Housies; The Future; fear

[kingandy]

Bah.

Apparently the woman who owns the house next to samharber's is demanding an exhorbitant price (twice what Sam and Nook, also in the same street, paid - and it's been on the market for a good while now) and will not budge. She is a fool. The fallout from this is that myself and Ms bacony will require somewhere to rest our heads come July. Anyone know any good letting agencies in Notlob? The plan is to move there and rent temporarily while I (a) build up capital and (b) find somewhere to buy... hard to arrange house viewings when you live the far side of Manchester.

In case anyone's interested, the crazy woman is asking £57K. I suspect I could get a mortgage for that on my salary - just about - but I think I'd want something a bit larger for that much. I know, housies are expensive these days, but it seems daft considering what other houses in that street went for.

It is still tempting though, if only somebody would sort out the administration... and give me a big pile of cash.

Comments

[kingandy]

Eh? What? What about that 100% mortgage you mentioned earlier?

Confusled!

[icklejo]

Sorry to confuse, regardless of 95% or 100% mortage, banks won't lend more than the value of the house (they have to be able to recoup what they've lent you if they reposess and sell it, so lending you more than it's worth isn't in their interest). Nook's suggestion would mean a 110% or so mortgage which I've never heard of unless they do it as some sort of bank employee perk but I haven't heard of it for us normal people.