Owning your own home

It's still frowned upon to call them "the bastards" though, apparently.

Oh well, lesson learned.

Congrats dude! And on a Friday, presumably near a recent payday. I'd be getting trashed tonight.

daddy thread >>>>>>>>>>>>>>>

payday was used up almost fully by my flat costs due to my poor planning, so no celebrating until next month!

There's always internships for the 13 weeks.

This is the one thread on here that makes me happy to be an old fart, some scary, scary numbers on here.

Haven't lived in London for 15 years but still got my flat, I remember feeling sick to the pit of my stomach signing contracts thinking £170000 was ludicrous for a 2 bedroom flat.

Only lived there for two years before my job took me elsewhere, I almost sold it at a loss that year. Best decision I ever made was keeping it :D

^ Similar but for buying at the "peak" in 2007. Since then prices in this area have gone up ~50%.

Does a homebuyers survey also function as a valuation for the mortgage company?

send us a link jones or postcode so we can suss it out! you're one of the lucky ones!

yes @well_is_it
the mortgage company will take the valuation from the survey to see if they want to hold back a rentention, or if they are happy lending on the full amount

@WjPrince
why don't you port the mortgage across onto the new place? most mortgage companies allow this with no fee. have you explored this?
out of interest why did you recently go for 3 year fix then decide to sell?

What happens if it's valued higher?

We could do that, but we wouldn't be able to borrow more.

Our circumstances meant that we can borrow quite a bit more now and still be at a good LTV.
So we just factored the break charge into our sale budget and absorbed it.

Taken my post code down after some friendly advice :) it's in Chiswick :) not sure why I don't want people knowing my full address but there might be a reason I don't know of :)

'kin baby boomers....

;-)

Chiswick, thank god you didn't sell it at a loss then...

It won't be. The question is whether it's worth what you're paying, not whether it's worth any more.

Just to be clear - a lender is unlikely to accept the valuation of an independent Homebuyers, they will want their approved surveyor to do it. So if you organise the survey through the mortgage you're OK, but if it's separate you'll need their val too.

Jonesey lives near my brother

#stalking

I'm at Joneseys house right now.....watching

and waiting

and feeling a bit teary

Who is teary?

Same tenants from day one as well :) I must be such a nice landlord :D I'll warn them to look out for stalkers :D

why won't they let you borrow more? you can take out a separate mortgage with your lender to increase your borrowing. have you enquired about this?