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Unmoderated

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  1. Quite! I wont come off IO unless I have to now. Once house is done I'll simply salary sacrifice the £40K max into a pension and then pay off my mortgage tax free when I take the full PCLS at 25% of the pension pot. Once house is done I might even sell it, cash in and buy something in the South West mortgage free and just live the life. Newly single, no kids (that I know of) and just want an easy and quiet life.
  2. https://www.moneysavingexpert.com/mortgages/best-buys/?journeyType=remortgage&propertyValue=500000&mortgageAmount=375000&term=30&repaymentMethod=InterestOnly&sortBy=MonthlyRepaymentAmount&pageNumber=1&addFeeToBalance=false&productNoFee=false&noEarlyRepaymentCharge=false Knock yourself out . I need to the money for home improvements rather than being a feckless debt junky buying a Range Rover Sport . Getting paid to borrow in real terms.
  3. Yes indeed, I'm looking at a 75% LTV in October Interest Only (taking out a chunk to help fund improvements). I'm seeing deals barely over 1%! Still getting paid to borrow.
  4. I'd bet on it but then the world is turned on it's head. The past two years has just been insane.... and to think I thought about selling up when I split with my ex! Pure luck I decided to stay for another two years while they've been renting/living with fam and friends I think these past couple of years. I'll be re-mortaging soon and I'll be interested in just what's happening in the mortgage market when I trawl through it.
  5. The consequence of blowing half a trill into the economy in twelve months. Paying people to do nowt is inflationary, chucking money at 'businesses' is an expansion of credit which is inflationary on expansion (but not so much when it needs paying back - but you guessed it, they wont be paying that back will they?). This is insane though. I say that as someone that bought in 2017 in the wake of the Brexit vote when the market had calmed a bit, and as someone wanting to take equity out shortly to fund a large extension and refurb. It's mental though. Talking to my brother over the weekend who has three young kids and told me he'll be putting £100 a month for each of them into a savings account so they can use as a house deposit when they're older. I said (not half jokingly) he'd be better off buying a holiday cottage and renting it out plus getting free holidays so that in 25 years he's got a place probably fully paid off which could be split three ways and then you've got a substantial deposit for them. Money is so cheap right now why wouldn't you?
  6. 100% agree. Tax all transfers of wealth at the same marginal rate. Income, CGT, inheritance - the lot. You inherit £100K and earn £150K a year you'll pay 45% on all of that inheritance.
  7. Yeah, so he avoided the BIK and just literally bought the car and banged the full cost through as an expense! He bought it. My former colleague actually viewed his filed accounts. Unbelievable.
  8. Not just billionaires. Colleague of mine (chartered accountant) knows of a contractor that probably makes £80K a year tops. Last year he bought a new 3 series and expensed it through his books and took a full tax deduction. That is of course not allowed but who is checking?
  9. Kinda agree there's a limit to all this but a third of deaths were in care homes that were locked down. What is lost on this argument is that your choices have impacts on others who don't have a choice. Furthermore the greater the number infected the greater the incidence of variants. With mutations it is a numbers game.
  10. In honesty my plan hasn't changed. I used Brexit lull to buy a place and get a good number off the asking price (still too much but what can you do?). It was a project house too but with lots of things they just aren't making in new houses unless you spend big. Open fire, very large plot, rear vehicle access for camper or boat or whatever and walking distance of town. My plan is to finish extending and renovating, sell it tax free and find another, then maybe do one last one and end up with a modest house in a nice location with a nice garden all paid for with tax free capital gain. I'm not running on their treadmill to pay for the boomers and all the younger hangers on a second longer than I need to. That's my plan anyway.
  11. My plan is to sell the second you buy. You are the uberest permabear. If you're capitulating it's 1929.
  12. Agree Count, it's crazy! There was always a few on within 1/4mile of my house but now nothing at all. Every board is sold! The only stuff available is crappy newbuild flats being sold (probably the owners are looking to buy something else). Place opposite me sold for £900K - much nicer and slightly bigger than mine but that's more than double what I paid. I could probably get mine to that standard with £100K. I am starting to think a spot of inflation is coming.
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