How are all you new mummies doing?

[Mummybexee]

We had it on for offers 150+ - the couple buying have mortgaged through our estate agent mortgage broker aswell - they only have 10% deposit so their LTV is large and therefor 150 is their absolute max

Had no more enquiries since last Wednesday so decided to accept asking price

The house was close to it's sealing limit for the area and if we put it up for anymore chances are surveyor would downgrade the value if someone was to pay anymore than 155

Now need to find somewhere to live !!

 

[Jojo84]

Yo going to rent or buy somewhere smaller?

 

[Mummybexee]

Smaller??? Lol no some size if not bigger!

Rent for abit - hubby out of work isn't he so we can't get a mortgage ATM :/

 

[douglasxox]

Great news Bex we'd love to move from our house but due to business changes I'm not sure what our mortgage situation is ATM :/ houses here sell for so much too!

Off to Glasgow tomorrow to see the killers OH putting Ruri to bed and I'm driving back home right after the concert so I'm home for him waking up. That'll be a lovely four hour drive, hoping it's quicker due to it being night time!

 

[Mummybexee]

Ouch!! But awesome gig to watch!

Just take your time and have a break of you need it - I know it's cliche but tiredness when driving is risky x

 

[douglasxox]

It's an awful feeling - OH is a driver and I worry so much about him driving long hours? When he did long haul there was lots of expresso/red bull stops I'm going with my mum who can't bloody drive so not much use there ha!

Just found out a girl I went to school with was found dead on Sunday, lying in a burn not long from her house! so awful.

 

[Maud]

We aren't in a position to buy a bigger house at the moment, but I made the mistake of investigating what difference having a baby makes to what we could borrow and it's halved what the bank will lend us! We chose not to upscale before having a baby as we weren't convinced we could afford the mortgage longterm, but now I'm wondering if we'll ever get the opportunity again...

 

[iWitch]

We aren't in a position to buy a bigger house at the moment, but I made the mistake of investigating what difference having a baby makes to what we could borrow and it's halved what the bank will lend us! We chose not to upscale before having a baby as we weren't convinced we could afford the mortgage longterm, but now I'm wondering if we'll ever get the opportunity again...

Please don't say that!

 

[dizzybaby]

We're renting currently but looking to buy in 2016 and it just depresses me! It's so bloody hard now and we'll be penalised for having a dependent so I'm not holding out too much hope, rent it just so expensive around here though

 

[Pumpkin9]

We moved 2 years ago into a bigger house. I spend my life planning in advance for things (had a spreadsheet about maternity pay and nursery costs long before I was pregnant). Saying that though we moved on a whim, we had a 5 year plan and just happened to see somewhere 3 years into it.

Feel lucky in some respects, but the mortgage is abit of a millstone in terms of our flexibility with work. I have little option but to go back full time.

 

[Jojo84]

i just asked if you were buying smaller because i know your hubby lost his job recently so thought you might be buying smaller for smaller mortgage for a while then selling on - i know someone who did that and worked out well for her.

i have no desire to own a house - i like renting... if something goes wrong in the house we dont have to pay for it and i like that. were in council atm but hopefully not forever. but i love my house and the rent is only £84 a week including water rates.

 

[Mummybexee]

i just asked if you were buying smaller because i know your hubby lost his job recently so thought you might be buying smaller for smaller mortgage for a while then selling on - i know someone who did that and worked out well for her.

i have no desire to own a house - i like renting... if something goes wrong in the house we dont have to pay for it and i like that. were in council atm but hopefully not forever. but i love my house and the rent is only £84 a week including water rates.

No way because then you get tied into stuff like fixed term periods etc and the legal fee's and moving costs cost circa 5k

I guess if you have no desire to own a home - then everything that surrounds it and the mortgage you probably don't understand fully? That's no dis respect to you but selling and buying a house isn't as easy and straight forward as it sounds lol

 

[Mummybexee]

Plus my salary alone wouldn't allow us to buy much more than a shitty run down 2 bed somewhere due to local house prices considering they take dependants into consideration and nursery costs etc

 

[Jojo84]

i just asked if you were buying smaller because i know your hubby lost his job recently so thought you might be buying smaller for smaller mortgage for a while then selling on - i know someone who did that and worked out well for her.

i have no desire to own a house - i like renting... if something goes wrong in the house we dont have to pay for it and i like that. were in council atm but hopefully not forever. but i love my house and the rent is only £84 a week including water rates.

No way because then you get tied into stuff like fixed term periods etc and the legal fee's and moving costs cost circa 5k

I guess if you have no desire to own a home - then everything that surrounds it and the mortgage you probably don't understand fully? That's no dis respect to you but selling and buying a house isn't as easy and straight forward as it sounds lol

I actually used to work for Northern rock mortgages before they went under. My friend bought a small flat on a 10yr mortgage- so when they sold at 8 yrs they had no repayment charges, by the time her kids were old enough to need own rooms she bought a house much nicer than the one they could have afforded when they were starting out. Worked for them but not everyone is in that position. I do feel like your talking down a little to me because I don't own a home and don't want to - you may not mean it that way but it's hiw it comes across My parents lost their home and everything in it when I was 14 so owning has No appeal to me at all.

 

[Kaedin]

Hayley woke at 2:30 and 3:30 last night..then was up at 6:20 so got up and made a bottle and now she's having a nap...wish I could have a little sleep again but need to sort my room out Decided last night to move my chest of drawers into my inbuilt wardrobe to try and create more space for her cot coming, but it didn't fit (I didn't use common sense to measure it first ) So I now have everything that was in my wardrobe stacked about my floor

When I was with my ex we always rented, we lived in 4 different houses whilst together . We couldn't afford to buy so didn't really have a choice at the time, but we were working to get a mortgage. It is a comfort when renting to know if anything goes wrong the landlord will be the one to cover all costs (in our last house our boiler constantly had issues, our roof had a leak - which came through out electrical wiring in the bedroom, the waste water pipe developed a crack and started leaking, we needed to re-insultate the loft, we needed all new windows, so if we owned the house and had to pay for all that work we'd probably be bankrupt lol )

 

[Mummybexee]

Not at all talking down to you Jo - just telling you we are moving Into rented and the reasons we Arnt buying as you suggested - I have not made any comment about your housing just answering your questions and telling you about mine

If you don't want to own a home that's completely upto you - and not once have I directed any comment about your housing?? I'm going into rented so why would I criticise someone in rented? Half my friends rent - there's nothing wrong with that?

Like I say it would be stupid of us to try buy some crappy house that's all - it costs to much money to gaff buying and selling if it's not a long term thing - a lots changed since NR went bust but as you know early redemption charges and such like are killers - and wouldn't want to spunk a load of cash on a house we weren't happy to live in

 

[Pumpkin9]

Morning all!

Home ownership is a nightmare either way! I wouldn't want to line someone else's pockets if I have a choice, I'd rather own something at the end of 25 years than be in the same place I started.

Obviously that's not always an option. I admire you bex for making the decision and taking control of your situation

 

[iWitch]

Well at the moment we're saving as much as possible so once Austin gets his free childcare hours at whatever age it is, we can upsize!

The house we're in isn't bad. It's a new build 2 bed but not in a great area & we're thinking ahead for schools. Austin's room fits a double bed so hopefully we'll get enough back to give us additional money to the deposit. We just bought at completely the wrong time (2007) & so we will always pay top end house prices because we'd lose too much if we didn't.

We plan on another new build because they offer part ex & most do it for the value of the house now because they make so much on the new builds. Just gotta hope developments come up in the areas we want to move to

 

[Pumpkin9]

We bought our first house in 2007.

We lost money when we sold but luckily cause we were buying at the bottom of the market we got more money off our new house than we lost (both have been new builds).

We didn't part ex but the developer covered our estate agent fees which was great

 

[Mummybexee]

Nat - bought in feb 2008 - 3 months before the crash! When people were paying a few hundred on their mortgages we were in a 2 year fixed paying 600 so I know how that feels!