Co-habitation - advice please!

pararct

nearlynew wrote: »

If anything good is to come out of this sorry situation the OP is in, then this thread should serve as a warning to anyone thinking of entering into some sort of share scheme.

And the rent to buy schemes mentioned elsewhere on this board!!

HAMISH_MCTAVISH

TypeR wrote: »

I wouldn't say we're laughing,

The thread is titled....

Evil Laughs Ahoy! Well makes me laugh anyway

Denying it just makes you look even more stupid.

more like feeling sorry for her

With comments like these.....

i think it will come down to how good a Sh8g she is

f *ck me. warms your cockles doesn't it.

I'm sorry if you were stupid enough to buy half a house and think it was a good idea, then you deserve everything you get.

Don't paint her as a victim. She went out and found a SO property priced well-over what it was worth (3 years = 2007) and then went to a bank to borrow lots of money on interest only. It is the people who were rushing to buy houses at inflated prices that inflated them even more, and they did it out of self-interest. She is guilty

Yeah.....

We can all see exactly how "sorry for her" you sick f eckers feel.

for listening to the advice of property-pushers like yourself.

I've never suggested to anyone that buying a shared equity house in Northern Ireland on an I/O mortgage was a good idea.

I have on the other hand noted frequently that most buyers of a whole house on the mainland UK are doing pretty well, all things considered. And much to your dismay.

Aberdeenangarse

HAMISH_MCTAVISH wrote: »

Having looked at the singularly unhelpful replies in this thread, I thought something was up.

Sure enough......

This thread has been linked to from elsewhere for some sick people to laugh at the OP.

housepricecrash

You seem to spend a lot of time over there? Can't you just say sorry, can we be friends again, I'm sure they'd let you back!

rinkydinkpanther

I don't think anyone is laughing at the OP. I think a lot of people (myself included) are actually horrified about her situation, and are concerned that she doesn't appear to realise just what a mess she's now in. She seems to think the 3 years of interest only payments count for anything. She says she's planning to buy a house in a few years - seemingly not realising that this means she has to not only keep paying her current mortgage, including a tiny amount of capital because she has shifted to a repayment deal, plus her rent, but also save enough to clear the negative equity before she can sell - NE which is only likely to increase in the short-term. Oh, and save up a minimum of a 15% deposit for the house, plus moving costs. I wouldn't wish this scenario on anyone. The OP having posted expecting some advice about the legal position of cohabitation has instead had the true magnitude of her whole ill-advised property purchase pointed out, and is probably sobbing into a stiff drink somewhere. I would be.

Edited to add, I meant the people on this site, not the crowing misogynists over at HPC.

Si1

MadnessOfHPC wrote: »

I don't get why people are criticising this homeowner as she is just wanting and doing the best for her own. She has committed no crime yet the hpc ghouls have scared her away. Well done you vultures.

she has committed a crime against her own best interests, which she will become more clear about over the next decade.

HAMISH_MCTAVISH

rinkydinkpanther wrote: »

Edited to add, I meant the people on this site, not the crowing misogynists over at HPC.

Sadly, most of the replies in this thread are in fact from the "crowing misogynists over at HPC."

nearlynew

HAMISH_MCTAVISH wrote: »

The thread is titled....

Evil Laughs Ahoy! Well makes me laugh anyway

Denying it just makes you look even more stupid.




With comments like these.....

i think it will come down to how good a Sh8g she is

f *ck me. warms your cockles doesn't it.

I'm sorry if you were stupid enough to buy half a house and think it was a good idea, then you deserve everything you get.

Don't paint her as a victim. She went out and found a SO property priced well-over what it was worth (3 years = 2007) and then went to a bank to borrow lots of money on interest only. It is the people who were rushing to buy houses at inflated prices that inflated them even more, and they did it out of self-interest. She is guilty

Yeah.....

We can all see exactly how "sorry for her" you sick f eckers feel.



I've never suggested to anyone that buying a shared equity house in Northern Ireland on an I/O mortgage was a good idea.

I have on the other hand noted frequently that most buyers of a whole house on the mainland UK are doing pretty well, all things considered. And much to your dismay.

There are some distasteful comments on the HPC thread. I'll give you that McTittish.

But there are some sympathetic posts too.

Why don't you post some of those?

ninky_2

one glimmer of hope for the OP. at least her 'landlord' (banks) are not looking like they are going to put the 'rent' up anytime soon. the same may not necessarily be the case for those trapped in the private rented sector.

nearlynew

MadnessOfHPC wrote: »

Shared Ownership schemes work a treat for ANY FTBer to get a good hold on the ladder. The case at point here is the IO mortgage.

Oh is that right mr property expert?


Being responsible for all maintenance on a house you "share" is OK is it?

Or sharing any rise in price but taking any lossess on your own is sensible is it?



SO is a pile of !!!!!!. Only welcomed and encouraged by idiots like you.

nearlynew

MadnessOfHPC wrote: »

......I guess renters just expect someone else to foot your bills.

You mean like SMI recipients?




(by the way, I own 2 mortgage-free houses)