gaijintendo
Veteran
- Location
- Scotchland
Gardens big enough to put a shed in, houses far enough apart to push a bike between...
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vickster
Legendary Member
Start saving for them? Maybe they won't end of living in the SE?
I was able to buy primarily due to inheritance from deceased grandparents
gaijintendo
Veteran
- Location
- Scotchland
Can you get some additional parents to safeguard their future?Start saving for them?
I was able to buy primarily due to inheritance from deceased grandparents
vickster
Legendary Member
Huh?
OP
OP
biggs682
Touch it up and ride it
- Location
- Northamptonshire
we have been trying to tell her this for ages but no she has her mind set on a new box !!!
AndyRM
XOXO
- Location
- North Shields
Has she been for a look at both kinds of place for similar money?
Drago
Legendary Member
- Location
- Suburban Poshshire
All my houses have been repos or fixer uppers, and the profit upon sale has always been fearsome, even during the dips in the market.
T.M.H.N.E.T
Rainbows aren't just for world champions
- Location
- Northern Ireland
250k and a 35yr span of constant worry can't be good for you?
I rented a place last year and couldn't wait to be back "home" with far fewer financial worries. I'm not the scrimp every penny and save for a rainy day kind of person.
Give me new bikes, kit and blingy parts to enjoy while living, I'll be dead an awful long time
I rented a place last year and couldn't wait to be back "home" with far fewer financial worries. I'm not the scrimp every penny and save for a rainy day kind of person.
Give me new bikes, kit and blingy parts to enjoy while living, I'll be dead an awful long time
Cycleops
Legendary Member
- Location
- Accra, Ghana
There are advantages of course, you can just move in and be up and running with no additional fixing costs. I have seen some horror stories about new builds so research the builder very well.
Older houses can often be high maintainence and you don't want to forking out for a new roof when most of your money is going into the mortgage. I once had a 250 yr old cottage and it was always needing work.
derrick
The Glue that binds us together.
- Location
- On the edge of London
Take a chance and go for it,later in life she will gain the benefits, To live mortgage or rent free when you are older is what it's all about.
New mortgages these days are all about affordability and are very strict. They look at what you can afford and place that against interest rates much higher than they are today. They will not lend if you can afford to pay today but cannot afford if rates are 5%. This has been the case for a few years but people with mortgages prior to this may suffer however most of those were already paying 5% which is was the base rate was around pre '08
There was a building society bod on BBC breakfast this week, saying that lenders are now lending to pensioners, who themselves are using that money to help grandchildren buy a house. The crusty old Saga lot are seen as a safe bet and let's face it, they hoovered up the good times in the first place.
Dave 123
Legendary Member
- Location
- Cambridgeshire alps
When we got our first mortgage we put down £4000 deposit on the house.
The girl dealing with us said our £36,000 mortgage sounded scary, but her parents first house was bought for the amount of our £4K deposit .
It is scary though. We got on the treadmill in the early 90's. I pity someone starting off now.
The girl dealing with us said our £36,000 mortgage sounded scary, but her parents first house was bought for the amount of our £4K deposit .
It is scary though. We got on the treadmill in the early 90's. I pity someone starting off now.
