Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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quote:
Originally posted by John
I'm calling shenanigans.
Terrible literacy was the first clue, second was working for HMRC but not being able to work out simple figures.
Next is he's on 18k a year and looking at 190k mortgage with a bit extra for doing up the house.
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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I love this place.
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Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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quote:
Originally posted by James
quote:
Originally posted by liam-corsa-1400
how do people manage to get a hous for £100k but get a £120K morgage?
They won't do that any more, you are basically suggesting something like a 110% LTV mortgage.
Say you bought a house worth £100k, borrowed £110k, spent £10k on furniture, then 6 months down the line you lost your job and they had to repossess the house.
Even if they got £100k for the house, they are still down £10k.
so you cant do this i though you could
oh and sorry people for my grammer i do understand im not good at spelling and i really am sorry and im not messing anyone about im just after as much advice as i can get im new to all this stuff and trying to play everything safe and all your help is good and i do apretiate it
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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I know the tax office is full of jobsworths, but surely being unable to spell appreciate is going to ring some bells with his employers? I mean, do you ever have to send emails in work etc 
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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even if the guy is a dreamer/troll, at least theres some decent info in this thread for FTB's.
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Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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Not really mate don't send many E-mails use refusals and everything is abbreviated :s
So I do apologise for my spelling be leave it I'm trying to sort things like that out e.g doing a literacy course through work at my choice to better my self
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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Liam it's been covered but firstly you need to look at how much you earn after tax, and the same with your missus, how much money you have saved already for a deposit.
These are the monthly figures for my house:
Mortgage 597
Council Tax 125
Gas 40
Electricity 50
Water (on a meter): 15
Sky: 25
Phone line: 12.50
Broadband 13
House Insurance 10 (paid in full but just divided it by 12)
TV License 13
Life Insurance 16
Life Assurance 7
(Looking into whether i need both of the life insurance and assurance at the moment)
Some of them are rounded up slightly, so in total the bills before food are £923.50 a month, that is on a 3 bed detached new build.
My mortgage is 4.69% (i think) over 25 years - House price was £139,950 with a 35k deposit
Hope this helps
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Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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thanks mate really dose help me and the missus going to sit down to night and work out our wage after tax and see what it works out to be 
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