Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Thanks.
LTV is 35%
I used a mortgage broker who found me the best rate / deal. That was no fee & free legals.
If deals look better in 5 months I can always switch
I was having a look at the BOE MPC committee and they all kind of look like conservative voters to me. How is it that such small group of unelected people have so much power?
Don't worry, once the mortgage is paid off you just have sort out retrofitting the house for modern times, and other things, such as
Switching from system to combi boiler
Solar panels
Electric car
Upgrade house electrics for car, charge point
Better housing insulation all around
And once you're just about done...
Total refit of heating system for air or ground source heat pump, along with trimmings to make workable.
Oh boy, what a joy it's going to be. Ticked off the first, £4k (there abouts) for switch to combi. Leaking, knackered 1970's porch replacing almost £8k come Oct, next year solar panels, what's that £12-18k..
I have no idea how people are going to afford all this on top of sky high mortgages for aging properties like mine (mid 70's).
Simply, we can't.
There isn't enough money available for individuals to make thier houses "green" as much as we need to, it isn't going to happen.
If houses weren't so expensive it would all be fine.
Caporegime
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Well said
Caporegime
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- Wish i was in a Ramen Shop Counter
Don’t remind me…
Off my head
1 - need a new drive way, it’s currently just dirt.
2 - need new kitchen/wall knock through and redo downstairs bathroom.
3 - in doing so, move the boiler and plumbing
4 - redo upstairs bathroom
5 - repaint outside of the house’ render
6 - refit the interior of fhe garage
Then I’ll think about solar panels and electric car.
Caporegime
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I've got loads to do too.
1.need to fix rising damp issue
2.need to finish replaster upstairs and painting.
3. Need to take downstairs cielings off and put new one.
4.need to replaster downstairs.
5.need a new kitchen and bathroom.
Etc etc
Soldato
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- East Sussex
I've looked at heat pumps, but was advised I'd need 2 due to the size of the house, I'd also need to change/supplement about 70% of the radiators or put in underfloor heating. Payback period is just too long for me to make it a priority.
I've got a load of blown glazing units on the south facing side of the house - so fixing those will be the extent of making the house more efficient for now, I might also put in a new front door - as the wooden one we have is definitely leaking a lot of heat in winter.
I think a solar water heater might be worth a look - but I've not really looked into it yet and done the sums.
I've got a load of blown glazing units on the south facing side of the house - so fixing those will be the extent of making the house more efficient for now, I might also put in a new front door - as the wooden one we have is definitely leaking a lot of heat in winter.
I think a solar water heater might be worth a look - but I've not really looked into it yet and done the sums.
I like this guy's videos. Even a house this size only needed 1
youtu.be
Heat Pump Installation Nightmare - Can It Be Saved?
#mcs #heatpump #airsourceheatpump In this video, I am doing my best to repair a nightmare of a heat pump installation and it is not even remotely easy to fix...
youtu.be
There's only so much they can do though, as the rates themselves aren't set by the government meaning they are restricted on monetary policy, and reducing taxes isn't really a Labour staple.
If I was a betting man my money would be on empty promises of building more houses, which they can just blame on private enterprise if it doesn't happen.
Do they even claim to be building houses any more or is it "homes", shoebox sized flats and tiny houses in souless estates with zero facilities. I'm seeing more and more around here the trend to town houses, which in reality are just 4 rooms stacked on top of each other with no garden.
Rooms stacked on top of each other with no garden is exactly what we need, maximise the living space per land area 
Most new build townhouses are considerably bigger in terms of floor area than the average UK home (about 75m^2 iirc).
Most new build townhouses are considerably bigger in terms of floor area than the average UK home (about 75m^2 iirc).
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I'm not knocking what they ar,e I'm knocking what they are for the 400-500k they want for themRooms stacked on top of each other with no garden is exactly what we need, maximise the living space per land area
Soldato
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It's a bit of a monster that we wouldn't have purchased with hindsight; 6 bed, 5 bath, 4 big reception rooms + all the trimmings
I'm 7 years into my 25 year mortage.
Current 5 year fixed at 1.9% is due for renewal in October which is great timing....
Despite house being worth more, i'm expecting to magic up £200+ a month.
In the grand scheme of things, i'm thankful not to be renting and thankfully not living pay cheque to pay cheque but it is rather worrying.
Current 5 year fixed at 1.9% is due for renewal in October which is great timing....
Despite house being worth more, i'm expecting to magic up £200+ a month.
In the grand scheme of things, i'm thankful not to be renting and thankfully not living pay cheque to pay cheque but it is rather worrying.
Good luck with that. Depending on severity that won't be easy. You fix it, few years later it comes back. Luckily my house doesn't have it.
You say it like everyone needs or wants solar panels. They're just not worth it for a large portion of households.