Mortgage advice needed!!

[pedsi]

Id like to hear your oppinion folks on a situation thats giving me a bit of a headache at the minute.Im curently being put under pressure by my family to take on a mortgage and buy the flat that I am renting from my sister here in Scotland.....the problem is as you can immagine my view of the world and the whole economic situation is totally different from theirs.
I do admit tho that if I saw things the way they do this would be a very good oppertunity to get on the housing ladder indeed.Its difficult trying to explain to someone who has made money from property all her days that I dont see buying this flat at a slightly reduced price as a good idea.
Its proving to be a real test of my convictions of everything Ive become aware of over the last couple of years.:confused:

[space lizard]

If you dont buy property because of the world view that aliens are comming in 2012 then your committing to a "loose loose" situation. If they come, your fucked. And if they don't come "your fucked".

I know a lot of people in here will advise you to attain oneness and live under the stars. But in this reailty it could get to be a pain in the bollocks in scotland.

Anyway, my advice would be. If you can aford the place and are happy in your job then go for it. Remember David Icke talks about the bank scams of recession and inflation having the goal of ripping people off so they can attain bricks and mortar. Because they hold value / reattain their value.

other than that, my real advise would be to move to a country where houses are much more affordable and the bastards are not in total power. But that up to up to achieve.

- If you were smart, you would take a close look at Dick Cheneys investment portfolio and follow suit.

- PS, America will be down the shitter a long time before scotland. So you'll have fair warning.

[space lizard]

final advise would be to keep saving and have as much of a down payment as possible. the less you borrow from these fucks, the less you pay back times 3. And in this fucked up american led world. I don't anticipate house prices rising skywards for ten years non stop.

Save up and hold on to the cash - then when you have half the money buy a flat.

[space lizard]

Here's a better Idea.

follow Dick Cheneys investment portfolio and save up loads. Then wait for the financial meltdown like a vulcher. Withdraw your money just before it happens (this will be indicated by the media telling us how everything is going up). Swoop on a flat when the owners been made redundant and the debt collectors are running amok because all the idiots have over borrored and are selling dirt cheap.

mwha wha wha whaaaaa. (evil reptillian laughter impression)

[synergy777]

check sites like motley fool, don't fall into the trap of adjustable rates/interest only mortages, they look good in the short term, but after the 2 year introductory peroid, you get shafted. go for a long term, fixed rate,why, well you have fixed amount to pay, so you can budget better.

http://www.fool.co.uk/

http://www.moneysavingexpert.com/

if you need any links, help, feel free to pm me, i studied financial services, and have ifa qualifications from uni.

[dark86]

my 2 pennies:

i would never borrow money where you have to pay interest EVERY year.

so for a 100k loan for 25 years you will pay back around 200k!! and they say renting is money down the drain.

mortgage not for me as its just such a bad deal and at the end of the day its just a pile of bricks. for years my family kept saying get a mortgage but i never listened and now they accept my views on mortgages.

[john white]

Id like to hear your oppinion folks on a situation thats giving me a bit of a headache at the minute.Im curently being put under pressure by my family to take on a mortgage and buy the flat that I am renting from my sister here in Scotland.....the problem is as you can immagine my view of the world and the whole economic situation is totally different from theirs.
I do admit tho that if I saw things the way they do this would be a very good oppertunity to get on the housing ladder indeed.Its difficult trying to explain to someone who has made money from property all her days that I dont see buying this flat at a slightly reduced price as a good idea.
Its proving to be a real test of my convictions of everything Ive become aware of over the last couple of years.:confused:

Buy the flat, make sure its interest and collaterol mortgage, then rent it to someone on housing benefit and let the government buy it for you

Mortgages are alright as long as you know what they are: a slave contract

If your always happy to chuck the keys in, give 'em the finger and go bankrupt, your in control and can't really lose

The sting in the tale is that having a mortgage cuts you off from a whole load of support (Housing benefit etc), and basically forces you to work like a dog to pay for the thing: if your the one paying for it (see above)

Of course, that was the whole idea with the "own your own home" crap from the 80's: suddenly, we all had something they could threaten us with taking off us

[bicycle]

Buy the flat, make sure its interest and collaterol mortgage, then rent it to someone on housing benefit and let the government buy it for you

[/U]

Making pedsi homeless:rolleyes:

[synergy777]

john, the inner gekko is alive and well. also with housing benefit, straight into your account, direct debit, and they are never late, buy to let.

[tinmenace]

I don't know how it is in the UK, but here in Florida it was cheaper to pay a monthly mortgage including all interest, insurance and taxes than it would have been to rent the house. We bought the house at a very good FIXED interest rate, and in the 5 years that we've been here, the supposed value has increased remarkably. So, for us it was the right thing to do because we have to pay to stay somewhere!

Always listen to your intuition. It knows best. Good luck to ya. :)

[pedsi]

Thanks for all the positive input guys I guess I'll sleep on it again.....
c'yall tomorrow Ive the day off........YEE HAAAAAAAA!!!

[mcmenek1]

Id like to hear your oppinion folks on a situation thats giving me a bit of a headache at the minute.Im curently being put under pressure by my family to take on a mortgage and buy the flat that I am renting from my sister here in Scotland.....the problem is as you can immagine my view of the world and the whole economic situation is totally different from theirs.
I do admit tho that if I saw things the way they do this would be a very good oppertunity to get on the housing ladder indeed.Its difficult trying to explain to someone who has made money from property all her days that I dont see buying this flat at a slightly reduced price as a good idea.
Its proving to be a real test of my convictions of everything Ive become aware of over the last couple of years.:confused:

Hi pedsi,

Don't do it mate!!...... the uk housing market is rigged and property is totally over valued....."The Powers That Be" have deliberately created this by having artificially low interest rates for years which made borrowing cheap so people could afford to buy property at the overvalued prices.......their aim is to get people mortgaged to the hilt and when they have done that they can start turning the screw by raising interest rates.....which they have just started to do.....people in the uk have got such big mortgages now they only have to raise it a small amount to cause a lot of fear, pain, and misery for a lot of people.......

"The Powers That Be" are trying to stop the awakening happening and one of their plans is to create a lot of fear among the populace when the time is right. Their main weapon for doing this is a financial one...... I can see them deliberately crashing the housing market and raising interest rates at the same time to leave people trapped with no way out which will create huge amounts of fear, pain and misery for a lot of people.......its all about keeping people on a low vibration to stop them waking up......

if you wait you will probably be able to buy a property for a fraction of todays market value.......the rumblings have started in the world financial markets already I think the time for pulling the plug is close..... don't fall into the trap they have set for us......

Love
&
Peace

[i_am]

Just don't do it because you are pressured into it. Personally, I would not borrow money to buy property in todays fragile economic climate.

Are you going to be paying more than rent?

Can you afford the repayments if there are interest rate hikes?

Are you happy in your job?

Is it going to be a burden?

Are you attached to outcomes or as JW said are you prepared to give them the finger and declare yourself bankrupt if the shit hits the fan and things go pear-shaped?

It is good to have your own space that you do not have to answer to anybody else but..........

[synergy777]

cycle, last crash, 1987, negative equity. check the fool site, they spell it all out. too many people jumped on the bandwagon, and now the load is too great.

[fantana]

You may need a house. When I grow up I will probably get one with big windows and a big garden and lots of bedrooms so I can run from one to the other and jump on the beds and when I make a mess I can just go into the next room. It would also help when I am playing and cheating at hide and seek.

There is a saying - Man does not live on bread alone, but on additives and preservatives aswell.

[ho1ogram]

I LOVE YOU

G'day Pedsi, it sounds like you already know the answer. :)

Id like to hear your oppinion folks on a situation thats giving me a bit of a headache at the minute.
Im curently being put under pressure by my family to take on a mortgage and buy the flat that I am renting from my sister here in Scotland.....the problem is as you can immagine my view of the world and the whole economic situation is totally different from theirs.
I do admit tho that if I saw things the way they do this would be a very good oppertunity to get on the housing ladder indeed.Its difficult trying to explain to someone who has made money from property all her days that I dont see buying this flat at a slightly reduced price as a good idea.
Its proving to be a real test of my convictions of everything Ive become aware of over the last couple of years.:confused:

Thinking about it gives you a headache.
Your family is putting you under pressure.
You have your own view of the world.
You don't see buying this property as a good idea.

Here's the real kicker... the flat doesn't even exist!! LMFAO :D:D:D:D:D:D

You are infinite, an amazing aspect of ALL THAT IS, pure creative eternal spirit. Property is energy condensed into a temporary physical form. If you are worried about going without... GO WITHIN. :) :)

THANK YOU

[orgo knight]

Had it been 10 years ago I would have said go for it.
In todays climate the choice is harder I feel.Especially for us conspiracy guys knowing what we know.

If you're inclined to buy remember property rule number #1, location location location.Also compare prices in the area and rents.Check the vacancy rates in the area also.You want to be able to rent it out quickly if worst comes to worst.

The bigger your deposit the better.Also counter in other costs such as interest rate rises, council rates, insurance and repairs. All the best orgo :)

[pedsi]

I LOVE YOU

G'day Pedsi, it sounds like you already know the answer. :)



Thinking about it gives you a headache.
Your family is putting you under pressure.
You have your own view of the world.
You don't see buying this property as a good idea.

Here's the real kicker... the flat doesn't even exist!! LMFAO :D:D:D:D:D:D

You are infinite, an amazing aspect of ALL THAT IS, pure creative eternal spirit. Property is energy condensed into a temporary physical form. If you are worried about going without... GO WITHIN. :) :)

THANK YOU

Hi ho1ogram

your spot on there i guess the answer was in the question all along,thats the second time ive noticed this recently,the last time was when I was contemplating whether I should give up playing football this year after playing all my days since the age of 8 and gaining vast amounts of pleasure and experiencing great times in doing so.It suddenly struck me, that by even asking myself the question whether I should or not, a question thats never came into my thoughts before....it WAS time to give it up....the answer was in the question!!
Any way back to the mortgage front, a big thanks and love to you all who responded to my quandry.I myself felt that this was not the time to enter the housing market as I can see things happening in the future that are going to shatter the staus quo, as mcmenek1 said, they will use the financial burden on people to keep them in a state of fear and panic over the coming years,if financial gain has been your mission in life then it could well turn into your death sentence here on earth.
In fairness my mother is a very open minded person and has sat and watched a david icke dvd with me and my sister but at the end of the day she is still stuck in the beleif system as are plenty others that the only way to get on in life is to own your own property.She is giving good advice to the best of her knowledge.The thing is I want my sister to sell the flat and cash in on a bit of profit for herself before things go belly up but my mum still sees it as missing a great opportunity..........an opportunity to financial slavery in my eyes..had it of been 5 or 10 yrs ago I'd have been in ther like a dog eating beetroot.

[jinjo5]

Id like to hear your oppinion folks on a situation thats giving me a bit of a headache at the minute.Im curently being put under pressure by my family to take on a mortgage and buy the flat that I am renting from my sister here in Scotland.....the problem is as you can immagine my view of the world and the whole economic situation is totally different from theirs.
I do admit tho that if I saw things the way they do this would be a very good oppertunity to get on the housing ladder indeed.Its difficult trying to explain to someone who has made money from property all her days that I dont see buying this flat at a slightly reduced price as a good idea.
Its proving to be a real test of my convictions of everything Ive become aware of over the last couple of years.:confused:
Dont even consider getting a mortgage pedsi.
In february i started a thread called "never get a mortgage",loads of people replied with some very useful info and personal experiences.
If you track it down,hope it helps you make the RIGHT decision.:)

[davidbarstis]

Hi, pedsi. I don't know all the details of your situation, but for the most part, I've learned that renting really is cheaper unless you live for a thousand years. After the interest even if it is fixed, you could live in an average priced apartment for thirty or more years. If your middle age, why bother with a mortgage AND the responsibility of all the other expenses of a home. My girlfriend and I have a home and the privacy is nice, but we have a lot less money and there are constantly having to repair things. Anyways, hope it helps and good luck to whatever you decide to do.

[vienna]

little tip

get a MUSLIM MORTGAGE

they don't pay interest on it!

http://muslimmortgages.com/

[synergy777]

what, the good god fearing christian nwo didn't tell the masses about the evil ban on usury/interest, islam is very evil, its discriminates against the coffers of the elite, lol

[geewhizz]

Hi

In 1999 I bought my first house in a quiet picturesque village in North Yorkshire for £70k. I had to get a mortgage at the time and that was considered to be alot back in the day!!!
I sold the property last month for £240k I am now mortgage free and renting a house with my girl.

Avoid mortgages for the next 10yrs if possible. I was one of the lucky ones as the housing market will crash in the next 5yrs due to interest rate hikes etc etc. Remember the negative equity in the early 90s??

As someone has stated already, this has been planned for a very long time. As we approach 2012 AND beyond the screw will tighten and more misery and depression will be thrown at us as they try to stop people awakening.

Watch the US economy now and for the next 2yrs (oh dear me). We in the UK will then move into the Euro as a safety net as the UK economy turns to jelly. It will be given as our only hope.

