lavrentis Posted 31 October 2013 Posted 31 October 2013 My mate bought a house in Western Park a few years ago that had clearly been used for growing. Not so much the 'living' area, but the attic must have had twenty-odd electrical sockets, ducting, cable, hooks in the struts, etc. My mate is a bit chunky & couldn't climb into the attic without a ladder. So I went up there & I salvaged at least an ounce For months afterwards he was getting knocks at the door at all hours by kids on mopeds. Still got his number
Zingari Posted 31 October 2013 Posted 31 October 2013 Anybody interested in a nice 2 bedroom terrace in Bristol? http://www.rightmove.co.uk/property-for-sale/property-43232975.html Nice shed WTF is that thing hovering in the top right corner ?
sphericalfox Posted 31 October 2013 Posted 31 October 2013 Nice shed WTF is that thing hovering in the top right corner ? looks like a smoking pot...
pSinatra Posted 31 October 2013 Posted 31 October 2013 Nice shed WTF is that thing hovering in the top right corner ? shocking lawn, but the borders look quality. Who goes to the trouble & expense of using perlite on their borders?? Not exactly discreet. I suspect the owner is doing a stretch.
johnny the fox Posted 31 October 2013 Posted 31 October 2013 If you have a solicitor who does a lot of house conveyancing, ask them these questions. .they will know who the clowns are and who's any good. its worth investing a few quid to get sound advice.
Saxondale Posted 3 December 2013 Posted 3 December 2013 Anybody want to buy my house? One bedroom town house in Shepshed. Quiet cul-de-sac setting, backs onto woodland. Quite small but has a garden and a drive for two cars. Superb access to the M1. Yours for £90k. With Help to Buy, that's a deposit of just £4,500 required. BARGAIN!
Jon the Hat Posted 4 December 2013 Posted 4 December 2013 One bedroom house? In the Midlands? Didn't know there was such a thing! Studio houses next !
Soar Fox Posted 4 December 2013 Posted 4 December 2013 Hopefully buying a place in Ratby or Groby early next year. I'm from Glen Parva but after looking at the houses in aylestone, Blaby and Wigston I'd get more house for my money in either of them.
absolutelegend Posted 4 December 2013 Posted 4 December 2013 can anybody recommend a solicitor thanks I used Crane and Walton (www.craneandwalton.co.uk/). There are cheaper about but the service was very good. I'm currently looking to buy again and will use them again
Monk Posted 4 December 2013 Posted 4 December 2013 We are just going through the mortgage application process at the moment with nationwide. They want so much info and taking ages to process... But I am self employed so it's a bit trickier for me I think.
Houdini Logic Posted 4 December 2013 Posted 4 December 2013 We are just going through the mortgage application process at the moment with nationwide. They want so much info and taking ages to process... But I am self employed so it's a bit trickier for me I think. I've not long (last month) completed my first mortgage with Nationwide. They do ask for a ridiculous amount of stuff but once they have it it's pretty easy and quick and they update you by SMS along the way. Hope it all goes well.
MooseBreath Posted 4 December 2013 Posted 4 December 2013 Lots of mates currently buying their long term family houses and endless conversations about furniture and paint colours. Totally understandable behaviour but it strikes me that signing up for a mortgage is like giving in and settling for a life of crushing boredom. I've resolved to simply not do it.
Bellend Sebastian Posted 4 December 2013 Posted 4 December 2013 It's a lifetime of huge expense, I'll tell you that. I've spent £5000 on mine in the last year. I'm pretty much single handedly keeping the economy going, I reckon
Houdini Logic Posted 4 December 2013 Posted 4 December 2013 Lots of mates currently buying their long term family houses and endless conversations about furniture and paint colours. Totally understandable behaviour but it strikes me that signing up for a mortgage is like giving in and settling for a life of crushing boredom. I've resolved to simply not do it. Some people find furniture and paint boring, some people find spending all day trolling people on the net boring. Horses for courses really.
purpleronnie Posted 4 December 2013 Posted 4 December 2013 I adore my house, nice to know its not money down the toilet like renting is.
Monk Posted 4 December 2013 Posted 4 December 2013 The money down the toilet argument is kinda rubbish really. For example, I currently rent for about £950 pm in Edinburgh. That is roughly equivalent to the monthly interest on a £250-300k mortgage which is what the property we currently rent is worth. The only part of money down the toilet which is really true is capital appreciation which of course is not a given. That said I am looking forward to buying our first house soon and not living by a landlords rule and having the house set up as we wish.
Itsthejoeker Posted 4 December 2013 Posted 4 December 2013 The money down the toilet argument is kinda rubbish really. For example, I currently rent for about £950 pm in Edinburgh. That is roughly equivalent to the monthly interest on a £250-300k mortgage which is what the property we currently rent is worth. The only part of money down the toilet which is really true is capital appreciation which of course is not a given. That said I am looking forward to buying our first house soon and not living by a landlords rule and having the house set up as we wish. Why do you chose to rent rather than buy then?
Houdini Logic Posted 4 December 2013 Posted 4 December 2013 The money down the toilet argument is kinda rubbish really. For example, I currently rent for about £950 pm in Edinburgh. That is roughly equivalent to the monthly interest on a £250-300k mortgage which is what the property we currently rent is worth. The only part of money down the toilet which is really true is capital appreciation which of course is not a given. That said I am looking forward to buying our first house soon and not living by a landlords rule and having the house set up as we wish. I'm not quite sure how you're working out those figures, they're certainly not right, but much like you I was quite happy renting, really liked the place I was at too, but it was when the landlord decided to be an arsehole that I thought renting was no longer for me.
Monk Posted 4 December 2013 Posted 4 December 2013 Why do you chose to rent rather than buy then? Been saving a deposit for ages. Finally there now.
absolutelegend Posted 4 December 2013 Posted 4 December 2013 Some people find furniture and paint boring, some people find spending all day trolling people on the net boring. Horses for courses really. very funny I rented for seven or eight years before manning up and buying a place. Wish I'd have done it sooner now, best thing I ever did.
Monk Posted 4 December 2013 Posted 4 December 2013 I'm not quite sure how you're working out those figures, they're certainly not right, but much like you I was quite happy renting, really liked the place I was at too, but it was when the landlord decided to be an arsehole that I thought renting was no longer for me. Example - 300k mortgage, 6%, 25 years, you pay about £950 a month on average in interest alone over the entire period. For the property we currently live in, it's worth £300k so the equivalent mortgage interest payments are roughly equivalent to the rent. The capital repayments are then on top of that.
absolutelegend Posted 4 December 2013 Posted 4 December 2013 Example - 300k mortgage, 6%, 25 years, you pay about £950 a month on average in interest alone over the entire period. For the property we currently live in, it's worth £300k so the equivalent mortgage interest payments are roughly equivalent to the rent. The capital repayments are then on top of that. got to do what you feel comfortable with, thats the main thing.
Webbo Posted 4 December 2013 Posted 4 December 2013 We are just going through the mortgage application process at the moment with nationwide. They want so much info and taking ages to process... But I am self employed so it's a bit trickier for me I think. I had a similar problem a few years ago. Apparently self certification mortgages are a lot harder to get now as well.
Houdini Logic Posted 4 December 2013 Posted 4 December 2013 Example - 300k mortgage, 6%, 25 years, you pay about £950 a month on average in interest alone over the entire period. For the property we currently live in, it's worth £300k so the equivalent mortgage interest payments are roughly equivalent to the rent. The capital repayments are then on top of that. I think you need to have a work with your mortgage advisor! My current projected borrowing is 1.58 (they legally have to list this now on the 'key facts' sheet) on the original loan (as always this can change with rates) so if you were to borrow £300k then you would be expected to pay back £453k in total. That's £510 per month on average. Sure if you decided to rent you could put the difference from the mortgage in a bank and have £153K (without interest) at the end of it but I'd rather have a £300k (without interest) house.
MooseBreath Posted 4 December 2013 Posted 4 December 2013 I think you need to have a work with your mortgage advisor! My current projected borrowing is 1.58 (they legally have to list this now on the 'key facts' sheet) on the original loan (as always this can change with rates) so if you were to borrow £300k then you would be expected to pay back £453k in total. That's £510 per month on average. Sure if you decided to rent you could put the difference from the mortgage in a bank and have £153K (without interest) at the end of it but I'd rather have a £300k (without interest) house. 450k at 510 per month would take you about 80 years to pay back. edit I assume you're talking about interest only. You pay more in interest alone than I do in rent Buying is a good idea if you're happy to live in that one property for the long term. If you have any desire to move around and see a bit of the world it makes less sense to buy since any gains will be eaten up by fees. Hence why buying is a bit like signing your life away. Where do you see yourself in 20 years time? Right here, still paying off this phooking mortgage, still doing the same old routine day in day out. It's depressing. Plus there's a substantial risk that property in the UK is massively overvalued and anyone buying now could find themselves in huge negative equity.
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