Owning your own home

My younger brother has just moved back in with my parents, with his girlfriend, which rather fills my parents house up.

I think that next time I go I will stay (for the very first time) in a hotel/similar.

This I suspect will upset my mother, but the other option is staying in a room full of boxes of my brothers stuff, which isn't happening.

I've a similar issue with the out-laws at Christmas. They have a small 3 bedder and then about 8 family over so they sleep on a blow up bed. I said we'd stay in a b&b next time and mother in law took it very badly

Just had wood burner installed

Must now find cheap or free wood

```

Rumbled...

If the last two are involved, beds aren't required.

That's not my experience.
#traumatic

Question to the masses - do any of you have Mortgage protection insurance / Employment protection insurance. Especially those who are freelance. What are your thoughts/experiences of it?

I've always thought of it as an additional waste of money, but I do know someone who had their mortgage paid off in full when they were diagnosed with cancer. Now they have had the all clear, it seems like the insurance was a shrewd investment.

Yes I have it.....never had to use it thankfully, like many policies though its a personal choice relating to your attitude to risk

I have a wife who does not work, 2 kids (school fees) and a large mortgage....for me it was a no brainer to take it out coupled with the critical illness. Yes it costs, but i am fairly risk averse when it comes to my dependents (less myself)

Depends if you have any other safety net - savings, earning partner, relatives you could fall back on - and if you have dependents.
I chose not to because I have a reasonably secure employment (only part-time though) and a pension through work that would payout in case of death (so my partner wouldn't be lumbered with the debt) and we both have relatives that we could call on in hard times and the plan would be to sell the house ASAP if needed. Of course if we were in negative equity or the market bad, that would be a problem.

I literally just had a life insurance interview, nosey bastards aren't they?

Totally.

Bear in mind it's their sole aim to NOT pay out.

A while ago a fellow forum member has offered their dad's mortage advice service, can whoever that is give me a shout, please? Sorry, it'd be almost impossible to go back pages and look for that 1 reply... it's time I need to take my home buying search seriously.

@WjPrince

Yup...
He's helped out a few forum folk now.
PM me and I'll put you in touch.

The insurance that would pay your mortgage off if diagnosed with cancer is probably critical illness cover, and I would consider it an essential addition to normal decreasing term life insurance.
My mortgage got paid off when my wife died. If she had had critical illness cover then it would have been paid off 4 years earlier, and would have taken a huge amount of stress away from us both during that time. I would have been able to concentrate less on keeping the roof over our heads and more on enjoying our remaining time together.

that's good advice, bq.

i am meeting a financial adviser this afternoon, to run through options. i am confused about it all, as it seems they are all in it to rinse me.

keep us posted

i'd like to have critical illness cover but when i took out life insurance (lump sum 600k pay out) it pushed up the monthly repayments from £23 to £123 so i left it and hope that if i go, i go quickly.

Quite tempted by the castle life:
http://www.rightmove.co.uk/overseas-property/property-57882026.html?showcase=true

That's the kind of house they'd talk about the history of on ITV4 as the peloton whooshes past.

They're totally in it to rinse you.

It's insurance.

Yeah.

Looking options for a new mortgage v buy to let v pension.

My plan was to have a vast 60s sports car collection to sell off when I retire. Not this shit.

I already fel sick when I think about the amount of money I have pissed up the wall, instead of being sensible.

Could be worse, obvs.

That's the kind of house they'd talk about the history of on ITV4 as the peloton whooshes past.

"Now owned by dst from the worlds friendliest fixie skidder forum. You often see him standing at the window in his underpants. Look, there he is, he's really let himself go"

If I worked how much money I'd spent in the name of "enjoyment" I'd blow chunks.

But fuck it - fun's fun.

Nah i'll go for a 2 bed in Hackney instead maaayyyteeee....