Owning your own home

Not quite baby boomer, old enough though at 44 :)

Anyone fancy selling up in London and buying my gaff? Just over a two hour commute on the west coast mainline :) http://www.rightmove.co.uk/property-for-sale/property-51967271.html

I'll buy your car...

A hundy and five large. You can't get a good kitchen for that down saaf.

That's so much nicer than my flat, and so much cheaper. London is silly. Nice car.

1. Fridge freezer in cupboard.
   Next
   
2. Sink in main bedroom. None in bathroom....
   
   
   

Just saying.

I'm not overly chuffed with tesco finance.

Called them up on their 0845 number to be told its a 3 week wait for a mortgage appointment on the phone with them (which would take 2 hours to do). So I was advised to apply on an execution only basis online.

I prepare all my paperwork at home, fill out all the salary and outgoing details and all the other rubbish as requested and then I am invited to save the application before continuing. Although, This isn't actually an invitation and it seems I have no choice but To save it before I continue.

However I cannot because I'm filling it out on an iPad and apparently iPads are not acceptable to tesco, but they don't tell you this before you waste your time filling out their fucking form.

Nevertheless, I find a normal computer to fill out the details again, to get an agreement in principle, so I can continue to a full application.

Having done so the application is apparently now referred for further consideration.

If they didn't like my risk ( borrowing 120k against 400k, repayment until I'm 50, and significantly less than x2 our gross income with a spotless credit history) then quite frankly I'm snookered as to who they'll lend the money to.

Im actually tempted to tell them to shove their mortgage and their clubcard points up their backside if they do call me back in 3 weeks or whenever it is.

so we passed on the one where our offer was accepted .. too many trade offs; hunt is still on ..

and we will be going for 35 years; no one in this city will end up paying the whole mortgage term due to growth and high demand plus remortgage obvs

Sink in main bedroom. None in bathroom....

I quite liked that place; will put an offer down soon

Guys, you just need to both move in here. Maybe I can start walking around communal areas in my pants, leaving rubbish bags by door - lower property prices ~10% for you...

Lol

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

Yes you do.

todays the day the average uk renter has earned enough money to pay their rent for the year
for mortgage payers the date was 18th april

Remortgaging our current gaff

Have a two year and four year rate on the table. Obviously the four year is pricier to the tune of about £75 a month.

Four year appeals to me - election and subsiquent omni-shambles having unknown affect on economy / financials / mortgages etc. We can happily afford the £75 m/o.

What do you lot think?

four year fixed? take it!

Also, rather practical.

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I wouldn't - I'm taking a 2 year fix to run from June this year and don't expect rates to have shifted significantly between now and the end of that deal.

Depends on how much you owe and what your appetite for risk is.

I'm just in the process of going for a 2 year fix myself.

Got a five year at 3.39% offered for the new house so went for it.

Also got the STC paperwork today, the nervous wait starts...

Went for the four year. We don't owe that much* - so in the scheme of things its ridiculously cheap, i.e. < 3%. I can happily forget that the two year was cheaper - we've been very lucky with what we've paid over the last eight years or so, and I can't see that going on for ever, so I think locking in to something relatively amazing is a fair plan and risk reduction tactic.

* still a shit load, but it doesn't make me wince anymore.

Plasterer coming tomorrow.

@Dammit if he is any good and fancies a relatively small job (skimming the hallway) let me know!

Will do, his first job is our hallway- all 11m of it.

Trying to decide between a 2 year 0.99% with a 1499 booking fee, or a BOE base +1.49% lifetime tracker, with a 299 fee.

still not sure which way to jump...

On only a two year I'd have thought that booking fee would push the 0.99% rate up a fair bit in reality.