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I've been into a couple of AD's- no watches for sale, no watches likely to be for sale, welcome to put your name on a list.
Coming back to my car analogy, my pal has just ordered a new GT3. When he put his name down he was told there were ~20 people ahead of him and the dealer was only getting ~4 cars so basically no chance.
Plenty of folk were happy to spend ~£150k when they could enjoy the car for a bit and either get their money back or even make a profit, now that’s not really a thing people are reconsidering.
Not saying this will definitely happen with watches.
But it probably will.
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Is that why the solicitor is asking the sellers to locate the conveyancing docs from 1934?
Yes.
If they can’t find it chances are your solicitor will recommend the sellers provide an insurance policy that covers the cost of sorting things out if there’s ever a disagreement over the passage in the future.
This is really normal toing and froing with conveyances on older houses, there are always loose ends that you have to take a view on. Chat it over with your solicitor but likely nothing to worry about.
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Find out who owns it from Land Registry. Approach them. Offer way more than it’s worth and suggest an uplift that pays them again if it ever gets planning.
Whether they’ll go for it depends what they can think of to spend the money on. I have a friend whose neighbours gave him some of their garden for just the cost of the legal fees because they were stressed out by having to maintain it. Similarly if it belongs to someone who owns 2000 acres that have been in their family since the enclosures there may be no price they’d sell at.
Offering to rent it and maintain it might be more successful.
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They’ll be with the conveyance docs your solicitor has. Or should be…
The solicitor says the red lines are a guide because photocopies or whatnot might have distorted the boundaries or sth...
Yes. What’s been on the ground for a while usually takes precedence over plans as plans (esp those drawn In the 30s) are often inaccurate and things change. For example if that rear lane has been closed off as Kurai suggests and can be shown to have been like that for [I think] 12 years you’re not going to have much luck trying to reinstate the use because of a document from 90 years ago.
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Note it is not included in the title plan of either property
Half the passage is owned by each house, the red line always falls inside the boundary.
There will be another drawing showing points C and D and the brown bit that will make it all clear. Looks like there’s a side passage plus a rear lane so it’s a bit confusing without the other plan.
ETA: all normal, sensible arrangements - someone owns the land, others have rights to cross it.
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Are people just insulating inside solid brick houses directly on to the walls?
An architect friend reckons lots of people are and that without first creating a ventilated cavity they are going to cause mega problems in ~10 years. Brick is porous if not permeable, depending on orientation and sun exposure it usually only dries fully once every four years or so, significantly aided by the heat from inside the house. Once insulated that internal heat won’t help the drying process much and eventually the brick will be damp right through, but you won’t know because it’s covered internally by insulation. The damp will just slowly fester behind the insulation getting worse and worse until eventually signs will appear internally but by that time the wall behind will be a gopping bio hazard and will require significant repair.
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There are mortgages and there are mortgages.
A 95% mortgage at 5x earnings from someone on commission is a much bigger ask than a 20% mortgage at 2x earnings from an unsackable person like a nurse.
And then there is an £8k difference on a £1m sale and an £8k difference on a £100k sale.
You also want to look at why they want to buy, in an iffy market you want the most committed buyer more than the highest bidder.
Simple really.
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In the old car market, where I lurk, it goes that when everything is flying it doesn’t really matter how good / original something is because those new to it don’t know or care much, but when things tighten up the exceptional stuff still makes the same money but the average stuff doesn’t sell. Is that the same with watches? Is it happening now?
Apropos nothing, just interested.
Have you considered CyClINg??!???!!1!!1!!