Yeah i got a payrise last week
What's your point?
Mortgage advice?
- Thread starter unknownsock
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What's your point?
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You're not putting it into context at all. The general position is that salaries are largely flat. It's been in the press almost constantly for months. Obviously there will be a small percentage which buck this trend - that doesn't alter the position of the large majority though.
Soldato
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Just got a confirmation on my mortgage.
For a £287,500 puchase, I have to put down £73,500 (approx 26%). They're so funny. Originally the pre check was fine with £60,000, then underwriters wanted £64,000 and then finally £73,500.
This is 999 credit rating (no blemishes at all on my record for 6 years), good salary and a good job.
2.39% + BR for 2 years with Santander.
For a £287,500 puchase, I have to put down £73,500 (approx 26%). They're so funny. Originally the pre check was fine with £60,000, then underwriters wanted £64,000 and then finally £73,500.
This is 999 credit rating (no blemishes at all on my record for 6 years), good salary and a good job.
2.39% + BR for 2 years with Santander.
omg you're going to be RICH.
no really house prices will double in the next ten years.
where did you get 73.5 grand from, could have bought a nice 3 bed semi for that at one time.
Just remortgaged myself (20% deposit, property worth 225k)
Fixed, 5yr @ 4.39%
Tracker, ~3.39%
When rates go up, the base rate would only have to go up by 1% to make the tracker cost the same as the fixed.
The rates will go up by more than 1% in the next 5 years - of course I'm gambling that the rates will go up sooner rather than later - i.e. the next 12-18 months.
Soldato
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omg you're going to be RICH.
no really house prices will double in the next ten years.
where did you get 73.5 grand from, could have bought a nice 3 bed semi for that at one time.
Saving a lot of student loan (had good jobs at uni), saving well from salary + bonuses and living at home/with partner more or less rent free to be able to save well, but I still had to borrow some money from parents as I need to put up front £83,000 inc stamp duty and legal costs etc
hopefully we will be in a good position with good equity in several years to buy a nice detached house outside London. Buying in a good area of Ealing (W5), plus I get a nice garage for my bicycles.
Your fixed figure is 0.50% lower than a quick scan of the most competitive 5 year deals revealed. Who is that with? What's the arrangement fee?
I saw an 80% LTV term tracker @ 2.49%, but this isn't portable and has an ERC for the first two years...
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Why didn't you just do that now?
Soldato
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I want to live within London for now, plus I don't pay much transport costs as I cycle to work, so moving out in the sticks perversley will be more expensive monthly.
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That's true for sure
We used to live in Wimbledon, then we moved out to Penn, near Beaconsfield. Beautiful part of the country, completely chav free. Only downside is that a season ticket costs £3088
Soldato
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Yeah that area is nice, I like it around there. You def get a lot for your money, and the quality of life along with it.
I reckon 4-5 years, then to the sticks, depending on how house prices go really. Flat we got is large (2 double bedrooms, large double aspect lounge, bedroom), at the moment a family with 2 kids live there, so 2 of us have plenty of room.
G/f is buying a flat too and renting it out, so if all goes well it should be good.
I reckon 4-5 years, then to the sticks, depending on how house prices go really. Flat we got is large (2 double bedrooms, large double aspect lounge, bedroom), at the moment a family with 2 kids live there, so 2 of us have plenty of room.
G/f is buying a flat too and renting it out, so if all goes well it should be good.