Jump to content
House Price Crash Forum
gruffydd

Selling Car To Afford A House

Recommended Posts

Just spoke to a meedya guy who mentioned, in passing, that he was selling his car because he was moving. WHYYYYYYYYY I asked? Need the extra cash to afford a house and can't afford to rent no more. (LONDON)

Share this post


Link to post
Share on other sites

Probably going interest only, use that to get on the ladder as it will work out cheaper than renting, and then use the spare income to get rid of any credit card debt perhaps, and then put this extra money into his morgage when he can by converting it over to repayment.

Couple that with some pay rises/career progression, and he's onto a winner.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.