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Mortgage advice - should we even bother?
Comments
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Fair enough...thanks Simon. Not nasty at all. Totally understand where you're coming from. I know that I wouldn't bite off more than I could chew, just grates that we're paying the equivalent of monthly mortgage repayments (on the very modest house we would look for!) to a landlord...0
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Even if you were to do a sub prime self cert, at that loan to value there is not one lender in the UK present who do 80% self cert with adverse. The rate if you could get it would make you not buy anyway.I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Take advice with a pinch of sea salt!0 -
skattykatty wrote: »Fair enough...thanks Simon. Not nasty at all. Totally understand where you're coming from. I know that I wouldn't bite off more than I could chew, just grates that we're paying the equivalent of monthly mortgage repayments (on the very modest house we would look for!) to a landlord...
Buying a house means renting money,
0.5% of a houses value compared to rent is about right for a very rough compairson.
So if that £175k house can be rented for less than £875 per month it is cheaper to rent.0
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