How to get the equity back on an house lost

davidmcn

Rocksolid said:

davidmcn said:

Rocksolid said:

powerful_Rogue said:

Rocksolid said:

steve866 said:

Rocksolid said:

Jamaicanmelaff said:

Rocksolid said:

Lover_of_Lycra said:

I think you'd be better off buying one of the much better constructed homes in your native Italy to let out whilst you continue renting near (and yes 50 miles outside is still near) London. 

These were built with sand from the sea and plain iron, not sure if you get the magnitude, that was due to deep illegal activities behind, we don't build like that... The other buildings and house didn't get any damage.

My house from 1956 had no impact from it, neither the print had cracks, like new... And it's built just with good foundations and real bricks, not the new cheap ones. (to be honest we made also reinforcement later to feel safe re-doing the main wall)

Anyway, that earthquake was 6.5 under only 19km, it was hell...

Same in 2016, just lighter, the houses that fell down were just the new ones rebuilt from cool companies, again, not respecting any regulation, I hope you get the difference.

Do you recall something like this in UK?

But for how much the houses are light here, (from another point of view cheap quality), I have the sensation that they may survive to such earthquake, not sure if they will be livable inside later...

I was studying abroad in Pescara at that time and I’ll never forget how strong that earthquake felt there and the absolute carnage afterwards, I can’t imagine how bad it actually was in L’Aquila or how awful things were there.

As others have pointed out, your main issue is location. 350k goes a hell of a lot further in other parts of the UK than it does anywhere near London. I don’t like the quality of new builds personally either and doubt many would withstand an earthquake like that, but there are plenty of older solid houses around with nice thick walls
in places you don’t need a high salary to buy - mine is a 150 year old 123 m2 4 bed detached with stone walls about as thick as the length of my forearm and cost around 50% of what you’re paying for yours. You can get a 6 bed detached not too far from town or a 4 bed detached a short walk from the beach in my area for your budget. 

I wish the others here knew what an earthquake like that was.

Where the hell is that? You mean around south London?

The problem with old houses is that I can't use help to buy and I have to put down too much money, plus you need many repairs and maintenance.

I want to live north so I have easier access to "mountains" and more green, the British sea and beaches are the worst ever seen, look Pescara where you were and I know it very well, that is paradise compared to the British sea, so sorry for the others.

In the end, this explains why British go always in other countries to have holidays, especially if the destination is the sea, I have never seen a country travelling so much outside to have fun.

Anyway, that's not the point of this thread.

Perhaps you need to adjust your expectations and understand what compromise means? I would love to have a London salary, North of England property prices, Mediterranean beaches and climate but of course that does not exist. You have decided (so far) that London salary is the most important thing to you and now you are acting like a spoilt toddler because you can’t have everything else. 

Good point, but I've chosen UK for easy immigration and cost of moving, I won't be kicked out from Brexit, and that I love too.

Otherwise I could have gone in Australia.

Btw, do you know that more than  80% are not Britons in London? Just saying, ask yourself why.

I think you've just made that last bit up!

80% I mean that they have no British parents, 57% are only Indians, the rest from EU mainly and some other country, 13% with British roots.

Nope, that all sounds nonsense too. 57% of Londoners are of Indian origin?

You can bring other data on the table, but that's what I know.

You've been to London though, haven't you? Do you think most people there are Indian? Other people have cited more plausible statistics.

eidand

so what's the purpose of this thread? it started as something to do with equity and ended up debating how many people are Brits? or was it simply to annoy people?

Angie_B

Rocksolid said:

80% I mean that they have no British parents, 57% are only Indians, the rest from EU mainly and some other country, 13% with British roots.

Actually, according to the 2011 Census, the number of people of Indian ethnicity in London 6.6%.  And the percentage of 'British' ethnicity is 44.9%.  London is one of the most diverse cities in the world and all the better for it, but making up random statistics to try to prove a bizarre and easily disproved point does not add any credibility to your argument.

AdrianC

Rocksolid said:

80% I mean that they have no British parents, 57% are only Indians, the rest from EU mainly and some other country, 13% with British roots.

Now, despite you may get the wrong point, I only consider numbers here, and the first generation of immigrants born here I don't think can be considered British with roots, just British on the passport, in the end, the won't get attached to the country because of family influence coming back to their original country etc...

So only "white British" are British...? Interesting...  
Those describing themselves as "White British" did fall in London between the 2001 and 2011 censuses - from 59.8% to 44.9%.

