Well.. i finally did it. Purchasing my first properdee innit :)

fc123

chucky wrote: »

what i think Blacklight is trying to say is that these arguments that you're putting forward are exactly the same that these 'bulls' you call have been telling you for the last 18 months.

these same points are very valid but you dismissed them previously but seem to have gone the other way now... and are justifying your actions...

Could be just buying what is in budget any given time?

I am sure all of us have 'overpaid' or 'got a bargain' on all sorts of things through our lives.

chucky

fc123 wrote: »

Could be just buying what is in budget any given time?

I am sure all of us have 'overpaid' or 'got a bargain' on all sorts of things through our lives.

most definetly - i think the key with neas was that he could buy but at a higher mortgage rate. by saving a bit more he's reduced the mortgage rate he pays. it makes perfect sense.

i've no problem with it - just highlighting that he was one of the ones slating others for buying previously using the same logic

neas

yea at 15% the rates for 5 year fixed get closer to 5.69%... so its a double whammy.

Gorgeous_George

Good luck in you new home neas.

Life is for living and your reasoning sounds fine to me. Remember, there is more to home ownership than paying the mortgage. You won't have a landlord to fix that leaking radiator etc., and when you need to move you'll probably have to pay an estate agent (that hurts).

Enjoy.

GG

JonnyBravo

Gorgeous_George wrote: »

....and when you need to move you'll probably have to pay an estate agent (that hurts).

Easy fix. Simply let out your last house, avoid estate agents fees and the proles pay for your champagne from then on.
:beer:

fc123

chucky wrote: »

most definetly - i think the key with neas was that he could buy but at a higher mortgage rate. by saving a bit more he's reduced the mortgage rate he pays. it makes perfect sense.

i've no problem with it - just highlighting that he was one of the ones slating others for buying previously using the same logic

Yeah....the whole IR thing......it's very difficult for 'man on the St.' to beat 'them' long term.
The way the marlet adapts to the cost of borrowing?..probably the biggest lesson I have learnt in 2 years hanging out here......I understand what the ticket price means a lot more now.

fc123

JonnyBravo wrote: »

Easy fix. Simply let out your last house, avoid estate agents fees and the proles pay for your champagne from then on.
:beer:

...but then you are involved in a 'people business''....I don't believe BTL is purely just about bricks and land.

I have no idea what the stats are for a 'dodgy' tenant...maybe 1 in 10? We were very lucky with our tenants but I have heard some tales from people I know plus read some stuff on MSE that shows it's deff not 'easy lucre''.

LilacPixie

Congratulations. You have made the choice thats best for you and your family.

new_home_owner_3

anyone who wants to buy something and then instantly be happy about it losing thousands of pounds is a mug.....

Like someone said earlier, if you really had faith in what you think is going to happen, you would not be throwing your money down the drain in buying now.

Its your choice the same has geoffky and mgbfa!!!!!!!!alitus, you all said house prices were going to fall but lets be honest, i bought last year and if i knew house prices where going to fall like you three have been saying, i would never have bought.

its about time you all grew some balls and said you was wrong...

new_home_owner_3

hey neas your a nice person take a look at this

https://forums.moneysavingexpert.com/discussion/1398389

i just hope your life stays rosey.......