MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
Massive edit, feel a twit writing that, its not that bad!
I need to get out more anyway......
Surely one Saturday a month is tolerable..?
It'd be good to start a fresh I think
(Someone has to...) Are they fit?
Given you've been renting, do you know they still live there or still party hard once a month?
I've never understood the obsession in this country for owning a house. If you're happy where you are, why not stay put renting and sell up?
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kja78 - Member
I've never understood the obsession in this country for owning a house. If you're happy where you are, why not stay put renting and sell up?
Don't start that one in here!! I tried a while back but as everyone knows it's far cheaper to buy (still waiting for a definitive costing from anybody)
Invite them round for a drink along with your other neighbours, see how things go [s](keys in the bowl)[/s] then wait. When/If the late night party kicks off have a work in the morning about how it's not on.
Are they fit?
Well?
Don't leave us hanging. It would definitely influence my decision.
One Saturday a month isn't too bad tbh, everyone's gotta kick back sometimes.
One Saturday a month isn't too bad tbh, everyone's gotta kick back sometimes.
I know the OP is off but 1 saturday party a month I would have no issues with, 1 party a month that goes till 8am and I'd be a very angry man.
Welcome to the forum.
As for the topic, one Saturday a month seems ok.
One Saturday every month isn't that bad even if the cream stings a bit.
It will soon clear up and then you'll be able to go wee-wees again
Chin up!
haha cheers Jamie.
Half the time I never post anything, once you've typed it out the answers usually pretty much there in front of you....
650b wheels make the trails come alive.
I've never understood the obsession in this country for owning a house. If you're happy where you are, why not stay put renting and sell up?
Heretic! Bomb him with owners.
26" wheels are dead.
Don't start that one in here!! I tried a while back but as everyone knows it's far cheaper to buy (still waiting for a definitive costing from anybody)
On a month-by-month basis? I was paying 450 a month for a 2 bed pokey flat on a main road with no drive, I now pay 410 a month mortgage for a 3 bed semi with 5 car drive space, gardens all round and a garage, 300 yards away from the flat which still rents at the same price. All other bills roughly equal. What additional costing do you want to factor in?
Maintenance, Improvements, agents & solicitors fees, stamp duty, mortgage arrangement fees and all the rest.
There was some research over here in Oz where rental and mortgage prices are a bit more different (or more like the UK will be when they put interest rates back somewhere sensible) comparing lifetime ownership costs of houses. It was interesting stuff.
If I want to live in a house with a nicer kitchen as a tenant it costs me the rental difference if any. If I need a house with more bedrooms in the short term it's just the rental difference. If I change jobs and move there are no massive fees. In a mobile society where people are not living in one place for 10-15 years renting may make more financial sense. Measuring it on a month by month basis isn't looking at the overall costs. A boiler blow up can blow your monthly comparison out of the water.
Also assuming house price growth ahead of income/inflation again would be very ambitious.
Maintenance, Improvements, agents & solicitors fees, stamp duty, mortgage arrangement fees and all the rest.
Maintenance - none needed so far in 3 years, but clearly will in 25 years im sure, but I'll own the property at the end which I wouldn't with rental so you'll have to take the maintenance of 25 years from the final house value. Say it needs a full roof retile and a dozen paint jobs it's still not going to be a loss!
Improvements - not really fair, wouldn't do a patio for a rented house etc and wouldn't expect "improvements" from the landlord.
Agents/solicitors fees - 800 one off.
No stamp duty
No fees on mortgage.
A boiler blow up can blow your monthly comparison out of the water
Nah, a new boiler would barely set me back a month's mortgage and last me a decade.
Also assuming house price growth ahead of income/inflation again would be very ambitious.
I'm assuming it stays the same "value" - i.e. I don't expect to gain from selling at the end.
I disliked renting for a vast number of reasons. Not least because I got asked to leave because the owner felt like she might want to sell, then didn't. Not least because there was monthly inspections and no bloody privacy. If I wanted to rent bigger, I couldn't as there were none around, but a few villages over there were and they were approx 50% more a month. Doesn't take long for that to grow spectacularly.
I could run the numbers, but I think it only makes sense to rent if you plan to move around a lot or are very indecisive.
Agents/solicitors fees - 800 one off.
No stamp duty
No fees on mortgage.
Until you move or change your mortgage.
wouldn't do a patio for a rented house etc and wouldn't expect "improvements" from the landlord.
Nope we just move it's that easy, did that 6 months ago much nicer house very similar price. Current rental is about 300 quid a month cheaper than buying it.
The last place we had in the UK was much cheaper to rent than it would have been to buy, so still better off renting. The key part is to bank the money that is the difference between the rental and the mortgage which is then the funds you use to house yourself after the "25 year term". The UK market is still a bit out due to the extremely low interest rates and the huge bubble from the late 90's/early 00's that has slightly deflated rather than burst. A 2% change would probably make you worse off on monthly repayments alone.
I don't have all the numbers here but I will dig out the report. It's not as black and white as Buying better renting worse.
I'm also of the opinion that buying is not necessarily the best option over renting. Wouldn't the type of mortgage affect the equation?
An interest only repayment still requires for the loan capital to be repaid at the end of the loan term. So whilst in times of low interest rates, the monthly expense may be lower, however, it is important for the home buyer to be aware that any possible increase in interest rates leaves the 'home owner' at the mercy of variable factors outside of their control.
Okay, fixed rate mortgages can be secured for short periods of time, but rarely for the full term.
Unfortunately, the choice in the UK is being reduced year by year as the buy to let market has increased. It effectively means that rents will probably rise as interest rates rise anyway, as landlords try to reduce their liabilities.
Either way, its all ****ed up, damned if you do,damned if you don't.
I bought because it was cheaper per month but mostly because my kids will get the house which will give them a nice egg once I croak it as I intend to spend my pension and other pennies before that.