Rocksolid said:

I don't remember the source now, sorry

Mmm.

TBH, it sounds like somewhere between "UKIP-rabble-rousing" and "Made-up-on-the-spot". But I repeat myself.

Frankly, I'll go with the census and the Oxford Migration Observatory.

Rocksolid

AdrianC said:

Rocksolid said:

80% I mean that they have no British parents, 57% are only Indians, the rest from EU mainly and some other country, 13% with British roots.

Now, despite you may get the wrong point, I only consider numbers here, and the first generation of immigrants born here I don't think can be considered British with roots, just British on the passport, in the end, the won't get attached to the country because of family influence coming back to their original country etc...

So only "white British" are British...? Interesting...  
Those describing themselves as "White British" did fall in London between the 2001 and 2011 censuses - from 59.8% to 44.9%.

Rocksolid said:

I don't remember the source now, sorry

Mmm.

TBH, it sounds like somewhere between "UKIP-rabble-rousing" and "Made-up-on-the-spot". But I repeat myself.

Frankly, I'll go with the census and the Oxford Migration Observatory.

You mentioned white British, not me... I'm not that kind of idiot.

I will find the source, if not, I'll break my head onto the wall, or I will break the wall, more luckily to happen here , seriously talking, I'll try find this source.

Or probably it was counting Britons actively living in London, that's also highly possible, because many of them live actually a good part of the time in a better place or some warm and welcome island.

Rocksolid

Murphybear said:

Rocksolid said:

grumiofoundation said:

When you sell the house you get back all the money left over (if any) after paying back remaining mortgage, HTB loan and seeking costs. May be more or less than you paid in deposit. 

You cannot rent our entire property until you have paid off HTB loan. 

P. S. you genuinely believe there is no home for you in the UK that you could live in for your life that costs less than ‘millions’ do you? 

Around London, and I mean already 50 miles away, the minimum price for an house is 350k for a 3 bedrooms, where actually the size is for a 2 bedroom without garage, dedicated parking and a decent size garden with possibility to build an estention.

Are you in the house market? It seems not, let's stop to judge this UK ridiculus house market, it's the lowest quality in the whole occident.

I needed to use the help to buy even if I have a high salary, the simple reason is that with Halifax only giving mortgages for 15% deposit (covid !!!!!!), it's too hard to put down all these money (52500......................................)

Who the hell has all these money plus 40k for the rest of the fees and initial costs of ownership of an house?

I should work other 3 years to get all these money probably, if I'm lucky to keep the job, and I won't...

As a paradox, I should get 87500 minimum to have this level of debt for a 350k house... Who the hell takes this salary in UK?

Do I want to buy a 250 old house 50 miles away from London? Ok I need to have 62500 salary.

All these houses are not for millioners as you see, and still I can barely afford them.

IT'S A MATTER OF MORTGAGE AFFORDABILITY, without these salaries, forget in anyhow to buy such houses.

I can't relocate somewhere else or the company won't like it, they will probably fire me, should I go up to Scotland to buy around Edinburgh and work for a company in London? I will struggle to find a job in this way in future.

If I can't sell before I paid off the H2B, I'm in deep !!!!!!.

theoretica said:

LIke all investments, if (in hindsight) you made a good investment choice you sell at a profit and get your money back and more.  If it was a bad investment choice or you need to sell at the wrong time then you make a loss.

Thanks, that's the point, but I'm not sure if I can sell before I paid off the H2B loan...

I’ve just done a quick search on Rightmove

Central London + 30 miles
Maximum £350k
Detached, Semi, Terraced house or Bungalow, 


Result, over 3,500 properties 

Murphybear said:

Rocksolid said:

grumiofoundation said:

When you sell the house you get back all the money left over (if any) after paying back remaining mortgage, HTB loan and seeking costs. May be more or less than you paid in deposit. 

You cannot rent our entire property until you have paid off HTB loan. 

P. S. you genuinely believe there is no home for you in the UK that you could live in for your life that costs less than ‘millions’ do you? 

Around London, and I mean already 50 miles away, the minimum price for an house is 350k for a 3 bedrooms, where actually the size is for a 2 bedroom without garage, dedicated parking and a decent size garden with possibility to build an estention.

Are you in the house market? It seems not, let's stop to judge this UK ridiculus house market, it's the lowest quality in the whole occident.

I needed to use the help to buy even if I have a high salary, the simple reason is that with Halifax only giving mortgages for 15% deposit (covid !!!!!!), it's too hard to put down all these money (52500......................................)

