A Conversation for Tips on Buying a House

Mortgage nearly paid up

Post 1

Wand'rin star

Next year the Lincolnshire base will actually belong to me rather than the building society.
I looked at it once (with the children who were impressed by the small snooker table in the attic - it's still there), then took out a Power of Attorney for a dear friend while I went thousands of miles away. We came back to an empty house that had been rewired, and had the rotted boards under the front room window replaced, thus discovering a very large cellar which the stupid former owners had boarded over.
I disagree about the need for money for furniture etc - we moved in with a microwave and two mattresses. Stuff brought back from Africa and China has turned it into a comfortable family home - although a visiting American disagreed at Christmas. She ISN'T being invited again.
I guess what I'm trying to say is that sometimes you can break all of the rules and it still turns out OK smiley - star


Mortgage nearly paid up

Post 2

Is mise Duncan

Hmm - I think you endowment is nearly paid up but there may be a (reasonably small) shortfall.


Mortgage nearly paid up

Post 3

Wand'rin star

There will be a thumping great associated insurance policy and absolutely no shortfall as the early years produced more than enough money to pay off the loan - that's what the mortgage company have been telling me for the last five years anyway. If they're wrong you'll have to keep me in my (imminent) old age.smiley - star


Mortgage nearly paid up

Post 4

Is mise Duncan

Lucky art thou then.
Guardian of last weekend reckons that 12% of endowment policies are running in shortfall and the figure is rising.
We're looking at the real possibility that if we want/need to buy a house we'll have to leave Dublin - the prices are far too high smiley - sadface. Some idiot bought a derelict house on the strand for just over a million euro! (I'm half tempted to try and block his planning permisssion on account of there's a family of foxes living there at the moment).


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Mortgage nearly paid up

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