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Advice Needed – To upsize or not?
Comments
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andy208833 wrote: »
You can't just sit indoors all the time lovely as the house may be.
Yes you can.
OK if you have a garden you can.
You can live without cinemas, pubs, meals out you know.0 -
andy208833 wrote: »Will getting the larger house effect your life i.e. with the xtra expense will you be able to live, have holidays, go to concerts, buy stuff etc
You can't just sit indoors all the time lovely as the house may be.
I would say that to get something really worthwhile it's worth giving up a few drinks at the pub.No reliance should be placed on the above! Absolutely none, do you hear?0 -
why are you concerned to move now? If you stay & houe prices fall then you still stand to lose value in your current property.
fixed 5 year deal at 5.19% sounds very good - youre covered when interest rates ineviatably go up this year and next. £150 extra a month to have a bigger house that you want sounds a very good investment!
Also...I wouldnt worry about it not increasing in value - new builds are always overpriced - and some very significantly it may also be they bought it 100% or some sort of equity scheme which housebuyers dont realise that means you actually end up paying for all those "free extras" in the price of the house anyway! Housebuilders (nearly) always make a profit!
If the house & location ticks the boxes, then I say go for it - good luck!!!0 -
ll that really matters is cost to change.
is the better schools and extra room worth £150 a month to you?
Is it worth £300 a month to you if rates go up?Debt free 4th April 2007.
New house. Bigger mortgage. MFWB after I have my buffer cash in place.0 -
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BitterAndTwisted wrote: »No sensible person ever bought a house based on what they think prices will do over a five-year period. Which is fortunate because none of us has a crystal-ball. Sensible people buy a house because it meets their needs as a HOME and they can afford the mortgage payments on it.
Sums up perfectly what I would say.0 -
gingertips wrote: »OP already said that theyve been offered a fixed rate for 5 yrs at £150.
And after the 5 years?No reliance should be placed on the above! Absolutely none, do you hear?0 -
diamondfreddie12 wrote: »We have been given a 5 yr fixed rate at 5.19% and our mortgage payments will only increase by £150 each.
Doesn't the OP mean that it's an extra £300 per month (£150 each)?0
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