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Post by jh1980 on Feb 7, 2008 12:25:24 GMT -1
(2 bottles of wine less a month) ;D 4 bottles of wine... are you some kinda connoisseur?! ;D ;D
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Post by Travis on Feb 7, 2008 12:27:07 GMT -1
About £26 a month I'd reckon, off the top off my head. Depends on the Mortgage lender's rules about maximum income stretches - and they will be more worried at the moment with the uncertainty in the market. Tis a shitter! Well true, though I'm crediting Laura with being financially frugal here Jules. I think when loans are being offered at 5 and 6 times yearly salaries, anything reasonable is unlikely to be viewed too dimly; especially with a good previous track record. Not a bad time to pick up a discounted fixed-rate number either now.
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Post by CmonYouSpurs on Feb 7, 2008 12:29:23 GMT -1
(2 bottles of wine less a month) ;D 4 bottles of wine... are you some kinda connoisseur?! ;D ;D you wino ;D
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Post by Mrs H on Feb 7, 2008 12:30:00 GMT -1
About £26 a month I'd reckon, off the top off my head. Depends on the Mortgage lender's rules about maximum income stretches - and they will be more worried at the moment with the uncertainty in the market. Tis a shitter! Bingo! I'm at the top end of they'll lend me. I think it's nearer £40 a month and when you've got to buy a car and added cost of petrol/insurance and monthly bills the £40 comes in quite handy!
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Post by jh1980 on Feb 7, 2008 12:30:39 GMT -1
Well true, though I'm crediting Laura with being financially frugal here Jules. I think when loans are being offered at 5 and 6 times yearly salaries, anything reasonable is unlikely to be viewed too dimly; especially with a good previous track record. Not a bad time to pick up a discounted fixed-rate number either now. I'd have thought 4 x salary would cover the place, but that's based on all sorts of assumptions! Yeah I agree it may be possibly to sort H out. What is the precise rate now Trav? After today's drop?
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Post by jh1980 on Feb 7, 2008 12:32:30 GMT -1
You can get a drinkable bottle for £6 is all! I haven't drunk much wine in the last coupla years tbh.
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Post by CmonYouSpurs on Feb 7, 2008 12:33:23 GMT -1
Yeah I agree it may be possibly to sort H out. you never stop do you ;D
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Post by jh1980 on Feb 7, 2008 12:33:42 GMT -1
Bingo! I'm at the top end of they'll lend me. I think it's nearer £40 a month and when you've got to buy a car and added cost of petrol/insurance and monthly bills the £40 comes in quite handy! Ah. Damn my perspicacity! "Testify, Sister!"
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Post by Travis on Feb 7, 2008 12:40:11 GMT -1
Depends on the Mortgage lender's rules about maximum income stretches - and they will be more worried at the moment with the uncertainty in the market. Tis a shitter! Bingo! I'm at the top end of they'll lend me. I think it's nearer £40 a month and when you've got to buy a car and added cost of petrol/insurance and monthly bills the £40 comes in quite handy! Yes, I suppose the car especially makes all the difference. I was just going on the rate I had on a standard variable rate thingy. It equated to a little over £6.50 per £1000 borrowed.
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Post by jh1980 on Feb 7, 2008 12:40:29 GMT -1
Yeah I agree it may be possibly to sort H out. you never stop do you ;D Hahaha!
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Post by Mrs H on Feb 7, 2008 12:41:34 GMT -1
Right thanks for the whinge. Sees ya later
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Post by CmonYouSpurs on Feb 7, 2008 12:42:25 GMT -1
cya H
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Post by Travis on Feb 7, 2008 12:42:40 GMT -1
Well true, though I'm crediting Laura with being financially frugal here Jules. I think when loans are being offered at 5 and 6 times yearly salaries, anything reasonable is unlikely to be viewed too dimly; especially with a good previous track record. Not a bad time to pick up a discounted fixed-rate number either now. I'd have thought 4 x salary would cover the place, but that's based on all sorts of assumptions! Yeah I agree it may be possibly to sort H out. What is the precise rate now Trav? After today's drop? I only borrowed on the basis of about 2.5 times my minimum 'worst case scenario' salary, though I don't think that really affected the rates I was offered ultimately. The rate is down to 5.25%, though the signs are that it's likely to fall again pretty soon, I know some experts were discussing the merits 0.5% drop on the radio this morning.
