Opinions on this...

mlz1413

jamief wrote: »

Mailmannz and ceepee1 - thanks for your replies. Finally someone listening to what I was saying!

.

Thanks.

jamief after you have finished abusing the people you don't like because they disagree with you, maybe you could find the time to work out what the 'thanks' button does and click it for the 2 people you have decided are ok

jamief

mlz1413 wrote: »

jamief after you have finished abusing the people you don't like because they disagree with you, maybe you could find the time to work out what the 'thanks' button does and click it for the 2 people you have decided are ok

I have thanked them.

I've had a barrowload of thinly veiled insults - most notably from kennyboy, and I responded. I'm not "abusing them because they disagree with me" - I responded because of his reply on page 2, which was based on something he had essentially made up;

"Now I understand - what a deal you have negotiated with them!
Talk about canny scots. I bet the salesmen was crying when you had squeezed every last drop from this deal. You are taking food from his childrens mouth."

He didn't bother reading my previous posts which stated that I get free legal fees and reduced estate agency fees via my fiancee. He then posted the above, which in my book is pretty insulting.

sarkin

Ok from a mortgage brokers point of view.

There are only a few lenders that will do this deal. Now I ask myself why dont all the other money grabing [strike]gits [/strike] lenders want a piece of the action.

Because in ten years time there is going to be one big car crash when all the builders go looking for their money. So in the emortal words of the worlds greatist female band of all time, I kid you not.

What happens when 2 become 1, incomes that is. You will not have the income for the remortgage.

Walk away from the deal

ceepee1

Jamie, Glad the info helped. I work in the new build industry and its not a con although based on the can of worms it has opened, perhaps you should rent!!! Hope it all works out for you.:rotfl:

jamief

sarkin wrote: »

Ok from a mortgage brokers point of view.

There are only a few lenders that will do this deal. Now I ask myself why dont all the other money grabing [strike]gits [/strike] lenders want a piece of the action.

Because in ten years time there is going to be one big car crash when all the builders go looking for their money. So in the emortal words of the worlds greatist female band of all time, I kid you not.

What happens when 2 become 1, incomes that is. You will not have the income for the remortgage.

Walk away from the deal

Firstly - if my and fiancees salary don't go up by a considerable amount in the next 10 years I'll eat my own trousers.

Secondly - we would not be staying there for 10 years. We would be selling before then. I've explained this a few times before. Meaning when we sold, 25% to Miller Homes and the balance to the mortgage lender.

LandyAndy

ceepee1 wrote: »

Jamie, Glad the info helped. I work in the new build industry and its not a con although based on the can of worms it has opened, perhaps you should rent!!! Hope it all works out for you.:rotfl:

Harken to the voice of independence.

LandyAndy

Emmzi wrote: »

I live in Scotland. I have bought and sold houses in Scotland. My mate is a conveyancing solicitor in Scotland. I am a qualified mortgage adviser who trained in Scots law (althouh not practicing and do not treat this as advice etc etc disclaimer.)

(are we accepting I understand Scotland yet?)

The 2nd hand market and offers over is very different to the new build market. I know many people asking for, and getting, a straight discount on new builds. I also many people making offers under and having them accepted. This is not a traditional market at the current time and is not working on traditional rules.

In my mind/ experience this Miller offer is like when you buy a car and they offer you 0% finance, road tak, a tank of petrol and matts. I cut straight to 'cash payment, no extras, what's your best offer?' and never fail to get a large discount. Treat the house negotiation the same way, no messing about!

No, no, you know what you're talking about. He'll never listen to you.:rotfl:

sarkin

I just rememmbered back at the end of the last crash because everyone reckoned property would never rise again, lenders where offering defferd interest payments. i,e you got offered a very low rate and the rest would be payed back as a % of the property when sold.

So over the last 5 years as people have gone to sell thier property the banks stepped in and waved the contract in the air.

The owners where screwed as they had to pay a % of the property away before they could move. so they lost the equity they needed to trade up or down as for a lot this was part of thier pension plan.

ceepee1

Unclear why the fact that I work in the industry would be of any relevance apart from the fact that I have knowledge on the subect. Im not trying to sell this guy a house! Im merely pointing out the facts relating to shared equity. Something which you clearly have no knowledge about. I thought the whole point of a forum was to share views and advice. Perhaps you should look up "get a life" in the forum search. You might find something in there that could assist you.

kennyboy66_2

jamief wrote: »

Firstly - if my and fiancees salary don't go up by a considerable amount in the next 10 years I'll eat my own trousers.

Secondly - we would not be staying there for 10 years. We would be selling before then. I've explained this a few times before. Meaning when we sold, 25% to Miller Homes and the balance to the mortgage lender.

Its certainly cheered me up that you don't seem to be planning to have children.

I'd hate for someone to come in to the world with you as a role model.