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Corsa Sport » Message Board » Off Day » House Day » Thinking of buying » Post Reply
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| Ian |
posted on 7th Feb 07 at 18:50 |
quote:Unless you absolutely need flexibility I wouldn't choose a mortgage that has it. Any windfalls which you are expecting in the future are not in the bank until they are there and even so what is to say you are going to pay the mortgage off? You might decide to put that money down on another place and keep your payments similar on a bigger property. No point being mortgage free if you've enough equity and income to live somewhere else. | |
| Ally |
posted on 7th Feb 07 at 13:57 |
It will be worth it inthe end James | |
| jamesw |
posted on 7th Feb 07 at 13:25 |
trouble is we need 100% mortage, my salary is roughly the same as that, northern rock are being a bit funny, as we want it where we can pay it off at any time, but they want to tie us down for so long. But I think we are managing to compromise, everything getting sorted today so he will take it off the market. Im stressed already so many things going on its unreal. | |
| Ally |
posted on 7th Feb 07 at 11:41 |
I got a 67k mortgage based on a 16k salary so u wont have any problems | |
| C2RL R |
posted on 7th Feb 07 at 09:09 |
looks a fair size that and pretty cheap too. Bathroom wont take long to sort out at all so if thats the only thing that needs sorting i'd go for it. | |
| jamesw |
posted on 7th Feb 07 at 08:37 |
Well have started the ball rolling. Went to look at it, is a good size for us, has garden and plenty off room for 2 cars to park, or build a garage. Only thing that it needs really is the bathroom tidying up. | |
| Ian |
posted on 7th Feb 07 at 01:01 |
Cheap enough and the neighbours will neither cause you any hassle nor scare off potential tenants if you do rent. Winner. | |
| jamesw |
posted on 6th Feb 07 at 16:44 |
going to look round it tonight, has just officially been put up for sale today, so if its still avail we will take it, im due quite a bit of money poss in a few years which could pay the whole thing off, suppose after that we could get another mortgage for 70k (she will have full time job by then) and move more up market. Will just see how things pan out. | |
| topshot_2k |
posted on 6th Feb 07 at 14:45 |
go for it, you could always rent it out if you didnt want to live there | |
| jamesw |
posted on 6th Feb 07 at 12:34 |
doesnt bother me tbh, they have always let me do what i want, and we all get on well - my dad is more like a best mate than my dad if you see what i mean. | |
| Colin |
posted on 6th Feb 07 at 12:09 |
Do you really want to live next door to your parents??? They will be watching your everyu move:lol: I feel too close 3 streets away never mind next door!!:lol: | |
| topshot_2k |
posted on 6th Feb 07 at 11:20 |
you would need to be on about 18-20k to get a 100% mortgage on your own without massive repayments | |
| jamesw |
posted on 6th Feb 07 at 11:00 |
House next door to my 'rents. For years now its been rented out, and the last guy that was on re did the whole house as he was a mate of the guys that owned it. Asked about renting it which is what we wanted to do to start with, but he was selling it as he wants rid some time this year. I asked about price, expecting to hear about 80k as this is the price the house nxt door went for - but he will take 67k for a quick sale :! |