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Post by Travis on Feb 7, 2008 12:43:08 GMT -1
Right thanks for the whinge. Sees ya later Bye Laura.
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Post by jh1980 on Feb 7, 2008 12:46:55 GMT -1
I only borrowed on the basis of about 2.5 times my minimum 'worst case scenario' salary, though I don't think that really affected the rates I was offered ultimately. The rate is down to 5.25%, though the signs are that it's likely to fall again pretty soon, I know some experts were discussing the merits 0.5% drop on the radio this morning. Well I was guessing Laura's salary, and I'm guessing she must be paid less than she deserves. You're a lucky bugger there then Trav, but I suppose like you said prices in your area have boomed, even by national standards. Ooh, if it dropped to 4.75% I'd definitely stick a fixed rate on. I was on 4.39% until December just gone, the leap is noticeable, good thing I'm (mostly) not smoking!
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Post by thales on Feb 7, 2008 12:48:11 GMT -1
I'd have thought 4 x salary would cover the place, but that's based on all sorts of assumptions! Yeah I agree it may be possibly to sort H out. What is the precise rate now Trav? After today's drop? I only borrowed on the basis of about 2.5 times my minimum 'worst case scenario' salary, though I don't think that really affected the rates I was offered ultimately. The rate is down to 5.25%, though the signs are that it's likely to fall again pretty soon, I know some experts were discussing the merits 0.5% drop on the radio this morning. would that be a half of 1 % then travis
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Post by Travis on Feb 7, 2008 12:53:58 GMT -1
I only borrowed on the basis of about 2.5 times my minimum 'worst case scenario' salary, though I don't think that really affected the rates I was offered ultimately. The rate is down to 5.25%, though the signs are that it's likely to fall again pretty soon, I know some experts were discussing the merits 0.5% drop on the radio this morning. Well I was guessing Laura's salary, and I'm guessing she must be paid less than she deserves. You're a lucky bugger there then Trav, but I suppose like you said prices in your area have boomed, even by national standards. Ooh, if it dropped to 4.75% I'd definitely stick a fixed rate on. I was on 4.39% until December just gone, the leap is noticeable, good thing I'm (mostly) not smoking! I started on 3.79%! ;D If I'd bought at the start, rather than 2 years into the boom things would've been even sweeter though. I offered the full asking price on 4 properties and missed out on them all before I got my place, the first went up in value by 60% in the intervening period!
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Post by Travis on Feb 7, 2008 12:54:28 GMT -1
I only borrowed on the basis of about 2.5 times my minimum 'worst case scenario' salary, though I don't think that really affected the rates I was offered ultimately. The rate is down to 5.25%, though the signs are that it's likely to fall again pretty soon, I know some experts were discussing the merits 0.5% drop on the radio this morning. would that be a half of 1 % then travis Thank you, Professor Hawking!
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Post by jh1980 on Feb 7, 2008 13:01:46 GMT -1
I started on 3.79%! ;D If I'd bought at the start, rather than 2 years into the boom things would've been even sweeter though. I offered the full asking price on 4 properties and missed out on them all before I got my place, the first went up in value by 60% in the intervening period! Should have got a 10-year fix, if you'd had the foresight! Yeah let's face it, it's a racket and the only winners are the bwankers
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Post by Travis on Feb 7, 2008 13:12:53 GMT -1
I started on 3.79%! ;D If I'd bought at the start, rather than 2 years into the boom things would've been even sweeter though. I offered the full asking price on 4 properties and missed out on them all before I got my place, the first went up in value by 60% in the intervening period! Should have got a 10-year fix, if you'd had the foresight! Yeah let's face it, it's a racket and the only winners are the bwankers It would've cost me more to get out of it though than it did Jules! £7.72 a day it was costing in interest on £45,000, so much more of a sobering fault for anyone with double the commitment....£100 per week out of the window with nothing to show for it.
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