Who the hell has all these money plus 40k for the rest of the fees and initial costs of ownership of an house?

I should work other 3 years to get all these money probably, if I'm lucky to keep the job, and I won't...

As a paradox, I should get 87500 minimum to have this level of debt for a 350k house... Who the hell takes this salary in UK?

Do I want to buy a 250 old house 50 miles away from London? Ok I need to have 62500 salary.

All these houses are not for millioners as you see, and still I can barely afford them.

IT'S A MATTER OF MORTGAGE AFFORDABILITY, without these salaries, forget in anyhow to buy such houses.

I can't relocate somewhere else or the company won't like it, they will probably fire me, should I go up to Scotland to buy around Edinburgh and work for a company in London? I will struggle to find a job in this way in future.

If I can't sell before I paid off the H2B, I'm in deep !!!!!!.

theoretica said:

LIke all investments, if (in hindsight) you made a good investment choice you sell at a profit and get your money back and more.  If it was a bad investment choice or you need to sell at the wrong time then you make a loss.

Thanks, that's the point, but I'm not sure if I can sell before I paid off the H2B loan...

I’ve just done a quick search on Rightmove

Central London + 30 miles
Maximum £350k
Detached, Semi, Terraced house or Bungalow, 


Result, over 3,500 properties 

Show me your query, I'm quite sure is east London, basically the hell on earth.

If not, it's some super old house built in the worst way, I also made that search before you many times.

Detached? Hell yeah, most probably a barrack for animals, they also deserve something 350k with all they bear from us.

30 miles radius is something like up to Northampthon, in a while you can also reach Netherlands in the south, not really London ah...

I bought 50 miles away from the center considering the road, no the radius.

Emmia

Hannimal said:

Emmia said:
 why are you here, why don't you go back to the country you are from?

This is so unnecessary. There is a lot going on in OPs post that is just ridiculous but @Emmia you do not need to go down this route. There are other migrants here, like me, who get asked this question very often. People who think of us like you would do better keeping it to yourselves. Majority of Britons are lovely and welcoming people but unfortunately they aren't the loudest.

I wasn't being intentionally racist (but you seem to have read it that way, so I apologise to you for that, and for the actions of people who have been racist to you) and that type of rhetoric in the media / society horrifies me - and I'm sad that Brexit seems to be highlighting this type of thing.

Just for info, I'm married to a migrant, and I've been subject to racist abuse when a group of people made an assumption about me - but that isn't an excuse and my post could have been better worded.

This is a person insulting the country they happen to live and work in, my point was that if they don't like the UK then there are plenty of other places they can go and live... That could be the country they were born in, it could be somewhere else...  But nowhere is perfect, we just have to make the best of it.

To be clear, I'm personally happy to have anyone living here who wants to contribute in some way - I'm not bothered by gender, ethnicity, sexual orientation, age, marital status etc. - but I really dislike negativity, and putting people or things down. 

So I apologise for the way my post was worded.

hazyjo

Rocksolid said:

Murphybear said:

Rocksolid said:

grumiofoundation said:

When you sell the house you get back all the money left over (if any) after paying back remaining mortgage, HTB loan and seeking costs. May be more or less than you paid in deposit. 

You cannot rent our entire property until you have paid off HTB loan. 

P. S. you genuinely believe there is no home for you in the UK that you could live in for your life that costs less than ‘millions’ do you? 

Around London, and I mean already 50 miles away, the minimum price for an house is 350k for a 3 bedrooms, where actually the size is for a 2 bedroom without garage, dedicated parking and a decent size garden with possibility to build an estention.

Are you in the house market? It seems not, let's stop to judge this UK ridiculus house market, it's the lowest quality in the whole occident.

I needed to use the help to buy even if I have a high salary, the simple reason is that with Halifax only giving mortgages for 15% deposit (covid !!!!!!), it's too hard to put down all these money (52500......................................)

Who the hell has all these money plus 40k for the rest of the fees and initial costs of ownership of an house?

I should work other 3 years to get all these money probably, if I'm lucky to keep the job, and I won't...

As a paradox, I should get 87500 minimum to have this level of debt for a 350k house... Who the hell takes this salary in UK?

Do I want to buy a 250 old house 50 miles away from London? Ok I need to have 62500 salary.

All these houses are not for millioners as you see, and still I can barely afford them.

IT'S A MATTER OF MORTGAGE AFFORDABILITY, without these salaries, forget in anyhow to buy such houses.

