joined the property ladder - SV650.org

Bibio · 11-04-17, 10:02 PM

as of the 20th last month i now own my house, just waiting for the titles to come from the land registry

andrewsmith · 12-04-17, 06:51 AM

Well done mate
When's the extension and workshop being built

Sent from my MotoG3 using Tapatalk

shiftin_gear98 · 12-04-17, 09:24 AM

Congrats. ( edit - little smiley face was a bit naf on it's own. - ☺)

SV650rules · 12-04-17, 09:36 AM

Congrats bet its a good feeling - Imagine your house is a workshop with living accommodation ? or a normal house with plenty space for future expansion LOL

DarrenSV650S · 12-04-17, 09:37 AM

Own as in payed off mortgage? If so that must be a great feeling!

Bibio · 12-04-17, 12:48 PM

thanks peeps.

yes my house is a workshop.. lol

3 bed end terrace. acquired from the council with 59% discount. no mortgage, paid cash (inheritance).

i was in two minds just to blow the cash or buy the house. i wont ever see any gain from buying the house but my kids will. with the way council housing and rules are going i was reluctant to get kicked out of this house and downsized into some shizzy little pensioner/disabled house in later years.

shiftin_gear98 · 12-04-17, 01:06 PM

Mortgage free.

Nice. Only 23 1/2 years till I can say the same.

timwilky · 12-04-17, 01:20 PM

When I made my final payment and the place became mine. It was a wonderful feeling to know nobody can ever take it off you.

In my case the mortgage rates went through the roof in the mid eighties, I never reduced my repayments when the went down and as a result paid off 10 years early.

Congratulations on investing in your kids inheritance. Don't be fooled. It is a place to live. Not an asset to be exploited. That is there job.

WTF..... Someone pass me my shotgun. There is an idiot on the drive waving a compulsory purchase order. Who said they cannot take it off you!

maviczap · 12-04-17, 08:50 PM

Cool nice one Bib

Paid our mortgage off when my wife came into some money

Heorot · 13-04-17, 11:46 AM

Quote:

Originally Posted by timwilky

When I made my final payment and the place became mine. It was a wonderful feeling to know nobody can ever take it off you.

In my case the mortgage rates went through the roof in the mid eighties, I never reduced my repayments when the went down and as a result paid off 10 years early.

Congratulations on investing in your kids inheritance. Don't be fooled. It is a place to live. Not an asset to be exploited. That is there job.

WTF..... Someone pass me my shotgun. There is an idiot on the drive waving a compulsory purchase order. Who said they cannot take it off you!

Similar to me except that my mortgage was taken when the interest was 9% and then went up. With 2 incomes we were saving for a holiday as well as paying the mortgage when we realised that by using the holiday money to pay a years mortgage in advance we could reduce our 15 year mortgage to 10 years. Then we got divorced and the settlement meant a new mortgage.

11-04-17, 10:02 PM	#1
Bibio Member Mega Poster Join Date: Jul 2008 Location: here as devil's advocate Posts: 11,569	joined the property ladder as of the 20th last month i now own my house, just waiting for the titles to come from the land registry

12-04-17, 06:51 AM	#2
andrewsmith Member Mega Poster Join Date: Apr 2010 Location: Newcastle upon Tyne, Just south of salad dodging country Posts: 7,750	Re: joined the property ladder Well done mate When's the extension and workshop being built Sent from my MotoG3 using Tapatalk __________________ RIP Reeder 20/07/1988 - 21/03/2012. Always missed squire!!! Every year we meet old friends, gain some new ones, lose old ones and you always remember them all. “Live as if you were to die tomorrow. Learn as if you were to live forever.” Mahatma Gandhi

12-04-17, 09:24 AM	#3
shiftin_gear98 Member Join Date: Mar 2013 Location: At home Posts: 756	Re: joined the property ladder Congrats. ( edit - little smiley face was a bit naf on it's own. - ☺)

12-04-17, 09:36 AM	#4
SV650rules Member Mega Poster Join Date: Nov 2016 Location: Shropshire UK Posts: 1,365	Re: joined the property ladder Congrats bet its a good feeling - Imagine your house is a workshop with living accommodation ? or a normal house with plenty space for future expansion LOL __________________ 2016 SV650 AL7 Courage is resistance to fear, mastery of fear, not absence of fear - Mark Twain Last edited by SV650rules; 12-04-17 at 09:39 AM.

12-04-17, 09:37 AM	#5
DarrenSV650S Member Mega Poster Join Date: Jul 2006 Location: Dundee Posts: 4,414	Re: joined the property ladder Own as in payed off mortgage? If so that must be a great feeling!

12-04-17, 12:48 PM	#6
Bibio Member Mega Poster Join Date: Jul 2008 Location: here as devil's advocate Posts: 11,569	Re: joined the property ladder thanks peeps. yes my house is a workshop.. lol 3 bed end terrace. acquired from the council with 59% discount. no mortgage, paid cash (inheritance). i was in two minds just to blow the cash or buy the house. i wont ever see any gain from buying the house but my kids will. with the way council housing and rules are going i was reluctant to get kicked out of this house and downsized into some shizzy little pensioner/disabled house in later years.

12-04-17, 01:06 PM	#7
shiftin_gear98 Member Join Date: Mar 2013 Location: At home Posts: 756	Re: joined the property ladder Mortgage free. Nice. Only 23 1/2 years till I can say the same.

12-04-17, 01:20 PM	#8
timwilky Member Mega Poster Join Date: Mar 2004 Location: Not in Yorkshire. (Thank God) Posts: 4,116	Re: joined the property ladder When I made my final payment and the place became mine. It was a wonderful feeling to know nobody can ever take it off you. In my case the mortgage rates went through the roof in the mid eighties, I never reduced my repayments when the went down and as a result paid off 10 years early. Congratulations on investing in your kids inheritance. Don't be fooled. It is a place to live. Not an asset to be exploited. That is there job. WTF..... Someone pass me my shotgun. There is an idiot on the drive waving a compulsory purchase order. Who said they cannot take it off you! __________________ Not Grumpy, opinionated. Last edited by timwilky; 12-04-17 at 01:22 PM.

12-04-17, 08:50 PM	#9
maviczap Member Mega Poster Join Date: Mar 2007 Posts: 9,097	Re: joined the property ladder Cool nice one Bib Paid our mortgage off when my wife came into some money __________________ We're riding out tonight to case the promised land Make everyday count RIP Reeder - Jolly Green Giant and comedy genius

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