For those who have small mortgages and will not be affected, sit tight and 10yrs down the line the boom will start again. You can then reap the benefits like I have.

If anyone has £25k or less to pay on their mortgage, Get an unsecured bank loan straight away and pay your mortgage off NOW(tell them its for a car or something). This includes 5yr/10yr fixed rate ones too, the earlier the better.

I have worked in the financial sector for a few years after I left Uni so I know what im talking about.

I like what JW said about putting the middle finger up and declaring yourselves banckrupt ha ha ha that made my day.

[synergy777]

geewhiz, spot on. me i am waiting for a crash, then i will buy up small 2/3 bed houses, and rent them via the housing assiociation.

[vienna]

trust me the deals are there


if you really want to accumulate a large deposit you can find some dirt cheap properties in other parts of the country and work from there - it's not easy but it's not impossible

you'll have 2 years max to do it in, I reckon

[tinmenace]

Yeah, Pedsi, Tell those that are pressuring you to co-sign on a loan with you, and see what they say. I'm interested in their reactions.

[pedsi]

Yeah, Pedsi, Tell those that are pressuring you to co-sign on a loan with you, and see what they say. I'm interested in their reactions.

Hi tin

cheers for the support....you see the thing is my mum would probably go and get a loan for me to buy the flat tomorrow if she could because she thinks its too good an opportunity to miss, wheras I see it as being possibly one of the worst things to do at this particular time.
As I said earlier she is quite open minded and is pleased that I have a mind of my own regarding many things but she's having trouble I suppose trying to understand why I dont want to get involved in what she sees as an excellent opportunity.

[tinmenace]

Hi tin

cheers for the support....you see the thing is my mum would probably go and get a loan for me to buy the flat tomorrow if she could because she thinks its too good an opportunity to miss, wheras I see it as being possibly one of the worst things to do at this particular time.
As I said earlier she is quite open minded and is pleased that I have a mind of my own regarding many things but she's having trouble I suppose trying to understand why I dont want to get involved in what she sees as an excellent opportunity.


Hi Pedsi,

You've just answered your own question :) Trust your gut. If it doesn't feel right, then it's not for you.

[notaslave]

little tip

get a MUSLIM MORTGAGE

they don't pay interest on it!

http://muslimmortgages.com/


Thanks for the link, most interesting ... hmm, I wonder if they do co-op mortgages.

[cruise4]

I've been involved in this Buy To Let business previously. In current circumstances do anything you can to get out of, and stay out of debt. The UK Housing Market is blown out of all proportion.

The only reason I could see to buy it is a discounted price. Then sell it. But the selling costs etc. usually eat up any short term profit on a deal like this.

If you have a sizeable downpayment I'd consider buying some wooded land outright maybe, somewhere quiet. Rental payments could easily become an issue as well as mortgage payments.

[ho1ogram]

I LOVE YOU

Hi ho1ogram

your spot on there i guess the answer was in the question all along,thats the second time ive noticed this recently,the last time was when I was contemplating whether I should give up playing football this year after playing all my days since the age of 8 and gaining vast amounts of pleasure and experiencing great times in doing so.It suddenly struck me, that by even asking myself the question whether I should or not, a question thats never came into my thoughts before....it WAS time to give it up....the answer was in the question!!
Any way back to the mortgage front, a big thanks and love to you all who responded to my quandry.I myself felt that this was not the time to enter the housing market as I can see things happening in the future that are going to shatter the staus quo, as mcmenek1 said, they will use the financial burden on people to keep them in a state of fear and panic over the coming years,if financial gain has been your mission in life then it could well turn into your death sentence here on earth.
In fairness my mother is a very open minded person and has sat and watched a david icke dvd with me and my sister but at the end of the day she is still stuck in the beleif system as are plenty others that the only way to get on in life is to own your own property.She is giving good advice to the best of her knowledge.The thing is I want my sister to sell the flat and cash in on a bit of profit for herself before things go belly up but my mum still sees it as missing a great opportunity..........an opportunity to financial slavery in my eyes..had it of been 5 or 10 yrs ago I'd have been in ther like a dog eating beetroot.

No worries pedsi :)
You could always head into the bush and build your own abode...

http://www.simondale.net/house/images2/front.jpg http://www.treehousesofhawaii.com/cutamarindweb.jpg
http://www.simondale.net/house/index.htm http://www.thetreehouseguide.com/

THANK YOU

[astra]

Hi pedsi,

Don't do it mate!!...... the uk housing market is rigged and property is totally over valued....."The Powers That Be" have deliberately created this by having artificially low interest rates for years which made borrowing cheap so people could afford to buy property at the overvalued prices.......their aim is to get people mortgaged to the hilt and when they have done that they can start turning the screw by raising interest rates.....which they have just started to do.....people in the uk have got such big mortgages now they only have to raise it a small amount to cause a lot of fear, pain, and misery for a lot of people.......

