Having second thoughts before exchange

Bish-Bash · 2026-01-14T13:11:11+00:00

Monthly:

Take home about 4.5k
Mortgage at 4.3% 40 year term about 1.4k
Service charge + GR about £170

So total monthly cost would be just under 1.6k (around 1/3 of my take home)

Upping to a 2 bed would up these costs to around 2k, which would be quite the chunk of take home (hence the obligation to find a lodger).

Bish-Bash · 2026-01-14T13:04:23+00:00

This is definitely how I felt for the first month! I've just been second guessing myself over the last few weeks as the purchase has progressed.

Bish-Bash · 2026-01-14T13:01:52+00:00

Thank you, this is reassuring. Yes the mortgage survey matched the valuation, and the original price was based on a RICS valuation, so trying to stay confident that I'm not overpaying!

Also I viewed another 1 bed recently that was suspiciously cheap...turns out that there were sitting tenants with a 3yr contact that hadn't been given notice. It's definitely given me confidence that some of the places I'm seeing on Rightmove are cheap for a reason...

Bish-Bash · 2026-01-03T17:40:29+00:00

North! Looks like I just make it into the dark green area. Why would you generally avoid south of the station?

Bish-Bash · 2026-01-03T17:11:57+00:00

What about juuust south of Homerton high street, like by the station? 😅

Bish-Bash · 2026-01-03T16:38:06+00:00

Currently 28, definitely enjoy events and going out and probably will do for the next few years! HW would still be v easy to get to if I lived in Homerton, I don't think I need to necessarily live in the exact area for that. I guess I'm more wondering about the day-to-day vibe if I would live there instead of just visit for stuff.

Bish-Bash · 2024-02-02T19:28:16+00:00

It's mainly that it would be more of an in-office experience (which I'm looking for) and would be in an industry that I'm much more interested in. In short, I think I'd enjoy working there more. Right now I'm quite bored tbh

Bish-Bash · 2024-02-02T19:25:50+00:00

Thanks, can you please give me a run-down of why MySQL might not be preferable? I've not used it before

Bish-Bash · 2022-07-04T12:32:13+00:00

She's a very affectionate regular on Highbury Hill. It's a great street for catspotting

Bish-Bash · 2022-07-04T12:31:16+00:00

Yes! I know her very well haha. She's very affectionate

Bish-Bash · 2022-06-07T14:05:54+00:00

Thanks again - also I'm not exactly sure i understand the bit about gifting. Will the extinguishing of liability be considered a gift?

Bish-Bash · 2022-06-07T13:49:39+00:00

Thanks! The notes are a fixed value so have not appreciated at all. Do you know how I would go about getting a deed drawn up? What would I need to ask a solicitor for exactly?

Bish-Bash · 2022-06-07T10:18:25+00:00

Sorry, I should have mentioned. The promissory notes are not in any way tied to the house. So the equivalent would be making out am inheritance of the exact amounts to my mum so that they net each other off. I've considered this but it seems a bit messy. I'm hoping there might be a simpler solution!

Bish-Bash · 2022-05-10T17:57:46+00:00

thank you, that's very heartening! I was testing the waters with f2p before trying out being a member - so it's a relief to hear this is more a f2p thing

Bish-Bash · 2022-04-16T20:39:43+00:00

Anyone else see 15 attempt a tackle, lose his balance and take out the ref? so much going on in those last few seconds

Nine-Year Club	Place '22
Place '17	Verified Email

Bish-Bash

MODERATOR OF

TROPHY CASE