MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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quote:
Originally posted by Haimsey
People need to realise council houses are usually in undesirable areas.
Would you buy the house if offered to you for half it's market value and live in it for a minimum period?
I wouldn't.
This would have been my second point. They're usually in shit holes living next to scum.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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Someones been watching too much benefits street.
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Haimsey
Premium Member
Registered: 8th May 05
Location: Nottingham Drives: Corsa B
User status: Offline
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quote:
Originally posted by John
If you've lived in the house for 18 years it's probably not an undesirable area. It's only undesirable to someone who doesn't live there looking in.
I lived a few minutes from a council estate for over 20 years.
It's still a shit hole and an undesirable area.
Family friend from said estate wanted to utilise her RTB on her 3 bed that her and her son live in. She wanted to rent it out and live elsewhere 
[Edited on 23-02-2014 by Haimsey]
Marcy Marc 
White Sport Progress Thread
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Cole
Member
Registered: 11th Nov 02
Location: eastbourne Drives:zafira sold now a qashqai
User status: Offline
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I live in a far from undesirable area houses across the road are all 4-5 bedroom privately owned we have no trouble here whatsoever. My parents live in the house next door between the 2 houses ive lived here for 35 yrs i know everyone round here why would i want to go anywhere else. Not all council estates are like benefits street i cant think of any like it in the town i live in
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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There looks to be a few high chins in this thread
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Cole
Member
Registered: 11th Nov 02
Location: eastbourne Drives:zafira sold now a qashqai
User status: Offline
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been to see the mortgage advisor today we will be borrowing 80k to cover our fees and hopefully going for a 25yr term with a fixed for 5 yrs rate of 3.09% which I thought was very good as looking at a non fixed worked out to be only 0.1% less o about £4 a month cheaper
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taty
Member
Registered: 18th Apr 07
Location: Berwick-upon-Tweed, Northumberland
User status: Offline
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nice one did you need a deposit ?
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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You would have been crazy to go with the non-fixed deal.
Do you have any plans for the house now that you will be owning it?
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John
Member
Registered: 30th Jun 03
User status: Offline
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3.09% is really high for 50% LTV is it not? But over 25 years that is nothing a month anyway.
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Cole
Member
Registered: 11th Nov 02
Location: eastbourne Drives:zafira sold now a qashqai
User status: Offline
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quote:
Originally posted by taty
nice one did you need a deposit ?
no the equity in the house is the deposit
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Cole
Member
Registered: 11th Nov 02
Location: eastbourne Drives:zafira sold now a qashqai
User status: Offline
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john lowest we could get was about 2.79% but the setup fee was a lot higher by nearly 1k the one we are looking at via the abbey was £184 setup so what we would of saved over the 5 yrs going for the lower fixed rate isn't much more than going for the 3.09 with the lower setup fee when added together plus its another 1k to find ontop of stamp duty solicitors wills etc etc etc
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Cole
Member
Registered: 11th Nov 02
Location: eastbourne Drives:zafira sold now a qashqai
User status: Offline
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also john you are right its actually less than our rent now
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