Mowgli
Striker
If you're next house is more expensive, the same percentage drop will make it closer to you.How will that benefit you ,your house and the one you fancy have both been hit together
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If you're next house is more expensive, the same percentage drop will make it closer to you.How will that benefit you ,your house and the one you fancy have both been hit together
I'm massively jealous of just how class your financial circumstances are.
Both of you on around £100k with a circa £100k deposit. The only advice I could find you was buy something better, you can afford it.
How will that benefit you ,your house and the one you fancy have both been hit together
That is going to end terribly. Are you living together at the moment?
It'll never lastAye. Been together since 14, so doing something right.
Plan is to get something drawn up so if we did split up, she gets all her cash back etc. However they said legally it probably wouldnt stand once married etc.It'll never last
Serioulsy good luck sound like you two have your heads screwed on.
As a side not....and coming from a parent point of view.....has her parents mentioned anything about the fact that she's stumping up 75% of the lolly.
What happens if you did split up and took 50% of everything ?
Just I have seen it over the years with mates.
Plan is to get something drawn up so if we did split up, she gets all her cash back etc. However they said legally it probably wouldnt stand once married etc.
True but say you're in a 140k kip .a 200k new kip is a canny jump ...only 6 grand difference the saving which you can chip off a price in normal trading anywayIf you're next house is more expensive, the same percentage drop will make it closer to you.
closet gap ? as I said above you have less capital off yours too so that affects lendingCloset gap and more for the same lending if moving up
True but say you're in a 140k kip .a 200k new kip is a canny jump ...only 6 grand difference the saving which you can chip off a price in normal trading anyway
closet gap ? as I said above you have less capital off yours too so that affects lending
We are looking at buying a house in the 240k bracket I think now. Would only need to lend 140-150k and earn around 60k between us so well within affordability limits. Going to see what comes up etc.My advice would be to buy something bigger as well. If property drops then it will bounce back in years to come. Best buying bigger with prices at an artificial low and interest rates very low as well.
Houses are money pits, no point spending money for taxes / legal fees / replacement boilers etc. twice. Buy somewhere bigger where you can extend and take the time to get it the way you like.
Particularly if kids are in the pipeline. It'll save you a fortune in the long run and means when kids arrive you can do a few cosmetics but you'll not be buried in moving house and ripping it apart.
@jsdftm04
If you love it grow a pair and get itSeen a house I really fancy get reduced today. I need to be sensible and wait til the current situation is over though
Seen a house I really fancy get reduced today. I need to be sensible and wait til the current situation is over though
Do you?Seen a house I really fancy get reduced today. I need to be sensible and wait til the current situation is over though
Now IS the time to get it whilst your employment history is good and the banks and that are giving mortgages.Both of them things will change in the future for most.Seen a house I really fancy get reduced today. I need to be sensible and wait til the current situation is over though
Prices will likely recover when this ends though
Now IS the time to get it whilst your employment history is good and the banks and that are giving mortgages.Both of them things will change in the future for most.
only after 90% mortgages come back again imo
going to need a large chuck of deposit for a year or so which most people dont have, that's going to have a huge impact on prices for me
Lending ratios have been relaxedAgreed, but it’s all interlinked. The ‘end’ he was quoting will be when the lenders offer the high LTVs en masse again.