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CML: Age of FTB
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So HPI has gave you a nice boost along the way then.
Just to further back up the above
http://forums.moneysavingexpert.com/showpost.php?p=44851208&postcount=173I originally bought on a 100% mortgage and after 4 years had just over £35k equity IIRC.
That meant my deposit on the house pushed my LTV to below 80%, meaning I could get better mortgage options.
So, HPI cost me more nominally, but allowed me to have equity to upsize and to obtain a lower LTV.
Had there not have been HPI, it would have taken many more years before I could have afforded to upsize.
It may seem strange, but HPI allowed me to move up the ladder quicker than I would have been able to do so without it.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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