Savvy home buyers .....

nembot

Blacklight wrote: »

And that's the reason the 'interest rates are going up sometime soon and then the world will end' argument is total turnip.

A similar scenario didn't stop rates hitting double figures, not that long ago. The world didn't end, but there were some financial casualties.

When interest rates need to rise, they will - regardless of the affect on house prices. There is no evidence out there to suggest they won't, but a whole load of history and economic issues that suggest they may and I'm expecting to see rises in the next 6 months.

Graham_Devon

JonnyBravo wrote: »

You got this bit right.
Except you clearly don't understand the difference between "effect" and "affect".
Just trying to clarify things which seem to be the usual Really2 vs Graham_Devon

Why thanks.

I'm glad you picked up on my spelling and homed in on that. Of course, everyone else read it completely wrong, but a spelling mistake....that's got to be worth picking up on far more than picking up on everyone making out the story is rubbish even though they can't even read it right

JonnyBravo

Graham_Devon wrote: »

Why thanks.

I'm glad you picked up on my spelling and homed in on that. Of course, everyone else read it completely wrong, but a spelling mistake....that's got to be worth picking up on far more than picking up on everyone making out the story is rubbish even though they can't even read it right

It wasn't a spelling mistake though was it? They are two different words with different meanings.
It's not my fault you take humbrage at having your mistake (a common one) pointed out (a common reaction).
I guess you work in an environment where you never need to learn anything new eh?

nearlynew

JonnyBravo wrote: »

It wasn't a spelling mistake though was it? They are two different words with different meanings.
It's not my fault you take humbrage at having your mistake (a common one) pointed out (a common reaction).
I guess you work in an environment where you never need to learn anything new eh?

I love it.


100% gauranteed.

JonnyBravo

nearlynew wrote: »

I love it.


100% gauranteed.

he he he

it's a fair cop guv

Graham_Devon

JonnyBravo wrote: »

It wasn't a spelling mistake though was it? They are two different words with different meanings.
It's not my fault you take humbrage at having your mistake (a common one) pointed out (a common reaction).
I guess you work in an environment where you never need to learn anything new eh?

LOL. Yes, it was a spelling mistake, obviously. Unless you are trying to suggest I meant to use the wrong word, and therefore, it's not a mistake?

See, this is why I love this forum. Get a load of people shooting down an article that doesnt suit their viewpoint that they can't even read right, so someone picks up on it, and it's turned into a personal war

Why do I love it? Well, it's obviously upset some

You are never gonna get an "oh yes, I think that's correct, I must have read it wrong" around here. I guess making a mountain out of a molehill and taking it to a personal level, while trying to make out the one to see the error of everyone else, can't infact understand anything and is therefore a complete pleb is the equivalent to that

vaporate

HAMISH_MCTAVISH wrote: »

And then some.

I've had single weeks where I've spent more than £886 on eating out.

I've even had a fair few dinners for two that were there or thereabouts, including wine.

Although granted, I do get to claim a lot of it back if it's business entertaining.

Moron then lol

System

Graham_Devon wrote: »

Erm guys,

Read the actual couple of paragraphs:

The very fact that the second paragraph talks about those not knowing which rates they are on, and the line "which would make them unaffected by an interest rate rise" kind of tells us that the 74% initial paragraph is only looking at those who would be effected.

Just to clarify Graham, you got this bit wrong.

RenovationMan

chewmylegoff wrote: »

if rates do go up you could just make up a yet another new overpayment figure and write that into your signature, should help to mitigate the pain.

chewmylegoff wrote: »

a few days ago your alleged overpayment in june 2010 was only £10k, now it's £30k. getting a bit silly now isn't it?

Sorry, but have I done something to offend you? I have already explained that the £30k overpayment this year was from funds I already had and that I overpaid in 3 x £10k amounts because the bank only allows a maximum of £10k per day on transfers and I wanted to check one transfer had arrived safely before the next was paid. I also said that I am only allowed to overpay by 10% per year, so I cant make another payment without a redemption penalty.

The whole point of my blog is to document the three years of my challenge/gamble including the highs and lows. The main reason people on the MFW board (and also on the DFW board) keep these diaries is to motivate themselves. It would therefore be poor motivation to sit and lie to myself day in day out. What would be the point?

RenovationMan

Malcolm. wrote: »

Why, according to your signature, are you getting valuations every two months? Do you have the hots for the valuer of something? Or are prices static 'round your way?'

Sorry, my signature probably isn't clear enough. My valuation is the purchase price of the house and therefore the valuation the mortgage is based on. The MFW challenge I'm doing is to try and get my LTV down to 50% (i.e. I own half of the house and so does the bank) and so the percentage calculation for the LTV is based on the valuation and the remaining mortgage amount.

While the overpayments will change over the three years, the valuation will remain the same. I am hopeful that when we get the house revalued for the next mortgage in three years, the house price will have increased, but I'm not holding my breath as I think we'll see stagnation over the next 3 to 5 years.

I seem to be causing offense with my signature but I have no idea why. It's only really there to motivate me and let the other bloggers on the MFW board know how I'm doing on the challenge. People on this and other boards are more than welcome to ignore it.