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LAND REGISTRY data finally shows FALLS in House Prices
Comments
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Melissa_Hewett wrote: »There is nothing wrong with 100% mortgages.
You said after uni not during
You don't see what's wrong with 100% mortgages?
Well I don't know whats more of a liability, you or 100% mortgages.I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)0 -
Melissa_Hewett wrote: »
There is nothing wrong with 100% mortgages.
Nothing wrong as such, no. In the right circumstances they're fine.
But they are a classic sign of an overheated bubble in the housing market.
Others signs include heavily promoted IO mortgages,
Shared ownership schemes,
broomcupboards costing as much as an average house.
....................I could go on but can't be bothered0 -
Well I'm not sure if this is good or bad...
Horsham
Average Cost: £307,154
Detached: £475,721
Semi-detached: £258,056
Terraced: £218,262
Flat: £162,987
Change in last quarter: 5.4%
Change in last year: 21%
Sales: 627Official DFW Nerd Club - Member no. 492 - Proud To Be Dealing With My Debts0 -
Did that house come with the strippers pole in the living room, or did you do that to add value?
http://www.myspace.com/iearnedmywings
(Her words, not mine)
My partner added it for our pleasure :j0 -
well you borrowed & rented @ 19.
I too bought a house @ 21 with cash in p!key stoke.
came away 4 years later with £42k in my back pocket = £28kish profit.
£13k of uni loans, worked every summer, easter & xmas break doing my autocadding earning £18/hour.
so yes very fortunate for me, but for me to turn round and suggest that for people to afford a home by saving £20 a month from the age of 14 is non-sensical rubbish.
look i don't want to fall out with you, cos i like the look of your tatties :T
I did not say saving at 14 woukd buy you at home, it was just something else the OP could have done to help him out later in life. to ASSIST him0 -
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wecanhelpu wrote: »Nothing wrong as such, no. In the right circumstances they're fine.
But they are a classic sign of an overheated bubble in the housing market.
Others signs include heavily promoted IO mortgages,
Shared ownership schemes,
broomcupboards costing as much as an average house.
....................I could go on but can't be bothered
Or that i have to have somewhere to live and renting and a mortgage is the same amount here.0 -
Melissa_Hewett wrote: »No i have an 100% mortgage and am happy with it
When your house is worth 40% less than it is now and you come off the fixed rate period and move on to your lenders SVR, I suspect that might dampen your 'happiness'. I just hope your 'happy' to stay in the same house for the next decade or so.0 -
Melissa_Hewett wrote: »No i have an 100% mortgage and am happy with it
our first mortgage was 100% and got us on the property ladder - now we are going for less of a LTV on our next purchase...Official DFW Nerd Club - Member no. 492 - Proud To Be Dealing With My Debts0 -
Parallel_Universe wrote: »our first mortgage was 100% and got us on the property ladder - now we are going for less of a LTV on our next purchase...
That makes perfect sense when HPI is rising. When it's not, it doesn't work that way I'm afraid.0
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