First time home buyer!

[jus_tin]

Just bought our first house with the mrs... move in on Thursday!!! Bad news is any future plans on car have gone out the window as mortgage re-payments are a killer. And the best bit... on every pound we've borrowed we pay back £3.15... so our £95,000 mortgage will cost us in total £299,250.00. Now hows about that for some serious lube'less anal shafting!

[AdamW]

Jesssssuuuuuussssssssss christ, thats some repayments.

How much you paying a month roughly mate and how old are ya? Looking at buying a place within next 12-18months and then Let it out when I possibly move to Brum...

[mattchewone]

Woah thats mental mate! Flaming rip off! Think im guna be living at home all my life lol.

[davew]

wow. dont think i would have done it if i knew i would be paying that back !

fair play though mate need to do it at some point.


renting for me.... wasted money though

[Japman]

thats huge amounts of money :(

[rockerlad]

i rent at the mo, going to start saving up for a deposit after xmas, will have to get a few weekends done on overtime

[jus_tin]

Jesssssuuuuuussssssssss christ, thats some repayments.

How much you paying a month roughly mate and how old are ya? Looking at buying a place within next 12-18months and then Let it out when I possibly move to Brum...

were paying off the interest plus the mortgage repayment which they both work out to be about £587 a month. fixed rate at 6.79% i think. the thing is 3 months ago when we got our first mortgage quote the rate was 5.11%, so in 3 months with raising interest rates its gone up to 6.79% and higher. im 26 and broke!

[Lee_P]

Woah thats mental mate! Flaming rip off! Think im guna be living at home all my life lol.


me to lol


why didnt you just tell the bank manager to dry bum you

[L8R_VTR]

fook me thats serous coinage that bro just think of the car you could of had lol weel hope everything works out for you and the mrs mate good luck bud :y: :y: :y:

[rockerlad]

can still get a decent 3 bedroomed house up in workington/whitehaven for about 70k i think thats well expensive

[Tupps]

Im never moving out tbh

[craig180]

Do what I do and pay off more each month than the minimum. It's amazing how much you can save and how much quicker you can pay off your mortgage by paying a little extra each month

[vidal]

The reason that the repaid total is so high is due to the length of the mortgage term.

V.

[jus_tin]

can still get a decent 3 bedroomed house up in workington/whitehaven for about 70k i think thats well expensive

average house price by us in 105.000 but we got a quick sale coz bloke was going in the army and had to sell his house.

[rockerlad]

average house price by us in 105.000 but we got a quick sale coz bloke was going in the army and had to sell his house.

ah the joys of living in the arse hole of the country....everyting is cheaper lol

[jus_tin]

fook me thats serous coinage that bro just think of the car you could of had lol weel hope everything works out for you and the mrs mate good luck bud :y: :y: :y:

lol cheers pal... been living with the mrs and her parents for the last 18 months now. be glad to have our own place / space and can catch up on all the sh*gging weve missed now we aint got her oldies wondering around! saying that me lil saxo has seen a few 'unsavoury' evenings before getting in the house with the mrs ha lol.

[Wayne]

thats alot of money.

[jus_tin]

ah the joys of living in the arse hole of the country....everyting is cheaper lol

lol but the town i work in, the houses are more expensive even tho its neighbourhoods and friggin gypsy sites, and the town itself is chav central... big up the stourport massive!

[craig180]

We paid £130k for our house a few years ago, got about 18 years left on the Mortgage and when it's up for renewal next year we're hoping to get the term down to 15 years.

In the few years we've owned the house we've already made almost £40K on it and we've not done half the work we want to do! Just goes to show even though house prices are stooooopid at the mo you can still buy a house and cleverly make money on it in a short period

[jus_tin]

The reason that the repaid total is so high is due to the length of the mortgage term.

V.

thats true, but we took the max term to lower our monthly repayments. the idea is to build equity in the house, remortgage and use the cashback service that some banks give when remortgaging and provide a higher deposit so we dont have to loan so much for our next house... which will be the house when we decide on a family. for now we wanted to pay as little as pos for a few years so we can have our own time, then when its time to move use whats built up in the house and remortgage. thats the plan anyway...

[xxxvickxxx]

hoped it goes well for you and your missus :y: me and the other half buying a place next year

[KamRacing]

I've just purchased a place also. Trying to work out how I'm going to keep the build of the 309 a secret when my finances are under the scrutiny of my fiancee

[stoney_182]

looking to buy next year, quite frankly bricking it but it will mean alot more freedom

[kenny]

jesus thats a fortune. feck moving out lol

[Amiee]

Gosh thats a fair wack! your interest rates suck, did you shop about for mortgages??

Im just waiting on completion date on mine.. (next week or so touch wood) and were only paying back £2.47 for every £1 borrowed.

[Luke]

It's expensive mate, but do what Craig has done.

A lad I work with, took about a 15 year mortgage on a £110k and he has already paid off 40k in 3 years, so basically that house will be paid off in 4 years.

[SaxoJamie]

That's a huge load of money. Don't think I will be able to move out til I'm 50 lol:P

[VTR_Nick]

Just bought our first house with the mrs... move in on Thursday!!! Bad news is any future plans on car have gone out the window as mortgage re-payments are a killer. And the best bit... on every pound we've borrowed we pay back £3.15... so our £95,000 mortgage will cost us in total £299,250.00. Now hows about that for some serious lube'less anal shafting!

What does that work out to a month?

[VTR_Nick]

Gosh thats a fair wack! your interest rates suck, did you shop about for mortgages??

Im just waiting on completion date on mine.. (next week or so touch wood) and were only paying back £2.47 for every £1 borrowed.

What does that work out to a month?

[Hanuman]

It's expensive mate, but do what Craig has done.

A lad I work with, took about a 15 year mortgage on a £110k and he has already paid off 40k in 3 years, so basically that house will be paid off in 4 years.

well he must have a mint job, over a grand a month straight on the house? he must have good coin

[jus_tin]

I've just purchased a place also. Trying to work out how I'm going to keep the build of the 309 a secret when my finances are under the scrutiny of my fiancee

exactly mate, somehow she managed to talk me into setting up a joint account... so every penny i spend on car she'll notice on the statements. im doomed! :panic:

[jus_tin]

Gosh thats a fair wack! your interest rates suck, did you shop about for mortgages??

Im just waiting on completion date on mine.. (next week or so touch wood) and were only paying back £2.47 for every £1 borrowed.

we didnt shop around much for mortgage. ended up with halifax in the end. who are you with? what type of mortgage you got and how much did you lend?

[Jamie]

can still get a decent 3 bedroomed house up in workington/whitehaven for about 70k i think thats well expensive

You wouldnt get a flat for that where i am lol

Id defo be housed if there was any about for that price!

[Col_VTR]

Me and Audz_VTR bought our first house last year, 2 bedroom Mid Terraced house for £84,000, since then the prices have just shot up and keep going up.

We got a fixed rate mortgage for 5 years, think the rate was 5.25 and that was with Halifax, they were the only ones that would give us around 4 times our joint income.

All i can say is it is a million times better than living at home, just wish your mum could still do all the washing and tidying up :panic:

[saxowebby]

only 3.8% increase doesent seem that bad. some companys charge 17.5%