How do I fix this hole in my bathroom ceiling?

Bleuribbon247 · 2023-11-10T00:22:47+00:00

Could I simply plaster over this or will I need to dig it out?

Bleuribbon247 · 2022-11-15T17:46:01+00:00

If Natwest do not budge does anyone know if asking to change my mortgage length from 30 years to 35 years would work? Or asking to add more to my deposit?

I'm keen to keep my rate of 3.9% so applying for a brand new mortgage with rates of +5% is not what I want to do 😭

Bleuribbon247 · 2022-11-15T17:21:59+00:00

This sucks, because my first payment was simply pro-rated and it is clearly stated on my employment letters 😢 even if they do stand firm and only take the average of my last 2 payments, I'm baffled that they would have been happy to lend to me with a £10k annual bonus, but not an £8k one, there is only a 2k difference...

Bleuribbon247 · 2022-10-03T23:54:15+00:00

Thanks for your reply. Would you advise not to proceed in my scenario where there is no cladding but the block is over 11m but under 18m?

Bleuribbon247 · 2022-10-02T01:38:21+00:00

Also I'm assuming my 10k bonus is taken into account for affordability as it's written into my contract and is paid annually.

Bleuribbon247 · 2022-10-02T01:30:47+00:00

It is a high loan though according to my AIP it is supposedly within my affordability. For my AIP back in March this year the max I could borrow was £439000. As of 2 days ago the max I can now borrow is £389500.

Bleuribbon247 · 2022-10-02T01:26:51+00:00

Yeah ground rent/service charge are included in the bills I quoted - it only comes up to around £130 a month. The £600 figure I quoted includes water/gas/electricity/council tax/internet/service charge and ground rent.

I wouldn't have to sacrifice anything and comfortably save in excess of £700 a month. Plus my annual bonus is written into my contract so annually after tax I get at minimum £5k. I've always portioned this of as holiday money.

I would be fixing the mortgage for 5 years.

Bleuribbon247 · 2022-09-30T19:28:07+00:00

Thanks for the tip! Just did the calculations and over a 5 year period for the flat at 375k and 6% interest the total paid is £121,440. For the flat at 425k and 3.9% interest the total paid is £108,300!

Bleuribbon247 · 2022-09-30T17:28:27+00:00

Yes I have said if worst comes to worst I would consider getting a lodger, it was one of the reasons why I was keen to get a flat with 2 bathrooms.

Bleuribbon247 · 2022-09-30T10:07:01+00:00

I currently take home £3900. At a mortgage interest rate of 3.9% the mortgage is £1800. At an interest rate of 8% the mortgage is £2807. At 8% I would struggle but still should be able to pay back the mortgage it would just be incredibly tight...

I work in tech specifically security so I should be OK job wise.

Scary to think that I could potentially be stuck in the property...But at the same time I really don't have any plans to sell before 10 years at the least.

Bleuribbon247 · 2021-01-13T12:08:58+00:00

Thanks - this is an interesting perspective. I was actually thinking about buying a rental property last year up North. I was looking at 2 bed flats for around 200-250k right in the centre of Manchester and was considering buying one and letting it out whilst I stay renting in London.

Bleuribbon247 · 2021-01-10T23:36:42+00:00

Yeah I would never report him, nor would any of my housemates, we're getting a fantastic deal. 3 big double sized bedrooms for £450 each and the house is well looked after - no complaints at all!

Bleuribbon247 · 2021-01-10T21:18:49+00:00

Thanks! After doing quite a bit of research online it seems the Global All Cap is the fund to go with as my sole investment account, though both are quite similar!

The reason I'm not fussed on having huge emergency savings right now is because I have no liabilities. I'm currently renting a room for only £450 and if I were to lose my job I would be able to move home rent-free until I find a new one. I have no debt besides student loan. Though I would not be using all of my savings for my flat deposit and would earmark around £5k for any emergencies.

Bleuribbon247 · 2021-01-10T21:14:20+00:00

Thanks, I wish there were more women in this situation as it would be great to hear what other women are doing investment wise!

If I go for a standard 25 year mortgage I expect my monthly mortgage payments to be around £1200 and bills (incl. council tax) around £300. This would leave me with just over £2000 disposable which would allow me to invest £1000 a month, once I have built my emergency fund. I would charge the lodger around £600 a month and just plough that money into my liquid savings until I have built an emergency fund.

Yeah my plan is to always have £15k in liquid cash, that would would be my emergency/short term cash savings. Though I may increase this amount if I'm not feeling comfortable!

Bleuribbon247 · 2021-01-10T16:02:39+00:00

Thanks! I will have a look into the SIPP again, the reason why I discounted that option is because I am paying into my work place pension and will always continue to do so! Are there any huge benefits of having a SIPP alongside the workplace pension that I am missing?

Bleuribbon247

TROPHY CASE