I can't relocate somewhere else or the company won't like it, they will probably fire me, should I go up to Scotland to buy around Edinburgh and work for a company in London? I will struggle to find a job in this way in future.

If I can't sell before I paid off the H2B, I'm in deep !!!!!!.

theoretica said:

LIke all investments, if (in hindsight) you made a good investment choice you sell at a profit and get your money back and more.  If it was a bad investment choice or you need to sell at the wrong time then you make a loss.

Thanks, that's the point, but I'm not sure if I can sell before I paid off the H2B loan...

I’ve just done a quick search on Rightmove

Central London + 30 miles
Maximum £350k
Detached, Semi, Terraced house or Bungalow, 


Result, over 3,500 properties 

Murphybear said:

Rocksolid said:

grumiofoundation said:

When you sell the house you get back all the money left over (if any) after paying back remaining mortgage, HTB loan and seeking costs. May be more or less than you paid in deposit. 

You cannot rent our entire property until you have paid off HTB loan. 

P. S. you genuinely believe there is no home for you in the UK that you could live in for your life that costs less than ‘millions’ do you? 

Around London, and I mean already 50 miles away, the minimum price for an house is 350k for a 3 bedrooms, where actually the size is for a 2 bedroom without garage, dedicated parking and a decent size garden with possibility to build an estention.

Are you in the house market? It seems not, let's stop to judge this UK ridiculus house market, it's the lowest quality in the whole occident.

I needed to use the help to buy even if I have a high salary, the simple reason is that with Halifax only giving mortgages for 15% deposit (covid !!!!!!), it's too hard to put down all these money (52500......................................)

Who the hell has all these money plus 40k for the rest of the fees and initial costs of ownership of an house?

I should work other 3 years to get all these money probably, if I'm lucky to keep the job, and I won't...

As a paradox, I should get 87500 minimum to have this level of debt for a 350k house... Who the hell takes this salary in UK?

Do I want to buy a 250 old house 50 miles away from London? Ok I need to have 62500 salary.

All these houses are not for millioners as you see, and still I can barely afford them.

IT'S A MATTER OF MORTGAGE AFFORDABILITY, without these salaries, forget in anyhow to buy such houses.

I can't relocate somewhere else or the company won't like it, they will probably fire me, should I go up to Scotland to buy around Edinburgh and work for a company in London? I will struggle to find a job in this way in future.

If I can't sell before I paid off the H2B, I'm in deep !!!!!!.

theoretica said:

LIke all investments, if (in hindsight) you made a good investment choice you sell at a profit and get your money back and more.  If it was a bad investment choice or you need to sell at the wrong time then you make a loss.

Thanks, that's the point, but I'm not sure if I can sell before I paid off the H2B loan...

I’ve just done a quick search on Rightmove

Central London + 30 miles
Maximum £350k
Detached, Semi, Terraced house or Bungalow, 


Result, over 3,500 properties 

Show me your query, I'm quite sure is east London, basically the hell on earth.

Strange words from someone who's been talking about discrimination etc lol.

Just rude.

No wonder people are getting defensive.

lincroft1710

Rocksolid said:

AdrianC said:

Rocksolid said:

80% I mean that they have no British parents, 57% are only Indians, the rest from EU mainly and some other country, 13% with British roots.

Now, despite you may get the wrong point, I only consider numbers here, and the first generation of immigrants born here I don't think can be considered British with roots, just British on the passport, in the end, the won't get attached to the country because of family influence coming back to their original country etc...

So only "white British" are British...? Interesting...  
Those describing themselves as "White British" did fall in London between the 2001 and 2011 censuses - from 59.8% to 44.9%.

Rocksolid said:

I don't remember the source now, sorry

Mmm.

TBH, it sounds like somewhere between "UKIP-rabble-rousing" and "Made-up-on-the-spot". But I repeat myself.

Frankly, I'll go with the census and the Oxford Migration Observatory.

You mentioned white British, not me... I'm not that kind of idiot.

What kind of idiot are you then?

grumiofoundation

Rocksolid said:

Murphybear said:

Rocksolid said:

grumiofoundation said:

When you sell the house you get back all the money left over (if any) after paying back remaining mortgage, HTB loan and seeking costs. May be more or less than you paid in deposit. 

You cannot rent our entire property until you have paid off HTB loan. 

P. S. you genuinely believe there is no home for you in the UK that you could live in for your life that costs less than ‘millions’ do you? 

Around London, and I mean already 50 miles away, the minimum price for an house is 350k for a 3 bedrooms, where actually the size is for a 2 bedroom without garage, dedicated parking and a decent size garden with possibility to build an estention.

Are you in the house market? It seems not, let's stop to judge this UK ridiculus house market, it's the lowest quality in the whole occident.

I needed to use the help to buy even if I have a high salary, the simple reason is that with Halifax only giving mortgages for 15% deposit (covid !!!!!!), it's too hard to put down all these money (52500......................................)

Who the hell has all these money plus 40k for the rest of the fees and initial costs of ownership of an house?

I should work other 3 years to get all these money probably, if I'm lucky to keep the job, and I won't...

As a paradox, I should get 87500 minimum to have this level of debt for a 350k house... Who the hell takes this salary in UK?

Do I want to buy a 250 old house 50 miles away from London? Ok I need to have 62500 salary.

All these houses are not for millioners as you see, and still I can barely afford them.

IT'S A MATTER OF MORTGAGE AFFORDABILITY, without these salaries, forget in anyhow to buy such houses.

I can't relocate somewhere else or the company won't like it, they will probably fire me, should I go up to Scotland to buy around Edinburgh and work for a company in London? I will struggle to find a job in this way in future.

If I can't sell before I paid off the H2B, I'm in deep !!!!!!.

theoretica said:

LIke all investments, if (in hindsight) you made a good investment choice you sell at a profit and get your money back and more.  If it was a bad investment choice or you need to sell at the wrong time then you make a loss.

Thanks, that's the point, but I'm not sure if I can sell before I paid off the H2B loan...

I’ve just done a quick search on Rightmove

Central London + 30 miles
Maximum £350k
Detached, Semi, Terraced house or Bungalow, 


Result, over 3,500 properties 

Murphybear said:

Rocksolid said:

grumiofoundation said:

When you sell the house you get back all the money left over (if any) after paying back remaining mortgage, HTB loan and seeking costs. May be more or less than you paid in deposit. 

You cannot rent our entire property until you have paid off HTB loan. 

P. S. you genuinely believe there is no home for you in the UK that you could live in for your life that costs less than ‘millions’ do you? 

Around London, and I mean already 50 miles away, the minimum price for an house is 350k for a 3 bedrooms, where actually the size is for a 2 bedroom without garage, dedicated parking and a decent size garden with possibility to build an estention.

Are you in the house market? It seems not, let's stop to judge this UK ridiculus house market, it's the lowest quality in the whole occident.

I needed to use the help to buy even if I have a high salary, the simple reason is that with Halifax only giving mortgages for 15% deposit (covid !!!!!!), it's too hard to put down all these money (52500......................................)

Who the hell has all these money plus 40k for the rest of the fees and initial costs of ownership of an house?

I should work other 3 years to get all these money probably, if I'm lucky to keep the job, and I won't...

As a paradox, I should get 87500 minimum to have this level of debt for a 350k house... Who the hell takes this salary in UK?

Do I want to buy a 250 old house 50 miles away from London? Ok I need to have 62500 salary.

All these houses are not for millioners as you see, and still I can barely afford them.

IT'S A MATTER OF MORTGAGE AFFORDABILITY, without these salaries, forget in anyhow to buy such houses.

I can't relocate somewhere else or the company won't like it, they will probably fire me, should I go up to Scotland to buy around Edinburgh and work for a company in London? I will struggle to find a job in this way in future.

If I can't sell before I paid off the H2B, I'm in deep !!!!!!.

theoretica said:

LIke all investments, if (in hindsight) you made a good investment choice you sell at a profit and get your money back and more.  If it was a bad investment choice or you need to sell at the wrong time then you make a loss.

Thanks, that's the point, but I'm not sure if I can sell before I paid off the H2B loan...

I’ve just done a quick search on Rightmove

Central London + 30 miles
Maximum £350k
Detached, Semi, Terraced house or Bungalow, 


Result, over 3,500 properties 

Show me your query, I'm quite sure is east London, basically the hell on earth.

If not, it's some super old house built in the worst way, I also made that search before you many times.

Detached? Hell yeah, most probably a barrack for animals, they also deserve something 350k with all they bear from us.

30 miles radius is something like up to Northampthon, in a while you can also reach Netherlands in the south, not really London ah...

I bought 50 miles away from the center considering the road, no the radius.

Can you please post a link of a house that is 'good enough' for you?