[dazmond]

Danny all the house and car thieves that live near me mate.they don't rob on their own doorstep...they travel to the nicer areas .....

Daz I lived in a crappy area of Warrington for nearly 10 years. Constantly being wary of the scroungers and dossers gets tiring very quickly, quality of life was rubbish.

Living and owning a property now in a “affluent area” is easily the best life decision I’ve made, and my mortgage is only a couple hundred quid a month more than you pay to rent your flat, and I’ll own it outright in 20 years so payments stop altogether then.

Owning >>>>>>>> Renting

My missus lives in a nice part of Warrington so ill be sorted when her kids move out in another few years mate....

[Steven Biggs]

You can rent a 4 bed detatched in Middlesbrough for about £4.75 a month . 

[Spruce]

 

You can rent a 4 bed detatched in Middlesbrough for about £4.75 a month . 

 

[Tom-01]

Jeez, my mortgage is £1,700 a month. Makes me laugh when northerners get jealous of pricing down here. That said, I doubt salaries are vastly different.

😱 Very few people i know up here have that sort of mortgage, mainly because mortgage companies will only lend 4 or 5x salary so you must be able to show very healthy income. I’d hate that level of debt but you’ll be laughing once it’s paid off.

But you still have to pay to live somewhere, so if you can get a mortgage it's worth it. You reduce mortgage payments overtime and if you overpay you reduce the payment time as well.

Our mortgage is £1600 a month, which is roughly what we would pay rent, so by having a plan we were able to save the deposit, stamp duty etc and when we remortgage after two years we'll be paying less per month. 

It's a bit of a minefield at first especially being self employed but it makes you organised and think about things differently.

[Stoots]

I can't see myself ever having a mortgage, at least not anytime soon.

Not too bothered really. I'll just have to earn plenty to pay rent.

[deeege]

Jeez, my mortgage is £1,700 a month. Makes me laugh when northerners get jealous of pricing down here. That said, I doubt salaries are vastly different.

😱 Very few people i know up here have that sort of mortgage, mainly because mortgage companies will only lend 4 or 5x salary so you must be able to show very healthy income. I’d hate that level of debt but you’ll be laughing once it’s paid off.

But you still have to pay to live somewhere, so if you can get a mortgage it's worth it. You reduce mortgage payments overtime and if you overpay you reduce the payment time as well.

Our mortgage is £1600 a month, which is roughly what we would pay rent, so by having a plan we were able to save the deposit, stamp duty etc and when we remortgage after two years we'll be paying less per month. 

It's a bit of a minefield at first especially being self employed but it makes you organised and think about things differently.

Completely agree. There’s not many self employed window Cleaners that will be able to get a mortgage that is £1600 repayments though. Fair play to you, you must have a solid business built up (or a wife with a very good job)

[dazmond]

Jeez, my mortgage is £1,700 a month. Makes me laugh when northerners get jealous of pricing down here. That said, I doubt salaries are vastly different.

😱 Very few people i know up here have that sort of mortgage, mainly because mortgage companies will only lend 4 or 5x salary so you must be able to show very healthy income. I’d hate that level of debt but you’ll be laughing once it’s paid off.

But you still have to pay to live somewhere, so if you can get a mortgage it's worth it. You reduce mortgage payments overtime and if you overpay you reduce the payment time as well.

Our mortgage is £1600 a month, which is roughly what we would pay rent, so by having a plan we were able to save the deposit, stamp duty etc and when we remortgage after two years we'll be paying less per month. 

It's a bit of a minefield at first especially being self employed but it makes you organised and think about things differently.

no wonder you have to charge such high prices if you live down south.thats absolutely crazy money just to pay the rent/mortgage......

thats £19,200 A YEAR compared to my £3,600 A YEAR.....a difference of £15,600!!that difference pays for both my van and car leases for the year,my whole years food shopping,gas and electric bills,water rates,council tax,tv licence etc and a years diesel to heat my webasto boiler!

[deeege]

Jeez, my mortgage is £1,700 a month. Makes me laugh when northerners get jealous of pricing down here. That said, I doubt salaries are vastly different.

😱 Very few people i know up here have that sort of mortgage, mainly because mortgage companies will only lend 4 or 5x salary so you must be able to show very healthy income. I’d hate that level of debt but you’ll be laughing once it’s paid off.

