pixi

So, let me make sure I have understood this right. You now have a total mortgage of 90k from remortgaging plus 170k balance on new property. Total mortgage of 260k?? That doesn't seem right to me. Also, thanks guys for the PM's...brilliant.

I've just renewed my Freedom membership so I can now receive PM's again. I would really appreciate any help surrounding the tax side of things, so thanks.

Blimey! Ease up kidders, it's only a game show.

Well that's a good enough reason to get off my backside and finally get around to renewing my Freedom! Thanks! This afternoon I have made an appointment to see our mortgage company as a first step. We're going on friday morning. I've looked briefly at the figures of the simplist idea of just selling this place, meaning then using the equity from here and borrowing about £110k to get the new place I have my eye on. I'm looking at an average of £600 per month, which I feel comfortable with. I really don't want to be mortgaged up to my neck, but we will still discuss renting out this place with them. I'm going to try and get someone out to value our place for sale and rent before friday so we can work with some real figures. Now I'm scared. :rotz:

You are not a bad person. There are no hard and fast rules about how or what to feel. If you feel nothing at the moment, then that's just the way it is. You're biggest strength you can draw upon after the event is self awareness. If the situation changes for you as in, how you feel, then try to guide yourself through the grieving process rather than burying your head in the sand, or it has the potential to manifest into a depression. Your son has had the unfortunate luck to experience the shock of death at a very early age. That's rough. He may surprise you in his reaction. Just try and break it to him gently and simply. Also, he may have a whole load of questions he needs answering. But that's your call and only you know your son. If he is able to feel it's ok to cry and ok to be able to talk about his nan when he wants/needs to, it will be a comfort to him. Personally, I agree with assisted suicide under circumstances like this. I hope your mum finds peace.

:confused: £150 a month is what my mortgage is now.

£150 is my current mortgage. I will have to remortgage to a buy to let to keep this place and then get the deposite and mortgage for the other house. Therefore the £150 will increase significantly on this place and I will have a new amount of mortgage on the new house. This place was bought in 1993 when house prices were the price of a very nice car :eek:

Excellent, this is all the advice I was hoping for. I'm slightly concerned by the tax side of things though. Do I need to talk to an accountant before doing any of this, or will a decent FA suffice? Talking about the rise and fall of house prices. There is a website where you can check the actual selling price of a house rather than an asking price. I believe the announcements in the media about house prices are reports on asking prices.

I'll pray for you. As long as you pray for me when my husband finds out I've put our house up for sale/rent on my Facebook page. Welcome to Briskoda and thanks for the advice in my thread.

I need to do a lot of number crunching. All the costs involved in renting out aswell as moving and being able to cover the costs should I be tenantless at any time. So the capital gains tax would be on the sale of the rented property? It's for investment I suppose, but not something that had made it as far as crossing my mind yet Jase, so thanks! My mind is just full of chinese oak floors and ensuits at the moment!!

That is a huge help, thankyou. From your example I can now see how it works. Our house we have now has such a low mortgage (around £150 a month) our yield would probably be ok. Rental around here should fetch around £550 pcm. Obviously, all the other stuff with rental goes with it, but as I say, I'm ok with that. Thanks again, it means I may have a chance to get this house I really want.

Surely someone has done this on here?!! I need to move double quick as I have fallen for a house I have had my eye on for a short while now. I can actually imagine living there and that's only been from the pictures on Rightmove! I'm going to make an appointment with our lenders asap as a first step and take things from there.

Can anyone shed some light on my situation?! We have roughly 100k equity on our current house. I am really keen to move, onwards and upwards to a bigger property but Mr P doesn't want to sell our current home. Instead, he wants to explore keeping it and renting it out and we get another mortgage for a new property. My thoughts are, how the heck are we going to afford to start from scratch and buy a £200k house without that equity behind us. Someone at work mentioned using the equity against the new place, but being able to keep our current house. :confused: Obviously I am planning to speak to a professional, but am keen to learn from those that have done this successfully and can explain it, pitfalls and all. I know all about renting as someone close to me has several properties, it's just the money/deposite side of things I don't understand. Thanks

What did he say when you asked him why he wanted you to move?

Oh bum, we'll be heading up for the bike show on this date. I really wanted to get to a market this year.

Hopefully the first line of my original post will clarify this. As a general comment to all, please can we keep this on topic and refrain from turning it into anything else. I appreciate all your opinions and the reasons you are giving for why you have them. Thanks.

needing an Octavia vrs estate

Give the details to your local RPU, you might get a better result.

That is really clever. I'm too much of a wuss to have one, but one of my colleagues has just had a lovely delicate weave of flowers done around her hand/wrist. It looks lovely. I still worry about what they will look like when people are very old, along with mahoosive whangers!

Cute Wabbit.

I received a cold call from Vodafone about a month ago. I was in a wind up mood and said I wasn't willing to give any of my details unless the caller could proove who they were. It was quite comical, having a stand off, seeing who was going to be the first to give in.

I am loving that tannoy idea! It will make a change from using the pot noodle horn That reminds me, where on earth did it go? It was great for medication time. :P I guess I would like everyone to exercise common sense and a level of personal responsibility. I loathe selfishness.

This could go the other way now. Don't get me started on those that insist on coming to work and spreading their germs! I do not wan't your cold, D&V or whatever else it is that makes you, and soon to be everyone else you come into contact with, infectious. :P

The clip was admittedly funny. Taking the common sense approach and seriousness of what could have happened, it's given out a clear message that the public road is not the place to **** about. I'm glad she got done for it. Stupid mare.

Steady Amanda. That could start a whole new thread on the state of patient care and the NHS!!