I have never bought a house. So I have no idea. Say I have 100k in the bank and I need to slap down

[Pat Vegas]

a deposit for the mortgage.

How much of the 100k would you put down. most of it? or keep a good chunk in the bank. I really have no idea.

[Hendon Gooner (Only Easy Day Was Yesterday))]

[Mo Britain less Europe]

price will determine how much you can hold back.

[Pat Vegas]

I've not experienced buying a house.

[Ashberto]

for my shoebox.

[Steve Williams - gay for Mark Knopfler]

a) Whatever deposit you put down will ultimately affect your mortgage amount which in turn will affect your monthly repayment obligations. Obviously it goes without saying that you only commit to repayments you are comfortable with.

b) You may, I am not sure of technicalities here in the UK, have to pay Stamp Duty, a one-off payment that cannot be added to and lumped in with borrowings from the Bank i.e. your mortgage. This can be a sizeable sum.

c) Keep a lump sum back for savings, an amount only you can decide in conjunction with a) above.

d) Keep an amount back for various costs such as moving, legal etc.

e) Keep a further amount back, larger in amount than sums d and e, for cocaine and hookers, especially on the night you get the keys.

[Rich]

[Pat Vegas]

Also I should factor in doing the place up?

[Hendon Gooner (Only Easy Day Was Yesterday))]

I remember when 100K would buy you a 4 bedroom house in Edgware back in the early to mid-90s :cry:

A friend of the family recently sold a place in North Finchley (3 bed semi) for GBP650K

He bought it back in the early 90s for around GBP80K

They've now retired early and moved over to the Isle of Wight.

Lucky barstewards...

[Monty91]

Anyway, you don't need space if you don't want kids.

[barrybueno]

Edit: Forgot to say it was 300k. Ridicules :hehe:

[Steve Williams - gay for Mark Knopfler]

[Monty91]

can now afford to upsize AND buy a separate buy-to-let with what they've made.

We bought at the tip of the bubble and have made c**t all :-(

[Pat Vegas]

my wife is however :hehe:

[Monty91]

[Berni]

paying the mortgages.

Suffice to say that I am really not the person you want to be coming to for advice on **** like this. http://www.awimb.com/images/smiley_icons/ohwell.gif

[Luis Anaconda]

[Steve Williams - gay for Mark Knopfler]

Specifically building and contents.

Assuming the dodgy roof did not show up in the survey and you chose to ignore it, in which case you are f**ked.

[Classic Jorge]

[Steve Williams - gay for Mark Knopfler]

Silly question perhaps.

[Ashberto]

Currently full of our floorboards in our post-leak disaster scenario. :-(

[Classic Jorge]

So no, basically. He shares one.

[Classic Jorge]

I feel your pain to an extent, we're currently camped out in the top floors of the house without a kitchen and living room as the kitchen is being rebuilt from the bare walls up.

It was only supposed to take a fortnight :-(

[Steve Williams - gay for Mark Knopfler]

Especially those related to football.

I would consider a garden / open space to be a key element of necessary (or ideal) space when a kid is involved.

And I don’t mean a balcony.

[Ashberto]

We actually have wonderfully high ceilings which I value greatly. Unlike yer modern shoebox.

So more of a thigh-high boot-box. :-)

[Berni]

The Australians really have no sense of fun, do they? :-(

[Steve Williams - gay for Mark Knopfler]

Timing wise not great, if indeed there is ever a good time.

[Berni]

so you end up not really using it.

[Steve Williams - gay for Mark Knopfler]

In my one experience the statement was accurate almost to the day.

[Ashberto]

When Sidney Waterlow donated his Highgate lands to become a park as a 'garden for the gardenless' many generations of us have enjoyed his fine act of philanthropy. Bloody nice park it is too.

[Classic Jorge]

[Classic Jorge]

I'm only pulling Monty's leg.

[barrybueno]

And that's normally if a newbie is throwing a bbq. Gotta check out any potential new skirt innit.

[Berni]

I grow potatoes in my garden, a. In bags. And French beans, courgettes, peas, cucumbers and tomatoes.

[Monty91]

other kids in the flats while I get on with something vaguely interesting.

I’ve also recently been enjoying the view from my living room of our very attractive Lithuanian neighbour sunbathing.

[Classic Jorge]

And the work means that fridge, washing machine, dishwasher, tables, chairs and all that other ****e needs to go into the living room.

[Berni]

[Classic Jorge]

You do realise this is almost a council estate upbringing for Montinho though, dont you?

[Hendon Gooner (Only Easy Day Was Yesterday))]

They love it there. He's got a nice boat too.

[Steve Williams - gay for Mark Knopfler]

If you know your Emirates geography it was the white apartments building at the junction of Aubert Park and Drayton Park.

Said garden was on the roof, benches and picnic tables. Utterly **** it was as almost any time the sun shone you went up there it was being used.

[7evens]

pissed away over the longer term.

[Hendon Gooner (Only Easy Day Was Yesterday))]

Just hope you will have gainful employment to be able to pay the mortgage.

It's madness..

[Berni]

about me' and be done with it? :rolleyes:

[Steve Williams - gay for Mark Knopfler]

My Mrs never shut the f**k up about the ******* dust.

Unlike I who built Sainsburys and knew one cannot make an omelette without the odd broken egg etc.

[Monty91]

and positively good company.

And if you're outside while someone is having a barbecue (there are about six for communal use) then you invariably end up getting offered free food and booze.

[Rich]

[Steve Williams - gay for Mark Knopfler]

Don't annoy Ash.

[Ashberto]

Although we've fixed the cause of the real leak, the insurance****s are insisting we sort out the few tiny drops coming off the boiler before they'll accept the claim. A claim which could involve gutting the whole place.

Trouble is the old boiler is apparently now illegal to even fix under new flu regulations and we'll have to get a new one, and repositioned from the internal site to against an outside wall which means taking up the half of the living room we're still living in.

Character building stuff. http://www.awimb.com/images/smiley_icons/ohwell.gif

[barrybueno]

I can't even imagine us getting another wicket anymore :hehe:

[Berni]

Also, do you not feel like a freeloading interloper when you start taking other people's food and drink? Do you not think 'These people have invited their friends around for a barbecue and I've just muscled my way in like a massive, massive c**t'?

[Steve Williams - gay for Mark Knopfler]

In a way perfect but also not so given the amount of running around after various parties I can only imagine you and Mrs A had to do.

Can you get a grant on the boiler upgrade linked to improving the heat efficiency (or green-ness) of the flat?

[Monty91]

Highate Independent as he asks why he's being sent to the weird one with teachers who wear sandals, ask to be called by heir first name and is full of poor, black kids.

"Listen kid, it was either this or moving to Harpenden"

[Classic Jorge]

[Ashberto]

won't pay until we've done much of what needs doing. If we're lucky.

Still, solidarity with the camping, brother. :thumbup:

[Classic Jorge]

You could always do a bit of gender dysmorphia training and send him to Channing.

[Classic Jorge]

Who has just been hired by Leicester as their new manager

[Berni]

http://www.stalbansreview.co.uk/news/13420238.Thousands_atte nd_Harpenden_Highland_Gathering/ (http://www.stalbansreview.co.uk/news/13420238.Thousands_attend_Harpenden_Highland_Gathe ring/)

[redgunamo]

[Monty91]

the party.

And we always do the same when we have barbecues. It is most convivial.

It's almost humanising me.

[Berni]

[Berni]

They're hoping you'll have the basic human decency to say 'No thanks, I've already eaten' and leave them to it. But not you. Oh, no. You're straight in there for the free nosh. :shakehead:

[barrybueno]

next week with my mum, dad and sis. If only I was 10 years older... :hehe:

[Steve Williams - gay for Mark Knopfler]

Aussies to presumably try and play to close tomorrow then put you in?

[Ashberto]

and chez my folks while waiting for the leaky bath (the culprit) to be replaced, and for the dehumidifying monster to blast full time.

No idea about the grants for new boilers. If any existed I'm sure the current guvmint will have put a stop to that sort of thing.

N still had a great birthday do anyway, so at least she got that. :-)

[Steve Williams - gay for Mark Knopfler]

One has to enjoy these occasions, or other people's occasions.

[Ashberto]

without constant supervision and anti-nonce patrols. Pity that rare crimes have destroyed childhood. :-(

[Berni]

Psychologically, a huge first innings score puts the next side into bat under huge pressure and allows the fielding side to really attack without worrying about conceding runs. This often means a low score in reply, which gives the other side the option of making the team bat again or 'follow on' if they're 200 or more short of parity, thus allowing the possibility of bowling them out twice for less than the original score made in a single innings. This is what the Aussies will hope to do.

[Berni]

bad parent/nonce facilitator.

[Steve Williams - gay for Mark Knopfler]

I was aware of the concept of the follow-on, just unaware it required a score differential of 200 points.

My education continues. Thank you.

[Steve Williams - gay for Mark Knopfler]

We are in a cul-de-sac so the boys play football and the girls don't.

:cloud9:

Very sadly there is still that ‘nonce alert’ fear even though such crimes are much less common here than in the UK.

They are outside though with restrictions whereas I was outside and the only restriction was being home at some point to be fed.

[Ashberto]

wd Sidney Waterlow. Only man in London to have a statue of himself holding an umbrella, apparently. When he died the workers turned up in droves to show their appreciation for the great man.

[Ashberto]

Highate station is in Archway. Archway station in in Upper Holloway.

The Archway is a failed engineering project which has failed consistently for 200 years. I don't want my manor associated with it. :shout:

[Classic Jorge]

[Ashberto]

Best 'community' I ever lived in.

[Steve Williams - gay for Mark Knopfler]

Dirty protestants.

[barrybueno]

park and play football until it was too dark to carry on, no one gave a toss, it was just the norm.

[Ashberto]

There were possibly as many as two catholic families. It was a beautiful non-sectarian enclave.

[barrybueno]

*Oh boy, he ain't gonna like this :hide:

[Ashberto]

and most of the western end of the Hammersmith and City line shares station names with other stations some distance away.

[PSRB]

[Alexism - Atheoist]

basically an extra insurance since so much of the house is at risk. Beyond that, to be honest, you need to evaluate the growth of your assets vs. projected growth of your real estate and go with whichever is larger.

And as for that, get yer crystal ball out. Will be very regional due to your house location too so you can't really go off national trends for housing.

EDIT just to add another layer of confusion. In US taxes (assuming here) you can deduct mortgage interest payments paid. So that might be a tiebreaker.

[Berni]