Please help, now i've owned up to the Debt i have!

Lisa1978

ps, as a comparison, a 4 bedroomed detached house here is as little as £200k! Big difference from London! xx

Deep_In_Debt

Lisa1978 wrote: »

ps, as a comparison, a 4 bedroomed detached house here is as little as £200k! Big difference from London! xx

Yep, I live in an expensive part of the UK - Surrey - and to rent a not particularly nice, unfurnished studio apartment in this area is around £500-600pm rent without the bills. It's all relative as to where you live in the UK as to rental costs.

My 2 up, 2 down mid terrace is probably worth 200k!

LexieLou

Hi,

I think I'm the only one here who may have lived in both UK mainland and NI. Thing with NI is prices shot up really really quickly, so you basically are renting a property for pretty much the cost of the mortgage. So in Lisa's case ( and please correct me if I'm wrong) I imagine Lisa bought the house as a long term investment rather than a short term one, a short term one is OK in parts of mainland UK as you can make a good return v quickly. Also in NI, esp in Belfast (where I'm from and live, for your ref Lisa) rent is very much dependant on area, madly enough religion in an area can determine the house value and rental value. We are totally messed up here!!

So that's why Lisa's in the pickle she's in with her house. Terraces in Belfast a couple of yrs ago were selling for £220K, which is 11 times the average income in NI and 10 times the average in UK mainland. So lecture over, sorry to bore you all, but felt a bit of background was needed.

Anyway Lisa, how are the wedding plans coming along? I've renewed my car ins with the Post Office again, I found them thru price comparison sights. Did it last yr and it was great, renewal quote came thru bit too pricey, check comparison site again and then called them. They dropped the renewal price by £50 and we were all happy.

I got £96 recycling old phones. I used greentec, but again google and see what you come up with.

Keep your chin up hun and keep us posted on the wedding.

LL xx

Lisa1978

LexieLou wrote: »

Hi,

I think I'm the only one here who may have lived in both UK mainland and NI. Thing with NI is prices shot up really really quickly, so you basically are renting a property for pretty much the cost of the mortgage. So in Lisa's case ( and please correct me if I'm wrong) I imagine Lisa bought the house as a long term investment rather than a short term one, a short term one is OK in parts of mainland UK as you can make a good return v quickly. Also in NI, esp in Belfast (where I'm from and live, for your ref Lisa) rent is very much dependant on area, madly enough religion in an area can determine the house value and rental value. We are totally messed up here!!

So that's why Lisa's in the pickle she's in with her house. Terraces in Belfast a couple of yrs ago were selling for £220K, which is 11 times the average income in NI and 10 times the average in UK mainland. So lecture over, sorry to bore you all, but felt a bit of background was needed.

Anyway Lisa, how are the wedding plans coming along? I've renewed my car ins with the Post Office again, I found them thru price comparison sights. Did it last yr and it was great, renewal quote came thru bit too pricey, check comparison site again and then called them. They dropped the renewal price by £50 and we were all happy.

I got £96 recycling old phones. I used greentec, but again google and see what you come up with.

Keep your chin up hun and keep us posted on the wedding.

LL xx

Yes, Lexie thats all true. Basically about 5 years ago i bought the property for £60000 (so cheap!). I bought it to let it out, however split up with the ex, lived in it myself for a few years then rented it out as meet my finance. In the meatime, as you say the house prices here shot up and house was worth £150000, when i purchased our apartment in July 08. however, unfortunately price back down to below £100k and i owe £96k as i'd to remortgage on the house to affrod the deposit on our apartment (which is now in negative equity).

wedding plans are going great. I am meeting with the hotel tonight ref which rooms to take and i was to pay £500 deposit but i've told her that i wouldn't have it all tonight, so she says that we can take 2 months to find it :) Which is fine as parents giving me £300 of it tonight, so i've only £200 over next 2mths to get! Got the 3 flowergirl dresses all for £69 from ebay from a lady in Amercia and they are stunning. Didn't take the £1200 wedding dress i was looking at, went back to shop, said was on a budget and got a dress that is stunning for £400 . Also buying name cards of ebay (was orginally looking at ones that were 48p each, got them for 2p each!). Going to hire the mens outfits and will save a few hundred pounds as well .

Thats great about your car insurance , nice one! I've only got a really old phone which is only worth £6, but i guess it's £6 i didn't have before and will cover nearly a weeks gas, haha.

Thanks Lexie . How are you getting on? This is a great forum! xx

LexieLou

Hey Hun,

I'm good thank you. That's brill about the wedding. My mate got married yrs ago and did it on a budget. Picked up the most stunning pair of wedding shoes for £24 in pronuptia!

I know the forum is like my daily escape from the nightmare around me!

I'm away to update my diary and I'll pop in over the weekend to say hi.

LL xx