Owning your own home

Hah, yeah, I did that, then interest rates went up again - and does anyone think they are coming down this year, now?

Dredging, but if anyone was waiting to remortgage I think now is the time to go. You've seen 20-30 bps cut off 5 year rates in the last month, which is most of the excess spread I was talking about previously.

Market consensus seems to be the Bank will raise 50 bps tomorrow but that it's also mostly priced into deals on offer.

Yep thanks this is the route I’m going to try and go down! Bulb have said the same and they will move it up to 1m. Would be £185 but they will do it for £60 if I switch to a smart meter. I’ve put the request in, but i fear I’ll come unstuck somewhere and they won’t move my pipes or they’ll say it’s too old or something but let’s see.

I asked the girl on the phone if I could move it 1m, then move it again. She laughed. Once the engineers are out though I’m sure they could be persuaded to go another 50cm…

~50,000 sqft of building for £500k seems like a bargain. May need a little bit of work through
https://www.rightmove.co.uk/properties/126820367#/?channel=RES_NEW

I like the way it is described as a detached house

Private prisons are apparently a lucrative business. Just need the right government connections.

You could build a prison in a field somewhere for less than the conversion costs of a Grade II* building.

Lacks water access

I'll withdraw my offer then

I feel poorer just looking at that.

So there's no big 'oh fuck let's drop the BR to 2% as we've overcooked it' moment coming up *?

Didn't think so

* in the short term, anyhoo

who pissed on your chips?

The BoE?

Halifax, who are charging me 7% rite now

fuck dose guys

Absolutely

Fook. I guess you can’t sack the buggers off? I can’t change mortgage because I’m funemployed, if my lot wanted 7% I’d quite quickly be homeless too.

What is the general feel on interest rates over the next few months? My fixed ends in July but can switch now. I have no idea why, but I have a gut feeling they may drop ever so slightly before July.

we just had our buyers demand 20k offs 10 weeks ginto the process. we told them to fuck off and take their decent mortgage rate with them.

they fucked off and now I'm spending my cycling time cleaning for viewings and weve almost certainly lost our purchase.

Ooft Sorry.

There is going to be a lot of this happening.

The sellers we told to fuck off over £10k lost £50k in the end.

they fucked off

Suggests that they weren’t serious if they didn’t even stick around to negotiate.

Fingers crossed for a new buyer.

yep. in the end we panicked and offered (another) 5k off.

it was for work in the building that the freeholder had said wasn't necessary and isn't going to happen.

they had all the info in early November and they did that in mid Jan. that's what's most shit about it.

They fucked off. I didn’t tell them too though, they were just being troll cash buyers

This is almost identical to our situation. Although they had info at start of October and waited till mid Jan facepalm

solidarity.

handshake emoji.

You should get a deal now pencilled in just in case to fall back on. You can do 6 months in advance but your not held to it if something better comes.

Our mortgage adviser thinks they may drop a bit by then but 🔮