The 'I want it NOW!!' debt/savings thread Part 2

jenjade

hi CL

you are scaring me with your match betting i am so worried it will go wrong and you will lose out. make sure you concerntrate!

moneymabel

Blimey CL that is some humungous matched betting there hun! hope it all goes well for you :-)

Might be able to pick up my new car tomorrow,the bodywork is done,they are waiting for the tax disc to arrive in the post( because it was a disabled persons motability car -its an auromatic)the tax disc has to be sorted via Exeter instead of at a post Office) but if it comes tomorrow I can pick it up after work...yay!!!

jenjade

oh how exciting. i hope you love your new car mm! how will it effect your debt?

moneymabel

I hope so too!! Ive just updated my sig with the new amount..how depressing, still its still less then when I started i suppose! Total of £5794 divided by my minimum usual payment of £250 a month = Just over 23 months. Except i really need to get some money for my website together first before I start debt busting. have got £215 in my account already to start with ,trouble is I have no idea what its going to cost! Should be able to add £300 to it this months payday hopefully so that should do for the basics and can add to it next month. Will prob forget advertising until I have paid a bit of the car off then

jenjade

have you heard anything else about planning for your mobile home?

moneymabel

We've applied for a 'certificate of lawful possesion' basically coz the site has been occupied for so long. We should hear in about 2 months..yeah..that quick lmao!!

Did you find out anyhting about buying your house jen?

jenjade

nope i have been working and looking after my friends little boy after work so i have not had any time to find anything out! I will look into it friday

moneymabel

there was something on the news earlier about mortgages and that they were possibly going to be only lending 3 x your wage, have they realised what the wages are down here..and how much the bleedin houses cost???

jenjade

i will have to look into how much i can borrow etc again. it was £90,000 on my own on my wage but the repayments would have been too high really!

I have just read this about right to aquire from housing association.

discounts range from £9,000 to £16,000 depending on where you live
if you applied to the scheme after 18th January 2005, and decide you want to sell the property within five years of buying it you will have to repay some or all your discount - the amount you repay depends on the how long after you got the discount you want to sell.

so if i buy this house i have to keep it for 5 years or pay back a % of the discount! Bummer. After 5 years i don't have to pay any back! But i will get at least £9K off the market value!! i think they knock off 10% here!

moneymabel

5 years isnt that long really i suppose,especially if you want to do the porch etc.

right i know its early but i'm off to bed-im bloody tired!!