Releasing Equity in your home

[milanbenes]

you tell 'em HRH, you're a young man, and there's women in them there hills that have a greater priority over your cash than a silly kitchen which can be paid for on the never never unlick cocktails in the local winebar

remember you gotta go for third base

Milan.

[HRH]

you tell 'em HRH, you're a young man, and there's women in them there hills that have a greater priority over your cash than a silly kitchen which can be paid for on the never never unlick cocktails in the local winebar

remember you gotta go for third base

Milan.

Too right Milan, any young ladies in Manchester and in particular Odder, Pure Space and Brickhouse beware!


see you all monday chaps.

Taliho!

[Sysman]

When I was 18 my dad had just paid off the mortgage on our house. This was for 2K (taken out circa 1951). By 1976 this sum represented less than once his annual salary, but he still struggled (financially) to get there.

A similar story for my parents. Something like 2K circa 1955, though bumped this up with a detached house in 1970, paid off in about 1980. 1970's inflation did help a lot there.

One thing about the 1950s was that they apparently couldn't get a mortgage for a pre-war house which is what they would have preferred. Cash was the order of the day for those, which meant that the relative palace with a super posh address that my uncle had was only something like 3K.

[tim123]

Jesus wept, all Im doing is adding a very small extension to my kitchen and fitting a new kitchen (my family are in the building game before you bang on about costs) in the intention of adding some value to my home and making my life more comfortable. Im 25 and do not have 5k at my disposal unfortunately so I asked a simple question.

Then you should have been clearer.

You said

"does it have to be for home improvements"

"Do they check"

I can't be the only person who thought that you wanted to use it for something "risky"

tim

[Gonzo]

<SHAKES HEAD>

£5K

An equity release loan to raise £5K

Is everyone in this country so much in hock that they have no savings whatsoever?

<SHAKES HEAD AND SHUFFLES OFF TO SELL HIS BANK SHARES>

[Diver]

<SHAKES HEAD>

£5K

An equity release loan to raise £5K

Is everyone in this country so much in hoc that they have no savings whatsoever?

<SHAKES HEAD AND SHUFFLES OFF TO SELL HIS BANK SHARES>

I just spent £25,000 of my savings on doing the new house up.
If I'd known I was going to saw my hand off, I would have got a loan with a payment protection plan

[beaker]

I just spent £25,000 of my savings on doing the new house up.
If I'd known I was going to saw my hand off, I would have got a loan with a payment protection plan

ouch!

[max]

No Im on decent money

No...you're not. If you were we wouldn't be having this discussion.

but I have a big mortgage and and enjoy a decent standard of life, Im 25 and do not have that kind of money at my disposal at the moment!

Try contracting...you'll make a lot of money!

[Churchill]

What the heck does a contractor need a 5K loan for anyway, when they can earn that in three weeks?

(assuming they're not on the bench )

He's a jobbing carpenter, not a contractor.

hth.

[Churchill]

HRH.HTH.

Oh so, you're not the infamous RRH who pretended he'd died and issued an apology on YouTube then?

Glad we got that cleared up.

Apologies.

Btw, if you're charging upwards of £600 for a garden gate you should be rolling in money.