#100

Marckee response in 5, 4, 3…

2 Likes
#101

Technically longer but we’re overpaying by £200pcm and so it’ll be paid off by then if we keep up repayments.

#102

I think my parents left their’s sitting at something ridiculous, like £1, because that way the mortgage stays open and it’s easier to borrow again in future against your house or something? Fuck knows.

#103

We’re 10 months in to our 30 year mortgage.

It’s a balance for us, we want to try and get our LTV down from 70% to 60% over the 2 year fixed period (Did I just write that, jfc) before we switch to another mortgage. We’re trying to do this through a combination of overpaying (zero so far) and increasing the value of the flat (going well so far). We don’t have enough dollar to do both so are concentrating on doing the place up and making it nice to live in.

#104

Aha right you are.

Carry on!

1 Like
#105

The thought of repaying my mortgage early gives me a raging hog.

#106

We moved recently. Just decided one day we wanted a different house so got it all done on the quiet within about three weeks without telling anyone. Completely painless.

#107

Is that for full time employees or all employees? Could be the reason for the stark difference

#108

These guys can go fuck themselves

#109

I thought the fact I wrote “full-time” would have answered that :slight_smile:

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/bulletins/annualsurveyofhoursandearnings/2016provisionalresults#average-earnings

Apparently in the last year part-time earnings have increased more than full-time, but it’s pretty obvious why full-time equivalents are used for comparisons, since they are unaffected by changes in the proportions of part vs full time workers.

Anyone who can get a mortgage and keep up the payments on a part-time wage certainly gets a tip of the hat from me.

#110

All depends on your deal really. We’re on a lifetime tracker and rates have been really low since we got it in 2006ish, so we’re always overpaying to get it paid off asap as I’m worried about rates shooting back up. I reckon we can do it in a few more years. Also like the idea of us owning it outright and knowing my son will have something when we’re gone.

My wife takes care of all this shit though. I wasn’t with her I’d probably still be living in my rented grief hole in Tottenham.

It is crap now though. Our generation lucked out.

#111
4 Likes
#112

haven’t read the whole thing yet but

and bond forever to the first person of the opposite sex we ever meet in our lives

is something that definitely jumped out at me from the BBC article.

#113

Also

They are not going to come to your house, mate. You’re a twat now and they hate you.

They all said their mates were really happy for them because they haven’t seen them in three years as they haven’t been to a pub in all that time, so they’re taking their friends’ views on their house purchase from the jealousy-soaked “like” on the Facebook photo of the new homeowners holding up the keys

#114

They’ve missed out buying a house just before a housing crash to really make your life miserable.

#115

Last one wasn’t that bad in all honestly.

#116

no, it was pretty good really

#117

Also, the ‘Live Laugh Love’ sign bit :smiley:

I genuinely think that is a staple of every couple I have ever seen my age (or younger) putting up ‘we bought a house!’ photo on Facebook, looming over them in the background whilst they clutch their glass of sparkling wine and stare dead-eyed into the camera grimacing

2 Likes
#118

Well I don’t know anyone who was really shafted by it, apart from people who make a living selling property. Your house is worth a bit less for a year, but ride it out and then it’s worth double what you paid.

#119

With a comment from their aunt. “looks lovely xxxx”

3 Likes