How to get the equity back on an house lost

Emmia

Also, if you're not planning to stay, surely renting is a better option for you? 

Jamaicanmelaff

Rocksolid said:

Lover_of_Lycra said:

I think you'd be better off buying one of the much better constructed homes in your native Italy to let out whilst you continue renting near (and yes 50 miles outside is still near) London. 

These were built with sand from the sea and plain iron, not sure if you get the magnitude, that was due to deep illegal activities behind, we don't build like that... The other buildings and house didn't get any damage.

My house from 1956 had no impact from it, neither the print had cracks, like new... And it's built just with good foundations and real bricks, not the new cheap ones. (to be honest we made also reinforcement later to feel safe re-doing the main wall)

Anyway, that earthquake was 6.5 under only 19km, it was hell...

Same in 2016, just lighter, the houses that fell down were just the new ones rebuilt from cool companies, again, not respecting any regulation, I hope you get the difference.

Do you recall something like this in UK?

But for how much the houses are light here, (from another point of view cheap quality), I have the sensation that they may survive to such earthquake, not sure if they will be livable inside later...

I was studying abroad in Pescara at that time and I’ll never forget how strong that earthquake felt there and the absolute carnage afterwards, I can’t imagine how bad it actually was in L’Aquila or how awful things were there.

As others have pointed out, your main issue is location. 350k goes a hell of a lot further in other parts of the UK than it does anywhere near London. I don’t like the quality of new builds personally either and doubt many would withstand an earthquake like that, but there are plenty of older solid houses around with nice thick walls
in places you don’t need a high salary to buy - mine is a 150 year old 123 m2 4 bed detached with stone walls about as thick as the length of my forearm and cost around 50% of what you’re paying for yours. You can get a 6 bed detached not too far from town or a 4 bed detached a short walk from the beach in my area for your budget. 

John_

Rocksolid said:

Is it possible to get back my piece of cake if I need to sell the house because I can't pay anymore the mortgage?

I'll use help to buy.

The reasons can be many, impossibility to work due to sickness or accident, leave the country, and other reasons.

I ask because I considered my house purchase as an investment, not as the house that I want in my life, there is no such thing in UK for me, they would cost several millions for an hole size, I was barely able to effort 350k mortgage and I've got 70 sqm new house..............

The possibility to rent the entire property rather than selling has been clarified in another thread, I can't basically unless certain conditions which I don't remember right now.

Your post seems almost designed to annoy people, but I’ll take it at face value.

I’ve a 400sq m home on the Kent border with London, 20 mins train in to London centre, and it’s worth about £1.5m.

No-one would describe it as as a hole, it’s beautiful, spacious, and extremely well built.

If you dislike the country as much as you seem to then don’t buy, just rent. If you want to enjoy your time here consider not speaking so negatively about the place that has welcomed you, you’ll make few friends with your current attitude.

John_

Rocksolid said:

Lover_of_Lycra said:

I think you'd be better off buying one of the much better constructed homes in your native Italy to let out whilst you continue renting near (and yes 50 miles outside is still near) London. 

These were built with sand from the sea and plain iron, not sure if you get the magnitude, that was due to deep illegal activities behind, we don't build like that... The other buildings and house didn't get any damage.

You clearly do build like that, as that’s in Italy.

My London flat took a direct hit from the Luftwaffe in WWII, with ordnance designed to destroy dock structures, and is still standing.

What work are you in that you could earn £300k? That amount tends to require a good professional qualification in law or accountancy, and a good few years’ experience. You won’t be qualified to earn that amount in Finance given where you are coming from.

Rocksolid

Jamaicanmelaff said:

Rocksolid said:

Lover_of_Lycra said:

I think you'd be better off buying one of the much better constructed homes in your native Italy to let out whilst you continue renting near (and yes 50 miles outside is still near) London. 

These were built with sand from the sea and plain iron, not sure if you get the magnitude, that was due to deep illegal activities behind, we don't build like that... The other buildings and house didn't get any damage.

My house from 1956 had no impact from it, neither the print had cracks, like new... And it's built just with good foundations and real bricks, not the new cheap ones. (to be honest we made also reinforcement later to feel safe re-doing the main wall)

Anyway, that earthquake was 6.5 under only 19km, it was hell...

Same in 2016, just lighter, the houses that fell down were just the new ones rebuilt from cool companies, again, not respecting any regulation, I hope you get the difference.

Do you recall something like this in UK?

But for how much the houses are light here, (from another point of view cheap quality), I have the sensation that they may survive to such earthquake, not sure if they will be livable inside later...

I was studying abroad in Pescara at that time and I’ll never forget how strong that earthquake felt there and the absolute carnage afterwards, I can’t imagine how bad it actually was in L’Aquila or how awful things were there.

As others have pointed out, your main issue is location. 350k goes a hell of a lot further in other parts of the UK than it does anywhere near London. I don’t like the quality of new builds personally either and doubt many would withstand an earthquake like that, but there are plenty of older solid houses around with nice thick walls
in places you don’t need a high salary to buy - mine is a 150 year old 123 m2 4 bed detached with stone walls about as thick as the length of my forearm and cost around 50% of what you’re paying for yours. You can get a 6 bed detached not too far from town or a 4 bed detached a short walk from the beach in my area for your budget. 

I wish the others here knew what an earthquake like that was.

Where the hell is that? You mean around south London?

The problem with old houses is that I can't use help to buy and I have to put down too much money, plus you need many repairs and maintenance.

I want to live north so I have easier access to "mountains" and more green, the British sea and beaches are the worst ever seen, look Pescara where you were and I know it very well, that is paradise compared to the British sea, so sorry for the others.

In the end, this explains why British go always in other countries to have holidays, especially if the destination is the sea, I have never seen a country travelling so much outside to have fun.

Anyway, that's not the point of this thread.

Hannimal

Emmia said:
 why are you here, why don't you go back to the country you are from?

This is so unnecessary. There is a lot going on in OPs post that is just ridiculous but @Emmia you do not need to go down this route. There are other migrants here, like me, who get asked this question very often. People who think of us like you would do better keeping it to yourselves. Majority of Britons are lovely and welcoming people but unfortunately they aren't the loudest.

eidand

Hannimal said:

Emmia said:
 why are you here, why don't you go back to the country you are from?

This is so unnecessary. There is a lot going on in OPs post that is just ridiculous but @Emmia you do not need to go down this route. There are other migrants here, like me, who get asked this question very often. People who think of us like you would do better keeping it to yourselves. Majority of Britons are lovely and welcoming people but unfortunately they aren't the loudest.

the majority of people who come here though are not complaining all the time and only saying negative things about everything, If the OP really hates it that much then you know where the airport is ....

Rocksolid

John_ said:

Rocksolid said:

Is it possible to get back my piece of cake if I need to sell the house because I can't pay anymore the mortgage?

I'll use help to buy.

The reasons can be many, impossibility to work due to sickness or accident, leave the country, and other reasons.

I ask because I considered my house purchase as an investment, not as the house that I want in my life, there is no such thing in UK for me, they would cost several millions for an hole size, I was barely able to effort 350k mortgage and I've got 70 sqm new house..............

The possibility to rent the entire property rather than selling has been clarified in another thread, I can't basically unless certain conditions which I don't remember right now.

Your post seems almost designed to annoy people, but I’ll take it at face value.

I’ve a 400sq m home on the Kent border with London, 20 mins train in to London centre, and it’s worth about £1.5m.

No-one would describe it as as a hole, it’s beautiful, spacious, and extremely well built.

If you dislike the country as much as you seem to then don’t buy, just rent. If you want to enjoy your time here consider not speaking so negatively about the place that has welcomed you, you’ll make few friends with your current attitude.

1.5m? Sorry mate, that is completely out budget, what are you talking about? I can maximum effort some mortgage around 350k...

John_ said:

Rocksolid said:

Lover_of_Lycra said:

I think you'd be better off buying one of the much better constructed homes in your native Italy to let out whilst you continue renting near (and yes 50 miles outside is still near) London. 

These were built with sand from the sea and plain iron, not sure if you get the magnitude, that was due to deep illegal activities behind, we don't build like that... The other buildings and house didn't get any damage.

You clearly do build like that, as that’s in Italy.

My London flat took a direct hit from the Luftwaffe in WWII, with ordnance designed to destroy dock structures, and is still standing.

What work are you in that you could earn £300k? That amount tends to require a good professional qualification in law or accountancy, and a good few years’ experience. You won’t be qualified to earn that amount in Finance given where you are coming from.

No we don't, that was a damn exception due to illegal build, here instead is legal to build with paper, light stairs and floors which don't give any good sensation walking onto it.

Imagine also that few of these shity builds have survived, just partially damaged, so imagine where we are with the difference.

Your mention from the war has no sense, if you destroy a wall you just make a new one, what's the point, an earthquake instead smash even foundations and up to the roof, it doesn't matter if it's horizontal or vertical earthquake.

Anyway, they already closed another thread for this matter, so we don't need to talk much about it, the point was to take back the money, or part of them, even if the H2B wasn't paid. (emergency case)

Rocksolid

eidand said:

Hannimal said:

Emmia said:
 why are you here, why don't you go back to the country you are from?

This is so unnecessary. There is a lot going on in OPs post that is just ridiculous but @Emmia you do not need to go down this route. There are other migrants here, like me, who get asked this question very often. People who think of us like you would do better keeping it to yourselves. Majority of Britons are lovely and welcoming people but unfortunately they aren't the loudest.

the majority of people who come here though are not complaining all the time and only saying negative things about everything, If the OP really hates it that much then you know where the airport is ....

On the other side, if you can't handle a serious conversation is not my fault, we are talking (don't know who started ) about house construction quality and methods, it's not a complaining coming from no where, there is foundation in what I'm saying, have you ever build an house btw? Clearly not.

I don't work in my country because opportunities are few, and if any I don't even like them, and if you had studied a bit, you would know why.

Then, British love the workforce coming here to do what they will never do (low and high skilled jobs), do I need even to mention this?

-taff

The problem you have is that upper floors in italy are made with brick and then usually tiled so the floor feels solid. It's not like that here, we use wood. It's just as good for floors as tile but you don't trust it because you're not used to it. If you want to live in a house you trust built in the way you are familiar with, why not build your own.

I have seen great houses in Italy, and rubbish houses. Saying British houses are rubbish is pointless. You're generalising based on your experience. In my experience, I've lived good houses in Britain and bad ones, and I've been in good houses in Italy, and bad ones. Stop generalising, start understanding the difference in building and you might be a bit happier.

Or get a modern flat with concrete floors.