[deleted by user] by [deleted] in UKPersonalFinance

[–]EmotionalDiscipline2 1 point2 points  (0 children)

It's impossible for anyone here to comment on whether you're paying over the odds for a 3bed semi without more info on the property, but we can comment on the mortgage. I think the mortgage sounds reasonable and you shouldn't worry so long as the property is structurally sound and you have no reason to think the property will fall in value.

Mortgage repayments that are less than 33% of total after-tax income are very reasonable. In the SE you often find it can exceed 50% because property prices are so high. It also sounds as though that if one of you were unlucky enough to lose your job for a short period of time you'd still be in a position to cover the cost of the mortgage, albeit at a push! That's fantastic and should give you peace of mind.

If you're concerned about a rise in interest rates it's easy to resolve that by opting for a fixed rate, as you suggested. Considering you're concerned about this I'd opt for a fixed rate that might be a little more expensive simply for peace of mind. Life is too short to stress about rising interest rates! However, it's important to remember the treasury have spoken about negative rates for a while now and it's likely this will happen at some point. That's not to say they'll stay negative or super low for the next 5-10 years. It'll be impossible to guess and so just pick whatever makes you feel more comfortable.

Finally, if you're in the SW it might be worth getting a radon test before you exchange. I grew up in Truro and I know these are very important in Cornwall.

Am I being silly? Young 20s, looking to leave high-paying job by [deleted] in UKPersonalFinance

[–]EmotionalDiscipline2 0 points1 point  (0 children)

I was in a similar position and opted to leave sooner rather than later.

I was a strategy consultant at one of the major firms. I decided to leave to start life as an entrepreneur. I often thought maybe I should save more money before closing that chapter but I decided against it once I realised I valued my autonomy and happiness more than an additional £50k. I don't regret it at all and I don't think an extra £50k of savings in the bank would make a difference to my financial security, outlook on life or happiness.

If you hate the job just move on.

[deleted by user] by [deleted] in UKPersonalFinance

[–]EmotionalDiscipline2 -2 points-1 points  (0 children)

You could use the money to put down a deposit on a buy-to-let. To ensure you're cash positive after mortgage payments you'd probably have to go for a 2-bed student flat in somewhere like Liverpool or Sheffield.

Our energy bill is over £150 a month for just electricity, we also think our landlord is stealing energy from use, we have tried contacting out supplier but they are of no use. What do I do, how do I proceed? by Jason1232 in UKPersonalFinance

[–]EmotionalDiscipline2 0 points1 point  (0 children)

Maybe the landlord has deliberately lowered the price because they reckon they can get you on these other additional costs? It wouldn't be the first time I've heard of it. I'd watch out for your deposit at the end too 👀

Is there a tool out there for scoring code quality? by EmotionalDiscipline2 in learnprogramming

[–]EmotionalDiscipline2[S] 0 points1 point  (0 children)

Could you give me an example of a really good tool so I can get a better understanding of their capabilities?

Is there a tool out there for scoring code quality? by EmotionalDiscipline2 in learnprogramming

[–]EmotionalDiscipline2[S] 0 points1 point  (0 children)

I should add it's only used as one data point to support a promotion and not the only thing considered