OS Diary Archive July 06

ms_london

Bargain_Rzl wrote:

Michelle - yes I do only need a 10% deposit - that's what I'm aiming for - but will need extra for legal costs, removals, appliances ....

You can have a big as deposit as you like though can you?

Also, do you know if the more of a deposit you can put down the more you can borrow - is that right or wrong?

xx

Bargain_Rzl

Oops - what happened to the end of that post (#65)? ... was trying to say that if the stamp duty threshold goes up again then all the nice places under £125k will suddenly magically start selling for £130k instead :mad: ... AAAAARGH I HATE THESE FORMATTING PROBLEMS!

Bargain_Rzl

Ms_london I think it's true that people will lend you more if you have more of a deposit, but the threshold for ANY kind of decent mortgage seems to be a 10% deposit, so my plan is to save up to £12.5k for the deposit, then keep saving for costs, and if it gets to the point where I've saved ENOUGH for costs and still haven't bought anywhere, I'll start adding to the deposit fund again. I shouldn't really get a mortgage for more than £112-115k anyway or my monthly outgoings might become crippling.

ms_london

Bargain_Rzl wrote:

Ms_london I think it's true that people will lend you more if you have more of a deposit, but the threshold for ANY kind of decent mortgage seems to be a 10% deposit, so my plan is to save up to £12.5k for the deposit, then keep saving for costs, and if it gets to the point where I've saved ENOUGH for costs and still haven't bought anywhere, I'll start adding to the deposit fund again. I shouldn't really get a mortgage for more than £112-115k anyway or my monthly outgoings might become crippling.

Thanks hun. You are so sensible and I will be too when it comes to buying. No point borrowing more than you can afford is there?

Go us being financially independent!! :j :j :j

Bargain_Rzl

By the way, if I turn into one of those Londoners who talk about NOTHING except house prices, please shoot me!

ms_london

We will

http://www.rightmove.co.uk/viewdetails-7753831.rsp?pa_n=2&tr_t=buy



Why so cheap? xx

Bargain_Rzl

I saw that one too and figured they'd probably missed off a nought :rolleyes: ... Or that it's at the top of a tower block and impossible to mortgage (there ARE council estates in Chelsea y'know)

rchddap1

Somehow I think bean's teasing us. On the first scan it bounced around so much it took ages to get a reading. On this second scan we got a little wave, a wiggle of the feet, a cord in the way of the essentials and it was in a difficult position.

I think its got its dad's sense of humour. At the moment I'm assuming its a girl, but I do know nothing is certain until the little pain in the proverbials starts to scream.

SnowyOwl_2

AussieLass wrote:

Snowy Do they not wear tops over in NI? I hope your hooters aren't red.

AussieLass - trust me when I say my "hooters" are paler than pale, they do not get aired outside ever, not even by an open window. The world - though it doesn't know it - is most thankful. My hooter, as in conk, is a nice shade of pre-peel red after yesterday evening's walk.

These differences in English can cause some unintentional giggles...eg I didn't know that "gaffe" in Australia is something different to what we think it is. I got a bit of a funny look that day I can tell ya!

BargainRzl...ooo you are getting yourself all excited big time looking at properties. I must admit I do that a lot as well - I'm looking for a flat in Brighton with a south facing garden and two bedrooms and a long lease and near the sea front and in good condition - don't want much do I? When I first bought I got the max mortgage I could possibly get (then 3 x salary) and bought the only thing I could afford - a flat over a shop on a v.busy street. It was probably one of the wisest things I have done in my thirtysomething years even though I actually hated that flat with a vengence by the time I left. Don't worry if you spot something that looks "perfect" but you aren't quite ready - another one WILL come along. What you're doing now is good homework. You could tempt yourself even further and go and have a look at a few as the descriptions and pictures on the internet can be quite misleading. It's good to figure out what to ask and what to look for as well so that when you're seriously looking you don't miss anything. Apolgies to anyone who's going "tut" at this suggestion - I know it's a waste of time for the vendor, I've been on the receiving end of it too, but worse things happen at sea...

I was going to go walkies this evening but it's threatening rain and thunder, so think I'll crack on with a bit of Flyladying (please don't tell Mogs as I might not achieve very much and I don't want to get her hopes up too much).

TickleMouse - I was sorry that England lost the world cup, but only because you won't get that refund on your telly after all.

Bye all, enjoy your evenings.

SnowyOwl

comping_cat

Bargain Rzl - that flat looks lovely, im sure you will find something once you are ready!!! Have you read the thread on the mortgage free wanabe site about mortgage pigs? Ive got one now for any spare change and extra money(!!!???) i might have. Its my new favourite thing (my pig is called Pork chop!!) and ive managed to make quite a few extra payments into my mortgage now. A friend of mine is doing the same thing, but saving for a holiday, so could be an idea for you moving/appliance expenses!!!!

Rchdapp - so glad the scan went ok, maybe bean will be in the right position in 3 weeks time!!! I remember with my first scan with DS, one of his arms looked like it was waving and i got all excited!!!

Shez - glad you have had a better day at work today

PP - will keep my fingers crossed for you, re the DLP.

MATH - nice to see you back!!!!

Michelle - glad your inspection went well!!!

My mind has now gone blank aout all the other posts ive read, but hope everyone has had a great day, oh, and hope the OHs have had good birthdays!!!!

Funny old day here, ive been wishing for all that lovely hot sun everybody seem to be having, as down here weve had quite a lot of cloud, a bit of a breeze and the odd drop of rain. There has been a little bit of sun, but nothing much. Mind you, it did mean we had a nice walk to school and back without getting hot and sweaty!
Made a lovely shepherds pie for dinner, DS loved it, DD refused to eat it, she is such a finiky little thing, i do wonder what to feed her, if she had her way she would live on spaghetti bolognesse!!!!
Well, off to unload and then reload the DW, and then a nice bubble bath and a book (reading Shopaholic at the moment) i think!!!!
Have a lovely evening everyone,
Take care xxxxxxxxxxxxxxxxxxxxxxxxxxxx