How to get the equity back on an house lost

AdrianC

Rocksolid said:

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

Let me remind you...

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...

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.

So what sort of number of people would you say that applies to...?

Rocksolid

hazyjo said:

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.

It's not because I saw the movie mate, and neither to the fact that I wish so see flavours in the street, a bit of safety and less drugs would be a nice place where to live, not east London for sure right now.

What's wrong in what I said? I would like to live there, plus there is nothing of my interest in that zone, actually totally the opposite and/or up north.

Rocksolid

AdrianC said:

Rocksolid said:

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

Let me remind you...

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...

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.

So what sort of number of people would you say that applies to...?

AdrianC said:

Rocksolid said:

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

Let me remind you...

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...

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.

So what sort of number of people would you say that applies to...?

Did I mention the color of the skin? No! Then if British are mainly white or historically white, it's something I wasn't considering, I just mentioned British roots, that's it. You mentioned it like if it's a problem.

Rocksolid

grumiofoundation said:

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?

FROM A QUICK LOOK, considering working in London and the location preference and the decent interns, I would say this one, but bear in mind the the price could be dictated from the nearby railway which is noisy for sure, so it could be actually higher the value in that zone: https://www.zoopla.co.uk/for-sale/details/55659003?search_identifier=f9ca23338d1c84496e1d68f01b42ec5b

Now, to be honest, it's not a nice zone, but I wouldn't mind to buy there compared to many other bad zones.

500k mortgage is impossible for me, so it's just time wasted, I should have a salary around 120k to be eligible,...

Or for you are valid other rules?

Rocksolid

grumiofoundation said:

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?

Or the following ones:

https://www.zoopla.co.uk/for-sale/details/56209399?search_identifier=2f4585b8bfa44e692d23f22de9b28b4a

https://www.zoopla.co.uk/for-sale/details/55680790?search_identifier=a4c833930662527de7fcea2650225eec

The second one is very expensive as you see, in a previous thread in Harrow I linked something around 900k, but today I didn't find any.

Obviously both seem to be designed from IKEA, so not so excited about it apart for the second one due to the gracious amount of space and swimming pool.

ratechaser

Have either got dogs buried in the garden?

Slithery

I don't understand why you'd want to buy a property in or near London anyway, it's a horrible place to live.
You could buy a plot of land and build your own house for half the price in better parts of the country...

Rocksolid

Slithery said:

I don't understand why you'd want to buy a property in or near London anyway, it's a horrible place to live.
You could buy a plot of land and build your own house for half the price in better parts of the country...

Sure, but if I work in London, how can I make it?

I'm not going to travel 4 hours a day, considering that I should swap between car and the train and tube, it's out of discussion unless I plan to move in that city and work from there in remote, but let's be serious, not so many companies allow you to work almost every day from home...

Rocksolid

ratechaser said:

Have either got dogs buried in the garden?

What that mean?

ratechaser

Rocksolid said:

ratechaser said:

Have either got dogs buried in the garden?

What that mean?

I'm just trying to think what else this thread has missing...