LOL plots r rarer then hen's teeth!

 

£709 a month for 135000 over 30 year fixed rate for 2 year and then move it for a better deal

Alliance and lecister

 

yeah well the butlers is aksing for a raise so i have to tighten the purse strings.

move into the new house in 6 days gareth, cant wait

 

my first home cost me 36k 8 years ago then sold that 6months ago for 105k
just brought our new home for 130k which is now £600 a month but i have let my morgage run so i only have 17 years to pay

 

wicked mate,, onwards and upwards! has this one got a helipad?

 

True, im in the trade and been looking out for and had some adverts for small plots for self build. Theres a bigger problem even if you find land where the seller hasn't gone straight to a local developer, genrally to get the most money they get planning for a block of flats. which gives them more profit.

 

ive not got a mortgage either but i rent...end of the day its something holding me back, i dont have no big assets so im ready to move when i want..it might sound selfish but to be honest i dont realy want to live in britain the rest of my life

 

i am a local developer though

 

and you probably build flats, as you make more profit.

just out of curiousity, what do you pay for a 3 bed house plot of land? and whats the selling price? normally around a third of the selling cost aint it?

 

if i was looking for land for my own house and i got offerd a piece if could either build my own house on or flats, id weigh up the options, who wouldnt ??

 

740 a month on 155k for 40years!

 

i didn't even no you could do a 40 year one.

 

I only rent, an prob will be doing forever!

My mum pays £400 a month on a £18,000 morgate.

Bought 23 years ago.. so nearly paid off

(Re-moragagted it couple of years ago)

 

i rent thats £475 a month just cant afford a mortgage

 

we dont


i got my first mortgage early last year its £750 a month for 30 years and that was for 120k me and the gf went from having £2k spare a month to about £500 a month now

 

If you already have a mortgage then you are cashing in as the value is going up. You could have your house valued in 6 months time and find its gone up 15%, along with your equity you may have then there is some good money in the house and worth selling.

If you are not a home owner and the price is going up, its not an ideal time to buy.

Best time to buy is when prices drop, as with anything matey.

 

Just out of interest, how old was everyone when they first put a deposit down on a house?

 

280k

bout 1400 a month I think.. never really look

 

DaveEscos

fuck dude,,, 1400 a month

 

No mortgage. Own house outright

 

about that, yeah. thought that was ok on a 280 mortgage

 

it is good for a 280k mortgage, its just alot of money to me

just to put it into perspective the uk average wage is 20k, thats 1300 quid a month take home

 

tell me about it... i wish I'd stayed at home!

 

£570 a month, borrowed 110k @ 4.99% on repayment mortgage over 30 years. Had it 14 months n it still gives me sleepless nights (only 23).

 

course you will, i thought the same but got there in the end


Luciano and Mrs

 

Nope sold the evo, and the cosworth i had

 

430 a month on 75k over 25 yrs on a repayment mortgage - and i was only 20 when i took out the policy - had the house a year now (december 16th) and im lovin every min of it - although it is a strugle to afford a house and everythin and have a nice car aswell - but im tryin

Only 23 yrs 11 month left now!! Wohoo

Plus if I didnt get on the ladder then I never woould of done - all my mates are well jealous plus now i've got money in the bank - Get in!

 

Why would you sell? Yes, your house has increased in value, as has your neighbours, the people in the next counties, and everyones accross the country!

So unless you move to an area where prices are generally cheaper, you won't realise any free cash without downgrading your house.

FAR too many people on the buy-to-let bandwagon, far too late in the game, imo.

My colleague has 2 flats he has bought to let (c.18months ago) and struggles to fill them with tenants to cover the mortgage. How can you expect tenants to pay a large % more (you quoted 125% of the mortgage) as rent than the mortgage would cost them? Surely they'd not have a problem getting a mortgage if they could afford this.

The market is overdue for correction.

 

Something i have thought about.
How much dose it actually cost to build a house?
Have heard you can still get a mortgage for this / is this true.?

 

loads of places do self build mortgages now , they all offer differnet terms, but the best one i have seen is a 95% advance , basically they give you 95% of total costs, so land costs and build costs up front when you agree to take it out.

prices can go from 50k right upto anything you want, all depends the type of house you want your average 4 bed villa around 1500sqft costs about 70-80k to build

 

cant afford a mortgage, rent is £385 for a 3bed terrace want to move to somewhere with off street parking but there is nowhere at all thats remotely decent around here for under £500

by the time we can afford a mortgage the house prices will be way out of our budget

 

i can not afford to move out only bring home£860 a month and adfter other bills not left with much
so i.m stuck at home with parents does have its plus points

but also so many bad points

 

in 7-8 yrs time im gona buy outright will have about £130k saved.......at the mo im paying £475 a month for my 3 bed semi and ill be saving about £1k a month towards the house.....mortgage free @ 38 sounds good to me

 

)Mortgage free @ 27. Even better. And the only reason I'm able to do that, NO Cossie!!!! (although nothing against anyone with a Cossie, had 2, loved every minute, except for the 2wd Saff that tried to kill me )

 

Man how cool is that' some thing i must look into more.
Cheers BUK.

Nice plot of land next to my birds house about 3 acres.

 

i was 23 when me and the missus got our mortgage, paying £680 a month for £112k over 25 years... only 23 years 5 months to go

 

paying 525 a month on a 78k mortgage on a 90k property over 25 years.

Started when I was 18 and my flatmate pays half.

 

£180k
£965 p/m
repayment
25 years
4.29% fixed till the end of the year
then move to chelsea where they give you some cash (10% of the mortgage vaule i think), bank that and use it to pay of the mortgage

and, in 5 years time pay another lump off
but there are 3 of us working to pay the mortgage, me paying, the other 2 saving up for the lump sum deposists

 

Its shit now, i'm currently looking at a £1040 a month mortgage for the next 35 years !!, the missus can't even put anything towards it for a few years due to her loans and a crap wage !

 

me and mrs pay £456 a month for 30yrs on £89,ooo (repayment), we were paying £450 a month to rent so we had to go for it and aint looked back.