Nice mortgage calculator

chucky

Graham_Devon wrote: »

*Some* average wage earners could yes, as this was based on the mean 36k which less people earn with a 20% deposit, yes

If the bank actually loans the money, which after all this bickering, is probably unlikely

If we look at the REAL average, which I believe was 28-29k? Then, definately not, no.

that's exacly what i said in the other thread which you mis-quoted me on here.

lower earners would have to be stripped out of the calculation to work out the comparable average salary vs average house price.

what you define as a low earner is the hardest bit.

ad9898_3

Really2 wrote: »

Depends how long you live with them now and what parental ties you have ( I am not even sure you could kick out a partner who had children from a previous relationship, but don't quote me).

If you're not married, they have no claim to your property.

Really2

ad9898 wrote: »

If you're not married, they have no claim to your property.

I believe that law as now changed. I think after X years any partner can claim like a divorce.

(it was changed due to gay relationships etc, but i am not 100% sure on the entitlements.)

ad9898_3

Really2 wrote: »

I believe that law as now changed. I think after X years any partner can claim like a divorce.

(it was changed due to gay relationships etc, but i am not 100% sure on the entitlements.)

Nope, trust me, this has been a myth for years, they have no chance. And so it should be.

bluey890

Joeskeppi wrote: »

I'm not really sure why a FTBer should expect to buy an average priced house.

You start off small, buy a place, pay off the mortgage for a few years and upgrade.

Nowdays it's more a running jump and clutch the housing ladder with one hand, than a step on and upgrade.

Yakubu22

michaels wrote: »

Prices are high because people can afford them - not everyone but enough to buy up the available houses.
?

A lot of people have been protected from the bubble bursting by the BOE lowering IRs to an all time low. This will not last long! Should IRs increase then prices will come down further as people are finally stung by decreasing prices and more expensive rates. That's a recipe for more people putting homes on the market, increasing supply.
I imagine quite a few buyers of the last few years who may be in or teetering on NE have been given some reprieve by the low IRs. I wonder how many have had the forsight to realise the reprieve is only temporary.

Really2

ad9898 wrote: »

Nope, trust me, this has been a myth for years, they have no chance. And so it should be.

I may be thinking of civil partnerships.

ad9898_3

bluey890 wrote: »

Nowdays it's more a running jump and clutch the housing ladder with one hand, than a step on and updrade.

Or maybe at the min its sit with your arms folded and watch the ladder crumble at your feet. This what doesn't make much sense about this 'ladder'. 'Upgrading' nearly always means taking on more debt, how is that a good thing ?

ad9898_3

Really2 wrote: »

I may be thinking of civil partnerships.

Now that is something different, you are correct there. Gay rights and all that, not that I know much about being gay or anything.:D

bluey890

ad9898 wrote: »

Nope, trust me, this has been a myth for years, they have no chance. And so it should be.

I thought that if the partner could prove they contrinuted to the house, helping pay mortgage, paying for decoration, they could seek compensation from the courts.
Not the same as a claim on the house, i know.