Opinions on this...

sarkin

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.

I believe Kirsty Allsop said very much the same thing a few years ago.

Interest rates are falling this means deflation so pay rises are going to be on hold if you are lucky, or if you are unlucky I belive the modern term is "stream linning of the company profile"

And if you have children is your partner going back to work?

jamief

kennyboy66 wrote: »

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.

There we go again.

If you have an issue with me, please take it to PM.

jamief

sarkin wrote: »

I believe Kirsty Allsop said very much the same thing a few years ago.

Interest rates are falling this means deflation so pay rises are going to be on hold if you are lucky, or if you are unlucky I belive the modern term is "stream linning of the company profile"

And if you have children is your partner going back to work?

Payrises and promotions are quite different things. We're both on track for promotion (which comes with an inherent payrise).

If (and we probably will) we have children, it'll likely be in 5-7 years. We will most likely have moved by then, as we'd like to bring them up either in/near Edinburgh or on the West coast.

TTMCMschine

jamief wrote: »

Also - unless I'm reading the scheme completely wrong - we do own 100% of the house. There is no shared ownership - 75% is mortgaged, the other 25% forms a loan between us and Miller Homes. This, unless I'm wrong, means we own 100% of the house.

It's incredible that educated people can be so dumb.

If you have a mortgage for 75% & a loan to the builder for the other 25% you own 0% of the house, all that you have is a lot of liabilities based on an overpriced & rapidly depreciating asset.

The idea to sell your own house now & take on a gargantuan mortgage when prices are going to keep dropping for the next 3 years is idiotic.

Let me know where your fiance works so that if I need any sensible legal advice I can avoid them.

sarkin

ah mate go for it you have all the bases covered.

Pay rises
promotion
buy house
sell house ( no loss of equity)
move to new place
have 2 kids
keep both jobs

This is fantastic are you related to the Waltons

TTMCMschine

jamief wrote: »

If they wanted £265,000, and you offered £235,000, you'd politely get told to f-off. Prices reflect this fact.

And in case you are a complete idiot, I'll rephrase it - "In Scotland, if it was a second hand house on the market at £265,000, you would offer that OR MORE - if you hoped to have your offer accepted".

And if you wanted to sell a house for £265K & everyone else thought it was only worth £235K then you'd be one getting told to f-off.

The mind boggles - I blame it on an education system that gives away degrees with every 2 boxes of cornflakes purchased.

jamief

Thanks for all the wonderfully helpful reples.

Of course I could lose my fu cking job. It is highly unlikely given that my team are 2 years into a guaranteed 12 year contract.

Of course I could lose equity if I sell my house. But given that my next door house sold 5 weeks ago for £5000 more than I paid, I think I should be okay in the short term.

I think I've had quite enough of the insults and derogatory comments, so I'm going to leave it at this. Anyone has any issues, PM me please.

ceepee1

TTMCMschine wrote: »

It's incredible that educated people can be so dumb.

Great advice. I am assuming you are highly educated.

kennyboy66_2

jamief wrote: »

Payrises and promotions are quite different things. We're both on track for promotion (which comes with an inherent payrise).

If (and we probably will) we have children, it'll likely be in 5-7 years. We will most likely have moved by then, as we'd like to bring them up either in/near Edinburgh or on the West coast.

Looking at one of your previous posts, you bought you current house less than 2 years ago, and you in your own words plan to move again within 5 years.

Do you change you car every 12 months as well ?

A salesmans perfect customer, particulalry as you know everything anyway.

sarkin

jamief mate i'm sorry, quite day and all that. You know no one wants a mortgage

But thanks for posting I cant stop laughing, If you do start another thread can you PM me as I think youve been great. :beer: