The ELITE- home of big birds, burgers and beautiful people!

David.

mum-of-4boys wrote: »

Hi thanks bubbs, did look on google but did'nt really understand it, but it does look like it means property is owned without a morgage thanks

No its not

mum-of-4boys

nerfdad wrote: »

I have a mortgage on my house and it's free hold:)
Free hold means you own it
Lease hold means someone else does but if your looking at buying always go free hold as on lease hold there is maintance to pay:o

thank you, why can't google explain it so simply, thank you soooo much :D:D

Tinyshoes

hobbes71 wrote: »

Got caught up in this on the way home...........nearly an hour to get 5 miles down the road!!!! We're battening down the hatches here, wind's whistling up the harbour like a rocket

Stay safe hobbes. :eek: Glad you got back safely, luckily we have not been on those roads today.

bubbs

I just realised i have not been in a shop today:eek::eek:

nerfdad

Enterprise_1701C wrote: »

We have under 2 years left

I wish:o if we had not moved it would of only been 9 years:o

rose28454

Enterprise_1701C wrote: »

We have under 2 years left

I have 1 month left on part of my mortgage and 6 years on the rest. My mortgage payments will go down by £300 per month from April. Just in time for me to use the money for a bday part for my 60th.
Off to Italy with OH and dd ( and dog ) next week. They are skiing and I will be resting. Driving through Eurotunnel and going through France, Belgium, Luxembourg, Austria and Italy.

davemorton

So long as you get a long lease when you buy the property (I think most mortgage lenders wont lend to you if it is under something like 50 years) I would not worry too much about which one it is, so long as the rent is not much. I had a property where the rent was a peppercorn a year (hence the term peppercorn rent) and I had another house where it was £10 a year (more normal). I think (but not sure) there was meant to be a new law or something coming out where they had to allow you to buy the lease for the property, but I could be talking small male cows, and when the rent is so low, it isnt worth the £1000 or so they wanted for it, as there was still hundreds of years left on the lease.

bubbs

rose28454 wrote: »

I have 1 month left on part of my mortgage and 6 years on the rest. My mortgage payments will go down by £300 per month from April. Just in time for me to use the money for a bday part for my 60th.
Off to Italy with OH and dd ( and dog ) next week. They are skiing and I will be resting. Driving through Eurotunnel and going through France, Belgium, Luxembourg, Austria and Italy.

Have a lovely time:D:D

Jelly_Biactol

Call_of_Trouty wrote: »

Sounds like some crap you see on facebook:p

Good call!:) If I was on facebook, it would be on there. And I would've tweeted about it too.

Jelly_Biactol wrote: »

With all the problems the world is facing, from climate change to civil wars and famines, not to mention the terrible devastation that the floods in this country are causing, it's down to twitter to put all that into perspective. Think you've got problems? Pah! Has a swan ever spat in your salsa??? I'll show you problems….

davemorton

nerfdad wrote: »

I have a mortgage on my house and it's free hold:)
Free hold means you own it
Lease hold means someone else does but if your looking at buying always go free hold as on lease hold there is maintance to pay

Do I need to get the big guns out??
That could be so on flats, but on a house it is no different to owning freehold, so long as you have a long lease (apart from you needing to pay ground rent yearly)