CanAffordWontPay
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skipton Lisa finally available
CanAffordWontPay replied to longgone's topic in Cash ISA's and Savings Accounts
We do plan to buy at some point so it made a bit of sense for us to go with the LISA. Had we not had the option to the use of it on a house I doubt we would have bothered with it. The LISA comes with a lot of restrictions and who knows where the rules will go with it in the future. Seems like the uptake hasn't that positive at the moment either. You're probably better off sticking with either a penion or using as much of the your annual isa allowance as possible. But again, who knows where the government plan to go with all these schemes. -
skipton Lisa finally available
CanAffordWontPay replied to longgone's topic in Cash ISA's and Savings Accounts
I opened a LISA with nutmeg to get the clock rolling. Will transfer to Skipton once I've received the bonuses. I had read contradictory comments online as to whether they keep your original anniversiy date. -
I'm seeing some bizarre behaviour on the Hampshire/Surrey border. Particularly from one estate agent (Charters). But generally speaking, properties aren't selling and with each new listing, the prices creep up. It's now at a point where new builds are the same price or cheaper as smaller well worn in properties.
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I wonder the same could be said about Libya, Afgahistan, Iraq etc. Or how about with whats going on in Yeman? A good of show force though from Blighty. Sending in 4 tornadoes likely built in the 80's. I wonder if we can muster up a ship to deliver the advanced platform of the F-35 .
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Would be looking at circa 100% increase in mortgage payments versus rent, however, that's buying a larger place than what we currently rent. If we were staying in the area long term we would probably capitulate and buy. When, what and where though is a tough one. Only decent houses really for sale are 4 bed detached. Then I don't want to stretch that far, nor have to deal with the extra costs and maintenance that come with a property that big. Nonetheless, we've decided we're moving within the next few years. Somewhere cheaper in the UK (maybe abroad) and will be buying cash/fixed for the term and we're going to work less. I have no desire to slog it out anymore.
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30% of our current joint salaries would buy is a half decent place in Hampshire, however, I'm personally not comfortable with it. Either borrowing that kind of money or servicing it. Each to their own though. Wouldn't take much of a circumstance change for the pressure to pile on.
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I'm in a similar position mate. I've just started on the journey of building my own portfolio. They were other silver vehicles I had found while researching. I had sided with ishares (although not purchased yet) mainly down to the on-going charges. The KID says 0.36% although HL is now saying 0.40%.
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Halifax house price index - March 2018
CanAffordWontPay replied to rantnrave's topic in House prices and the economy
https://static.halifax.co.uk/assets/pdf/mortgages/pdf/March-2018-House-Price-Index.pdf -
30% pay rises for NHS workers.
CanAffordWontPay replied to TheCountOfNowhere's topic in House prices and the economy
For new starters without any experiance this is definetely the case. People with experiance (gained outside of NHS) it is trust dependent. From the 5 or 6 trusts/hospitals that my partner was offered jobs with, only one offered a straight salary match. Most only offered the bottom increment and didn't want to discuss it. Since being in the NHS, she recently was offered a job with a different trust, they would only give an increment for each full year of experiance. Seems to me, for the most part talent is secondary to budget, little is up for a discussion/negtioation and they'll take whoever will do the job. -
30% pay rises for NHS workers.
CanAffordWontPay replied to TheCountOfNowhere's topic in House prices and the economy
Not sure if this has already been posted but this is the proposed new pay scales: https://static1.squarespace.com/static/5a857514bff200aa36889e06/t/5ab28e16575d1ffb4cdd0c51/1521651255969/Pay+journey+tracker+-+manual+version2.pdf people at the bottom to mid of the pay bands will do fairly well over the next few years. Anyone near the top of a band may feel a bit aggreived as colleagues with less service catch them up. -
Who said it was going to bankrupt them? I'm merely stating what may seem like a small increase will have an impact for people who are stretched. Additionally it's not quite as simple as what you're making it out to be. Your working on the basis of intial/introudctory/lower ltv mortgage rates. Although subjective the majority of houses selling around here appear to be HTB. As we've seen recently there are few offering remortgages for these types of owners. From what I've experienced the typical buyer of HTB is someone who probably shouldn't be buying a house at these prices in the first place. They've barely managed to scrape a 5% deposit together (usually the majority coming from BOMAD). Once their HTB loan fees kick in, plus interest rates on their mortgages revert to 5%+, several hundred pounds (maybe as much as £800) across the board will make a difference. These people are heavily laden with debt; student loans, cars, credit cards etc. On the face of it, appear to make no adjustments to their lifestyle/expenditure, which I can only assume is adding to the debt.
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Property Lion price drop tool
CanAffordWontPay replied to TheCountOfNowhere's topic in House prices and the economy
Oops, forgot to mention that the above listing is being advertised with four estate agents concurrently -
Property Lion price drop tool
CanAffordWontPay replied to TheCountOfNowhere's topic in House prices and the economy
I would be interested but don't currently have linux installed. I could dual boot or run a virtual version so if you're don't get the uptake let me know. Out of interest how will it track something like the below? Also can it be set to scrape a large area and return the biggest price drops? -
Casual Dining - the contrarians contrarian view
CanAffordWontPay replied to reddog's topic in House prices and the economy
Wallets are coming with RFID blocking technology now so people do have the option to take precautions. Not that many will as people only tend to care after the fact. -
Casual Dining - the contrarians contrarian view
CanAffordWontPay replied to reddog's topic in House prices and the economy
In Guildford the other week; Nandos, Five Guys and Yo Sushi were full. The rest seemed empty, however I was only walking through so couldn't tell for certain. In my opinion there is appetitie for eating out, quality nor price is the driver, its just more about the scene/branding. Jamies/Prezzo/Carluccios' aren't really offering the diner anything. -
Mortgage approvals in free fall
CanAffordWontPay replied to Mapatasy's topic in House prices and the economy
I know from aquantiances total amount is rarely considered. The monthly figure is all they care about...."it's the same amount as I pay in rent each month". £300k+ borrowed over 30 years attracts quite the sum in interest payments. I doubt they ever sit down and do the maths on current rates, let alone if we get double figures. -
Mortgage approvals in free fall
CanAffordWontPay replied to Mapatasy's topic in House prices and the economy
Just a slight decrease compared to febuary 2017. With that said remortgaging did pick up a bit. I assume people taking advatange of the low rates before the inevenitable rate hikes