year ago for sale for £230k 50 yards down the road.

Shouldn't you be giving a deep sigh of relief?

You've got to understand, in this world, all major decisions should come with stacks of your own research.

Certainly you should allow yourself to be convinced by anyone who has a vested interest in getting you to go through with something.

So at the height of the boom, an identical property but for a bigger garden sold for £20,000 less. :rotfl:

You and I live in different worlds of reality, unless you are so flush with money and access to debt that you love over-paying so much money. Hope you're also reading this Chris MCHB.

Debt_Free_Chick

Could be a co-incidence, but Thatchamlad is now trying to arrange a mortgage

And it's shared equity

And it's Homebuy

And he doesn't have a deposit

Anyone else think that this shaping up to be an unmitigated disaster :eek:

thatchamlad

dopester wrote: »

Shouldn't you be giving a deep sigh of relief?

You've got to understand, in this world, all major decisions should come with stacks of your own research.

Certainly you should allow yourself to be convinced by anyone who has a vested interest in getting you to go through with something.

So at the height of the boom, an identical property but for a bigger garden sold for £20,000 less. :rotfl:

You and I live in different worlds of reality, unless you are so flush with money and access to debt that you love over-paying so much money. Hope you're also reading this Chris MCHB.

I dont think anywhere previously i said that an identical house with bigger garden had sold for 20K less!!!!

The property which is 20K less only went on the market on Wednesday night, 2 weeks after i reserved my property. As for research, identical houses on the same road sold last year and earlier this year for between 258k and 269K so 250k for mine with stamp duty, legals, white goods and fitted wardrobes in all bedrooms seemed not too bad or so i thought.

I was of the understanding that this site was full of people giving advice and sharing experiances? The reality of the world we live in is that in my world it is not "nice to be important", but it is "important to be nice".