The UK has borrowed too much money, has a massive debt - £105 billion goes on paying our debt interest

It’s relevant because you’ve just typed a four paragraph rant about rooves not lasting forever and a 30/40 year old roof being past its lifespan, Many people live under rooves that are hundreds of years old.

Look at Google street view - why is your house/roof relevant - you don’t live on that road in that type/age of house!

Our roof is over 200 years old. No leaks. 🤷‍♀️

If it’s original to the house it’s well past lifespan and that will be flagged by the surveyor and probably a replacement made a condition of mortgage by the buyers bank or building society.

You can also see from naked eye that its bowing and uneven meaning the wooden batons under the tiles are rotten, if not some of the beams. That will also be flagged on the surveyors report.

The house next door won’t have had a new roof for the fun of it - theirs will have failed and it’s only a matter of time for the entire rows roofs to be replaced. It’s how it goes with old houses. Roofs don’t last forever. It’s probably already leaking, hence the obvious wood rot.

Google maps street view of that road shows loads of houses with new roofs so it’s clearly a common problem for those types and age of house on that road!

It’s grimly fascinating to see how few people have mentioned the real elephant in the room - mass immigration. They’d rather shaft/ blame pensioners and the disabled than even mention the population explosion, which is the ACTUAL reason that housing is so limited and expensive. The real reason their kids are finding it impossible to move out.

In addition illegal immigration is costing us billions per year. The hotels these immigrants are being put up in cost around 14 million a day. That’s not a ‘right wing talking point’. It’s a fact.

Yet people on mumsnet will do anything to avoid talking about this. It’s astonishing that it’s more socially acceptable to target the disabled and elderly who have spent their whole lives here.

Why? Just because next door’s has been done?

Roof looks like replacement needed too. That’s £10k at least.

No, they would be downsizing to smaller / cheaper, but don't wish to release ££ by selling and then a spend similar amount on stamp duty on purchase of new house. In that case, they would be no better off financially, with a smaller (cheaper) house to sell in due course

Makes more sense to rattle around in the bigger / more expensive house, and raise more money when it's eventually sold

I'm not sure of sums involved but they've done the maths

Richard Murphy has interesting videos on YouTube. Also Gary Stephenson and doubtless others. The welfare state for banks and corporations is mind boggling. But I doubt anything will ever be done about it. I'm old enough to remember Gordon Brown promising to close the tax havens - most of which are under UK jurisdiction. As someone smarter than me put it ' we desire the ends but refuse to will the means'.
Can't borrow anymore , refuse to tax obscene wealth. Just leaves one option : stamp on the poor. And pretend there was no alternative.

That foam insulation can make it really hard to get a mortgage.

The house looks liveable otherwise.

'Modernisation required throughout'????

What is wrong with the world? That house is perfectly liveable in, and when I was young people lived in houses that required far more 'modernisation' than that house, and did any work as and when they could afford it. I can't help but start to lose sympathy with the young people whining about not being able to afford to buy a house - often what they mean is they can't afford to buy the perfect house.

I'm renting myself, and my flat is a 70s flat with no 'modernisation' other than a new bathroom - which only happened this year due to a leak which required the bath to be removed. The flat behind me still has the original bathroom.

I live in NZ and there is nowhere in the country where you could buy a house for that amount of money (meaning they cost more here) and our wages are not high.

Modernisation required throughout and asbestos apparently. There’s always a reason something is really cheap.

Public transport is shocking here too - expensive and infrequent.

I give up.

The accounts are separate. How many more times? Council tax goes nowhere near the housing account. 🙄

By law, all our financial activities as a housing landlord must be kept separate from our other finances. This means it is illegal for us pay for other services using money from our Housing Revenue Account, and vice versa

https://www.thurrock.gov.uk/how-we-plan-our-finances/housing-revenue-account

If everyone moves to cheaper areas they don't tend to stay cheap though & there tends to be a requirement for housing to be near jobs or transport links that facilitate getting to jobs.

I found this property on the Rightmove Android app and wanted you to see it: https://www.rightmove.co.uk/properties/158764682 Anything wrong with this?

There are areas in the North eg Hull where you can buy a house for £100k maybe move to an area like this if he wants to buy a house. You must live in an expensive area. I'm in the Midlands and there are houses for £275k.

@NeedToChangeName do they need to downsize to a more expensive property?

My parents would love to downsize but stamp duty makes it prohibitively expensive

I do live in the North and average house prices here are around £289000.

Minimum wage is £24k, so borrowing probably 4x annual wage only gives 100K. I can’t see anything on Right Move for that unless it’s in a very poor condition and needs gutting which will be hugely expensive due to rise in labour and material costs.

The banking crisis and COVID/Lockdown.
It’s got to be paid for.

My youngest adult DS has a friend who saved up a deposit from working in a minimum wage job from leaving school at 18. He lived in a room in a shared house and was very careful with his money often working long hours to get overtime pay. After 6 years he had saved enough for a deposit on his own with no partner. If people choose to live in the South where house prices are expensive that is their choice. No one forces them to live there. My eldest adult DS moved up to the North in order to buy a house because house prices were cheaper and he could get more for his money. Too many people are passive and don't try to find a way.

I had some uni debt - just missed tution fees - paid for my own wedding - save house deposit and have had no childcare help.

I do not see how my DC can do the same without some inheriance or help as over last 20 years all that got even harder to do and it's not been easy for us.

Our parents were supportive but not in position to financially help much - we in worse poistion then them at same age- we are further away from retirment with less good pensions with a mortage still - they'd paid there's off by now. Best we can do is offer a roof but wether that's near work for them who knows - not an area of high employment.

They stand a chance of inherting 1/4 of estate which will be mostly a house and possible 1/8 of another at most. Nothing guarantee as their DGP may need that money for their own care. They won't inherit likely from us till well past time it would help them. My kids do well educationally so stand a good chance of higher paying jobs - and yet will still likely need help.

I know many families with nothing to pass on - I do wonder if we continue to have high rents, house prices and cost of living how many will every get on.