Indeed. However there is enough equity in all of them to survive any but the most intense downturn. Anything up to 30%.
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Hard Brexit now!
#prayfornodeal -
Good, it's came down recently. It could double and the bank wouldn't be repossesing my house. Just curious as to why you're so interested in house prices AtW - are you waiting for a big crash before plunging in or do you plan on paying someone else's mortgage forever?Originally posted by AtWAnd what that person thinking when buying house at 3.75 - that the rate will be at its lowest value forever?
By the way morgage rates are typically higher than BoE rate - this means that 1.75% increase was actually on a higher number than 3.75%, thus representing smaller overall increase.
How is your morgage doing anyway?
Hang on - there is actually a place called Cheddar?? - cailin maith
Any forum is a collection of assorted weirdos, cranks and pervs - Board Game Geek
That will be a simply fab time to catch up for a beer. - Tay
Have you ever seen somebody lick the chutney spoon in an Indian Restaurant and put it back ? - CyberghoulComment
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I have purely academical interest to the topic - if prices halfed now I would not have bought house since I prefer to invest my money into something that should give much better return - SKA.Originally posted by snawComment
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But you pay rent, yes?Originally posted by AtWHang on - there is actually a place called Cheddar?? - cailin maith
Any forum is a collection of assorted weirdos, cranks and pervs - Board Game Geek
That will be a simply fab time to catch up for a beer. - Tay
Have you ever seen somebody lick the chutney spoon in an Indian Restaurant and put it back ? - CyberghoulComment
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Sadly I agree with a couple of AtW's posts. I shall hang my head in shame...
Older and ...well, just older!!Comment
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Yes - I pay £315 for 50% of 3-bedroom (big!) house, huge living room, 2 big bastard gardens with half price council tax and other bills in a fantastic location - those on this board who know Harborne would agree.Originally posted by snaw
How much and what do you pay for snaw? Please breakdown your monthly payment into interest+repayment.Comment
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Well I pay a £350 mortgage for 100% of a 3-bed house in Zone 4 of London. Admittedly the mortgage wasn't always this low but I'm gald I bought when I did becuase I'm now sitting on 275K of equity in this property alone.Originally posted by AtW
Should i decide to buy the house of my dreams at some point, my house will yeild a rental income of around £1450pcm which will go towards paying for the mortgage for my next place.
Trust me .... it beats renting.Comment
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Yes but it you were to buy a tiny little property like that for 275K now, you'd be
MAD
Now lets do the sums
Sell your house for 275K, invested at 5% (easy peasy) gives you over a grand month income, rent a flat for £1200 (again easy peasy) means renting you'd be 350 smackeroonies better off.Last edited by BlasterBates; 27 October 2005, 14:25.I'm alright JackComment
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How is that you manage to pay £350 a month for property worth 275k? Did you buy it when it cost 60k? What's the pure interest rate on your loan and what's the repayment?Originally posted by ALMComment
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Would you care to elaborate? Why would you be mad?Comment
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