Buying a house (and renting)

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Oblomov Boblomov
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PostRe: Buying a house (and renting)
by Oblomov Boblomov » Wed Sep 11, 2019 10:37 pm

Dual wrote:
Oblomov Boblomov wrote:
Dual wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


That doesn't sound sustainable mate. Are you having an extension built? Would. It be easier to remortgage?

Two. Would really rather not — only just got it down to five figures.


OK bro. Good luck.

:lol: Cheers bro.

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poshrule_uk
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PostRe: Buying a house (and renting)
by poshrule_uk » Thu Sep 12, 2019 12:38 pm

Oblomov Boblomov wrote:
Qikz wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


I really don't think it's wise to do that especially with all the possible financial insecurity happening soon. Is there no way you can split it up into smaller amounts over a longer period? (ie don't do everything at once)

You're right, it's not wise. It is a bit of a concern.

It's all pretty much committed now. We're going to stick all the new appliances/furniture on these cards and then also our regular spending for a few months, until the big bills are out of the way. Hopefully then we'll have a year and a half or so to get the cards cleared. Could be quite the race against time to see off probably around £20k before the interest kicks in :dread:.

We're both full-time and without any dependents, so it should be doable, as long as circumstances don't change...


I'm sure you have done this but work out what your going to spend on credit, divide it by months to clear then you know the minimum payment each month to get it all sorted.

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poshrule_uk
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PostRe: Buying a house (and renting)
by poshrule_uk » Thu Sep 12, 2019 12:39 pm

BID0 wrote:
poshrule_uk wrote:
BID0 wrote:
Tomous wrote:So, curtain rails.

We’re in the process of buying our first house and we’ve just had the fixture and fittings inventory back and it seems the vendor is taking all the curtain rails except the lounge, where they want £40 to leave them.

Is this the norm? I assumed curtain rails would just be left? And can we require they fill and cover all the holes left by removing the rails? I’ve seen “make walls good” mentioned before, but how do we enforce this? Refuse to exchange if they don’t do it?

Yeh they need to make the walls good if they're leaving holes in them. Making good means filling the holes and then painting them (including painting the entire room if the colour doesn't match)

Regarding buying fixtures and fittings, people do that and it was especially common with the old Stamp Duty Stamp Duty system where you'd be hit with a massive tax jumps at certain thresholds so people would "buy" the house just under the tax bracket and then buy a house full of furniture to make up the cost of the house tax free. As Jawa said I would recommend turning down the offer for a curtain rail, it's not something you usually take when you move house as they are sized to the property's windows, it's like they would just leave it there and if they don't you have £40 to out towards something you actually want in your new home.


The house we purchased 3 years ago they wanted 250 quid for the shed.

I said to the Mrs they are not dismantling that and taking it with them and guess what, got a free shed!!!

Nice! You’re better than our Brexit negotiators :nod:


Send me to Brussels and quick!

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Jenuall
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PostRe: Buying a house (and renting)
by Jenuall » Thu Sep 12, 2019 1:08 pm

Regarding the earlier discussion I'm fairly certain that leaving holes in the walls is the standard, that's what all my research told me when we moved at the start of the year. I was getting concerned as we took down a lot of shelves etc. and so wanted to know if filling the holes would be required - the estate agents, solicitors, moving company and basically everyone we asked confirmed that the expectation is that holes will be left unfilled.

On thinking about it afterwards it makes much more sense this way - after buying a house I want to know where the previous occupant had made holes in the wall as this will have an impact on where I put stuff! I don't want to be putting a shelf up only find that I'm drilling into a weak bit of wall where they have hastily filled a previous hole.

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Rocsteady
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PostRe: Buying a house (and renting)
by Rocsteady » Thu Sep 12, 2019 1:23 pm

Oblomov Boblomov wrote:
Dual wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


That doesn't sound sustainable mate. Are you having an extension built? Would. It be easier to remortgage?

Two. Would really rather not — only just got it down to five figures.

Holy gooseberry fool man :lol:

Party at yours when that's all done.

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That's not a growth
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PostRe: Buying a house (and renting)
by That's not a growth » Thu Sep 12, 2019 2:49 pm

poshrule_uk wrote:
Oblomov Boblomov wrote:
Qikz wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


I really don't think it's wise to do that especially with all the possible financial insecurity happening soon. Is there no way you can split it up into smaller amounts over a longer period? (ie don't do everything at once)

You're right, it's not wise. It is a bit of a concern.

It's all pretty much committed now. We're going to stick all the new appliances/furniture on these cards and then also our regular spending for a few months, until the big bills are out of the way. Hopefully then we'll have a year and a half or so to get the cards cleared. Could be quite the race against time to see off probably around £20k before the interest kicks in :dread:.

We're both full-time and without any dependents, so it should be doable, as long as circumstances don't change...


I'm sure you have done this but work out what your going to spend on credit, divide it by months to clear then you know the minimum payment each month to get it all sorted.


No! You should put aside that amount, but only pay off the minimal amount (assuming 0%). The different you put into an account that gives you interest, then you pay off the cards in the last month.

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poshrule_uk
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PostRe: Buying a house (and renting)
by poshrule_uk » Thu Sep 12, 2019 3:17 pm

That's not a growth wrote:
poshrule_uk wrote:
Oblomov Boblomov wrote:
Qikz wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


I really don't think it's wise to do that especially with all the possible financial insecurity happening soon. Is there no way you can split it up into smaller amounts over a longer period? (ie don't do everything at once)

You're right, it's not wise. It is a bit of a concern.

It's all pretty much committed now. We're going to stick all the new appliances/furniture on these cards and then also our regular spending for a few months, until the big bills are out of the way. Hopefully then we'll have a year and a half or so to get the cards cleared. Could be quite the race against time to see off probably around £20k before the interest kicks in :dread:.

We're both full-time and without any dependents, so it should be doable, as long as circumstances don't change...


I'm sure you have done this but work out what your going to spend on credit, divide it by months to clear then you know the minimum payment each month to get it all sorted.


No! You should put aside that amount, but only pay off the minimal amount (assuming 0%). The different you put into an account that gives you interest, then you pay off the cards in the last month.


Your a stoozer are you?

I wouldn't say I'm incorrect, it just depends on what you're comfortable with and your relationship with money but that's a good shout

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Oblomov Boblomov
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PostRe: Buying a house (and renting)
by Oblomov Boblomov » Thu Sep 12, 2019 6:08 pm

poshrule_uk wrote:
That's not a growth wrote:
poshrule_uk wrote:
Oblomov Boblomov wrote:
Qikz wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


I really don't think it's wise to do that especially with all the possible financial insecurity happening soon. Is there no way you can split it up into smaller amounts over a longer period? (ie don't do everything at once)

You're right, it's not wise. It is a bit of a concern.

It's all pretty much committed now. We're going to stick all the new appliances/furniture on these cards and then also our regular spending for a few months, until the big bills are out of the way. Hopefully then we'll have a year and a half or so to get the cards cleared. Could be quite the race against time to see off probably around £20k before the interest kicks in :dread:.

We're both full-time and without any dependents, so it should be doable, as long as circumstances don't change...


I'm sure you have done this but work out what your going to spend on credit, divide it by months to clear then you know the minimum payment each month to get it all sorted.


No! You should put aside that amount, but only pay off the minimal amount (assuming 0%). The different you put into an account that gives you interest, then you pay off the cards in the last month.


Your a stoozer are you?

I wouldn't say I'm incorrect, it just depends on what you're comfortable with and your relationship with money but that's a good shout

Stoozing is worth very slightly more than the square root of strawberry float all at the moment. We'll definitely be doing as you suggested, paying off whatever is reasonable each month to bring it down steadily as the 0% period runs down.

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Oblomov Boblomov
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PostRe: Buying a house (and renting)
by Oblomov Boblomov » Thu Sep 12, 2019 6:12 pm

Rocsteady wrote:
Oblomov Boblomov wrote:
Dual wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


That doesn't sound sustainable mate. Are you having an extension built? Would. It be easier to remortgage?

Two. Would really rather not — only just got it down to five figures.

Holy gooseberry fool man :lol:

Party at yours when that's all done.

It sounds like a lot but at the end of it all, we'll just have a new (as in the actual area of the house didn't exist before) dining room and bedroom, with a new (as in new furniture/appliances) kitchen and bathroom. I highly doubt it's worth it if you look at it through a property development lens, but we plan on sticking around for a long time so the overall value isn't really our concern.

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pjbetman
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PostRe: Buying a house (and renting)
by pjbetman » Thu Sep 12, 2019 7:39 pm

Oblomov Boblomov wrote:
Rocsteady wrote:
Oblomov Boblomov wrote:
Dual wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


That doesn't sound sustainable mate. Are you having an extension built? Would. It be easier to remortgage?

Two. Would really rather not — only just got it down to five figures.

Holy gooseberry fool man :lol:

Party at yours when that's all done.

It sounds like a lot but at the end of it all, we'll just have a new (as in the actual area of the house didn't exist before) dining room and bedroom, with a new (as in new furniture/appliances) kitchen and bathroom. I highly doubt it's worth it if you look at it through a property development lens, but we plan on sticking around for a long time so the overall value isn't really our concern.


Sounds like it will be great when it's all finished.

How are you raising the other £100k, if not a mortgage?

Also, the credit cards that i've used with interest free deals, ask you for a 3% up front charge. Which is only £600 on £20k. So, once you've paid that, you'd not be in dire straits if you failed to pay it all off over 2 years or whatever period they set.

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<]:^D
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PostRe: Buying a house (and renting)
by <]:^D » Thu Sep 12, 2019 7:56 pm

Oblomov Boblomov wrote:
Qikz wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


I really don't think it's wise to do that especially with all the possible financial insecurity happening soon. Is there no way you can split it up into smaller amounts over a longer period? (ie don't do everything at once)

You're right, it's not wise. It is a bit of a concern.

It's all pretty much committed now. We're going to stick all the new appliances/furniture on these cards and then also our regular spending for a few months, until the big bills are out of the way. Hopefully then we'll have a year and a half or so to get the cards cleared. Could be quite the race against time to see off probably around £20k before the interest kicks in :dread:.

We're both full-time and without any dependents, so it should be doable, as long as circumstances don't change...


avoid sex then :lol:

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Errkal
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PostRe: Buying a house (and renting)
by Errkal » Thu Sep 12, 2019 7:58 pm

<]:^D wrote:
Oblomov Boblomov wrote:
Qikz wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


I really don't think it's wise to do that especially with all the possible financial insecurity happening soon. Is there no way you can split it up into smaller amounts over a longer period? (ie don't do everything at once)

You're right, it's not wise. It is a bit of a concern.

It's all pretty much committed now. We're going to stick all the new appliances/furniture on these cards and then also our regular spending for a few months, until the big bills are out of the way. Hopefully then we'll have a year and a half or so to get the cards cleared. Could be quite the race against time to see off probably around £20k before the interest kicks in :dread:.

We're both full-time and without any dependents, so it should be doable, as long as circumstances don't change...


avoid sex then :lol:


Or live by the age old rule of up the bum no babies.

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Oblomov Boblomov
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PostRe: Buying a house (and renting)
by Oblomov Boblomov » Thu Sep 12, 2019 8:10 pm

pjbetman wrote:
Oblomov Boblomov wrote:
Rocsteady wrote:
Oblomov Boblomov wrote:
Dual wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


That doesn't sound sustainable mate. Are you having an extension built? Would. It be easier to remortgage?

Two. Would really rather not — only just got it down to five figures.

Holy gooseberry fool man :lol:

Party at yours when that's all done.

It sounds like a lot but at the end of it all, we'll just have a new (as in the actual area of the house didn't exist before) dining room and bedroom, with a new (as in new furniture/appliances) kitchen and bathroom. I highly doubt it's worth it if you look at it through a property development lens, but we plan on sticking around for a long time so the overall value isn't really our concern.


Sounds like it will be great when it's all finished.

How are you raising the other £100k, if not a mortgage?

Also, the credit cards that i've used with interest free deals, ask you for a 3% up front charge. Which is only £600 on £20k. So, once you've paid that, you'd not be in dire straits if you failed to pay it all off over 2 years or whatever period they set.


Thanks. I certainly hope so!

I already had it. I bought a flat in Birmingham about 6 years ago and it turned out there had been quite a boom 5 years later when I came to sell it.

Didn't realise there was usually an up front charge, but at least it sounds like it won't be a huge amount. Will have to see how it goes. The first two cards are on their way now.

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Oblomov Boblomov
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PostRe: Buying a house (and renting)
by Oblomov Boblomov » Thu Sep 12, 2019 8:10 pm

Errkal wrote:
<]:^D wrote:
Oblomov Boblomov wrote:
Qikz wrote:
Oblomov Boblomov wrote:I'm getting some work done on my house. I say some, in total it's come to about £120k.

My wife is starting to feel sick because of the amount of debt we're going to be in. I am a little worried, but we're just going to open as many 24+ month credit cards as we can and pay them off over the next couple of years.

That's my cunning plan anyway :slol:.


I really don't think it's wise to do that especially with all the possible financial insecurity happening soon. Is there no way you can split it up into smaller amounts over a longer period? (ie don't do everything at once)

You're right, it's not wise. It is a bit of a concern.

It's all pretty much committed now. We're going to stick all the new appliances/furniture on these cards and then also our regular spending for a few months, until the big bills are out of the way. Hopefully then we'll have a year and a half or so to get the cards cleared. Could be quite the race against time to see off probably around £20k before the interest kicks in :dread:.

We're both full-time and without any dependents, so it should be doable, as long as circumstances don't change...


avoid sex then :lol:


Or live by the age old rule of up the bum no babies.

I think you'll find it's 'one up the bum, no harm done'.

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Corazon de Leon
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PostRe: Buying a house (and renting)
by Corazon de Leon » Thu Sep 12, 2019 11:20 pm

Yeah, where the strawberry float did your one come from Errkal?

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<]:^D
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PostRe: Buying a house (and renting)
by <]:^D » Fri Sep 13, 2019 6:46 am

up the bum no babies :lol:

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Errkal
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Location: Hastings

PostRe: Buying a house (and renting)
by Errkal » Fri Sep 13, 2019 7:04 am

Corazon de Leon wrote:Yeah, where the strawberry float did your one come from Errkal?


Pretty sure Lily Allen said it on a Graham Norton Show episode once.

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andretmzt
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Location: Lincolnshire

PostRe: Buying a house (and renting)
by andretmzt » Wed Sep 25, 2019 9:33 am

I'm moving to Southampton for work in late October and about this time last week I was planning on renting with my partner as I thought I'd have a hand with rent from my company. Had a chat with the work guy and it turns out my company won't help (why didn't you say that before you tosser, I have wasted over a month planning to rent :x ). So instead of viewing houses to rent on Monday, I had to call all the estate agents and tell them I now want to buy and two days later I am about to put an offer in on a house and I still have no strawberry floating clue what I am doing. Got a solicitor, got a financial adviser, got the estate agent....I don't need anything else right? :shifty:

To think I was happy to just rent a week ago and now I'm about to go buy a bloody house. Most I have ever spent on a single thing is £2000....

HSH28 wrote:No Last Guardian.
No new exclusive PS4 games.
No longer free MP for PS4.

Microsoft win E3.
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Winckle
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PostRe: Buying a house (and renting)
by Winckle » Wed Sep 25, 2019 9:37 am

Anyone here overpaying on their mortgage to reduce their overall interest payments, length of mortgage etc? We recently upped ours by £100. It's not a huge amount but it seems to take a lot off the mortgage, and given the awful state of savings accounts right now it seems like a good way to make money work for us.

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Moggy
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PostRe: Buying a house (and renting)
by Moggy » Wed Sep 25, 2019 9:47 am

Winckle wrote:Anyone here overpaying on their mortgage to reduce their overall interest payments, length of mortgage etc? We recently upped ours by £100 recently. It's not a huge amount but it seems to take a lot off the mortgage, and given the awful state of savings accounts right now it seems like a good way to make money work for us.


Yeah I have been overpaying pretty much since I took the mortgage out. I was overpaying £100 a month a few years ago, but money is tighter now so I dropped it to £10 a month. It all makes a difference though.


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