Mortgage

[Steve]

kill a relative and inheiret

Think I'd rather wait for the right time

Next door just sold for £100k. Its been on the market for £120k for 8 months. The owner died a year ago, his daughter has been sorting his house.

 

[Trazor]

Next door just sold for £100k. Its been on the market for £120k for 8 months. The owner died a year ago, his daughter has been sorting his house.

Marry his daughter, sorted....................

 

[Thermo]

go to a decent and really independent ifa. Not one tied into an estate agent etc. He will tell you whats avaliabl, whats realistic and help you plan through it. A mortgage isnt a millstone around your neck, its just a way of financing how youre using your property and your future financial plans.

 

[Steve]

go to a decent and really independent ifa. Not one tied into an estate agent etc. He will tell you whats avaliabl, whats realistic and help you plan through it. A mortgage isnt a millstone around your neck, its just a way of financing how youre using your property and your future financial plans.

I've seen an independant mortgage broker today. He's gone off to do some searching with my details. He'll be back friday morning with some deals.

 

[tim west]

think hard before you commit yourself to 25+ years of debt

 

[Steve]

think hard before you commit yourself to 25+ years of debt

Why? I have. But everyone does it (well a lot of people).

 

[tim west]

just saying its a commitment not taken lightly.

bit like getting married, second thoughts marriage is far worse

at least with a mortgage its only 25 years of hell

 

[Thermo]

think hard before you commit yourself to 25+ years of debt

its only 25 years of debt if you stay put and think like that. Goes back to what i was saying. if you use it as a facility to buy a property, do it up, sell it on, make a profit, reduce the debt, buy another etc, it aint 25 years!

 

[Steve]

I'll probably be looking at about 30 years mortgage, tbh. They go up to 40 years now.

 

[oompah]

I'll probably be looking at about 30 years mortgage, tbh.

But it doesn't have to last 30 yrs, if and when the economy gets back on an even keel and you have spare cash, over pay on your monthly payments,we reduced our 25yr term taken out in 1990 to be fully paid off last year.

 

[nickso]

I'll probably be looking at about 30 years mortgage, tbh.

But it doesn't have to last 30 yrs, if and when the economy gets back on an even keel and you have spare cash, over pay on your monthly payments,we reduced our 25yr term taken out in 1990 to be fully paid off last year.

thats the way to do it.

we have reduced ours to 13 years and have only had a mortgage for 6. im hoping to be free of this mortgage in 6-7 years.....trouble is im likely to need another one when i move next.

 

[conny]

Well with any luck the interest rate will stay low for a while longer and in the meantime I am keeping up the original payments and dragging the capital down! Ain't got much in the way of savings so low interest rates don't come into my equation.