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House Price Crash Forum

nat172

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About nat172

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  1. no i bought my 1st property at 18 a few years later we split and having sold the propertyi also bought this one im currantly in around 6 months ago. totally regret it now but mortgage Co got me hook line and sinker.. im gonna get estate agents in to value i dont want to lose the 6k i just cant help but think if i dont get out now i will be stuck with the rush of other people in the same position trying to sell their homes too.
  2. I am one of those who bought and SOLD in the last 9 months and i really do want to sell...i put 10% down as deposit ...im 23 years old and dont want to be a debt slave rest of my life..BUT i have one problem...i recieved my settlement figure from my mortgage Co ( im on a 2yr tracker) and to end early they want £6000, which means im lucky if i walk away with my 10% deposit..after EA fees etc i may walk away with 8k if im lucky.... i do really want to sell and rent but just cant bring my self to accept and allow them to have 6k of my money the only little gud thing out of this is that in 16 mo
  3. i cant make my mind up as to if i should sell up or not, i have a mortgage of £71k which isnt alot but as i am single my wage is stretched, i do want to sell and rent (which would be a similar payment each month) i just dont want to stay here to find i will be in neg equity, not at 23 i could live if that happened, i just also dont want rent to find i cant afford get back on the property ladder, i have only been her 6 months and have over 3 IR's already i will possably only clear 13k after EA' fees etc ( my 10%- £7500 deposit is in that also) dont want regret making a mistake.................
  4. Being new to the site i dont know most of your currant position and the obvious name to the site may be a abvious clue, are most of you in rent,(if so for what reason?) or are most of you mortgaged up like i am? (thinking of selling up soon, or will try )Lol
  5. hi well i bought in Jan 07 and put down £10,000 if i was to sell next month takin in account sol and EA fees i should walk away with £13,500, BUT if my memory serves me correctly im in a clause with the lending company which could be around the £3k mark so what do i do would youall stick it out for 2years til the clause ends or cut my losses and rent and be patient til the prices come down ??
  6. hi all im new to the site and when some of you mean crash,at what percentage? is it going to be like 1929? or the 80s?
  7. my house is in Nr Wigan lancashire, i only bought this house im in 6 months ago. yes i will put my money in a savings account, lol i know my decision i just wanted to hear its the right one from you guys my family think if i sell now and rent i wont get back on the property ladder. IMO i think in a couple of years maybe 5 yrs i will andit could be the house i want. not a terrace house im settleing for. Thanks again P.S this site is great !!
  8. Thanks guys for your help, will decorate the bathroom and put it on the market, at the moment i want to concentrate on getting qualified then i can earn more, and renting is cheaper for me at the moment,having interest only mortgage is crap and isdead money so i may as well rent someones house thats cheaper, will wait for prices to come down hope they do in the next 3 years.
  9. Thanks guys for your help, will decorate the bathroom and put it on the market, at the moment i want to concentrate on getting qualified then i can earn more, and renting is cheaper for me at the moment,having interest only mortgage is crap and isdead money so i may as well rent someones house thats cheaper, will wait for prices to come down hope they do in the next 3 years.
  10. its only a 2 bed terrace the front bedroom (mine) being massive and the box room being a box room, dont think it would rent tbh, at the mo im payin 436 plus £160 bills/insurance policys etc.then car insurance if i was to rent with my friend i would be payin £300 max all in each month giving me more money to save and with the money from the house i could put in a high interest saving account, i would walk away from the house with £14k ,so i would have a good deposit for when they do drop and also be able to afford go back to uni part time and finish my surveying course off.
  11. hi all, and what a great forum,i registered a while ago and mainly just observed the posts. my problem is at 18 i bought my 1st property in 2002 and have done ok with property until me and my partner split up, now im 23 living alone in my house with a 10% ,4x times my salary in feb when i moved in i was payin 388pm interest only which is dreadful but with debt from my partner meant i couldnt afford repayment,since i been here a few months interest rates have gone up 4 times and im now payin 436pm...( alarm bells start to ring)..im thinking of selling as im struggling to have a life with my i
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