At least you know where you are with a mortgage.

Realy

!!!!!!? wrote: »

You couldn't be genuine if you tried - as your post proved.

What on earth does Selling To Rent have to do with Icesave's problems? Has it occured to you that most people who sold to rent have put their money into one of the hundreds of banks NOT to befall the fate of Icesave?



Absolutely despicable.

Can you please !!!!!! off if I was renting now I would dare say i would have £50K in it on monday night.
If you are not iterested in this thread and think i am a troll stop posting on IT.

I lost money on icseave yesterday you absolute Ars@

lesley1960

You know you have to live somewhere and better to be paying a mortgage then rent? , mortgage doesnt last for ever . I dont know why people get hung up on equity ,it only means something if you have to sell . My house has ranged in value from £80k to nearly £400k , makes no difference to me , I'm not intending to move .

WTF?_2

Realy wrote: »

Can you please !!!!!! off if I was renting now I would dare say i would have £50K in it on monday night.
If you are not iterested in this thread and think i am a troll stop posting on IT.

I lost money on icseave yesterday you absolute Ars@

Unless you had more than 50k in there, you didn't lose anything. Granted, I wouldn't want to be in the position of having Icesave savings and I hope that anyone affected (including you) gets this sorted quickly and successfully.

But if you're honestly saying that it's better to be sitting there with a huge debt over your head rather than money in the bank from the sale of an asset then you are soft in the head. There are many options for putting STR money somewhere safe. NR (with the govt guarantee) and NS&I spring to mind. Icesave had no connection to STR people, other than being a possible place where their money went.


I withdraw my accusations of trolling and apologise, as getting into a nasty row at this time isn't going to do anyone any good. But I still maintain that saying that buying recently when compared to STR was a good move is complete bunkum.

This is not the time to be carrying loads of debt. Especially not if that debt is secured against an asset that now will sell for less than the amount of the debt you owe against it.

Realy

!!!!!!? wrote: »

This is not the time to be carrying loads of debt. Especially not if that debt is secured against an asset that now will sell for less than the amount of the debt you owe against it.

And that is why I said that is how I feel, I also said i am not saying any should blow theire savings on a house.
Thanks.
I am happy with my equity in my house (at the moment)
I just feel that no where is safe at the moment after having my fingers burnt yesterday.
I am sure I am not alone on how house holders feel at the moment with savings, i was just posting on a homeowners view to the current situation.
I am sure no one will go out and buy a house because of my thread.
And on trolling I am sure I could have come up with better than I have a house and have lost money in icesave.;)

ess0two

!!!!!!? wrote: »

Ah, you are Dithering Dad.....

Not me,although i do admire his charm,wit and sophistication.

clobber_2

I understand your point and do not understand why this has degenerated into another MSE b!tchfight.

I sold in april last year and whacked the proceeds into savings accounts. This was more by luck than judgement, and I did it because the house was a fair distance from where I now live and work so naff all use to me. I am currently renting for considerably less than my mortgage repayments and am much better off, so my savings pot is growing.

Initially, it looked like I was in clover, as house prices (I do plan to buy when I have a bit of job stability) were going down and it looked like interest rates were going to go up, earning me more from my savings. Now I'm not so sure - interest rates being cut, inflation eating away at the value of my savings, job security still up in the air thanks to various NHS reforms...I don't have enough in savings to trouble the 50K guarantee, and I didn't put any into S&S, but I still worry.

The point is, I think we are all screwed in different ways.

Interestingly enough, I have met with various financial advisors over the past 18 months. Every one of them has given me rubbish advice, ranging from don't sell your house, rent it out (projected rental income less than mortgage repayments, but they were still pushing the idea as house prices only ever go up) to bung it all in S&S or various Icelandic banks. I have ignored them all. Where dos one go to get sensible objective advice?

blisk

clobber wrote: »

Where dos one go to get sensible objective advice?

Not possible, the system was corrupted.

Realy

clobber wrote: »

I understand your point and do not understand why this has degenerated into another MSE b!tchfight.

I sold in april last year and whacked the proceeds into savings accounts. This was more by luck than judgement, and I did it because the house was a fair distance from where I now live and work so naff all use to me. I am currently renting for considerably less than my mortgage repayments and am much better off, so my savings pot is growing.

Initially, it looked like I was in clover, as house prices (I do plan to buy when I have a bit of job stability) were going down and it looked like interest rates were going to go up, earning me more from my savings. Now I'm not so sure - interest rates being cut, inflation eating away at the value of my savings, job security still up in the air thanks to various NHS reforms...I don't have enough in savings to trouble the 50K guarantee, and I didn't put any into S&S, but I still worry.

The point is, I think we are all screwed in different ways.

Cheers mate, Glad you knew what I was talking about. I wish you luck.