Mortgage

[neil999]

My advice- don't stretch yourself, I'm sure you could a great place for a lot less and leave yourself a lot more breathing space

 

[Del]

Just seen a lovely apartment for sale in L1 opposite the Hilton with great views and I've been thinking about moving out for a while with my girlfriend.

I've been doing research on them and just don't understand them at all!

The apartment is 269,000 and we can put a 40,000 deposit down which I understand means we need to take out a £229,000 mortgage, correct?

I went on Halifax, Santander etc and they are all saying I would need to pay roughly £1,272 per month which is £636 each per month we would be paying.

Now this is the thing but bare in mind I don't know how to word it correctly so please forgive! the apartment is brill and I don't understand why everyone doesn't just live in places like that instead of not very luxury.

600pm sounds quite cheap for a brilliant apartment in the middle of L1. Obviously with everything (TV etc) it would come to about 800 we would pay EACH but even that sounds good for the views etc.

Is this correct or just completely wrong?

Are you asking why everyone doesn't live in 250k apartments mate or am I reading that wrong?

 

[tommye]

For that money you could buy a decent house in a good area with gardens and everything.

Imo, you would be daft to stump up that kind of cash for a flat in town.


....but, each to their own like. Personally I'd prefer a 3 or 4 bedroom house in Crosby, short walk to the beach etc, for that kind of money.



*have a look on sights like zoopla, rightmove etc and see what your cash can get you elsewhere. Bet the apartment is quickly forgotten about.

 

[Goat]

I dunno why everybody doesnt live in 250k flats with views of the river.

 

[Kurt.]

For 250k around here you could get a 5 or 6 bedroom house with land and outbuildings ffs.

 

[roydo]

Property prices are mental. Cant last imo. Just makes no sense.

 

[tommye]

For 250k around here you could get a 5 or 6 bedroom house with land and outbuildings ffs.

Wales mate.


nobody's arsed. :yahoo:

 

[Goat]

Ive been to 1 of those posh apartments, ages ago, they are really tiny, I just couldnt work out why somebody would wanna live in 1, considering what else they could get for the money.

Each to their own tho I suppose.

 

[roydo]

Ive been to 1 of those posh apartments, ages ago, they are really tiny, I just couldnt work out why somebody would wanna live in 1, considering what else they could get for the money.

Each to their own tho I suppose.

We have a newish marina down here. Surrounded by millions of flats. Well built and that, but £300k is the average price for a 2 bed place. Say you have 10% deposit, thats still a £270k mortgage, so need earnings of apx £80k to get one. Nuts.

 

[steken1]

You could jib your fat arse stuck up bird, move to kenny in a 1 bedder for 240pcm, and spend that 40k living like an absolute pimp for a year!

 

[tommye]

You could jib your fat arse stuck up bird, move to kenny in a 1 bedder for 240pcm, and spend that 40k living like an absolute pimp for a year!

#word

 

[Goat]

#PREACH

 

[Socrates]

I tried PMing you but I'm a couple of posts short of being able to do so.

I am a whole of market adviser and you can get a deal from £635 per month in total.

There are alternatives to the lenders you mentioned.

If you are interested, post again and we can talk about it.

Cheers

Tony

 

[Fensta]

Mate of mine has a pad there, after a few years he moved out n now rents it to someone for around 900 a month. You're mortgage sounds like a decent price in comparison.

 

[cooperman]

Get a house. Hold their value better and don't have a service charge which for some apartments is a fair bit of money.