How to get the equity back on an house lost

grumiofoundation

Rocksolid said:

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?

Oh but I thought only million+ pound houses were good enough for you.

Or for you are valid other rules?  

You can't afford it because you don't earn enough to get the mortgage and haven't saved a big enough deposit - what rules do you think there are?

AdrianC

Rocksolid said:

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...

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.

...while specifically excluding first and second generation migrants as being "British", and stated that your 80% included those with no British parents. So, by that logic, somebody who is themselves third-generation, with both parents first- or second-generation, would fail your test.

Safe to say that rules out almost everybody but "white British", eh?
Actually, it excludes my OH - whose mother was a Swedish first-generation migrant - and by extension our children.

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...?

Waiting...

Jamaicanmelaff

Those houses were not at all what I was expecting to see as examples of the high-budget houses you really would like if you could afford it.

Rocksolid

Jamaicanmelaff said:

Those houses were not at all what I was expecting to see as examples of the high-budget houses you really would like if you could afford it.

For sure they are not what I want, they are the first on the low budget list, but still I can't neither qualify for the mortgage  

I would buy them only as investment (instead to pay rent), in UK you need to consider houses like that or I think you fall down in depression to live in a paper house considering it your home.

In fact here the people don't stay long in the same place, and they threat houses like garbage, that's why they are so poorely built. (despite this doesn't sound, I assure you it does)

This may sound like an offense, but hey, I'm not the only one saying that, and if you think that there is me on the market that needs to buy something, what do you think I'll get? A demolished paper house , in the best case I get a new paper house, I'm so exited to get the keys .

So I preferred to buy it new this time very far away from London, but not happy at all with the choice, it's not a nice place, it's a place where my house sits, and me be very far away every weekend, I just hope to sell it at maximum price on the market when I'll have enough here.

Rocksolid

Jamaicanmelaff said:

Those houses were not at all what I was expecting to see as examples of the high-budget houses you really would like if you could afford it.

Btw there is no such house that I want in UK, they are all low quality and IKEA style inside, in Italy we can't neither see IKEA as advertisement, and I guess same in France, Spain, Portugal, Austria, Germany, and I could continue.

This is not an old style way to think, it's the way things works if you want quality as it was before (not in UK though)

Ok thanks guys, I got the answer to the thread, have a nice day.

powerful_Rogue

Rocksolid said:

Jamaicanmelaff said:

Those houses were not at all what I was expecting to see as examples of the high-budget houses you really would like if you could afford it.

Btw there is no such house that I want in UK, they are all low quality and IKEA style inside, in Italy we can't neither see IKEA as advertisement, and I guess same in France, Spain, Portugal, Austria, Germany, and I could continue.

This is not an old style way to think, it's the way things works if you want quality as it was before (not in UK though)

Ok thanks guys, I got the answer to the thread, have a nice day.

You do speak a lot of nonsense. Actually some of it quite offensive.

You do realise IKEA is pretty bit in the countries you mentioned.

Barny1979

Rocksolid said:

Jamaicanmelaff said:

Those houses were not at all what I was expecting to see as examples of the high-budget houses you really would like if you could afford it.

Btw there is no such house that I want in UK, they are all low quality and IKEA style inside, in Italy we can't neither see IKEA as advertisement, and I guess same in France, Spain, Portugal, Austria, Germany, and I could continue.

This is not an old style way to think, it's the way things works if you want quality as it was before (not in UK though)

Ok thanks guys, I got the answer to the thread, have a nice day.

https://en.wikipedia.org/wiki/List_of_countries_with_IKEA_stores

34 in France, 20 in Spain, 5 in Portugal, 7 in Austria, 53 in Germany, Ikea's largest market. Oh and 21 in Italy, you joker!

Rocksolid

Barny1979 said:

Rocksolid said:

Jamaicanmelaff said:

Those houses were not at all what I was expecting to see as examples of the high-budget houses you really would like if you could afford it.

Btw there is no such house that I want in UK, they are all low quality and IKEA style inside, in Italy we can't neither see IKEA as advertisement, and I guess same in France, Spain, Portugal, Austria, Germany, and I could continue.

This is not an old style way to think, it's the way things works if you want quality as it was before (not in UK though)

Ok thanks guys, I got the answer to the thread, have a nice day.

https://en.wikipedia.org/wiki/List_of_countries_with_IKEA_stores

34 in France, 20 in Spain, 5 in Portugal, 7 in Austria, 53 in Germany, Ikea's largest market. Oh and 21 in Italy, you joker!

What that means? Usually we don't buy from IKEA, it's something we can't digest, but also in EU is the same...

I would buy just some souvenir form IKEA, nothing more.

-taff

Perhaps you'd be better off sticking to 'I', as in 'I won't buy from Ikea' because unfortunately, the people who shop at Ikea , yes in other countries too, don't share your view.

Barny1979

Rocksolid said:

What that means? Usually we don't buy from IKEA, it's something we can't digest, but also in EU is the same...

I would buy just some souvenir form IKEA, nothing more.

Ikea is the first place I visit when I'm after a souvenir, I particularly like their souvenir Hot Dogs and Tea Light candles.