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Debate House Prices


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Another take on 'affordability'.

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Comments

  • sss555s
    sss555s Posts: 3,175 Forumite
    Cleaver wrote: »
    The kitchen looks ace (and a bit like our's).

    You and your other half aren't me and the missus in disguise are you?


    You sure your missus isn't selling it without telling you cleaver? :D
  • Mr.Brown_4
    Mr.Brown_4 Posts: 1,109 Forumite
    If they leave the garden furniture you might be able to knock a few grand off.

    What?

    Bit mean?

    It's what I do.
  • sss555s
    sss555s Posts: 3,175 Forumite
    The deposit looks good

    The mortgage v's wage looks good

    The house looks good

    I think most FTB's would love to be in that position.
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    lostinrates wrote: »
    I love real sized kitchens: where you know your kids could sit and do homework while you cook supper...or bake for the freezer and where t night you can close he door on the daytime part of your life and go in to a clean and tidy sitting room that's for...sitting in...because the kitchen contains all it needs too with out spilling out.


    Exactly :) There are double doors between the kitchen and lounge too, which is nice.
    Mr.Brown wrote: »
    If they leave the garden furniture you might be able to knock a few grand off.

    What?

    Bit mean?

    It's what I do.

    ???
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    TBH, it has its pros and cons. The garden could be bigger for a start, as could the bathroom, but the 4 bedrooms and huge kitchen are major pluses.
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    tara747 wrote: »



    ???


    hee hee. You'll get it if you hang around up here a bit more. Did you PYNTuesday? I forgot again. :o
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    lostinrates wrote: »
    hee hee. You'll get it if you hang around up here a bit more. Did you PYNTuesday? I forgot again. :o

    I forgot too! LOL

    (although I don't have the nail varnish stash that most of you do, it's everything else that I need to use more of :o )
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • morag1202
    morag1202 Posts: 536 Forumite
    Cleaver, I agree with your OP and know couples who are saving and can afford to buy whilst still having a life.

    For those worried about interest rates there is an interesting 10 year fixed for 5.2%
    Murphy was an optimist!!!
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    morag1202 wrote: »
    ]
    For those worried about interest rates there is an interesting 10 year fixed for 5.2%

    That is quite interesting. Can anyone explain this bit:
    Early Repayment Charges:
    10 Year Fixed Rate Mortgage
    Additional payments over 10% of balance or redemption in first 10 Years:
    • 6% Until 30.06.2016
    • 5% from 01.07.2016 to 30.06.2017
    • 4% from 01.07.2017 to 30.06.2018
    • 3% from 01.07.2018 to 30.06.2019
    • 2% from 01.07.2019 to 30.06.2020

    Does that mean you can pay of 10% additional of your mortgage in the entire 10 year period? What's all the 6%, 5% stuff?

    Someone help me here, I'm tired.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Cleaver wrote: »
    That is quite interesting. Can anyone explain this bit:



    Does that mean you can pay of 10% additional of your mortgage in the entire 10 year period? What's all the 6%, 5% stuff?

    Someone help me here, I'm tired.
    It means "these are your penalties, listed by date, if you repay more than 10% in any one year, or if you redeem the mortgage entirely within the 10-year-fix period"

    So, you can fix for 10 years. You can overpay by up to 10% per year .... but if you overpay by more than 10% or want to pay it off .... you'll have to pay these extra penalties. These are the redemption charges, which reduce over time.
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