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Overpaid for house...
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Thank you all!! very helpful and even quite therapeutic to hear!0
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The only thing you need to worry about is whether you're happy in the house and it meets your needs. If it does, you won't be selling it for a long time, so the price you paid will be academic, compared with its long-term value as a home.
If you spend too much time with rear-view mirror thinking, however, the house will always be some kind of second best and, chances are, you'll not stay there long. That's when it could become overpriced.0 -
Need to think about LTVs when remortgaging though......0
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Honestly just stop looking At houses it’s worst thing you can do0
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Could also be that you are just within the catchment of a highly rated school and the other property you mentioned is just outside it. Can make a big difference to the price sometimes.0
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That's a good point. How do they assess the value when remortgaging?
When the "standard" Nationwide's valuer valued previously, they just looked at the property from the outside and rubber stamped the sale price. Is it a similar process?0 -
jumbowindows wrote: »That's a good point. How do they assess the value when remortgaging?
Are you even planning on remortaging? if not this is irrelevant to you.
I would guess that most people never need to remortage, its not a worry that needs considering.0 -
We found out next door which sold a week after we completed ours that it sold for 50,000 more. It’s been refurbished a tad more more than ours but it’s lay out and square footage is the same.
Allowing for the nicer kitchen/decor etc, either we got a bargain or they well and truly overpaid! But I bet we are both as happy with our purchases. As long as your happy I wouldn’t worry too much. A house is a home to me.0 -
We have a 2 year fixed deal, so I thought that after that we would need a new mortgage, is that right?0
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iammumtoone wrote: »Are you even planning on remortaging? if not this is irrelevant to you.
I would guess that most people never need to remortage, its not a worry that needs considering.
We have a 2 year fixed deal, so I thought that after that we would need a new mortgage, is that right?0
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