Owning your own home

I'm on 25. I'm fecking terrified of this mortgage and making payments forever.
It's just mental and yes I pay rent blah blah but still, I am having real commitment issues here.
I've lost most of my savings by sinking it into the deposit so my safety net which I have relied on forever is like a tea strainer. Fear, massive fear.

nice mistake there!

this!!! oh s0 this!

Im also 25 ;-)

The fear soon dissipates.

Then you have kids and it returns with a vengeance.

What he said.

telegraph.co.uk/finance/perso­nalfinance/borrowing/mortgages/11545150/­Five-year-fixed-rates-drop-below-2pc-for­-the-first-time.html

Found it.

I'm scared of having kids

That's almost certainly not the actual overall cost though.

First Direct 3 year rate for <65% is 1.68% but that's just the daily rate they use to calculate interest. The APR is 3.3% over the term.

HSBCs best 5yr fixed is 1.99% but 2.9% APR. It also includes a cap of 20% on monthly repayments. First Direct is unlimited.

We did kids first. Fuck...

but then you should always switch after the fixed term.

We've got a 2 year fixed rate. Should we see this out, or should we jump around now?

Boom! completion

Here's to 30 years of debt

Depends what you can get vs the early repayment fees.

You might get a fine for jumping before the end of the fixed term.

We got a three year fixed and are getting charged £6000 for breaking early.

This drops to £2000 if we can drag our feet on completing til August.

HSBC suck balls. They're slow, disorganised, hopeless, tax avoidance assisting fucknuts. Use someone else, anyone else.

Like Amazon and sports direct; they're cheap tho

All banks suck balls. They're slow, disorganised, hopeless, tax avoidance assisting fucknuts.

only HSBC just got caught doing it...

Now time for kids!

congrats dude! Well Jel

yeah congrats!!! house, dog, kids innit?
#icantaffordwedding

It's the 21st century, you don't have to be married to have kids.

Call +61 418 283 384
Ask for Meagan. That's my mum. Tell her that!
That, and you don't have to have kids...

Then you have kids and it returns with a vengeance.

Ah. Nursery fees, but you do get used to them, only for those to go when they go to school but the fear is replaced by:
a) nursery was 8-6, school is only 9-3, that's going to be costly and then,
b) nursery was 51 weeks a year, school is only 39. I don't get 13 weeks holiday a year...

Then they start needing stuff like bikes. And they grow out of stuff way too quick; shoes, clothes, bikes, beds, bedrooms, gardens, houses, ...

mums and dads >>>>

other news, in a pre-packing state here, i have just discovered an old absolut vodka bottle i own is on the bay for >£50!
I can afford food after all...