Ing direct?

socrates

rent_and_buy wrote: »

what your 600,000 potfolio, how many !!!!!! hole flats have you got for that much, flats are falling on there bottoms, having said that i have noticed you target tennants that are on benefits, so i bet your portfolio is cracking.:rolleyes:

They will be leaving your flats for better quality ones, read the news theres loads of them about, and they are really cheap.

Thats ONE of my loans and do you know what LTV means?

Well mine are very low.

I have spread my loans across a few lenders - proved to be a sensible strategy. Especially where Clydesdale are concerned!

Other properties are mortgage free.

Look up LHA while you are there and very few people are accepting LHA claimants.

You have proved under this name and your other name that you have very little knowledge.

And just for your information I am at 100% occupancy

rent_and_buy

now i have found you out maybe you may go away like a bad smell.:rotfl:

socrates

Just be careful the Post Office do not find you out - I have nothing to hide - I am and always have been an open book

rent_and_buy

socrates wrote: »

Thats ONE of my loans and do you know what LTV means?

Well mine are very low.

I have spread my loans across a few lenders - proved to be a sensible strategy. Especially where Clydesdale are concerned!

Other properties are mortgage free.

Look up LHA while you are there and very few people are accepting LHA claimants.

You have proved under this name and your other name that you have very little knowledge.

And just for your information I am at 100% occupancy

wait until the interest rates go up you will be in the !!!!!! with your tracker mortgages and im sure with your large portfolio, you wont be able to get good rates as you wont have any equity, then it will be goodnight viena.

I give you 2 years, the rates are on hold now they will start to creep back up, it made me laugh when i read your post about thanking some bloke about going on a tracker, yes in the short term they are great, its when you try to jump off onto a good fixed rate, when no one will touch you unless you have equity.

ill be waiting in the wings for your downfall.

rent_and_buy

socrates wrote: »

Just be careful the Post Office do not find you out - I have nothing to hide - I am and always have been an open book

neither have i and i only have one property to worry about at the moment and its fixed on a great five year fixed rate, ill just stick my feet up and see what develops, whilst you are there biting your nails, with scumbag tenants.

good luck

socrates

rent_and_buy wrote: »

wait until the interest rates go up you will be in the !!!!!! with your tracker mortgages and im sure with your large portfolio, you wont be able to get good rates as you wont have any equity, then it will be goodnight viena.

I give you 2 years, the rates are on hold now they will start to creep back up, it made me laugh when i read your post about thanking some bloke about going on a tracker, yes in the short term they are great, its when you try to jump off onto a good fixed rate, when no one will touch you unless you have equity.

ill be waiting in the wings for your downfall.

Remortgaging your house to put the money in the bank at a lower interest rate than you are paying. hmm sensible.

Redundancy looming was it four day week or 80% of salary I forgot.

My portfolio is just fine and so are the LTV's and if as you say the prices are going down even further it is not me that has remortgaged a house that would not sell by your own admission.

Usually houses that do not sell do not rent out well either - there's always a reason behind it.

I have always said its your family I feel sorry for dragging them along with all your hair brain schemes.

I preferred you when you were 'confused'

Oh and the tenant that would not pay - its OK the Council paid up.

You might one day find out all about good and bad tenants.

However I very much doubt it

rent_and_buy

socrates wrote: »

Remortgaging your house to put the money in the bank at a lower interest rate than you are paying. hmm sensible.

Redundancy looming was it four day week or 80% of salary I forgot.

My portfolio is just fine and so are the LTV's and if as you say the prices are going down even further it is not me that has remortgaged a house that would not sell by your own admission.

Usually houses that do not sell do not rent out well either - there's always a reason behind it.

I have always said its your family I feel sorry for dragging them along with all your hair brain schemes.

I preferred you when you were 'confused'

Oh and the tenant that would not pay - its OK the Council paid up.

You might one day find out all about good and bad tenants.

However I very much doubt it

you keep on telling yourself that , my mortgage is less than what it was before and i have a big lump in the bank, even if i dont let my house out the money will still be there and with the money i will now be saving a month i will be quids in.

how long do you think rates will stay like they are? when interest rates go up so do savings rates, infact if i could get a good savings rate at just over 5.5% it would cover my mortgage payment.

so whether i rent my house out or not is irrelevent, if i dont i will have easy payments for the next 5 years, and hopefully when the rates go up i will get my mortgage paid.

Or i rent my house out make 200 pound a month before tax and have a nice sum to put on a deposit for a bargain house.

Jealousy is a real bad thing you need to get over it, i think deep down you are thinking its a great idea, its just a shame you are not in the same situation to do it.

socrates

rent_and_buy wrote: »

you keep on telling yourself that , my mortgage is less than what it was before and i have a big lump in the bank, even if i dont let my house out the money will still be there and with the money i will now be saving a month i will be quids in.

how long do you think rates will stay like they are? when interest rates go up so do savings rates, infact if i could get a good savings rate at just over 5.5% it would cover my mortgage payment.

so whether i rent my house out or not is irrelevent, if i dont i will have easy payments for the next 5 years, and hopefully when the rates go up i will get my mortgage paid.

Or i rent my house out make 200 pound a month before tax and have a nice sum to put on a deposit for a bargain house.

Jealousy is a real bad thing you need to get over it, i think deep down you are thinking its a great idea, its just a shame you are not in the same situation to do it.

So your mortgage was £55k - now its over £100k but the repayments are less?

5.5% return on your money? Please share with everyone as its definitely not that rate with ING. Remember you pay tax on interest so your 4.0% or so you pay for your mortgage with PO is not being covered.

How can I be jealous - I already rent properties out - I was doing it when you were still thinking about it and you have not even done it yet.

You never did tell us why you changed your name?

rent_and_buy

socrates wrote: »

So your mortgage was £55k - now its over £100k but the repayments are less?

5.5% return on your money? Please share with everyone as its definitely not that rate with ING. Remember you pay tax on interest so your 4.0% or so you pay for your mortgage with PO is not being covered.

How can I be jealous - I already rent properties out - I was doing it when you were still thinking about it and you have not even done it yet.

You never did tell us why your changed your name?

what rates are you on?:D ive hit the nail on the head with the jealousy thing , im not going into detail with you about my way forward you wanna look at your own plans, i can see a big bubble bursting above your head.

Maybe you should seek advice of one of those financial adviser thingys.

Ill be waiting, for when your blood starts to boil:mad:

socrates

rent_and_buy wrote: »

what rates are you on?:D ive hit the nail on the head with the jealousy thing , im not going into detail with you about my way forward you wanna look at your own plans, i can see a big bubble bursting above your head.

Maybe you should seek advice of one of those financial adviser thingys.

Ill be waiting, for when you blood starts to boil:mad:

You should read this back - you come on here looking for advice for a 'friend' who we now establish is YOU.

Quote rates of 2.75% and by the end of the thread you are getting 5.5% and its a secret. Classic!

As for bubbles bursting - it depends WHEN you buy and IF you sell.

If you do not need to sell and you bought at the right time then bubbles come and go.

Your knowledge is so limited its beyond a joke.

Read some of your threads you ask about every little thing like you just landed on this planet. Then you sit there and try and be clever about things you know nothing about.

Do you remember when I had to explain to you what yield meant?

Why did you change your name?

And when will you be changing this one?