View Full Version : Light at the end of the tunnel.
timwilky
16-07-07, 08:18 PM
T'is good news. My lad has had his mortgage application approved. With a bit of luck he should be finally gone in a couple of weeks.
Now on which web site do I post about his house warming party. Give him a taste of his own medicine.
Still I am proud of him, only 20 and buying his own house. or is it he has had enough of his nasty old dad.
Wideboy
16-07-07, 08:38 PM
hmm me needs to start thinking about that
LOL well done to you firstly for helping him out as you tend to do (from what I read on here at least) and well done to him :)
no reason to post anywhere else apart from on here ;) we'll come around and that should be enough :D no wonder camping sites are scared of us
Post here if you want him to be descended upon by bikers - or MySpace if you want him to be descended upon by nerds. ;)
T'is good news. My lad has had his mortgage application approved. With a bit of luck he should be finally gone in a couple of weeks.
Now on which web site do I post about his house warming party. Give him a taste of his own medicine.
Still I am proud of him, only 20 and buying his own house. or is it he has had enough of his nasty old dad.
20 & he can afford a house?
I'm living in rented accomodation dreaming about my own space.
He a millionaire?
the_runt69
17-07-07, 08:28 AM
Your still alive then Tim, Glad to see at least your kids are thinking of leaving home, dont think the daughter ever will (mind you she's only just coming up 18) She cant cook, doesnt seem to know how the hoover works and certainly cant iron to save her life.
timwilky
17-07-07, 12:28 PM
Your still alive then Tim, Glad to see at least your kids are thinking of leaving home, dont think the daughter ever will (mind you she's only just coming up 18) She cant cook, doesnt seem to know how the hoover works and certainly cant iron to save her life.
Sounds a bit like my lad. Boy is his girlfriend going to have fun. He has never washed a pot in his life. Cooking means warming up somebody elses effort by putting it on full power in the microwave. He doesn't know how to drive the washing machine, vacuum cleaner etc.
Still he will get his revenge on her. He has told her she will need to start looking for a job.
He isn't a millionaire. House prices whilst scary are not London. He is buying
an 8 year old tiny 2 bed semi for £140,000 in a decent location. He doesn't earn a huge amount. but what he does is work. He tends to leave home at about 6:30 and most days does not get back until about 9:30-10.00PM. He is a tiler working on fitting out new builds. He is paid by the metre. So whilst it is light in the summer months he is putting the hours in and reaping the reward. The downside, he never gets to see his baby
Filipe M.
17-07-07, 01:03 PM
The downside, he never gets to see his baby
Downside is too soft a word...
he needs to build a reputation so he needs to work hard and long hours, quiet a few young people do (me included)
at least that's the way i see it - there will be a time (I hope soonish) where he will be in a position to work a bit less and see his baby more!
but again congrats to him! he is doing the right thing and obviously he has the support of his family which is important (trust me I know!!)
timwilky
20-08-07, 11:24 AM
Just been told that he is today going to sign the contract. Whilst it has taken some time, there is definitely light at the end of the tunnel.
Whilst not a palace. It is not bad for his first plac (http://212.50.188.106/cgi-win/vebra.cgi?details1?src=vebra&PropertyCode=1013015/THEEL/18927/15)e
If you don't mind me asking - who is he getting his mortgae from and over what period?
My lad wants to move out but can't get the maths to work out so that he can afford it so any pointers would be appreciated.
Thanks
He's obviously going in the right direction regardless - if he can get onto the ladder now go for it. Just wish my folks had the good sense to encourage me to do the same.
timwilky
20-08-07, 11:49 AM
If you don't mind me asking - who is he getting his mortgae from and over what period?
My lad wants to move out but can't get the maths to work out so that he can afford it so any pointers would be appreciated.
Thanks
He has gone with an organisation called GMAC RFC, over 25 years. His first 2 years are capped at 6.05%. He has not discussed the purchase at all with me, and dealt with an IFA. In order to answer your questions I was naughty and looked at his documents. So a little surprised to see he had gone for an interest only mortgage. However I am not totally shocked, as I would expect the property value and his future salary to increase and would expect him to convert to a traditional capital & interest arrangement once he can afford it.
It looks very nice, I hope he'll be happy there.
He has gone with an organisation called GMAC RFC, over 25 years. His first 2 years are capped at 6.05%. He has not discussed the purchase at all with me, and dealt with an IFA. In order to answer your questions I was naughty and looked at his documents. So a little surprised to see he had gone for an interest only mortgage. However I am not totally shocked, as I would expect the property value and his future salary to increase and would expect him to convert to a traditional capital & interest arrangement once he can afford it.
Cheeers mate I'll check them out :thumbsup:
kwak zzr
22-08-07, 05:42 PM
tiler, yep hes a millionaire or at least he will be if he sticks at it.
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