"The Powers That Be" are trying to stop the awakening happening and one of their plans is to create a lot of fear among the populace when the time is right. Their main weapon for doing this is a financial one...... I can see them deliberately crashing the housing market and raising interest rates at the same time to leave people trapped with no way out which will create huge amounts of fear, pain and misery for a lot of people.......its all about keeping people on a low vibration to stop them waking up......

if you wait you will probably be able to buy a property for a fraction of todays market value.......the rumblings have started in the world financial markets already I think the time for pulling the plug is close..... don't fall into the trap they have set for us......

Love
&
Peace

Hello,

I am selling my house,intending to rent a room somewhere for a while.
I have had a feeling prices will crash sometime soon,do you really think they will and what makes you think this because i am shitting myself about selling up.

[astra]

Hi

In 1999 I bought my first house in a quiet picturesque village in North Yorkshire for £70k. I had to get a mortgage at the time and that was considered to be alot back in the day!!!
I sold the property last month for £240k I am now mortgage free and renting a house with my girl.

Avoid mortgages for the next 10yrs if possible. I was one of the lucky ones as the housing market will crash in the next 5yrs due to interest rate hikes etc etc. Remember the negative equity in the early 90s??

As someone has stated already, this has been planned for a very long time. As we approach 2012 AND beyond the screw will tighten and more misery and depression will be thrown at us as they try to stop people awakening.

Watch the US economy now and for the next 2yrs (oh dear me). We in the UK will then move into the Euro as a safety net as the UK economy turns to jelly. It will be given as our only hope.

For those who have small mortgages and will not be affected, sit tight and 10yrs down the line the boom will start again. You can then reap the benefits like I have.

If anyone has £25k or less to pay on their mortgage, Get an unsecured bank loan straight away and pay your mortgage off NOW(tell them its for a car or something). This includes 5yr/10yr fixed rate ones too, the earlier the better.

I have worked in the financial sector for a few years after I left Uni so I know what im talking about.

I like what JW said about putting the middle finger up and declaring yourselves banckrupt ha ha ha that made my day.

Hello,

I am selling my house,intending to rent a room somewhere for a while.
I have had a feeling prices will crash sometime soon,do you really think they will and what makes you think this because i am shitting myself about selling up.

[mcmenek1]

Hello,

I am selling my house,intending to rent a room somewhere for a while.
I have had a feeling prices will crash sometime soon,do you really think they will and what makes you think this because i am shitting myself about selling up.

Hi astra,

The world financial markets are totally controlled "By The Powers That Be" and they can shape world events by manipulating and crashing these markets as and when they want....."The Powers That Be" want to get the UK fully into the European Community and that means out with the Pound and in with the Euro......its part of their drive towards a One World Government

As things stand the People of the UK would probably say No to the Euro and to full integration into Europe...... so "The Powers That Be" are going to get us into Europe by stealth and that means crashing our economy so we have no option but to go fully into Europe if we want to be saved financially.....well that is what the politicians will tell us

The manipulation of the UK housing market has been their main plan to set us up for a major fall......houses are totally overvalued and people are mortgaged to the hilt they have the UK and its people at their mercy.......another factor like I said in my previous post is to create immense fear to head off the awakening.

Its only a matter of time before they pull the plug on the economy.....if I was in your position I would sell before its too late you could save yourself thousands......once the crash happens it will be too late to sell no one is going to buy a house once the prices nose dive.

The value of the pound will also drop against the Euro when the Housing crash happens....it will drop like a lead balloon......so when we finally exchange the Pound for Euros we will get peanuts and our cost of living will rocket creating fear, pain, and misery for thousands which is exactly what "The Powers That Be" want.

If you sold now you could put your money into a high interest Euro savings account and it would be safe from any drop in the value of the Pound.

Trust your intuition on this do what you feel is the right for you........

I hope this helps......:)

Love
&
Peace

[lookfar]

Firstly Hi astra & welcome to the forum :)

Mcmenek1, that was a very interesting post & has made me more inclined to sell up soon too. I've been thinking about it for a while now & just renting somewhere, but reckon I should probably act a bit quicker on it, shit!! :eek: