Stuck in their starter homes

EchoLocation

£425,000 £425,000 £425,000 £425,000 ??? :doh:

serious_saver

"The mortgage company wouldn’t lend us any more money because of the valuation they decided to put on our house"


. . . because the evil mortgage company deliberately decided to value their property for less? The market is not where it once was, therefore the house is not worth as much.

michaels

Yep - must be a particularly dodgy bit of Harpenden a long way from the station for a 3 bed detached to be so cheap.

http://www.rightmove.co.uk/property-for-sale/property-33951110.html?premiumA=true

A snip at 785k

EchoLocation wrote: »

£425,000 £425,000 £425,000 £425,000 ??? :doh:

Going4TheDream

michaels wrote: »

Yep - must be a particularly dodgy bit of Harpenden a long way from the station for a 3 bed detached to be so cheap.

http://www.rightmove.co.uk/property-for-sale/property-33951110.html?premiumA=true

A snip at 785k

I dont think there are any dodgy parts, used to live in Lilley and go to Harpenden regularly to the pub in my younger days, the best part of Harpenden is by the Common.

http://www.rightmove.co.uk/property-for-sale/property-20596095.html?premiumA=true

A two bed flat there these days is around £200k which seems crazy

Road_Hog

the_flying_pig wrote: »

staff were offered the chance to turn in their final salary pension for something like a 10% pay rise.

The thing is, you know somewhere along the line, a few years down the line, the company will have clawed that 10% back and brought you into line with other employees.

PasturesNew

Listen... 5h1t happens. Right.

My first house was a SO bedsit on a council estate and after 7 years I was in NE.... I wanted to sell it, so wrote out a cheque for the 5% NE I was in. I then saved/waited another 3 years before buying again.

5h1t happens.... it's happened to thousands of people before and will happen to thousands of people in the future.

Many would think living in a NE house would be brilliant as at least people in NE HAVE a house.

Percy1983

PasturesNew wrote: »

Listen... 5h1t happens. Right.

My first house was a SO bedsit on a council estate and after 7 years I was in NE.... I wanted to sell it, so wrote out a cheque for the 5% NE I was in. I then saved/waited another 3 years before buying again.

5h1t happens.... it's happened to thousands of people before and will happen to thousands of people in the future.

Many would think living in a NE house would be brilliant as at least people in NE HAVE a house.

This true, locally the market is still falling and I am in the process of buying right now, I may end up in NE but so what I have a home and a mortgage I can afford.