my mortgage is so large, i will never be mortgage free

Floxxie

I wouldn't bother responding to the OP; they like to bring up 'controversial' topics and hope somebody bites.

sassyblue

It's not the size of your mortgage that matters, it's whether you can repay it. If you've seriously overstretched yourself then l'm afraid the blame lies with yourself not the Government.

We got a house in 1992 and it was seriously hard - we had nothing new (well apart from the fridge) everything else was second hand. Then we got a labour Government and yes l agree with you in that they made people believe they could have it all *today* and loads of credit to boot, but it doesn't take a rocket scientist to work out that it would be yourselves who had to pay it back!

I'm not being nasty it's just common sense you've had your rant now it's upto YOU to do something about your situation....

Mozette

The_White_Horse wrote: »

I think there should be a tax on people who bought their property pre 1997 - which helps those who had to buy post 1997.

hateful left wing corrupt inept trash govt. they should have cooled it all years ago.

I think there should be a jealous idiot tax:rolleyes:, they could start with those who voted for thatcher, the old corrupt lefty that she was...

Flearoy

I bought my house in summer 2006, and it was expensive. If I'm lucky, it'll be worth what I paid for it then - having done lots of work on it. But it was a lifestyle choice, so I can't complain! At least interest rates now are low, not like back in the 1990s when people tell me it was 15%!

d-seven

I bought in 97/98 and situation wasn't that bad then IMHO. I had to take out a 100% mortgage because I had no savings, and was limited to which mortgage I could have. I struggled then, but I'm glad I did because sometime after (can't remember when exactly!) that the lenders became more 'free and easy' with mortgage lending.
Over the years I have remortgaged several times (and got some exit fees back - Cheers Martin!) and am in the good position of nearly being mortgage free! I have gone from having no equity to seeing the value of my property going at one point, to about 3x what I paid for it (probably about 2.5x now though).
If the OP is worried about his morgage, dowsize like littlemrtinkle says!

loopy-juice

:mad::mad:

sassyblue wrote: »

It's not the size of your mortgage that matters, it's whether you can repay it. If you've seriously overstretched yourself then l'm afraid the blame lies with yourself not the Government.

We got a house in 1992 and it was seriously hard - we had nothing new (well apart from the fridge) everything else was second hand. Then we got a labour Government and yes l agree with you in that they made people believe they could have it all *today* and loads of credit to boot, but it doesn't take a rocket scientist to work out that it would be yourselves who had to pay it back!

I'm not being nasty it's just common sense you've had your rant now it's upto YOU to do something about your situation....

Oh dear Sassyblue. I think you will find that Labour inherited the 'have it all now, pay later' notion from the thatcher:mad:/major regime. Didn't thatcher:mad: remove borrowing limits around hire purchase agreements to boost the economy. As my dad used to say, 'there is nothing like a bit of debt to get out of bed in the morning and go to work'.

Remember yuppies/loadsamoney/etc. thatcher:mad: sold all our state housing off to its tennants causing a massive shortfall in properties available to low income earners who, and quite rightly are entitled to have a home of their own. Hence the building boom of the late 70's and eighties and the spiralling up and down of the housing market caused by the shortage and then the recession. How many homes were taken back off people in them days? At least Labour has tried to keep people in their homes. What did major:mad: do in those dark days? Oh yes, he put interest rates up to 15%. Great move john. :T

Floxxie

Can we please stop posting on this old post - the original OP is a troll and has nothing useful to add to a MFW board.

loopy-juice

Floxxie wrote: »

Can we please stop posting on this old post - the original OP is a troll and has nothing useful to add to a MFW board.

no doubt they are but it has opened up some debate on the politics of interest rates and what party does you the least damage.

sassyblue

loopy-juice wrote: »

no doubt they are but it has opened up some debate on the politics of interest rates and what party does you the least damage.

Hilarious too, it has nothing to do with politics and everything to do with peoples attitude to borrowing. You borrow it you pay it back, simples!

MORPH3US

This thread is hilarious....

Perhaps the OP should move area... plenty of houses out there for £50,000 still...