Bellway Homes

glen8

consnmattsmom wrote: »

We are still awaiting the mortgage offer!!! :mad: :mad: First Active have had a computer problem with porting mortgage rates this week so we know that we have been approved just gotta wait for the docs.

Have u exchanged yet Glen?

My sister has received a leaflet mailshot from Bellway today and there are several sites on with substantially reduced plots. To my horror our plot is listed on there for £14000 less! :eek: :eek: I have spoken to Bellway and they said its a printing error and the wrong plot number has been put on. However its still the same type of plot but just in a different (not so nice spot) as ours. I have tried to get them to reduce pp a bit due to the leaflet but no joy.

Do I have a leg to stand on or can they just say its a printing error and get away with it?

No, we have recieved the mortgage offer and signed the deeds. We recieved all the papers from the council three days ago. I don't think we have anything left to actually do/sign now. It's just a waiting game.

Someone is coming over on Monday to do an energy survey (for HIPS?) and we have a show a couple aroud the house tomorrow :rolleyes:

Tried getting some info from the solicitors but they are useless. I may ring the site office tomorrow as I wouldn't mind asking if we can put some of our patio furniture in the new garage.

also....I wouldn't worry too much about seeing your plot up for 14k less. It will be a printing error plus plots vary in price no end.

The same style of house we are buying varies from 199,950 - 229,950

However, we may start seeing new bellway homes drop a bit due to the economy but if you plan to stay in the new home for 5-10 years don't worry.

Enjoy your new home.

Do u want my MSN Messenger addy so we can chat?

Kez100

I do wish people wouldn't keep saying 5-10 years! It freaks me out as in the last crash 5 years was the very worst point!

(Not a dig at you, but everyone who says it!)

I've been there got the T shirt,see.

Prodnose

It sounds like you chaps are very lucky: I'm delighted for you.

Unfortunately, I think that Bellway are the biggest bunch of ********s going. Things are, as you might gather, not going well for me.

My other half and I saw a new Bellway Home back in April with big banners around the site saying "110% Part Exchange Available". This was very attractive because we wanted to move soon and so this took the hassle out of moving (apparently).

Their valuers looked at my house and set a value which I thought was a bit low but thought it was OK because of the 110%. When I did the calculation with the sales lady she said "oh, sorry, no you don't get the 110%: it's not available for the property you're buying, only some other ones on the estate." There was no mention of this on those large banners: funny that. Anyway, after a bit of grumbling, Bellway agreed to pay my Stamp Duty, which did not entirely make up for the shortfall in the Part Exchange value on my house but went some way towards it and, with the saving on Estate Agents' Fees and hassle, I thought that it was still a worthwhile deal and paid my £1,000 reservation fee.

I have appointed my solicitor, searches have been undertaken, etc. and my mortgage is arranged (and arrangement fees incurred) and contracts are due to be exchanged within the next few working days.

I received a 'phonecall from the Bellway sales lady, yesterday saying "sorry, Mr Prodnose, we've looked at the survey report on your property and we're not sure we can take it in Part Exchange - there's about £20,000 worth of work that needs doing. We could take it for £20,000 less, though." This is naughty on so many counts: before them agreeing to the Part Exchange, I had supplied them with the survey report which I had had commissioned when I bought the house and the only specific item which the sales lady referred to had been raised in that report, so they were fully aware of the condition of the house before making the offer, so I see no reason to change it now. Furthermore, it is a fair age now and that was clearly taken into account when the low valuation was given so there is not a further £20,000 to come off. Finally, the survey was carried out weeks ago so the fact that they have chosen to raise it now, so close to Exchange, is clearly a piece of brinksmanship.

It is difficult to describe how incensed I am by this. The lady was going to "talk to Head Office" to "see what they say" and I am awaiting the outcome. In getting a mortgage valuation on the new house, the surveyor has valued it at £30,000 less than I am (going to be) paying for it (if the sale goes ahead). When I am called back I might suggest that I agree a £20,000 reduction in the PE value if I can have the £30,000 reduction in the purchase price.

mrs_deadline

Prodnose wrote: »

Finally, the survey was carried out weeks ago so the fact that they have chosen to raise it now, so close to Exchange, is clearly a piece of brinksmanship.

It is difficult to describe how incensed I am by this. The lady was going to "talk to Head Office" to "see what they say" and I am awaiting the outcome. In getting a mortgage valuation on the new house, the surveyor has valued it at £30,000 less than I am (going to be) paying for it (if the sale goes ahead). When I am called back I might suggest that I agree a £20,000 reduction in the PE value if I can have the £30,000 reduction in the purchase price.

But first, why not say you need to "talk to your advisers" and "see what they say", could take some time, probably isn't going to go down very well, get back to you in a few days, etc. etc.

cats!

Bellway are a bunch of cheeky !!!!ers!

I suggest you politely remind them that market conditions have changed since the initial offer to buy was made and that you are reducing your offer by X amount to reflect this, particularly as new builds are more at risk.

They have a damn cheek doing this so late in the day. Perhaps you should consider by-passing the sales drone and going higher up within the company for a satisfactory response.

Falling that - tell 'em to shove it!

Prodnose

Thanks, Mrs Deadline an Cats!.

I do like the idea of having to "talk to my advisers" and of reminding them of what the current market conditions are like.

I am, indeed, very tempted to tell them to shove it, at the moment and will certainly not be reducing the price of my house whilst Bellway are expecting me to meet the over-the-top price of theirs. I am sure it is a bit of games playing and that they would not really let the sale go down the pan: the development is complete and several properties on it remain unsold meaning that they are racking up insurance premiums, security costs, utilities bills and financing costs on the house. Given what they will get for it if they have to start marketing it again now, it is worth their while to stick with our agreement.

Lotus-eater

Tbh I would be alot more worried about the fact that I was paying £30000 more for a house than it had been valued at.

Prodnose

Lotus-Eater, you're right, of course, although one of the reasons for such a big difference is that we agreed the prices in April but the survey was only carried out a couple of weeks ago: during that time people have become a lot more cautious. You always pay a premium for it being a new property and it is advantageous to know that there should be no decorating, DIY and what-have-you to do for a few years, together with NHBC cover and the like. In addition, as I say, Bellway are paying the Stamp Duty, so that's nearly £9,000 that I'm "saving".

The biggest attraction, however, was the Part Exchange: my house taken off my hands and no waiting to move which, in the current property market, is a definite advantage. As the deal was set up, I was aware that I was not getting the best possible deal but it met my needs: if they wish to change it in their favour then it will not meet my needs and I'll be walking away.

I have managed to get an e-mail address for the "sales manager" and have written to her, so I shall see what happens.

Lakey

So effectively Prodnose, you will be losing £50K before you even make your first cup of coffee.
If I was you I would pull out and only loose £1k.:money:

vwcampervan72

OH works for Bellway and he said go for it, try and get a huge reduction as their houses arent selling, its a buyers market