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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

"It's a shame you can't get a new build"

433 replies

itscominghomeee · 04/08/2024 18:18

I am mid-twenties and single. I have worked hard to save up a deposit to buy a house and now have enough of a deposit, and a not-huge-but-reasonable salary in my first managerial post, to make offers on houses. None of my similarly aged friends are at the stage of buying a house yet. I am looking at typical first time buyer houses: terraces or even some semi-detached, but my mum and her sister have commented a couple of times that it's a shame that I can't buy a new build.

I went yesterday to see a house with my mum and the current owner has refurbished downstairs and put a new kitchen in and installed a downstairs toilet within the last two years. Upstairs is in good condition too, but my mum said afterwards, "from downstairs you almost think it's new, but when you go upstairs you remember that it's a very old house".

My mum also told me yesterday that her sister had said to her again recently, "couldn't itscominghomeee get a new build? There are lots of new builds being built in that area".

AIBU to feel upset by these comments? Of course a new build would be lovely, but it's unrealistic for the vast majority of people in my age bracket and stage of career, especially those who are single. The comments feel like they're undermining my hard work saving up and like my mum/aunt are saying that the houses I can afford aren't good enough.

OP posts:
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FinalInstructionstotheAudience · 05/08/2024 06:21

New build are made of spit and tissues.
Do not buy a new build!!!!!!!!!! Ever. So many stories about endlees snags, water issues, etc. And they are as ugly as fuck, particularly the 'top end' one that are beloved of Omaze, WaGs and the nouveau riche
Do not buy a new build!!!!
Getvthe home you want. Tell you family to mind their own sodding business

IpsyUpsyDaisyDoos · 05/08/2024 06:17

Bluffyslummers · 04/08/2024 21:49

sorry what are you talking about? Most lenders won’t do a 100% mortgage on a new build? Yeah because most don’t anyway.

i literally make mortgages for a living. This isn’t a thing. I’ve worked at niche lenders and big banks. Some won’t lend when you’ve got a htb equity loan in the background.

they don’t enter into negative equity in the first few years or else no lender would offer a 90% LTV mortgage or frankly any other mortgage on an asset that will go down in value. Negative equity is a huge problem for lenders they wouldn’t enter into a deal if this was a known fact.

what you mean is that new builds and htb artificially inflate the price so they might not rise as fast as other similar size (yet older) houses in the area. My house is new, and in 5 years it’s gone up between 80-90k. I had it valued by surveyor.

If you "do mortgages for a living" then you'll understand that what I said was "lend against 100% of the purchase price". As in, they haircut it, then decide on the LTV, not give you a 100% mortgage. Maybe you'd like to re-read my post.

I also have spent many years "doing mortgages for a living", except I worked in the teams who decided on the pricing and criteria, doing a lot of analysis of values and competitor criteria.

IpsyUpsyDaisyDoos · 05/08/2024 06:13

Grammarnut · 04/08/2024 21:28

I know. But in terms of the UK housing stock the 1980s is a 'new build', not built the traditional way.

It may be a "MMC", Modern Method of Construction, but no surveyor would refer to it as a new build.

Hunglikeapolevaulter · 05/08/2024 06:00

These comments are funny. I've just sold my slightly older than ten year new build. It was a spacious detached house with a garage and large driveway. Tiny bills for the size and no mould, in fact when people talk about needing dehumidifiers I've been baffled.

my6 · 05/08/2024 00:41

hmm, at least with a new build you get 10 years warranty as standard. tighter building regs too. no asbestos etc

Elphamouche · 05/08/2024 00:38

Wouldn’t touch a new build with a barge pole!!

Sweettastic · 04/08/2024 23:19

StillCreatingAName · 04/08/2024 23:12

And it’s these very rows of period terrace houses, two up, two down style, that are an affordable option to FTBs. They come with lots of character but also problems that need £ applied to keep the house in good shape.

Yes, my previous home, a Victorian terrace had damp in the walls and all sorts. Also high energy bills due to the very high ceilings and it was impossible to keep warm really

80smonster · 04/08/2024 23:16

I loathe new builds.

Sweettastic · 04/08/2024 23:16

I live in a new build but its not a huge estate. I'm not overlooked at the back which I know a lot of people in new build estates are. There doesn't seem to have much privacy in some.

My old home was a Victorian terrace, riddled in damp and various other issues. Sky high bills. My bills here are so much cheaper. Also have a decent sized garden, not all new builds have small gardens. older houses may need renovating or rewiring but not always. There is pros and cons to both

Fannyfiggs · 04/08/2024 23:14

ItsVeryHyacinthBucket · 04/08/2024 21:51

New builds are generally vile. A recently renovated older property has bags more character and likely be roomier and have a proper sized garden too.

Your name is very apt. There are a lot of Hyacinth Buckets on this thread looking down their noses at new builds/people's homes.

You would think that everyone on Mumsnet lives in a 17th century country manor house 🙄

StillCreatingAName · 04/08/2024 23:12

And it’s these very rows of period terrace houses, two up, two down style, that are an affordable option to FTBs. They come with lots of character but also problems that need £ applied to keep the house in good shape.

Twitchingthenightaway · 04/08/2024 23:05

Dreamingofgoldfinchlane · 04/08/2024 22:59

I agree. There are lots of spectacular period properties but the endless roads of identical old terraces and semi-detached houses seen in so many UK towns and cities are awful.

Absolutely and often on very narrow roads that are really difficult to drive down because they are full of cars on both sides as they don’t have any off street parking, very depressing.

Qanat53 · 04/08/2024 23:00

New builds often shoddy. New owners discover all the mistakes, better buy one that have the problems already sorted. F her and her new build mentality.

Dreamingofgoldfinchlane · 04/08/2024 22:59

Twitchingthenightaway · 04/08/2024 22:54

No need to apologise you like what you like, but not all old houses look like they should be on a postcard either.

I agree. There are lots of spectacular period properties but the endless roads of identical old terraces and semi-detached houses seen in so many UK towns and cities are awful.

Didsomeonesaydogs · 04/08/2024 22:59

Houses aren’t cars.

FunnysInLaJardin · 04/08/2024 22:59

we haver never had a new build and have owned houses for 35 years.

Horrible houses

StillCreatingAName · 04/08/2024 22:58

Twitchingthenightaway · 04/08/2024 22:46

They are online if you want to view them, and not all old houses have wonderful features you can “drink in” many are you know, just old! with no fabulous features, many ‘old’ houses can be very bland indeed, old does not automatically mean character.

This. Damp and stinky old carpets don’t mean character. It actually costs thousands to fully renovate a period property- particularly any that were previously renovated in the 1980s, 90s. You need alot of spare cash or access to funds to change the windows, repair or fully replace a roof, before you can start any decorating, plastering of old ‘character’ walls. If all the big jobs have been done, you often find the original character has been stripped in favour of an easy to maintain, modern interior, particularly with the kitchen and open plan dining, if there’s room for that..or an expensive new modern extension has been added on to a period property.

Bs0u416d · 04/08/2024 22:55

Who on earth wants a new build? Good lord. Is David Wilson your uncle or something?

Twitchingthenightaway · 04/08/2024 22:54

CosmicDaisyChain · 04/08/2024 22:51

I disagree. Sorry 😔

No need to apologise you like what you like, but not all old houses look like they should be on a postcard either.

Viviennemary · 04/08/2024 22:53

A lot of new builds are cramped and over-priced. I wouldn't go for one.

CosmicDaisyChain · 04/08/2024 22:51

Twitchingthenightaway · 04/08/2024 22:46

They are online if you want to view them, and not all old houses have wonderful features you can “drink in” many are you know, just old! with no fabulous features, many ‘old’ houses can be very bland indeed, old does not automatically mean character.

I disagree. Sorry 😔

Twitchingthenightaway · 04/08/2024 22:46

CosmicDaisyChain · 04/08/2024 22:35

Now let's see the inside? Each one a carbon copy of the next. Like I said, nobody is going to be drinking in the period features in a hundred years time.

They are online if you want to view them, and not all old houses have wonderful features you can “drink in” many are you know, just old! with no fabulous features, many ‘old’ houses can be very bland indeed, old does not automatically mean character.

Catpuss66 · 04/08/2024 22:44

BeachRide · 04/08/2024 18:19

I hate new builds. Give me something that's been standing for at least 100 years! As long as the electrics/heating/windows are good, I'm there.

Me too my house was built in 1820 high ceilings bigger than it looks.

Bluffyslummers · 04/08/2024 22:42

Twitchingthenightaway · 04/08/2024 22:33

Redrow have built these styles in my town, sold like hot cakes.

Sell like hotcakes around me too, even the permisson ones.

I would say though that as 10% of new builds have to be affordable housing aka social housing you do need to be careful where your house is, it’s quite sad but you can easily spot the social housing (for litter and fly tipping) where we are, feel sorry for those who bought a 350k 3 bed opposite. Doesn’t seem to impact the re sale value of the houses though

StillCreatingAName · 04/08/2024 22:39

Why on earth would you want a new build?! Cardboard walls, loads of issues, social housing on your doorstep, no garden, packed in so overlooked.

Such an ignorant and snobby comment about social housing.

Although still standing, the much desired by FTB period properties were once occupied by working classes, rented not owned by large families occupying such a small space. The same terrace houses are very packed in and overlooked, with tiny back yards, you can hear a neighbour stirring a cuppa, loads of issues such as damp, a roof that needs repair and windows that cost thousands to replace.

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