how much is youre mortgage
#44
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
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
#45
Originally Posted by Ryan
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
move into the new house in 6 days gareth, cant wait
#46
Originally Posted by GARETH T
BUK
getting land is a massive problem now!
getting land is a massive problem now!
#47
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
#48
I've found that life I needed.. It's HERE!!
Joined: Jan 2005
Posts: 1,154
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From: Kilmarnock, Ayrshire
Originally Posted by rssteve
Originally Posted by GARETH T
BUK
getting land is a massive problem now!
getting land is a massive problem now!
#49
Originally Posted by BUK
Originally Posted by rssteve
Originally Posted by GARETH T
BUK
getting land is a massive problem now!
getting land is a massive problem now!
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?
#50
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From: Kilmarnock, Ayrshire
Originally Posted by rssteve
Originally Posted by BUK
Originally Posted by rssteve
Originally Posted by GARETH T
BUK
getting land is a massive problem now!
getting land is a massive problem now!
#55
Originally Posted by NORTH YORKS RS SPARES
Bloody hell ,,i feel very sorry for youngsters today
How the hell do you live with payments like that
How the hell do you live with payments like that
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
#56
Originally Posted by TiB
Originally Posted by COMEDY DAN
The big bonus for house owners is property prices are set to rise this year as much as 17%. Bad time to buy really, but a good time to sell if you allready have a minimum of say 10k equity in your house.
Makes a sale worth while and a sensible deposit for your next one.
Makes a sale worth while and a sensible deposit for your next one.
I know its sunday morning but i dont get what your saying there my old china.....
It reads the wrong way round to me
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.
#66
Originally Posted by rssteve
Originally Posted by maxest
Originally Posted by COMEDY DAN
Time to sell your cossies peeps and clear out garages for deposits...
#67
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!
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!
#68
Originally Posted by COMEDY DAN
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.
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.
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.
#69
Originally Posted by BUK
build them yourself like i do then they are not expensive
How much dose it actually cost to build a house?
Have heard you can still get a mortgage for this / is this true.?
#70
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From: Kilmarnock, Ayrshire
Originally Posted by miller3
Originally Posted by BUK
build them yourself like i do then they are not expensive
How much dose it actually cost to build a house?
Have heard you can still get a mortgage for this / is this true.?
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
#71
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
by the time we can afford a mortgage the house prices will be way out of our budget
#72
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
so i.m stuck at home with parents does have its plus points
but also so many bad points
#73
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
#74
)
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 )
Originally Posted by PAULDPALMER
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
#75
Originally Posted by BUK
Originally Posted by miller3
Originally Posted by BUK
build them yourself like i do then they are not expensive
How much dose it actually cost to build a house?
Have heard you can still get a mortgage for this / is this true.?
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
Cheers BUK.
Nice plot of land next to my birds house about 3 acres.
#78
£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
£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