£800 a month on a 150k mortgage, house worth £200k.

First time buyer

 

are you puttind down a 50k deposit or is someone selling a 200k house for 150k

 

Currently £0


I was thinking about putting money down on a house this year, but with the current trend in house prices (leveling off) i dont see that there is much need to rush out a buy a property for the sake of it. I feel that this only becomes necessary when the cost of living in your own home (ie food, water, gas, eletric + council tax) is less than the increase of the value of the house.

For example it may cost me say £130 council tax a month, £150 food and £100 on the rest, unless the house prices are on the up by £300-400 a month I cant see the point of investing at the moment as i would be losing money! Well thats my exause for buying a cossie next time the misses asks anyway

 

£50k deposit

 

50k deposit What bank did you rob?

 

*edit* i must read properly

 

i was thinking that for 800 quid a month his morgage of 150k is gonna be the over 3 life times

 

be about 25 yrs mate! similar to mine

 

would it ?????


sure its more like just over a grand for 150k

but supose it makes sence,,,,,,,,, if hes got a good rate

 

hmmm so you pay the best part of 10 years worth of £800 just to cover the interest?

 

£780+ all the insurance shite,stuck with it for a year to go then i can change Got a bad deal as i couldnt be choosey,i had been out of the country for ten years with no credit history ,but allso no debt and this went against me .Couldnt prove my earnings so 10% deposit and only fill in a couple of the shead loads of questions on the application.
Had to get on the ladder again as it was getting silly price wise

 

yeah it depends on the rate. changes every month especially for a fixed one. We got a quote that was about 30 quid a month different a month after the first quote

I think its like insurance

 

I've got a big piggy bank! I've got £30k to put down and the bird has £20k.

The mortgage is over 25 yrs

 

thats why endowments where such a popular idea bad in the days,,,,,,,,, except the all lost money , the idea was it counteracted the interest


i rememeber my old man getting hassled by this bloke about him being mis-sold his endowment as he lost loads of money on it,,,,,,,,, my old man being the tight fucker he is was loosing sleep over it


then i had to mention he payed 10k for his place and its worth about 250kish,,,,,,, he was saying he wanted a lump sum in the end as a nest egg,,,,,,,,, ontop of his 15k a year pension and his lump sum payout from that


he dont fucking spend any money either the tight tosser

 

Woa! hang on a minute?!

all i said was we can afford it, as in we could probably afford the repayments although they are a lot of money but its possible.....but the bank doesnt always lend people the amount of money they need because its done on joint incomes etc x3 or something?!

you dont know mine or my girlfriends financial situation! - all i said was we were saving witha view to move out in a year - now im getting 'how do you expect to cope?! you are rushing into things!? how can you afford this and that etc?! one of you will run off with another person and when you got a kid you will end up with the abortion question time etc - wtf?!?

We have been saving for a while, the reason being is because we have both had debt of some sort - we have now been clear of debt for a few years, and so we are saving and enjoying ourselves at the same time.

I am currently spending money like water as I own a cossie - before i had the cossie i had a crap paid job yet i only spent about 20% of my take home wages - the rest was saved or put away for other things <including the cossie>. If the cossie needs to go when we buy a house then it goes - simple but for now its staying. Im not going to do nothing for a year or 2 jsut to buy a house....not yet anyway

We have been thinking of moving out for the last 2 years - we know that its not an easy ride because we are not completely stupid

And also not everyone can afford to save a 10k deposit but they still manage to move out dont they?! We wanna save a deposit, and so far we have, we just wanted an idea of how much the repayments are for what total mortgage that has been borrowed.

im sorry if you take this the wrong way fella but i have taken a bit of offence to your comments - im not a brain less tw@t although it seems i am being made out to be one!

sorry i posted

 

fingerZ it wasnt a commet to talk down and be little you and be nasty, i was saying in generally as i feel people are allowed to over stretch them selves and as a result they dont get the house they want as the prices of em just go up at the same time aswell


sorry for offending you, it wasnt based at you personally just used as a example,,,, im truly sorry

 

no worries - just seemed that way

pm replied to!

 

FingerZ!

DO NOT take anything bal says seriously mate He has the same size brain as an average house spider

 

 

quote comming from a bloke who prob still wolf whisles to all the fat girls wearing a skirt when hes on site

 

ANY bird in a skirt