Why FTB should Resisit buying now and Save instead! explained

pandamonia

housesitter wrote: »

Well, if nothing else he'd be wonerful as a court jester. Some of the comments made by others at his encouraging have brightened up my day.
God bless internet trolls.




Sound financial planning suggests that a contingency fund is entirely seperate to a house deposit fund, and continues to be so once to house is bought. You keep that to pay the rent or mortgage IF you lose a job with enough time to give you chance to find something else or get a temp job at ASDA etc.

Just in case you hadn't thought of that yet...

i have 9 months notice on my contract. i dont need a contingency fund for unemployment.

chucky

pandamonia wrote: »

i have 9 months notice on my contract. i dont need a contingency fund for unemployment.

and you don't have a notice period?

housesitter

pandamonia wrote: »

i have 9 months notice on my contract. i dont need a contingency fund for unemployment.

Bully for you.
However, to put your post in context, you were talking to someone else who probably doesn't.
So, since you were giving him advice it might have been a good idea to add some relevance to it.

TBH that's something which has been mentioned a few times with regards to your utterings. That you are thinking of your circumstances and are unable to put yourself in other peoples situations.

As I said earlier.
You have a bigoted viewpoint and an insouciant way in which you dispense your advice to others.
It's dangerous to listen to you.

twirlypinky

housesitter wrote: »

Bully for you.
However, to put your post in context, you were talking to someone else who probably doesn't.
So, since you were giving him advice it might have been a good idea to add some relevance to it.

TBH that's something which has been mentioned a few times with regards to your utterings. That you are thinking of your circumstances and are able to put yourself in other peoples situations.

As I said earlier.
You have a bigoted viewpoint and an insouciant way in which you dispense your advice to others.
It's dangerous to listen to you.

It does make me cross when people make assumptions left right and centre, thanks for the back up housesitter.

skap7309

pandamonia wrote: »

What makes me laugh most is the people who think that fixing for 5 years now will save them money. banks dont want you to fix becuase so you can save money banks want you to fix so they can MAKE money, not so long ago you could get 0.5 below base tracker, explain to me how that can be worse than fixed rate? highest you would of ever paid in this last bubble was 5% which is damn lower than most fixed.

fixed is for people who cant manager their money.

Whilst you are a fellow bear i cannot say i agree with anything you have said. In my mind, historically low rates mean surely now is the best possible time to fix? Once the next bubble starts to form how long before inflation / interest rates rocket?

In response to your OP i'll take my own advice and do it my way thanks.

skap7309

pandamonia - in response to your fixed rate being for mugs how about this C&G 10 year fix at 4.7%? When IR rocket who is going to be better placed and with an uncertain future i would prefer to know how much i going to be paying.

Moon_Boi

pandamonia wrote: »

i often call them up to see what they are saying then end up having to explain that what they are tryin to tell me is rubbish.

I like that idea, i'll do that when i'm bored and got a little time on my hands :T

housesitter

skap7309 wrote: »

C&G 10 year fix at 4.7%?

From their site:
http://www.cheltglos.co.uk/mortgages/fixed-rates/10-year/

It's 5.29% Fixed until 31 May 2019 dropping to a 3.5% SVR.
The overal rate is 4.7% over 25years, not just the fixed portion.

Be wary of that when comparing fixed rates.
(especially since I thought you'd found a right proper winner!!)

confused31_2

The best 10 year deal i have seen is 4.89% with Brittania, but thats still good for a 10 year deal.

sarastark86

i just read this whole thread and i'm.... tired!