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Hi @CRANKY40 I’ve just looked at the photos I have and there’s no cracking on the inside - although it is all wallpapered so hard to say for definite. The wallpaper is peeling a bit in places but wasn’t damp to touch, so I think a lot is down to the age of the property. There was damp in the box room where the flat roof leaked, but the roof was replaced less than 10 years ago and the problem hasn’t reoccurred.
❀ total
debt at LBM 01/2023: £47,178.76 ❀ debt at highest point: £51,062.14❀
£1600+ made on vinted since 2023 ⚜ we could get better, because we're not dead yet - frank turner. ❧ ------------------------------------------------------------------------
£1600+ made on vinted since 2023 ⚜ we could get better, because we're not dead yet - frank turner. ❧ ------------------------------------------------------------------------
I don't think people will be mad at you, more worried about you as am I from following your thread,
Moving is one thing, taking on a major doer upper with no reserves, when still in debt and dependent on you both needing to have jobs as well as work hard on the property is quite another; especially when one of you has shown no inclination so far to contribute much either financially or practically. Your husband also has 5 children - presumably if he does start to earn then he will have to start paying for them too which will dilute his wage somewhat.
You also have no prior experience (I think) and are only planning to do the labouring type work or fiinal finishes yourself. Unfortunately its the stuff in between that costs, especially structural items. I have lent money in the commercial world for many years and experience v complexity of work is always a key part of risk assessment.
I can also see the project stalling when you run out of equity as you might well struggle to borrow with current debt levels and history.
I know this is negative commentary and at least you have moved away from bridging finance (which was unworkable) but I truly hope you are being realistic and looking at each of the risks fully. There must be other properties available.
Good luck and I hope Mr F&F gets a job very soon which is probably the first step to improving things overall.
Good luck with the move, remember to make sure you keep to your budget. Also remember that you can walk away at any point before exchange.
Will you be able to afford a full survey as often the surveyors can give costings. Or you can have a builder lined up to give an indication of cost from the points raised as urgent on the survey keep posting
£1600+ made on vinted since 2023 ⚜ we could get better, because we're not dead yet - frank turner. ❧ ------------------------------------------------------------------------
£1600+ made on vinted since 2023 ⚜ we could get better, because we're not dead yet - frank turner. ❧ ------------------------------------------------------------------------
You absolutely need a structural engineer to have a look at it before you commit.
They could all be major or just cracking to the rendering. The one at the left top of the window I think looks alarming as it looks like a there’s a decent gap and I’d be surprised if that’s just a crack in the render and not deeper, but an expert will be able to tell.
My rule of thumb (based on buying a doer upper many years ago) is, estimate how much you think all the work is going to cost, then double it. We were pretty handy and did plenty ourselves, or had friends/family in the trades who either helped or gave up ‘mates rates’ and we still spent thousands and thousands. And that was without any major renovations such as extending etc
28/12/24 Deep savings: £14,492.28/£20,000.00 Mortgage balance: £157,183.78 MFW #53 £7.66/£10,000.00
It could be the render and the bricks underneath are OK. On the outside of a house if it is subsidence the crack is normally a zig zag pattern vertically. However a structural survey will tell you more. Also if a house has been underpinned there is not a problem in getting a mortgage as most lenders understand the problem has been dealt with.You get a certificate from the surveyor stating the work has been approved and house is structurally sound.
Looks very much like our house number 4. That had had subsidence. It had been underpinned in the 1970's, having been extended in the 1920's. Because all the paperwork for the underpinning was with the deeds, the new owners had no problem getting a mortgage. (We had bought outright). I think it has subsided, I'm afraid. If so and no underpinning in place, and you still want it, it's a good reason to get the price right down. They will probably only be able to sell to cash buyers. Good luck, whatever you decide, hugs, mumtoomany.xx
