We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
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!
Barclays deemed 4th floor flat close to Central London to have no sustainable resale potential
Comments
-
I saw a London flat I loved but it was a roof extension so 2 floors then a further 4 flights of tiny narrow stairs ~(no lift) . I did not really notice the lift til my older friend came and pointed them out. I am v fit but the thought of dragging my cases up and down narrow staircases as I travel a lot for work meant I decided against it. even though I loved it. So sadly it does make sense that banks think stairs no lift does limit resale..
Hope you find a broker though that will help.DON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest0 -
As I said on the first page I suspect it is because of the additional requirements of the Fire Safety (England) Regulations 2022 regarding cladding, in the wake of the Grenfell fire.
We do have similar regs here in Scotland for buildings over 11m high (the Building Scotland (Amendment) Regulations 2022) but Scottish tenements seldom if ever have external cladding.0 -
SXX said:
I don't think a top floor would be suitable for people with young families, or people with mobility issues.
You can't predict the future though, someone buying a 5th floor no lift flat could easily end up having kids or mobility issues during the mortgage term.
I suspect the issue is more to do with fire/safety regulations than concerns about suitability though.
0 -
I don't know, I had seen similar criteria many years before Grenfell.Herzlos said:
I suspect the issue is more to do with fire/safety regulations than concerns about suitability though.SXX said:
I don't think a top floor would be suitable for people with young families, or people with mobility issues.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246.1K Work, Benefits & Business
- 602.2K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards