Omega Owners Forum
Chat Area => General Car Chat => Topic started by: Field Marshal Dr. Opti on 20 July 2018, 11:11:05
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Who decides what and how much?
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Its actually quite tightly regulated the BVRLA have a guidance document that should tell you what you need to know.
https://www.bvrla.co.uk/service/fair-wear-and-tear-guides (https://www.bvrla.co.uk/service/fair-wear-and-tear-guides)
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Its actually quite tightly regulated the BVRLA have a guidance document that should tell you what you need to know.
https://www.bvrla.co.uk/service/fair-wear-and-tear-guides (https://www.bvrla.co.uk/service/fair-wear-and-tear-guides)
But presumably there is an inspection by a 'human being' Jimmy.
He should be objective in his appraisal but I imagine most find fault where none exists.
Something similar to handing back an immaculate hire car only to find they have sent you a bill for £2000, I imagine.
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Its actually quite tightly regulated the BVRLA have a guidance document that should tell you what you need to know.
https://www.bvrla.co.uk/service/fair-wear-and-tear-guides (https://www.bvrla.co.uk/service/fair-wear-and-tear-guides)
But presumably there is an inspection by a 'human being' Jimmy.
He should be objective in his appraisal but I imagine most find fault where none exists.
Something similar to handing back an immaculate hire car only to find they have sent you a bill for £2000, I imagine.
I think you need to seriously think about changing your username :)
Pessi? ::)
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Its actually quite tightly regulated the BVRLA have a guidance document that should tell you what you need to know.
https://www.bvrla.co.uk/service/fair-wear-and-tear-guides (https://www.bvrla.co.uk/service/fair-wear-and-tear-guides)
But presumably there is an inspection by a 'human being' Jimmy.
He should be objective in his appraisal but I imagine most find fault where none exists.
Something similar to handing back an immaculate hire car only to find they have sent you a bill for £2000, I imagine.
I think you need to seriously think about changing your username :)
Pessi? ::)
I have a healthy distrust of car dealers and finance. I deeply distrust bankers, politicians, and estate agents........and all scousers, especially scouse car dealers and estate agents :)
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Who decides what and how much?
Your Jag not on PCP surely ::)
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Who decides what and how much?
Your Jag not on PCP surely ::)
Noooo.....Jag is all mine, as has been every other car I have owned.
Mrs Opti is is smitten by by the Kia Stinger and we took a test drive in Grantham yesterday. I'm not selling the Jag so I'm considering if an additional car would be feasible on PCP.
A nominal £5000 deposit would mean payments of £563 for 36 months. GFV £17400.
I have to say it is an impressive car for the money. It comes with literally everything.
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Who decides what and how much?
Your Jag not on PCP surely ::)
Noooo.....Jag is all mine, as has been every other car I have owned.
Mrs Opti is is smitten by by the Kia Stinger and we took a test drive in Grantham yesterday. I'm not selling the Jag so I'm considering if an additional car would be feasible on PCP.
A nominal £5000 deposit would mean payments of £563 for 36 months. GFV £17400.
I have to say it is an impressive car for the money. It comes with literally everything.
Come find me in 3 yrs and I'll give you the cash myself :).
Is that for the 3.3T?
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Who decides what and how much?
Your Jag not on PCP surely ::)
Noooo.....Jag is all mine, as has been every other car I have owned.
Mrs Opti is is smitten by by the Kia Stinger and we took a test drive in Grantham yesterday. I'm not selling the Jag so I'm considering if an additional car would be feasible on PCP.
A nominal £5000 deposit would mean payments of £563 for 36 months. GFV £17400.
I have to say it is an impressive car for the money. It comes with literally everything.
I like the look of the Stinger,but not at 560 a month ,give it a couple of years and they'll be around for half that
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Who decides what and how much?
Your Jag not on PCP surely ::)
Noooo.....Jag is all mine, as has been every other car I have owned.
Mrs Opti is is smitten by by the Kia Stinger and we took a test drive in Grantham yesterday. I'm not selling the Jag so I'm considering if an additional car would be feasible on PCP.
A nominal £5000 deposit would mean payments of £563 for 36 months. GFV £17400.
I have to say it is an impressive car for the money. It comes with literally everything.
Come find me in 3 yrs and I'll give you the cash myself :).
Is that for the 3.3T?
Yep.....list is £40495. The only option available is fancy paint taking it to £41125.
Initially the sales guy said that Kia would not allow any discounting on new cars so I would need to pay full list.
Two cups of coffee later a brand new car with 12 months road tax and 6 services included could be had for £37850 OTR......which is no more than a new Insignia or Mondeo.
I'm tempted.
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Who decides what and how much?
Your Jag not on PCP surely ::)
Noooo.....Jag is all mine, as has been every other car I have owned.
Mrs Opti is is smitten by by the Kia Stinger and we took a test drive in Grantham yesterday. I'm not selling the Jag so I'm considering if an additional car would be feasible on PCP.
A nominal £5000 deposit would mean payments of £563 for 36 months. GFV £17400.
I have to say it is an impressive car for the money. It comes with literally everything.
I like the look of the Stinger,but not at 560 a month ,give it a couple of years and they'll be around for half that
Presently used cars are being kept at an artificially high price by dealers, so they don't sell. Around £35000 for a 67 plate with 5000 miles. Cheaper to buy new at the moment.
It won't last though.
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Who decides what and how much?
Your Jag not on PCP surely ::)
Noooo.....Jag is all mine, as has been every other car I have owned.
Mrs Opti is is smitten by by the Kia Stinger and we took a test drive in Grantham yesterday. I'm not selling the Jag so I'm considering if an additional car would be feasible on PCP.
A nominal £5000 deposit would mean payments of £563 for 36 months. GFV £17400.
I have to say it is an impressive car for the money. It comes with literally everything.
Come find me in 3 yrs and I'll give you the cash myself :).
Is that for the 3.3T?
Yep.....list is £40495. The only option available is fancy paint taking it to £41125.
Initially the sales guy said that Kia would not allow any discounting on new cars so I would need to pay full list.
Two cups of coffee later a brand new car with 12 months road tax and 6 services included could be had for £37850 OTR......which is no more than a new Insignia or Mondeo.
I'm tempted.
That's a lot more than a new Insignia or Mondeo and into Evoque territory!
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Who decides what and how much?
Your Jag not on PCP surely ::)
Noooo.....Jag is all mine, as has been every other car I have owned.
Mrs Opti is is smitten by by the Kia Stinger and we took a test drive in Grantham yesterday. I'm not selling the Jag so I'm considering if an additional car would be feasible on PCP.
A nominal £5000 deposit would mean payments of £563 for 36 months. GFV £17400.
I have to say it is an impressive car for the money. It comes with literally everything.
Come find me in 3 yrs and I'll give you the cash myself :).
Is that for the 3.3T?
Yep.....list is £40495. The only option available is fancy paint taking it to £41125.
Initially the sales guy said that Kia would not allow any discounting on new cars so I would need to pay full list.
Two cups of coffee later a brand new car with 12 months road tax and 6 services included could be had for £37850 OTR......which is no more than a new Insignia or Mondeo.
I'm tempted.
That's a lot more than a new Insignia or Mondeo and into Evoque territory!
I reckon its more car than any of them ???
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My only experience of this was with my 2 year old Seat Altea XL, used as a taxi. 135k miles on it with full Seat service history. When I threw it back I did the following to it...
1. Replaced drivers seat base foam. It had collapsed.
2. Removed and washed the rear seat covers. The interior was a medium grey which waterstained badly.
3. Replaced the undertrays. Fully loaded it used to catch the back end of them on speed humps.
4. Gave it a thorough wash and polish.
5. Replaced the binnacle cover. Had a notch cut into it for taxi wiring.
All the above cost about £120 and time.
The bloke who inspected it simply looked around it taking notes and took a few general pictures of the car. His only immediate concern was that the car was driving, taxed, MoT'd where applicable and that the tyres were legal.
Stone chips and the like are acceptable if comesurate with mileage. Any obvious damage or signs of neglect will cost you dearly and with a PCP, any excess mileage charges will see your bank balance battered.
If I may be so bold, look at the numbers for HP over a 4/5 years and hand it back at the halfway point. Check the small print and ask the question directly. But you should save most of the deposit/better interest/no mileage limitations...
HTH :y
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If I may be so bold, look at the numbers for HP over a 4/5 years and hand it back at the halfway point. Check the small print and ask the question directly. But you should save most of the deposit/better interest/no mileage limitations...
Last time I did the sums on that, it made the monthly payment significantly more expensive - he'll be financing £17k extra, almost 50% more, over an extra 12-24 months..
Interest rates have gone up, though, since my last deal, so maybe it's more attractive now.
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Such a purchase would be an unnecessary indulgence though.
Mrs Opti already has the envious choice between a 15 year old Corsa and a 10 year old Signum. :)
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.....actually the mighty Signum is now 11 years old. :)
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If I may be so bold, look at the numbers for HP over a 4/5 years and hand it back at the halfway point. Check the small print and ask the question directly. But you should save most of the deposit/better interest/no mileage limitations...
Last time I did the sums on that, it made the monthly payment significantly more expensive - he'll be financing £17k extra, almost 50% more, over an extra 12-24 months..
Interest rates have gone up, though, since my last deal, so maybe it's more attractive now.
But don't forget that the deposit is lower and the term is shorter, so effectively 24 months HP rather than 48 ;)
So like for like the payments ought to be lower. Especially if excess mileage comes into play...
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My only experience of this was with my 2 year old Seat Altea XL, used as a taxi. 135k miles on it with full Seat service history. When I threw it back I did the following to it...
1. Replaced drivers seat base foam. It had collapsed.
2. Removed and washed the rear seat covers. The interior was a medium grey which waterstained badly.
3. Replaced the undertrays. Fully loaded it used to catch the back end of them on speed humps.
4. Gave it a thorough wash and polish.
5. Replaced the binnacle cover. Had a notch cut into it for taxi wiring.
All the above cost about £120 and time.
The bloke who inspected it simply looked around it taking notes and took a few general pictures of the car. His only immediate concern was that the car was driving, taxed, MoT'd where applicable and that the tyres were legal.
Stone chips and the like are acceptable if comesurate with mileage. Any obvious damage or signs of neglect will cost you dearly and with a PCP, any excess mileage charges will see your bank balance battered.
If I may be so bold, look at the numbers for HP over a 4/5 years and hand it back at the halfway point. Check the small print and ask the question directly. But you should save most of the deposit/better interest/no mileage limitations...
HTH :y
What of the outstanding balance?
Can this be done if a purchaser has made 50% or more of the payments?
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Such a purchase would be an unnecessary indulgence though.
Mrs Opti already has the envious choice between a 15 year old Corsa and a 10 year old Signum. :)
new seat covers and a fresh magic tree air freshener for the corsa
job done :y
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Such a purchase would be an unnecessary indulgence though.
Mrs Opti already has the envious choice between a 15 year old Corsa and a 10 year old Signum. :)
new coloured seat covers and a fresh magic tree air freshener for the corsa
job done :y
FTFY
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Such a purchase would be an unnecessary indulgence though.
Mrs Opti already has the envious choice between a 15 year old Corsa and a 10 year old Signum. :)
Doesn't she realise what a very lucky girl she is M'lud? ::)
Offer her a new kitchen instead, which will not only add value to Opti Towers, but will be much cheaper than a Kia! :y
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Can't imagine paying over £500 a month for a car, never paid that much for a house !
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Its actually quite tightly regulated the BVRLA have a guidance document that should tell you what you need to know.
https://www.bvrla.co.uk/service/fair-wear-and-tear-guides (https://www.bvrla.co.uk/service/fair-wear-and-tear-guides)
But presumably there is an inspection by a 'human being' Jimmy.
He should be objective in his appraisal but I imagine most find fault where none exists.
Something similar to handing back an immaculate hire car only to find they have sent you a bill for £2000, I imagine.
I'm sure it will be a transparent and fair as wear and tear on rented property, where you can expect to get with no quibble all your deposit back. ::) ::) ::)
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My only experience of this was with my 2 year old Seat Altea XL, used as a taxi. 135k miles on it with full Seat service history. When I threw it back I did the following to it...
1. Replaced drivers seat base foam. It had collapsed.
2. Removed and washed the rear seat covers. The interior was a medium grey which waterstained badly.
3. Replaced the undertrays. Fully loaded it used to catch the back end of them on speed humps.
4. Gave it a thorough wash and polish.
5. Replaced the binnacle cover. Had a notch cut into it for taxi wiring.
All the above cost about £120 and time.
The bloke who inspected it simply looked around it taking notes and took a few general pictures of the car. His only immediate concern was that the car was driving, taxed, MoT'd where applicable and that the tyres were legal.
Stone chips and the like are acceptable if comesurate with mileage. Any obvious damage or signs of neglect will cost you dearly and with a PCP, any excess mileage charges will see your bank balance battered.
If I may be so bold, look at the numbers for HP over a 4/5 years and hand it back at the halfway point. Check the small print and ask the question directly. But you should save most of the deposit/better interest/no mileage limitations...
HTH :y
What of the outstanding balance?
Can this be done if a purchaser has made 50% or more of the payments?
Exactly this... Either after the halfway point, or you can preempt it by overpaying the shortfall... ie say term is 48x£200, tp £9600. Halfway is 24x200, or £4800. Now let's say you have paid 20 months worth and you are now bored, simply pay £800 (4x£200) and call it done.
You should also receive a rebate for the interest on the second half as this is generally paid by the first 9 months or so of payments. :y
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Can't imagine paying over £500 a month for a car, never paid that much for a house !
I think they are coming up with 40yr mortgages now, to try to keep monthly repayments under £2k per month ;)
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Can't imagine paying over £500 a month for a car, never paid that much for a house !
A young lad at work (early 30s) has just re-mortgaged to get a better interest rate. He's borrowed £220 000 and his monthly payments are getting on for £900 a month :o :o :o :o
I hope for his (& others) that the interest rates don't return to those of the late 80s/early 90s
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Can't imagine paying over £500 a month for a car, never paid that much for a house !
I think they are coming up with 40yr mortgages now, to try to keep monthly repayments under £2k per month ;)
You say that like it's a really good thing...
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Can't imagine paying over £500 a month for a car, never paid that much for a house !
I think, if you bought now (without a 50% deposit), you'd be paying more than that even in Lincolnshire..
..though a friend is buying a 3 bed terrace in Bolton for £60k, so there are cheap places to live.
..if you want to live in Bolton :o ;D
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Can't imagine paying over £500 a month for a car, never paid that much for a house !
A young lad at work (early 30s) has just re-mortgaged to get a better interest rate. He's borrowed £220 000 and his monthly payments are getting on for £900 a month :o :o :o :o
I hope for his (& others) that the interest rates don't return to those of the late 80s/early 90s
This is common place now, it's nearly identical to what I'm looking at for the next house. Although I'm surprised his monthly's are not over the £1k, guessing a longer term than what I'm looking at.
Hope he is going fixed rate, I will be, on a 5 year term.
Can't imagine paying over £500 a month for a car, never paid that much for a house !
I prefer to own out-right, the Zafira is all paid for, as even on PCP the consumables can make it seriously expensive. A neighbour has an A-250 Merc on finance, just had 4 new tyres, so £800 + her usual monthly. Not sure I could cope with that, the monthly yes, but not extras. Plus at the end, you don't actually own it, so have nothing really to show for it.
Rather do a Tesco type loan similar amount, buy car outright, so at least at the end you own it without extra massive payment.
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Can't imagine paying over £500 a month for a car, never paid that much for a house !
I think they are coming up with 40yr mortgages now, to try to keep monthly repayments under £2k per month ;)
That implies you have to take out a mortgage age 25 or less.
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That implies you have to take out a mortgage age 25 or less.
Nobody will retire at 65.. Even mine is 68, and I'm more likely to be working until 70 (when my mortgage ends - a 30yr mortgage that began when I was almost 40..). I fully expect the state pension age to increase over time for those younger than me and, quite possibly, me. Assuming a state pension still exists at all by then.
Most mortgage companies now simply ask "When do you plan to retire?" and you can say anything you like, up to 70.
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That implies you have to take out a mortgage age 25 or less.
Nobody will retire at 65.. Even mine is 68, and I'm more likely to be working until 70 (when my mortgage ends - a 30yr mortgage that began when I was almost 40..). I fully expect the state pension age to increase over time for those younger than me and, quite possibly, me. Assuming a state pension still exists at all by then.
Most mortgage companies now simply ask "When do you plan to retire?" and you can say anything you like, up to 70.
Okay....smartarse. :)
This implies you need to take out a mortgage age 28 or less. Back in 1960 first time buyers were in their early twenties. Today, the average first time buyer is 84. :)
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Well.. my last mortgage wasn't due to end until I was 72, so I guess somewhere in the early to mid 30s would be the latest you could take a 40 year mortgage out.
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Well.. my last mortgage wasn't due to end until I was 72, so I guess somewhere in the early to mid 30s would be the latest you could take a 40 year mortgage out.
That'll never fly.
Even if people can work longer many will be too old and infirm to hold down a job. :)
Repossessions will become very popular again. :)
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When we bought this place two years ago (for a lot less than you chaps further south pay), I was determined that the mortgage would be finished by the time Mo was 60. Her retirement age is 67, but there was no way I was prepared to make her carry on after 60 just because of a mortgage.
So, 15 year mortgage on a £94500 loan (after 10% deposit) comes in at £697 a month, 5 year fixed. We pay £850 at the moment and I'm going to increase that to £1000 soon. She should be mortgage free by the time she is 56-57.
In case you were wondering, I will probably be dead. ;D
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When we bought this place two years ago (for a lot less than you chaps further south pay), I was determined that the mortgage would be finished by the time Mo was 60. Her retirement age is 67, but there was no way I was prepared to make her carry on after 60 just because of a mortgage.
So, 15 year mortgage on a £94500 loan (after 10% deposit) comes in at £697 a month, 5 year fixed. We pay £850 at the moment and I'm going to increase that to £1000 soon. She should be mortgage free by the time she is 56-57.
In case you were wondering, I will probably be dead. ;D
That will be a real shame. ::) ::) :)
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When we bought this place two years ago (for a lot less than you chaps further south pay), I was determined that the mortgage would be finished by the time Mo was 60. Her retirement age is 67, but there was no way I was prepared to make her carry on after 60 just because of a mortgage.
So, 15 year mortgage on a £94500 loan (after 10% deposit) comes in at £697 a month, 5 year fixed. We pay £850 at the moment and I'm going to increase that to £1000 soon. She should be mortgage free by the time she is 56-57.
In case you were wondering, I will probably be dead. ;D
That will be a real shame. ::) ::) :)
Well....I certainly won't care. ;D
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When we bought this place two years ago (for a lot less than you chaps further south pay), I was determined that the mortgage would be finished by the time Mo was 60. Her retirement age is 67, but there was no way I was prepared to make her carry on after 60 just because of a mortgage.
So, 15 year mortgage on a £94500 loan (after 10% deposit) comes in at £697 a month, 5 year fixed. We pay £850 at the moment and I'm going to increase that to £1000 soon. She should be mortgage free by the time she is 56-57.
In case you were wondering, I will probably be dead. ;D
Most mortgages offer a 10% overpay facility each year without penalties.
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When we bought this place two years ago (for a lot less than you chaps further south pay), I was determined that the mortgage would be finished by the time Mo was 60. Her retirement age is 67, but there was no way I was prepared to make her carry on after 60 just because of a mortgage.
So, 15 year mortgage on a £94500 loan (after 10% deposit) comes in at £697 a month, 5 year fixed. We pay £850 at the moment and I'm going to increase that to £1000 soon. She should be mortgage free by the time she is 56-57.
In case you were wondering, I will probably be dead. ;D
That will be a real shame. ::) ::) :)
Well....I certainly won't care. ;D
You remember when Diana died?
Well.....when you drop off the perch it probably won't be like that. :)
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When we bought this place two years ago (for a lot less than you chaps further south pay), I was determined that the mortgage would be finished by the time Mo was 60. Her retirement age is 67, but there was no way I was prepared to make her carry on after 60 just because of a mortgage.
So, 15 year mortgage on a £94500 loan (after 10% deposit) comes in at £697 a month, 5 year fixed. We pay £850 at the moment and I'm going to increase that to £1000 soon. She should be mortgage free by the time she is 56-57.
In case you were wondering, I will probably be dead. ;D
Most mortgages offer a 10% overpay facility each year without penalties.
I know...that's while the rate is fixed. If you stay with them once it reverts to a variable rate, you can pay what you like, without penalty.
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When we bought this place two years ago (for a lot less than you chaps further south pay), I was determined that the mortgage would be finished by the time Mo was 60. Her retirement age is 67, but there was no way I was prepared to make her carry on after 60 just because of a mortgage.
So, 15 year mortgage on a £94500 loan (after 10% deposit) comes in at £697 a month, 5 year fixed. We pay £850 at the moment and I'm going to increase that to £1000 soon. She should be mortgage free by the time she is 56-57.
In case you were wondering, I will probably be dead. ;D
That will be a real shame. ::) ::) :)
Well....I certainly won't care. ;D
You remember when Diana died?
Well.....when you drop off the perch it probably won't be like that. :)
Newcastle were due to play Liverpool on the Saturday afternoon and they cancelled it. I've never really forgiven her for that.
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When we bought this place two years ago (for a lot less than you chaps further south pay), I was determined that the mortgage would be finished by the time Mo was 60. Her retirement age is 67, but there was no way I was prepared to make her carry on after 60 just because of a mortgage.
So, 15 year mortgage on a £94500 loan (after 10% deposit) comes in at £697 a month, 5 year fixed. We pay £850 at the moment and I'm going to increase that to £1000 soon. She should be mortgage free by the time she is 56-57.
In case you were wondering, I will probably be dead. ;D
That will be a real shame. ::) ::) :)
Well....I certainly won't care. ;D
You remember when Diana died?
Well.....when you drop off the perch it probably won't be like that. :)
Newcastle were due to play Liverpool on the Saturday afternoon and they cancelled it. I've never really forgiven her for that.
Maybe the same will happen when you curl your toes up?.... ::) ::) ::) It could happen. Honest it could. :)
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When we bought this place two years ago (for a lot less than you chaps further south pay), I was determined that the mortgage would be finished by the time Mo was 60. Her retirement age is 67, but there was no way I was prepared to make her carry on after 60 just because of a mortgage.
So, 15 year mortgage on a £94500 loan (after 10% deposit) comes in at £697 a month, 5 year fixed. We pay £850 at the moment and I'm going to increase that to £1000 soon. She should be mortgage free by the time she is 56-57.
In case you were wondering, I will probably be dead. ;D
That will be a real shame. ::) ::) :)
Well....I certainly won't care. ;D
You remember when Diana died?
Well.....when you drop off the perch it probably won't be like that. :)
Newcastle were due to play Liverpool on the Saturday afternoon and they cancelled it. I've never really forgiven her for that.
Maybe the same will happen when you curl your toes up?.... ::) ::) ::) It could happen. Honest it could. :)
Judging by my family history, I reckon I'll see 85, 90, maybe more. So hard cheese, old boy, you'll be senile long before I pop my clogs. :P
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When we bought this place two years ago (for a lot less than you chaps further south pay), I was determined that the mortgage would be finished by the time Mo was 60. Her retirement age is 67, but there was no way I was prepared to make her carry on after 60 just because of a mortgage.
So, 15 year mortgage on a £94500 loan (after 10% deposit) comes in at £697 a month, 5 year fixed. We pay £850 at the moment and I'm going to increase that to £1000 soon. She should be mortgage free by the time she is 56-57.
In case you were wondering, I will probably be dead. ;D
That will be a real shame. ::) ::) :)
Well....I certainly won't care. ;D
You remember when Diana died?
Well.....when you drop off the perch it probably won't be like that. :)
Newcastle were due to play Liverpool on the Saturday afternoon and they cancelled it. I've never really forgiven her for that.
Maybe the same will happen when you curl your toes up?.... ::) ::) ::) It could happen. Honest it could. :)
Judging by my family history, I reckon I'll see 85, 90, maybe more. So hard cheese, old boy, you'll be senile long before I pop my clogs. :P
I reckon you and Albs will end up in the same home for the 'terminally befuddled'.
You may even share a room.
It'll be nice to have some company. :)
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I reckon you and Albs will end up in the same home for the 'terminally befuddled'.
You may even share a room.
It'll be nice to have some company. :)
Maybe they could put the 3 of you old boys in together. :y
Then you could all talk your drivel at each other all day, and the rest of us wouldn't have to waste time reading through it all. :P :)
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I reckon you and Albs will end up in the same home for the 'terminally befuddled'.
You may even share a room.
It'll be nice to have some company. :)
Maybe they could put the 3 of you old boys in together. :y
Then you could all talk your drivel at each other all day, and the rest of us wouldn't have to waste time reading through it all. :P :)
That would be hell on Earth.
I'm an articulate educated man. Put me in close proximity with a gobby light-fingered scouser, and a man who thinks bankers walk on water and it will not end well. :)
You can take my place , Sir Tig. :)
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I reckon you and Albs will end up in the same home for the 'terminally befuddled'.
You may even share a room.
It'll be nice to have some company. :)
Maybe they could put the 3 of you old boys in together. :y
Then you could all talk your drivel at each other all day, and the rest of us wouldn't have to waste time reading through it all. :P :)
That would be hell on Earth.
I'm an articulate educated man. Put me in close proximity with a gobby light-fingered scouser, and a man who thinks bankers walk on water and it will not end well. :)
You can take my place , Sir Tig. :)
We could get a car share going too. You use mine for a nice day out at the seaside and I rag yours around the streets of Liverpool. :)
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Can't imagine paying over £500 a month for a car, never paid that much for a house !
A young lad at work (early 30s) has just re-mortgaged to get a better interest rate. He's borrowed £220 000 and his monthly payments are getting on for £900 a month :o :o :o :o
I hope for his (& others) that the interest rates don't return to those of the late 80s/early 90s
This is common place now, it's nearly identical to what I'm looking at for the next house. Although I'm surprised his monthly's are not over the £1k, guessing a longer term than what I'm looking at.
Hope he is going fixed rate, I will be, on a 5 year term.
Can't imagine paying over £500 a month for a car, never paid that much for a house !
I prefer to own out-right, the Zafira is all paid for, as even on PCP the consumables can make it seriously expensive. A neighbour has an A-250 Merc on finance, just had 4 new tyres, so £800 + her usual monthly. Not sure I could cope with that, the monthly yes, but not extras. Plus at the end, you don't actually own it, so have nothing really to show for it.
Rather do a Tesco type loan similar amount, buy car outright, so at least at the end you own it without extra massive payment.
But you still have the loan payment plus all the extras... Still a mugs game...
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If you can make it through the next 20 years, then on average you can expect to live to at least 100 in as good a health as in 20 years time, before you decline rapidly from telemine deplitation, according to an economist that specialises in health and long life. His comment is always that in 20 years time the current healthcare will look like the stone age. :y :y :y
Talking of which where my dad had MS in later life, they have now found the combination of two viruses that trigger it and looking to create a vaccine to stop the most common one, so they can eradicate it. :y :y :y
Changing back to the thread, my mortgage is until I'm 70 and it is now common to extend beyond this. ???
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If you can make it through the next 20 years
None of us are making it through the next 20 years. Trump, Putin, Kim.. someone will hit the big red nuke button before then.
So .. might as well enjoy it now! ;)
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Changing back to the thread, my mortgage is until I'm 70 and it is now common to extend beyond this. ???
Indeed, we have just been through this, particularly painful process. Apparently most lenders now will accept you taking the term to either 78 or 80yrs old, just with some reassurances that that's when you plan to retire :o. Above that, they want to see evidence of pension income (quite how you do that 30-35yrs our from your retirement date I do not know).
However, going that long on a mortgage strikes me as false economy, surely in the first 5-7yrs you're paying off so little capital its basically like renting :-\
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Changing back to the thread, my mortgage is until I'm 70 and it is now common to extend beyond this. ???
Indeed, we have just been through this, particularly painful process. Apparently most lenders now will accept you taking the term to either 78 or 80yrs old, just with some reassurances that that's when you plan to retire :o. Above that, they want to see evidence of pension income (quite how you do that 30-35yrs our from your retirement date I do not know).
However, going that long on a mortgage strikes me as false economy, surely in the first 5-7yrs you're paying off so little capital its basically like renting :-\
There are several threads on MSE forums about this subject. Paying off the mortgage can become a complete obsession to some people, whereby they're buying cheap tins of beans to save the coppers to put towards their monthly overpayment. I kid you not.
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Changing back to the thread, my mortgage is until I'm 70 and it is now common to extend beyond this. ???
Indeed, we have just been through this, particularly painful process. Apparently most lenders now will accept you taking the term to either 78 or 80yrs old, just with some reassurances that that's when you plan to retire :o. Above that, they want to see evidence of pension income (quite how you do that 30-35yrs our from your retirement date I do not know).
However, going that long on a mortgage strikes me as false economy, surely in the first 5-7yrs you're paying off so little capital its basically like renting :-\
:o :o :o
My budget is based on 65 year retirement age, this might explain why some appear to be able to borrow more.
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Changing back to the thread, my mortgage is until I'm 70 and it is now common to extend beyond this. ???
Indeed, we have just been through this, particularly painful process. Apparently most lenders now will accept you taking the term to either 78 or 80yrs old, just with some reassurances that that's when you plan to retire :o. Above that, they want to see evidence of pension income (quite how you do that 30-35yrs our from your retirement date I do not know).
However, going that long on a mortgage strikes me as false economy, surely in the first 5-7yrs you're paying off so little capital its basically like renting :-\
:o :o :o
My budget is based on 65 year retirement age, this might explain why some appear to be able to borrow more.
I'm 65 and there is no way I'd still want to be working. I'd be aiming for 60, Mark.
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Changing back to the thread, my mortgage is until I'm 70 and it is now common to extend beyond this. ???
Indeed, we have just been through this, particularly painful process. Apparently most lenders now will accept you taking the term to either 78 or 80yrs old, just with some reassurances that that's when you plan to retire :o. Above that, they want to see evidence of pension income (quite how you do that 30-35yrs our from your retirement date I do not know).
However, going that long on a mortgage strikes me as false economy, surely in the first 5-7yrs you're paying off so little capital its basically like renting :-\
:o :o :o
My budget is based on 65 year retirement age, this might explain why some appear to be able to borrow more.
Still paying a mortgage when 80 years old. Total insanity.
1. A significant proportion will be dead.
2. A significant proportion will be physically unable to continue to work .......or gain employment.
3. A significant proportion will be sitting in the corner dribbling into their cardigan.
Repossessions will go through the roof.
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I'm 65 and there is no way I'd still want to be working. I'd be aiming for 60, Mark.
I'm aiming to pack in my current career at about 60. Not with the intention of doing nothing, but at least doing something different. Mortgages will be set at an appropriate duration to afford this 8).
Repossessions will go through the roof.
I would suggest it will be that generation's "mis-selling scandal" much like all those morons poor unfortunates who were sold interest only mortgages and "didn't understand" they needed to make a provision to pay off the capital ::).
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I'm 65 and there is no way I'd still want to be working. I'd be aiming for 60, Mark.
I'm aiming to pack in my current career at about 60. Not with the intention of doing nothing, but at least doing something different. Mortgages will be set at an appropriate duration to afford this 8).
Repossessions will go through the roof.
I would suggest it will be that generation's "mis-selling scandal" much like all those morons poor unfortunates who were sold interest only mortgages and "didn't understand" they needed to make a provision to pay off the capital ::).
I think the view is that most, would look to downsize. Pay more to get the house you need now, but keeping the monthly payments the same, then in ~20 move out of costly school areas.
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Changing back to the thread, my mortgage is until I'm 70 and it is now common to extend beyond this. ???
Indeed, we have just been through this, particularly painful process. Apparently most lenders now will accept you taking the term to either 78 or 80yrs old, just with some reassurances that that's when you plan to retire :o. Above that, they want to see evidence of pension income (quite how you do that 30-35yrs our from your retirement date I do not know).
However, going that long on a mortgage strikes me as false economy, surely in the first 5-7yrs you're paying off so little capital its basically like renting :-\
Very scientific.... :
As KW would say " What can possibly go wrong?" ::) ::)
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1. A significant proportion will be dead.
2. A significant proportion will be physically unable to continue to work .......or gain employment.
3. A significant proportion will be sitting in the corner dribbling into their cardigan.
Repossessions will go through the roof.
Yes, but..
1. I won't care, I'll be dead.
2. I might care about this one, but as long as I have £5k set aside for a trip to Dignitas, it's all good
3. I won't care, I'll be a cabbage, see point 2.
;)
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Changing back to the thread, my mortgage is until I'm 70 and it is now common to extend beyond this. ???
Indeed, we have just been through this, particularly painful process. Apparently most lenders now will accept you taking the term to either 78 or 80yrs old, just with some reassurances that that's when you plan to retire :o. Above that, they want to see evidence of pension income (quite how you do that 30-35yrs our from your retirement date I do not know).
However, going that long on a mortgage strikes me as false economy, surely in the first 5-7yrs you're paying off so little capital its basically like renting :-\
:o :o :o
My budget is based on 65 year retirement age, this might explain why some appear to be able to borrow more.
I'm 65 and there is no way I'd still want to be working. I'd be aiming for 60, Mark.
When I was younger I would have retired at any moment I thought I could afford to. I certainly didn't plan on working past 50.
Now Im almost 59, I have no plans to retire at all, as long as Im healthy enough to keep working.
I have periods of time where Im off work for 4 or 5 days at a time and it soon gets boring. The thought of being at home permanently, basically waiting for the grim reaper to pay a visit doesn't interest me at all.
If I was a millionaire and "young for my years", I may well see it differently, but Im neither of those things.
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Changing back to the thread, my mortgage is until I'm 70 and it is now common to extend beyond this. ???
Indeed, we have just been through this, particularly painful process. Apparently most lenders now will accept you taking the term to either 78 or 80yrs old, just with some reassurances that that's when you plan to retire :o. Above that, they want to see evidence of pension income (quite how you do that 30-35yrs our from your retirement date I do not know).
However, going that long on a mortgage strikes me as false economy, surely in the first 5-7yrs you're paying off so little capital its basically like renting :-\
:o :o :o
My budget is based on 65 year retirement age, this might explain why some appear to be able to borrow more.
I'm 65 and there is no way I'd still want to be working. I'd be aiming for 60, Mark.
When I was younger I would have retired at any moment I thought I could afford to. I certainly didn't plan on working past 50.
Now Im almost 59, I have no plans to retire at all, as long as Im healthy enough to keep working.
I have periods of time where Im off work for 4 or 5 days at a time and it soon gets boring. The thought of being at home permanently, basically waiting for the grim reaper to pay a visit doesn't interest me at all.
If I was a millionaire and "young for my years", I may well see it differently, but Im neither of those things.
Also, given work now vs 25 years ago a huge amount is technology based.
I could understand a brickie, builder, mechanic etc, outside type jobs where a lot of physical effort is involved. I just drive to an office and type away on a keyboard....
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I have periods of time where Im off work for 4 or 5 days at a time and it soon gets boring. The thought of being at home permanently, basically waiting for the grim reaper to pay a visit doesn't interest me at all.
If I was a millionaire and "young for my years", I may well see it differently, but Im neither of those things.
Agreed, I think retirement is only positive if you have particular interests and the wherewithal to pursue them. Otherwise, as you rightly say, you are simply waiting for the end. Which seems less than positive. Also, doing nothing is the fastest way possible to becoming incapable.