We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
real mortgage rates are not going down...
Comments
-
If you're having to buy lots of places over the course of your life then firstly you get crippled with the costs of buying and selling and secondly you are taking a lot more risk on - the time when you need to sell may be great or lousy but the timing is likely to be forced on you. If you're a 32 year old woman wanting kids, it's no use waiting 5 years for a better time to buy a family home.
Speaking as a 30 year old professional couple with a nearly 3 year old son, I don't agree. We are living in a 3 bed, 2 bath flat in central London, and renting. We have no problem waiting to buy a family place!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
izzybusy23 wrote: »I was 33 years old when I had my daughter and in private rented accommodation.. whats wrong with that? People don't 'have' to wait for house prices to come down before having a family, some people are just being wayyy too picky.
I agree - I was 28 when I had my son, and my OH was 27. We live in a rented flat, and have lived in the same place for 10 years....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
We bought a house in New Zealand in 1985. It cost us $65,000. It had four bedrooms and a swimming pool. Wonderful, as we thought at the time. However, under local rules at the time, we had to put down a 25% deposit - could not get a higher LTV. Oh, and the interest rate was (IIRC) 22% ....Mortgage started on 22.5.09 : £129,600Overpayments to date: £3000June grocery challenge: 400/6000
-
I might have missed something but how do they pay off the capital ?
My answer was in response to the person stating to just pay interest only. A split is always better than a pure interest only set up. However it is up to the homeowner to ensure they have something in place to pay off the mortgage or be prepared to sell the property once they are retiring.......
A split is good to help people get onto the property ladder but then they have to review it often to ensure they will pay it off eventually and have no nasty surprises when age 65.0 -
If you are interest only and overpaying the capital, you are NOT interest only. That is how repayment mortgages work.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards