I spent the first eighteen years of my life living with my family; my two parents, my little sister, a dog, and a cat. A busy household with school, parents’ careers, and animals running around. It was great. Then went the big move to university. All of a sudden I had higher bills, smaller space to myself… But I had a lock on my own … Continue reading Co-op Living: why shouldn’t adults have housemates?
Lowering the cost of your mortgage isn’t just a case of finding a lower interest rate. Over a typical 25 year term, a £100,000 mortgage costs over £177,000 to repay (assumes interest rate of 5%). To celebrate UK Financial Planning Week, Danny Cox CFP, Head of Financial Planning at Hargreaves Lansdown looks at ways to cut the total cost of buying your home. You’ll find … Continue reading 5 ways to reduce the cost of your mortgage
Is it sensible to ‘buy’ a house if actually you are just renting it from the bank or building society? If your mortgage on a 4 bed house in the Kentish suburbs is £1500 a month, and £1200 of that is the interest,… and you could rent a 4 bed house for £1000 a month, then even ensuring that you save £300 a month (as … Continue reading Should you rent or buy?
Just a quick note to say have a play with this rent or buy calculator, and let me know how you get on. Usual caveats apply: this is general statistical modelling and not specific to your financial situation. Don’t make decisions based on this, but talk to a financial advisor before making any financial decisions. New York Times – Rent or Buy calculator Continue reading New York Times: Rent or Buy Calculator