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Poll: Your current living situation?
  I have a mortgage on my own
  I have a joint mortgage with a partner or friend
  I rent on my own
  I rent with my partner or a friend
  I live at home and pay board
  I live at home and pay nothing
  Cosmo click here


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Author Your current living situation?
Aaron
Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
23rd Sep 07 at 11:53   View User's Profile U2U Member Reply With Quote



Mortgage on my own

[Edited on 23-09-2007 by Aj.]
nik
Member

Registered: 19th Jun 00
User status: Offline
23rd Sep 07 at 12:17   View User's Profile U2U Member Reply With Quote

Mortgage on my own.
Nath
Member

Registered: 3rd Apr 02
Location: MK
User status: Offline
23rd Sep 07 at 13:27   View User's Profile U2U Member Reply With Quote

Live with mummy and daddy and pay board
Robbo
Member

Registered: 6th Aug 02
Location: London
User status: Offline
23rd Sep 07 at 13:43   View User's Profile U2U Member Reply With Quote

Mortgage with ex-partner (for a few more days anyhoo) but live with parents until after Xmas when I will be renting in the short term
scoob
Premium Member

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Registered: 16th Oct 03
Location: Beverley, E Riding of Yorkshire
User status: Offline
23rd Sep 07 at 13:45   View Garage View User's Profile U2U Member Reply With Quote

mortgage on own
Nath
Member

Registered: 3rd Apr 02
Location: MK
User status: Offline
23rd Sep 07 at 13:58   View User's Profile U2U Member Reply With Quote

I didn't see 'Cosmo click here'
CorsAsh
Member

Registered: 19th Apr 02
Location: Munich
User status: Offline
23rd Sep 07 at 14:22   View User's Profile U2U Member Reply With Quote

Cosmo click here

Natalie
Member

Registered: 5th Nov 03
Location: Oxfordshire Drives: Vauxhall Tigra 1.8
User status: Offline
23rd Sep 07 at 14:27   View User's Profile U2U Member Reply With Quote

Mortgage on my (very shortly)
Aaron
Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
23rd Sep 07 at 14:36   View User's Profile U2U Member Reply With Quote

Thanks for voting Cosmo
--DAN--
Member

Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline
23rd Sep 07 at 14:40   View User's Profile U2U Member Reply With Quote

Mortgage with the wife.
kz
Member

Registered: 9th Aug 02
Location: Southend, Essex Drives: Mini Cooper S
User status: Offline
23rd Sep 07 at 15:02   View User's Profile U2U Member Reply With Quote

live at home paying mother rent...

nooo chance of moving out unfortunately
Robbo
Member

Registered: 6th Aug 02
Location: London
User status: Offline
23rd Sep 07 at 15:16   View User's Profile U2U Member Reply With Quote

I clicked cosmo click here

[Edited on 23-09-2007 by Robbo]
Aaron
Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
23rd Sep 07 at 15:19   View User's Profile U2U Member Reply With Quote



i'm sure he'll click it himself later
Ally
Member

Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
23rd Sep 07 at 17:39   View User's Profile U2U Member Reply With Quote

I have a mortgage in my name, but me and richie live in the house
Liam
Member

Registered: 19th Jan 06
Location: Stafford
User status: Offline
23rd Sep 07 at 20:07   View User's Profile U2U Member Reply With Quote

Living at home, not paying rent, just yet. After my first pay check I will be though
neoquip
Member

Registered: 12th Aug 02
Location: Nottm
User status: Offline
23rd Sep 07 at 20:28   View User's Profile U2U Member Reply With Quote

mortgage with the wife on the house we're doing up

mortgage on my own where we live now

mortgages (BTL) x 6




yep, I owe a shed load to the bank etc
Ian
Site Administrator

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Registered: 28th Aug 99
Location: Liverpool
User status: Offline
23rd Sep 07 at 23:28   View Garage View User's Profile U2U Member Reply With Quote

Six BTL Phil, I envy your pension arrangements
Colin
Member

Registered: 4th Apr 02
User status: Offline
23rd Sep 07 at 23:32   View User's Profile U2U Member Reply With Quote

Aye well sorted for the future!! Always been meaning to ask what kind of money you must be bringing in to have 8 mortgages, your still a youngun too. Not bad at all
WATSON
Member

Registered: 16th Jun 05
Location: Fife, Scotland
User status: Offline
23rd Sep 07 at 23:42   View User's Profile U2U Member Reply With Quote

I rent on my own
Robin
Premium Member

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Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
23rd Sep 07 at 23:52   View Garage View User's Profile U2U Member Reply With Quote

at home, pay nothing ATM
neoquip
Member

Registered: 12th Aug 02
Location: Nottm
User status: Offline
24th Sep 07 at 06:17   View User's Profile U2U Member Reply With Quote

Ian, the future is property, it goes up alot better than a 'personal pension' would do.


quote:
Originally posted by Colin
Aye well sorted for the future!! Always been meaning to ask what kind of money you must be bringing in to have 8 mortgages, your still a youngun too. Not bad at all


Colin, I bought the studio flats at the right price, £13k, £25k, 2x£45k and £50k. there all the same property style/type and since the year 2000 (1st bought at £13,800 - I paid more for my scoob) they've hgone up nicely, but as they go up they cost me more to buy, as you can see.

As the property goes up, you release equity to use as a deposit on another BTL, then you just keep doing it, you owe more and more but the colateral has increased and hopefully the rents gone up too.

my first semi i bought at £36k in 1996, one forsale is now £120k (wish i still had the same mortgage on it i had back in '96!! as i owe a lot more on it now lol )

the rents just cver the mortgages + a bit more, but nothing to write home about, when a property is empty with no rent coming in you have to fund the month/s rent from somewhere!!



If you can get a 15%-25% depost for a BTL, go do it. look at what the cheapest houses/flats are in your area and start small, just make sure its something that will rent ok.







[Edited on 24-09-2007 by neoquip]
RichR
Premium Member

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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
24th Sep 07 at 07:50   View Garage View User's Profile U2U Member Reply With Quote

I have a joint mortgage with the missus on a house we're renovating, but we spend 3 nights a week at my parents, 3 nights a week at her mum's and 1 night at the hotel she runs!

no real fixed abode, I live out of the back of my car
Cosmo
Member

Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
24th Sep 07 at 09:12   View User's Profile U2U Member Reply With Quote

Who are the other two Cosmo's on here?
Whittie
Member

Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
User status: Offline
24th Sep 07 at 09:15   View User's Profile U2U Member Reply With Quote

I voted Cosmo click here.

But seriously im currently living with parents, saving to move out and live with partner. Pay nothing at parents.
Marc
Member

Registered: 11th Aug 02
Location: York
User status: Offline
24th Sep 07 at 11:12   View User's Profile U2U Member Reply With Quote

At home.

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