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Asher
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« on: Tuesday, November 15, 2005, 12:24:21 » |
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Just exchanged on my new house and it hit me I now owe nearly a quarter of a million in mortgages! Think I need a lie down.....
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McLovin
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« Reply #1 on: Tuesday, November 15, 2005, 12:26:27 » |
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Arf! Luckily i have no mortgage. Yet...
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Bob's Orange
Has brain escape barriers
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« Reply #2 on: Tuesday, November 15, 2005, 12:27:38 » |
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Just exchanged on my new house and it hit me I now owe nearly a quarter of a million in mortgages! Think I need a lie down..... Jesus! I can only get a Mortgage for 70k which doesn't even get you a garden shed in Edinburgh! I could afford to buy a flat in a shite estate but I figure that I would rather rent a half decent place which at least keeps my car safe (in an underground garage!) |
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
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Ralphy
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« Reply #3 on: Tuesday, November 15, 2005, 12:31:51 » |
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Ash is a rich boy though  |
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yeo
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« Reply #4 on: Tuesday, November 15, 2005, 12:34:59 » |
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Im afraid now is the time to grow up Ash.
No more binge drinking football weekenders for you im afraid.
I'll buy you some slippers for Christmas if you like.
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W56196272
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Asher
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« Reply #5 on: Tuesday, November 15, 2005, 13:04:01 » |
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Im not rich just have taken risks, I look forward to early nights in front of a fire with my slippers, and I do expect them yeovil!
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Northern Red
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« Reply #6 on: Tuesday, November 15, 2005, 13:06:07 » |
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Move up north - 3 Bed Semi cost me 80k and I've just sold it for 125k  My mortgage was only 70K |
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yeo
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« Reply #7 on: Tuesday, November 15, 2005, 13:08:24 » |
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W56196272
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Asher
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« Reply #8 on: Tuesday, November 15, 2005, 13:15:53 » |
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What sort of rent would you get ona 3 bed up there?
Yeovil - I would love those!!!
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Northern Red
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« Reply #9 on: Tuesday, November 15, 2005, 13:21:13 » |
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Semi aren't massively rentable - I've looked into it - 450/500 pcm 3 bed semi with garden.
It's all about City centre flats now, although the rise in prices is forcing the rental values up as well.
2 bed back to back terrace is about 400pcm.
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Asher
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« Reply #10 on: Tuesday, November 15, 2005, 14:05:09 » |
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Im getting £525 on my 2 bed at the moment but best value is one bed flats in swindon, £450 a month and prices around 75k
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Northern Red
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« Reply #11 on: Tuesday, November 15, 2005, 14:12:59 » |
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Actually you'd struggle to better that up here.
In Wortley (just better than Penhill) - 2 bed semi - purchase 70k, rent 495 pcm unfurn.
Maybe I could have gone for about 595pcm on my 125k 3 bed semi
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Asher
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« Reply #12 on: Tuesday, November 15, 2005, 14:15:34 » |
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Its all relative really, swindon is a goldmine for buy to let though, ie purchased a 3 bed this week for a client at 65k (unity build so cash purchase) but hes getting £550 a month guaranteed from local authority.
Had thought about up north but would have to pay management etc up there so eats into profit
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Northern Red
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« Reply #13 on: Tuesday, November 15, 2005, 14:18:20 » |
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Had thought about up north but would have to pay management etc up there so eats into profit That's why I sold - I'm off round the world - and to rent I would have been on a full management agreement which equated to about 30% of the monthly rent - so not worth it (wouldn't cover mortgage) |
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Asher
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« Reply #14 on: Tuesday, November 15, 2005, 14:28:02 » |
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good luck with the travels
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