Biggest Mortgage

[sasguru]

So the only mortgages people have are for BTL properties?

No one sitting at home in a house with a £500K mortgage sitting over it, sweating every Bank of England meeting and where the next contract renewal is coming from?

That would be just plain silly now, wouldn't it ...

[ladymuck]

I have one mortgage on the house I live in, it's £135k.

But I don't generally worry about interest rate rises as I change mortgages every few years and always go for a fixed rate each time. Probably pay more in the long run but I'd rather that than faff about with changing payments each time the BoE get the willies about sperm production in guatamala or whatever they base the rates on.

[paulb567]

~£150K mortgage

[Joe Black.]

1 house paid off (in Oz), but mortgage owed on land = £100'000 between me and the missus.

[hyperD]

£300k on a pathetically small 4 bed detached house in Surrey, bought 2002. On total flex mortage - will be paid off by 2008 though.

[bogeyman]

Just out of curiosity, who here has the biggest mortgage debt and what are we talking about, £200K, £500K?

Wondering if this society of large personal debt and mortgage is something IT contractors have or is it a permie thing?

Any established contractor who's still in hoc to the banks is, de-facto a failure.

[Fleetwood]

hock

Fleetwood 1 - BM 1

[bogeyman]

hock

Fleetwood 1 - BM 1

Oh! you bugger!

Anyway, the idea of being "in hock" suggests bathing in Liebfraumilch - eeeurrch!

[XLMonkey]

No one sitting at home in a house with a £500K mortgage sitting over it, sweating every Bank of England meeting and where the next contract renewal is coming from?

yes. But really, talking about it only makes things worse.

only consolation is that it's a major renovation project that, if it comes off, will leave me with a house worth twice the mortgage.

but that will take years, and I'll be old, grey and knackered by then.

yes, talking about it just makes things worse.....

[DimPrawn]

So we're talking a lot of XL spreadsheets to pay that one off?