But you still have to pay to live somewhere, so if you can get a mortgage it's worth it. You reduce mortgage payments overtime and if you overpay you reduce the payment time as well.

Our mortgage is £1600 a month, which is roughly what we would pay rent, so by having a plan we were able to save the deposit, stamp duty etc and when we remortgage after two years we'll be paying less per month. 

It's a bit of a minefield at first especially being self employed but it makes you organised and think about things differently.

no wonder you have to charge such high prices if you live down south.thats absolutely crazy money just to pay the rent/mortgage......

thats £19,200 A YEAR compared to my £3,600 A YEAR.....a difference of £15,600!!that difference pays for both my van and car leases for the year,my whole years food shopping,gas and electric bills,water rates,council tax,tv licence etc and a years diesel to heat my webasto boiler!

The thing is though Daz, out of that £19,200.00 that he pays every year, I’d estimate that roughly £16,000.00 is paying off equity, therefore it is exactly the same as putting that money into the bank. The remaining £3,200.00 will be interest on the mortgage, which is a similar amount to what you pay every month in rent.

Therefore you both pay the same in interest/rent/money that you won’t ever get back.  The difference is though that in 20 odd years he’ll own his £500k + house outright, and can live there for free for the rest of his days, or sell it and retire abroad, whereas you’ll be paying rent on your flat for the rest of your life.

I know which I’d rather be doing.

[dazmond]

Jeez, my mortgage is £1,700 a month. Makes me laugh when northerners get jealous of pricing down here. That said, I doubt salaries are vastly different.

😱 Very few people i know up here have that sort of mortgage, mainly because mortgage companies will only lend 4 or 5x salary so you must be able to show very healthy income. I’d hate that level of debt but you’ll be laughing once it’s paid off.

But you still have to pay to live somewhere, so if you can get a mortgage it's worth it. You reduce mortgage payments overtime and if you overpay you reduce the payment time as well.

Our mortgage is £1600 a month, which is roughly what we would pay rent, so by having a plan we were able to save the deposit, stamp duty etc and when we remortgage after two years we'll be paying less per month. 

It's a bit of a minefield at first especially being self employed but it makes you organised and think about things differently.

no wonder you have to charge such high prices if you live down south.thats absolutely crazy money just to pay the rent/mortgage......

thats £19,200 A YEAR compared to my £3,600 A YEAR.....a difference of £15,600!!that difference pays for both my van and car leases for the year,my whole years food shopping,gas and electric bills,water rates,council tax,tv licence etc and a years diesel to heat my webasto boiler!

The thing is though Daz, out of that £19,200.00 that he pays every year, I’d estimate that roughly £16,000.00 is paying off equity, therefore it is exactly the same as putting that money into the bank. The remaining £3,200.00 will be interest on the mortgage, which is a similar amount to what you pay every month in rent.

Therefore you both pay the same in interest/rent/money that you won’t ever get back.  The difference is though that in 20 odd years he’ll own his £500k + house outright, and can live there for free for the rest of his days, or sell it and retire abroad, whereas you’ll be paying rent on your flat for the rest of your life.

I know which I’d rather be doing.

no i wont danny my brothers a millionaire mate.....

[Tom-01]

Ah, so a freeloader in waiting!  I don't have any rich family members, and don't desire to be rich. But I like to work and see the benefits from my hard work, and have a plan for the future. Each to their own mate if you can live in a council flat for £300 and get bankrolled fair play!

[Stoots]

Or daz could (if he was smart) take that 16k per year for 20 years and invest it into something much more profitable.

[Steven Biggs]

So Dazmond . You plan on moving in with your girlfriend . I think her family might have something to say about an alcoholic , sponging , window cleaner with no assets and two vehicles on the never never . Oh nearly forgot a drum kit as well . 

[dazmond]

So Dazmond . You plan on moving in with your girlfriend . I think her family might have something to say about an alcoholic , sponging , window cleaner with no assets and two vehicles on the never never . Oh nearly forgot a drum kit as well . 

 

shes asked me to move in with her a few times but theres no room for me at the moment(which suits me TBH!)

PS.im not an alcoholic mate....or a sponger...ive always worked pal...

[Steven Biggs]

 I know your not an alcoholic or a sponger mate . I was just trying to exaggerate the reputation window cleaners have . Good on yeh anyway low over heads and cash in your pocket . Can't fault you . Except that diesel heater .  enjoy the new car, you  boy racer