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Debate House Prices


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It could only happen to me!

2456

Comments

  • bikerqueen
    bikerqueen Posts: 427 Forumite
    sounds about right, 2 bed terraced, so a starter home (like mine :D ) so relatively affordable. We paid 101,000 for ours in Norwich 4 years ago and I couldn't have afforded much more, when we come to sell if we get the same amount I'll be pleased. People expecting 150k for a north city terrace astound me, who will be available to afford them who would want to live in one?
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Just peeked. It's an NR fixed term mortgage coming to an end that will have to go onto SVR.
    http://forums.moneysavingexpert.com/showthread.html?p=10813463#post10813463

    Hence the concern by the OP as they've now found out they will need a deposit I guess.
  • nelly_2
    nelly_2 Posts: 17,863 Forumite
    10,000 Posts Combo Breaker
    PasturesNew wrote: »
    Just peeked. It's an NR fixed term mortgage coming to an end that will have to go onto SVR.
    http://forums.moneysavingexpert.com/showthread.html?p=10813463#post10813463

    Hence the concern by the OP as they've now found out they will need a deposit I guess.

    61 grand joint should cover a 140 mortgage I'd have thought!
  • mircea
    mircea Posts: 139 Forumite
    PasturesNew wrote: »
    Just peeked. It's an NR fixed term mortgage coming to an end that will have to go onto SVR.
    http://forums.moneysavingexpert.com/showthread.html?p=10813463#post10813463

    Hence the concern by the OP as they've now found out they will need a deposit I guess.

    Guess again!
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    mircea wrote: »
    Guess again!

    I give up. What's the answer?
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Oh, I know .. I know.

    It's not the mortgage that's a problem. You can get another one of those.
    It's that pesky secured loan against it going to 15% when you move the mortgage.

    Did I win that time?
  • mircea
    mircea Posts: 139 Forumite
    PasturesNew wrote: »
    Oh, I know .. I know.

    It's not the mortgage that's a problem. You can get another one of those.
    It's that pesky secured loan against it going to 15% when you move the mortgage.

    Did I win that time?

    Don't worry bud - what a sad ... lol
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    I think the OP is more concerned that they paid 134k for a property that after 4 years of rises is now worth about 134k. Meaning they paid too much for it at the time.

    If its any consolation Mircea most places arent going for asking price now so if your neighbours have theirs up for 140 you'll probably only get 120 for yours.

    Bud.
  • Ma77hew
    Ma77hew Posts: 118 Forumite
    PasturesNew wrote: »
    Oh, I know .. I know.

    It's not the mortgage that's a problem. You can get another one of those.
    It's that pesky secured loan against it going to 15% when you move the mortgage.

    Did I win that time?

    You need to get a hobby or something, whats the point of coming on here a taking the p*** out of someone who is obviously concerned about something.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Ma77hew wrote: »
    You need to get a hobby or something, whats the point of coming on here a taking the p*** out of someone who is obviously concerned about something.
    I didn't take the p155.

    They said "guess again".

    So I did. I was complying with instructions. Ignoring them would be rude.

    I genuinely have no idea what their angle was, as I thought it was something different to how I perceived it originally. So I went to try to understand, then thought I did. And I was wrong.

    I didn't think they were "concerned". I thought they were moaning in the first post, as (I thought) did G-G in post #2
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