Mortgage paid off... now what?

[Mich the Tester]

As long as the interest rate is fixed for the duration of the mortgage there is no reason for skidmarks.

You nasty little continental, selling these Johnny Foreigner European concepts like fixed interest mortgages to the Brits. You'll have the Daily Wail gang on you before you know it.

ps I agree, mine's fixed at 5.4% for 25 years

[milanbenes]

nice one Mich

have a cigar

Milan.

[ChimpMaster]

Tell her to read "Rich dad, poor dad" (you can even download the audio version). Hopefully she will then realise what an asset is, hint it is not your house.

Yep I've already read it - the whole set of books, though the first was by far the best. My friend has actually met Robert through a £15,000 course which taught him all the ins and outs of property investing.

Still, I'm lucky I never had to sleep in the back of a car!

Investment plan is going OK, with long term aim of £10k per month. Got a long way to go yet though.

The Mrs and I have discussed buying a big house or buying several more BTLs. So we're still looking into it.

The big house wouldn't just be that - we're looking to build something which would have a far greater value than the initial cost. So we could aim to sell it for a profit.

[ChimpMaster]

from today....

Soaring interest rate on the way: Families feel the pain as prices rocket | News

'Homeowners were today warned that interest rates could soar as soon as May after a shock jump in inflation.'


go figure

pint of Smiles please

Milan.

Stock markets up. Gold up. Sterling only marginally stronger.

This doesn't look like a rise in rates! I don't think anyone believes that report.

[ThomasSoerensen]

You nasty little continental, selling these Johnny Foreigner European concepts like fixed interest mortgages to the Brits. You'll have the Daily Wail gang on you before you know it.

ps I agree, mine's fixed at 5.4% for 25 years

mine is fixed at 3% for the 10 remaining years - it was a 15 year loan when we started it.

[alreadypacked]

Yep I've already read it - the whole set of books, though the first was by far the best. My friend has actually met Robert through a £15,000 course which taught him all the ins and outs of property investing.

Still, I'm lucky I never had to sleep in the back of a car!

Investment plan is going OK, with long term aim of £10k per month. Got a long way to go yet though.

The Mrs and I have discussed buying a big house or buying several more BTLs. So we're still looking into it.

The big house wouldn't just be that - we're looking to build something which would have a far greater value than the initial cost. So we could aim to sell it for a profit.

I think you may be putting all your eggs in one basket with property. You could think about diversifying, that would give her something to think about.

[milanbenes]

Stock markets up. Gold up. Sterling only marginally stronger.

This doesn't look like a rise in rates! I don't think anyone believes that report.

ok, I'll bet you a beer too

that's two beers I'm owed now

any other takers ?

re-arrange these words to make a popular phrase or sentence....

you denial in are

Milan.

[MarillionFan]

Mine is an offset at 0.48% over base, so I pay 0.98%.

I have drawn down £425000 and put it all in a bond at 4.75% per annum.

I actually make money. Thank you very much the Woolwich.

[Churchill]

Mine is an offset at 0.48% over base, so I pay 0.98%.

I have drawn down £425000 and put it all in a bond at 4.75% per annum.

I actually make money. Thank you very much the Woolwich.

Your bullsh!t is almost on a par with Threaded, has he been giving you lessons?

[MarillionFan]

Your bullsh!t is almost on a par with Threaded, has he been giving you lessons?

Coventry 5 year bond 4.75%. 180 day notice. Best on market.

Woolwich mortgage offset 0.48% over base.

Sweeeeeeeeeeetttttt!