04-05-2014, 05:29 PM
I think there can be other charges on top of the rent and I believe the rent can go up too, theres also limitations on what you can do to the house and people aren't as keen on buying them so you may have trouble selling. I looked at them but would never go for them, they are all shitty new builds with no parking, no gardens, tiny rooms and where half the houses are given to scum while those of you who pay have to put up with them. I bought this time last year and
How are you and your other half struggling to pay a mortgage on 80k? I pay mine off over 110K on my own (and only 25 years and only 10% equity).
I bought my house this time last year and struggled to scrape the 10% deposit that was the minimum (the bigger % deposit the cheaper your interest rate). House cost £127,500 and my deposit was £12,750 Meaning I have a mortgage of £114,750 on a 2 year tracker at 5%. Over 25 years I pay £675 a month. One across the road in a similar state with big garden like mine has just sold within days for the asking price of £155k which with what I've paid off by next April would mean I owned about 30% of the house and that puts me onto a much better set of mortgage rates.
One of my mates is paying just 2% interest on his and that would put my payments down substantially but when I re mortgage I'm gonna clear some debt and start overpaying.
Sorry for going off on a tangent.
How are you and your other half struggling to pay a mortgage on 80k? I pay mine off over 110K on my own (and only 25 years and only 10% equity).
I bought my house this time last year and struggled to scrape the 10% deposit that was the minimum (the bigger % deposit the cheaper your interest rate). House cost £127,500 and my deposit was £12,750 Meaning I have a mortgage of £114,750 on a 2 year tracker at 5%. Over 25 years I pay £675 a month. One across the road in a similar state with big garden like mine has just sold within days for the asking price of £155k which with what I've paid off by next April would mean I owned about 30% of the house and that puts me onto a much better set of mortgage rates.
One of my mates is paying just 2% interest on his and that would put my payments down substantially but when I re mortgage I'm gonna clear some debt and start overpaying.
Sorry for going off on a tangent.