Mortgage :tongue:

 

I'm about to take out a huuuuuuuuuuuge mortgage so it will make me feel better if i know other people have bigger loans than me :dance:

 

Mines going to be £200k :smash:

Shit man I thought mine was big.

i should have said i am trying to keep my current house to rent out as well but if i cant then the mortage will be around £160k ish

I've been busy paying mine off. Having a huge mortgage isn't something to be proud of, you're just making a bank richer ! :(

mine is HUGE but worth every penny as its in the best village in area and house was a bargain!

£160 here, but dont mind as the old place is worth double that :)

ppppffffftttttt, my boss has mortgages of nearly £600 000, but as he makes over £100 000 a year it aint really a prob

And I thought £120k was bad!

The more you spend, the more you save.

 

Probably!

ppppffffftttttt, my boss has mortgages of nearly £600 000, but as he makes over £100 000 a year it aint really a prob

 

Still 6 times his income though :shock:

 

I personally don't like the idea of a massive debt so mine is probably tiny by today's standards. It is nicely below twice my income and a fair bit under half the value of my house.

 

I have an offset one and currently overpay some £200 per month in an effort to be rid of it in 10 years.......

 

Richard ;)

I dont like the idea of getting a huge mortgage but we have been stupid and stayed in our current house for 8 years and didnt move when the market was booming so lost out and just upgraded our house which as its a pretty new house didnt really ad much value on!! so we have decided we want another newish house but with all the upgrades done :)

 

This is the house we are looking to buy house

 

£1200 a month mortage :shock:

Thought you were losing your job Mike???

Thought you were losing your job Mike???

 

no i was lucky as i look after 2 depots i ended up being safe :)

I dont like the idea of getting a huge mortgage but we have been stupid and stayed in our current house for 8 years and didnt move when the market was booming so lost out and just upgraded our house which as its a pretty new house didnt really ad much value on!! so we have decided we want another newish house but with all the upgrades done :)

 

This is the house we are looking to buy house

 

£1200 a month mortage :shock:

thought your job was in jeopody mike,or because your not modding zeds anymore you,ve found it affordable now ;)

I dont like the idea of getting a huge mortgage but we have been stupid and stayed in our current house for 8 years and didnt move when the market was booming so lost out and just upgraded our house which as its a pretty new house didnt really ad much value on!! so we have decided we want another newish house but with all the upgrades done :)

 

This is the house we are looking to buy house

 

£1200 a month mortage :shock:

 

Nice house there Mike!

 

At £219k that's a bargain - I must move up north :shock:

 

That would be around £4-450k in my village.

 

Go for it - realistically that house should appreciate quicker than investing the money you are splashing out, so you will gain in the long term.

 

Just watch out for further interest rate rises mate.

 

Richard :)

Nice house Mike, looks like plenty of room for your all your Zeds lol. I spent a few yrs throwing as much as possible into my mortgage and got it down to 25k, but since have remortgaged and its now a lot higher.

 

Barry

thought your job was in jeopody mike,or because your not modding zeds anymore you,ve found it affordable now ;)

 

its time i took a little more time and effort with the family :) so bought the wife a nice new car, gonna buy a nice house and hey i may import a few zeds ;)

 

This is the house we are looking to buy house

 

 

I like it too, Ive just put an offer in of £230k ;) :rofl: :rofl:

I like it too, Ive just put an offer in of £230k ;) :rofl: :rofl:

 

LOL :p

 

Have been doing some reading and research and the northwest is going to increase over 70% over the next 5 years as its still got alot of catching up to do so its a good time to buy

LOL :p

 

Have been doing some reading and research and the northwest is going to increase over 70% over the next 5 years as its still got alot of catching up to do so its a good time to buy

does that include my neck of the woods :dance: :dance: 70%

hopefully mine too!

 

that would be a nice little increase!!

That is a big one. :eek: I can see the light at the end of the tunnel when it comes to Mortages. :) I would not like to start again.

 

Good luck to you.

Market will be fine as Pensions are in crisis. Everyone and his dog has investments in housing rather than shares these days. I'm 32 and just bought a buy to let as well as my big mtg on my home 2 years ago to fund my Z'ding in years to come!! A little stretching of the income now will pay off in years to come and i agree anything spare should go off the mortgage or be re-invested into the house!

 

If i were buying that Mike I'd be selling the wifes new car, and get a builder in to quote for ripping the garage roof off and raising it to put in another couple of bedrooms or bedroom/s with en-suites or another big bedroom and larger bathroom!

 

Looks like you might have a bit of space out the front for a double garage where that car is parked or is that shared access? You could convert the existing gargae and above then!!! Move again then to the original size of housein 1/2 years and pay a major chunk off the mortgage. beats grafting for a living!!!

£150,000 mortgage on the 14th of december :shock: But at least i've got a double garage (20'x20') :tongue:

More Zeds me thinks :nana2: :dance:

Bought the council house for around 56k.

 

As we have a Z the mortgage is around 85k.

 

The house is worth ovr 200k now though.

 

Sorry to depress you all.

 

Thank god for Maggie.

 

Darrell