Please Advice on 125% Mortgage for a FTB

sheraz2

Gorgeous_George wrote:

You need a lightbulb moment.

Then, go over to the Debt Free Wannabe board and learn to love paying off debt.

Pay your debt off over 4 or 5 years and houses will still be for sale - possibly at half the current prices (depending on planning laws, interest rates, immigration policy, demography, Bird Flu etc.).

Personally, I doubt houses will be more expensive in 5 years time (unless you live in an area of regeneration).



GG

And so the merry go round continues! This is what people were saying 5 years ago :rolleyes:

meanmachine_2

sheraz2 wrote:

And so the merry go round continues! This is what people were saying 5 years ago :rolleyes:

Maybe those predicting a crash five years ago didn't think banks would be quite so stupid as to offer 125% mortgages to people seriously in debt.

Have you thought about that before making flip remarks?

:rolleyes: :rolleyes: :rolleyes: :rolleyes: x 10