We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bought new build, finished in summer 09, can we renegotiate as prices slide further ?
Comments
-
So, they are restructuring their finance..0
-
As stated aswell several times this is a home not an investment
That's an argument that I find quite difficult. If you end up paying £50k more than you need to, then that's £50k more mortgage, which typically translates into having to earn an extra £150k. So, whilst it's a home, you want to buy wisely, too.
I'm afraid that you are getting lots of advice showered on you. You seem a thoughtful guy, so I'm sure that you'll go away and think about what's been said and extract a few nuggets of useful information.No reliance should be placed on the above! Absolutely none, do you hear?0 -
Of course, I am not one for paying over the odds for things, i've done some groundwork and checked historically where prices have been and where they are at etc to structure what I feel is an offer I am comfortable with. I simply dont want to lose out if things carry on the way they are.
I can't live with a consistenly pessimistic thought train although with things the way they are one can't help it. I think from the bloated price (still advertised online) of £380,000 down to £295,000 or £286,500 if I take into account the stamp duty being paid is not tooo bad a price. Especially with the other developers holding their prices as it will push people towards the Bryant development.
The main things to consider or follow up with them are the timelines etc which have been raised on this thread that I forgot to account for and ask which has been helpful and also holding off on the exchange for as long as I can.SouthCoast wrote: »Bryant are owned by Taylor Wimpey.
Taylor Wimpey warns of delay in debt negotiations with bankers
http://www.guardian.co.uk/business/2008/oct/04/taylorwimpey.construction
re reading it, they are restructuring their debt and will include European Bond holders in the deal in as they feel their is risk of Taylor Wimpey defaulting on credit obligations.
If they do default however this may not trigger a credit event on the entity and buisness continues as normal..im sure this is something they would look at before reaching an agreement if they feel they will breach this in 12 months time
Nothing new then given market conditions...0 -
yes 43% off if you are buying 5 or more properties...and this is on flats not houses.
Flat AND houses:
The housebuilder is offering the discount to buyers who might be willing to take five or more flats or houses off its hands...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Of course, I am not one for paying over the odds for things, i've done some groundwork and checked historically where prices have been and where they are at etc to structure what I feel is an offer I am comfortable with. I simply dont want to lose out if things carry on the way they are.
Whatever discount you get/have got, probably won't be enough to ensure you did'nt pay over the odd's in hindsight in the current climate.0 -
If they do default however this may not trigger a credit event on the entity and buisness continues as normal..im sure this is something they would look at before reaching an agreement if they feel they will breach this in 12 months time
It's worth checking with your solicitor what happens if Wimpey go bust before your house is built. Unfortunately, you may find yourself still bound contractually, so your 10% deposit is tied up and you have to hang around waiting to see which housing association buys the estate from the receivers. This is a particularly difficult time to be buying off-plan IMHO.No reliance should be placed on the above! Absolutely none, do you hear?0 -
Not until they are really desperate they won't.They will not include a long stop.
The sales contract will be their standard one and with large developers it's a case of take it or leave it - their legal team won't get involved in writing an individual contract just for you. ...After the uprising of the 17th June The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee Stating that the people
Had forfeited the confidence of the government And could win it back only
By redoubled efforts. Would it not be easier In that case for the government
To dissolve the people
And elect another?0 -
After the uprising of the 17th June The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee Stating that the people
Had forfeited the confidence of the government And could win it back only
By redoubled efforts. Would it not be easier In that case for the government
To dissolve the people
And elect another?0 -
We almost bought off plan with our last house. Huge develpoment, but only five houses of the design we liked, four were already lived in so one more to be built. Luckily, one of the houses, two doors down from the showhome, came on the market so we bought that (six moths old, garden and snagging all done).
But, the off plan house we were told would be complete in September (this was March). The showhome lady sold the off-plan one and asked if we would let her show the buyers around ours, which we did. They then came back with their kids to show them so we got to know them.
Not only did their house not get finished until July the following year (site manager decided to stop where he was and start building from the other end of the road), but the position had altered slightly from the site plan, in turn giving them a much much smaller garden than indicated on the plan. They also had a tandem garage with what certainly looked like three car parking on the drive, but on completion they could only just get two at a push because of the change in house position.
There was nothing they could do about it because the plans are, only an indication of what's to be built.0 -
I take it it's NOT Arbury Park because that doesn't seem convenient for trains or Addenbrookes. But are you aware that 2 of the building companies have actually stopped work on Arbury Park? Are you sure that won't happen to yours?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.6K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.6K Work, Benefits & Business
- 600K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards