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By (user no longer on site)
over a year ago
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Do you mean purchase their share of the equity and take over their share of the mortgage so they are released from the mortgage covenants and you are sole owner ?
Yeah I have ( had 3 husbands ) its cost me a bloody fortune over the years lol
Fire away with questions - Im a big headed know it all with most things related tobproperty and mortgages  xx |
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"Do you mean purchase their share of the equity and take over their share of the mortgage so they are released from the mortgage covenants and you are sole owner ?
Yeah I have ( had 3 husbands ) its cost me a bloody fortune over the years lol
Fire away with questions - Im a big headed know it all with most things related tobproperty and mortgages xx "
I would be interested in your personal opinion of what you expect from the housing market in the few years. For context i started a thread on our situation here: https://m.fabswingers.com/forum/lounge/640042#top
There is a guy convinced a 30% crash is just around the corner. I'm not. I'd be interested in your opinion. |
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"Do you mean purchase their share of the equity and take over their share of the mortgage so they are released from the mortgage covenants and you are sole owner ?
Yeah I have ( had 3 husbands ) its cost me a bloody fortune over the years lol
Fire away with questions - Im a big headed know it all with most things nrelated tobproperty and mortgages xx "
no hubby number 4 then  |
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By (user no longer on site)
over a year ago
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Opinions are just that !
Get 10 experts in for an opinion , 1 may be right, 9 will probably be wrong , yet they are all experts !
I speak as a qualified adviser !!
Buy a property for somewhere to live ! No one can second guess what will happen in the market |
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"Opinions are just that !
Get 10 experts in for an opinion , 1 may be right, 9 will probably be wrong , yet they are all experts !
I speak as a qualified adviser !!
Buy a property for somewhere to live ! No one can second guess what will happen in the market "
We can measure the predictions of individual's and their accuracy over time. Doing so shows that some people have a much better grasp of probability than others. I think what you mean is that many people held up as experts aren't!? |
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By (user no longer on site)
over a year ago
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"I would be interested in your personal opinion of what you expect from the housing market in the few years. For context i started a thread on our situation here: https://m.fabswingers.com/forum/lounge/640042#top
There is a guy convinced a 30% crash is just around the corner. I'm not. I'd be interested in your opinion. "
A friend and I noted lots of mortgage lenders going belly up early in 2007. Had I been looking to buy this would have been the only indication of the trouble ahead. Everything else looked pretty hunky dory. What is the situation today? Are there any troubling issues that suggest the UK economy may be in for some trouble?
Of course. Almost every aspect of our economy has come to a halt under the concern that what lies ahead may not be as good as what lies behind. The fact that major banks are seriously considering relocating to Europe. The fact that even corporations are holding their breath. All this suggests you should be looking to buy either because you absolutely have to or because you're going to stay there for a long time. If there are economic problems related to brexit these may take decades to ride out
Will the housing market fall? I think it's possible, especially if enough immigrants leave and demand drops. Is this likely to happen? Well it's a tory pledge so you can't be sure it won't. Will the housing market stall, potentially for a decade or two? Maybe. Does anyone know? Of course not. It's all about making a personal assessment of what you believe to be the risks involved. I think, however, it would be foolish to advise anyone that house prices are likely to rise anytime soon |
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By (user no longer on site)
over a year ago
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"Do you mean purchase their share of the equity and take over their share of the mortgage so they are released from the mortgage covenants and you are sole owner ?
Yeah I have ( had 3 husbands ) its cost me a bloody fortune over the years lol
Fire away with questions - Im a big headed know it all with most things related tobproperty and mortgages xx
I would be interested in your personal opinion of what you expect from the housing market in the few years. For context i started a thread on our situation here: https://m.fabswingers.com/forum/lounge/640042#top
There is a guy convinced a 30% crash is just around the corner. I'm not. I'd be interested in your opinion. "
I think it depends where the house is and other factors. I live in Greater London and I took big risks with mortgages etc before the MMR ( mortgage rules ) came in in 2014. I bought sold and rented and wont ever be moving again as Im set now for life. Now its harder to speculate like that as its harder to borrow on residential mortgages now. Properties in London have heavily increased. However properties in the North East have remained almost stagnent for the last decade.
If I had listened to the nay sayers and its all about to crash over my 30 years of property owning, I wouldnt be where I am now. Rents have significantly increased. Changes in tax allowances and 3% extra stamp duty may change the situation again. Who knows? And like said above a house is a home primarily
My personal view is property if ever considered as an investment is LONG TERM and if you look back over the past 10 years in an area - its a very broad indication of what may happen in the future 10 years - save for regeneration projects etc - its how I made my money ( well one of the ways lol ) x |
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"Do you mean purchase their share of the equity and take over their share of the mortgage so they are released from the mortgage covenants and you are sole owner ?
Yeah I have ( had 3 husbands ) its cost me a bloody fortune over the years lol
Fire away with questions - Im a big headed know it all with most things related tobproperty and mortgages xx
I would be interested in your personal opinion of what you expect from the housing market in the few years. For context i started a thread on our situation here: https://m.fabswingers.com/forum/lounge/640042#top
There is a guy convinced a 30% crash is just around the corner. I'm not. I'd be interested in your opinion.
I think it depends where the house is and other factors. I live in Greater London and I took big risks with mortgages etc before the MMR ( mortgage rules ) came in in 2014. I bought sold and rented and wont ever be moving again as Im set now for life. Now its harder to speculate like that as its harder to borrow on residential mortgages now. Properties in London have heavily increased. However properties in the North East have remained almost stagnent for the last decade.
If I had listened to the nay sayers and its all about to crash over my 30 years of property owning, I wouldnt be where I am now. Rents have significantly increased. Changes in tax allowances and 3% extra stamp duty may change the situation again. Who knows? And like said above a house is a home primarily
My personal view is property if ever considered as an investment is LONG TERM and if you look back over the past 10 years in an area - its a very broad indication of what may happen in the future 10 years - save for regeneration projects etc - its how I made my money ( well one of the ways lol ) x "
That's sort of my feelings, Reading has a great job market and although prices are high, they are broadly proportional to local wages unlike london. So even if the nation dipped 30% i don't see Reading doing that. The poster above mentioned mortgage lending, It's not like the banks are going crazy with 100% mortgages or anything like in 2008. My parents cashed out in 2008 because it was so blindly obvious the market was overheated, i don't see the same signs now but i could be wrong. |
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