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The Brexit Thread (LOCKED)
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 Stuk  Top half 16 Nov 16 4.45pm |
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Originally posted by jamiemartin721
Nail bars are to money laundering, what massage parlours are to brothels... Chinese organised crime in the UK is big into money laundering - due to links to far eastern banking and Hong Kong. All those cash mules and gangsters have to have a 'legitimate' source of income. Also they're quite handy if you're into people smuggling, for providing 'work permits' etc. Getting actual beauty treatment is as tricky as getting a therapeutic massage. Might be for laundering purposes but they always seem to be filing the f*** out of someone's nails. Maybe we should run with India's bright idea of banning nearly all of the currency overnight.
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| Stuk Top half 16 Nov 16 4.50pm |
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Originally posted by Mr_Gristle
Great! Please show me where I can buy somewhere to live and remain within 90 minutes travel of the 50k City job I'd like to keep to pay the mortgage. I have 10k savings too. Oh, I have two kids as well so a 1 bedroom studio flat is out of the question, as is a term longer than 25 years. I'm quite excited at the prospect of being able to buy a home in the Greater London I've spent my life in. Your assertion that anyone with a job can get a mortgage and buy somewhere to live is one of the most ridiculous things I've seen on the Internet in years. Hopefully you were just on a wind up! Edited by Mr_Gristle (16 Nov 2016 4.46pm) Well you'd be able to get a mortgage of between 200 & 225K. I didn't say anyone with a job can get a mortgage, you might have the worst credit history ever and a string of previous defaults. I said everyone can afford one with a job and a mortgage.
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| Mr_Gristle In the land of Whelk Eaters 16 Nov 16 4.51pm |
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Originally posted by Hrolf The Ganger
How much can you afford? More a question of how much I can be lent at my age. There's always corners that can be cut budget wise. 1300 a month in rent currently, which is manageable.
Well I think Simon's head is large; always involved in espionage. (Name that tune) |
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| Stuk Top half 16 Nov 16 4.55pm |
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Originally posted by Mr_Gristle
More a question of how much I can be lent at my age. There's always corners that can be cut budget wise. 1300 a month in rent currently, which is manageable. You'd pay less than that per month on a 225K mortgage, at present fixed term rates.
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| Mr_Gristle In the land of Whelk Eaters 16 Nov 16 4.59pm |
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Originally posted by Stuk
Well you'd be able to get a mortgage of between 200 & 225K. I didn't say anyone with a job can get a mortgage, you might have the worst credit history ever and a string of previous defaults. I said everyone can afford one with a job and a mortgage. Ok, for avoidance of doubt you assertion that anyone who can get a mortgage can buy somewhere to live remains one of the most ridiculous things I've seen on the Internet in recent times. Do some maths involving the average national wage, mortgage multiples and house prices. There redo the sums for hard working people on around the minimum wage. I'm very lucky to have the income I do (it's taken me 30 working years to get there) and , with 3 bed properties (can't sleep a son and daughter together) costing what they do, I wonder how families these days without inheritances to call on can afford to buy in the SE.
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| OknotOK Cockfosters, London 16 Nov 16 5.03pm |
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Originally posted by Mr_Gristle
Great! Please show me where I can buy somewhere to live and remain within 90 minutes travel of the 50k City job I'd like to keep to pay the mortgage. I have 10k savings too. Oh, I have two kids as well so a 1 bedroom studio flat is out of the question, as is a term longer than 25 years. I'm quite excited at the prospect of being able to buy a home in the Greater London I've spent my life in. Your assertion that anyone with a job can get a mortgage and buy somewhere to live is one of the most ridiculous things I've seen on the Internet in years. Hopefully you were just on a wind up! Edited by Mr_Gristle (16 Nov 2016 4.46pm) It is hard. But the point is valid to an extent. I struggle to understand how people can afford to live in most places within the M25, but there are areas outside. Stevenage, Hatfield, Hitchen all north of London have easy commutes into Kings Cross/Moorgate, for example. And you can pick up houses there for under £300k. There will be similar places East and South of London as well. They do exist. I pity the next generation - my three kids are going to be relying heavily on me either popping my clogs early or downsizing massively and giving them a bucketload. But at the moment it is still just viable
"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show |
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| Mr_Gristle In the land of Whelk Eaters 16 Nov 16 5.04pm |
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Originally posted by Stuk
You'd pay less than that per month on a 225K mortgage, at present fixed term rates. I dont doubt that, but how many 3 bed gaffs come in at that price down here?
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 Hrolf The Ganger 16 Nov 16 5.06pm |
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Originally posted by Mr_Gristle
More a question of how much I can be lent at my age. There's always corners that can be cut budget wise. 1300 a month in rent currently, which is manageable. Well my missus gets the fast link from down here in Kent and she is in to London in less than 40 minutes. Property is considerably cheaper here too.
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| Mr_Gristle In the land of Whelk Eaters 16 Nov 16 5.08pm |
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Originally posted by OknotOK
It is hard. But the point is valid to an extent. I struggle to understand how people can afford to live in most places within the M25, but there are areas outside. Stevenage, Hatfield, Hitchen all north of London have easy commutes into Kings Cross/Moorgate, for example. And you can pick up houses there for under £300k. There will be similar places East and South of London as well. They do exist. I pity the next generation - my three kids are going to be relying heavily on me either popping my clogs early or downsizing massively and giving them a bucketload. But at the moment it is still just viable Having spent some time in Hatfield, I agree that it's more reasonably priced than other areas. However there's a chasm between "under 300k" and what a lot of working people can get lent to them. Thanks for the discourse chaps, got to sign off for now.
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| OknotOK Cockfosters, London 16 Nov 16 5.14pm |
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Originally posted by Mr_Gristle
Having spent some time in Hatfield, I agree that it's more reasonably priced than other areas. However there's a chasm between "under 300k" and what a lot of working people can get lent to them. Thanks for the discourse chaps, got to sign off for now. You did specify it was for yourself with a £50k salary and £10k, but I take the point. The problem is more likely to be your deposit than your salary actually. £10k is likely to be between 3% and 4% on the sort of properties you'd be looking at. And most lenders will be reluctant to lend with less than 5% and ideally 10%. And possibly your age I suppose if you've already been working 30+ years. Edited by OknotOK (16 Nov 2016 5.16pm)
"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show |
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| Stuk Top half 16 Nov 16 5.16pm |
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Originally posted by Mr_Gristle
I dont doubt that, but how many 3 bed gaffs come in at that price down here? Not many that's for sure, but there are shared ownership options. And I did state that it might not be the exact one you want from the start. Most first time buyers wouldn't need a 3 bedroom place.
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| nickgusset Shizzlehurst 16 Nov 16 5.28pm |
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Originally posted by Hrolf The Ganger
FFS There would be no issue without mass migration. It is pointless debating with people who just want to deny reality to uphold some loopy political ideology. Jeebers. You seemed to say that infrastructure like schools and doctors were built after houses because of migration. I said it was down to bad planning. Whilst I concede that migration affects housing it's got jack all to do with building infrastructure after houses are built. Are you suggesting that we would have no housing crisis if there were no migrants? Are you suggesting it's migrants' fault that the government house building programme has been nothing short of s***? Next it'll be Johnny foreigners fault that your broadband was down for an hour last week.
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