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Getting a mortgage with a partner who is self employed?
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At more suggestions?:staradmin Competition wins! :starmod:
John Frieda Hair products, £250 House of Fraser Giftcard, £250 Superbreak vouchers, Bblonde entire range,£100 Pets at Home Giftcard, Benefit Cosmetics, Peppa Pig goodiesThanks to everyone who posts!0 -
35 years mortgage...Oh my god....If you where my daughter i would be having a word..
New build and a never ending mortgage..Not for me...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
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I'm sure the attraction is the 5% deposit, not particularly the new property attached to it.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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Surely it's better to have a 35year mortgage than pay someone else's mortgages for 35 years?? Much rather have a new build too:staradmin Competition wins! :starmod:
John Frieda Hair products, £250 House of Fraser Giftcard, £250 Superbreak vouchers, Bblonde entire range,£100 Pets at Home Giftcard, Benefit Cosmetics, Peppa Pig goodiesThanks to everyone who posts!0 -
As long as you understand the way the property value falls as you move in, as the premium disappears. A 95% mortgage over a very long term means instant negative equity and inability to sell (at break-even) for a number of years until the price recovers and you achieve more equity in the property.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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Yes I understand that hence why we are buying a 4 bed rather than a 3 bed when there is only 3 of us so we have space for a new baby too once we've had it so we will be in it for the long run, I'm thinking we will have a larger deposit the way we are going anyhow as I'm having urgent spinal surgery on Thursday thanks to the dimwit who drove into me!!:staradmin Competition wins! :starmod:
John Frieda Hair products, £250 House of Fraser Giftcard, £250 Superbreak vouchers, Bblonde entire range,£100 Pets at Home Giftcard, Benefit Cosmetics, Peppa Pig goodiesThanks to everyone who posts!0 -
Oh and I'm only young so a 35 year mortgage will definitely be paid off by the time I retire, I don't see why there is such negativity about new builds, I'd much rather have a new build, everything brand new and fresh with nice clean flat walls, low energy bills, easily maintained garden and a blank canvas to decorate!:staradmin Competition wins! :starmod:
John Frieda Hair products, £250 House of Fraser Giftcard, £250 Superbreak vouchers, Bblonde entire range,£100 Pets at Home Giftcard, Benefit Cosmetics, Peppa Pig goodiesThanks to everyone who posts!0 -
Quiet again?:staradmin Competition wins! :starmod:
John Frieda Hair products, £250 House of Fraser Giftcard, £250 Superbreak vouchers, Bblonde entire range,£100 Pets at Home Giftcard, Benefit Cosmetics, Peppa Pig goodiesThanks to everyone who posts!0
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