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[Vamps]

The Mortgage company's nowadays are the pitts as against years ago. For instance...if you miss January payment and pay on February 1st, then pay February payment on the 20th, you will receive a letter with all the threatening garbage saying you are in default. Explaining why you are a day late makes no difference. Under their system, you have paid January late and March early. And unless you make an extra payment as January, you will receive extra letters until you pay.

I had this problem when I went Self Employed, until I did a deal with them
I am referring to Nationwide BS
Bastids, Bastids

I remember having similar problems many years ago, I used to get a monthly wage but my commission was paid 3 monthly and they were not too happy with my proposal for payment............ Was short lived as I moved away into alternative accommodation, till I finally needed to settle down and buy a house in 1999...............

[Marks DTM Calib]

We bought our first house in 1998 (I think) and had the hard sell on an endowment, I asked what the risk level was and how they could forecast such a return over such a long period of time. When the scrote there could not answer such a basic question, we went against his advice and chose a repayment which was a great move.

When trading up four years later I spoke to an independent mortgage advisor who had originally setup the mortgage department of the Market Harborough building society. He ran the numbers and demonstrated to me that if we stayed on a 21 year mortgage (having paid off 4 years) when we moved and then moved suppliers to a 5 year fixed rate, we would only pay £46 more per month than if we went back to a 25 year term.

Probably the best advise we ever had on Mortgages, saved big money and means the mortgage is paid off just as the eldest hits 18.

[Andy B]

....

When trading up four years later I spoke to an independent mortgage advisor who had originally setup the mortgage department of the Market Harborough building society. He ran the numbers and demonstrated to me that if we stayed on a 21 year mortgage (having paid off 4 years) when we moved and then moved suppliers to a 5 year fixed rate, we would only pay £46 more per month than if we went back to a 25 year term. ....

Very similar to us. Having paid 5 years off from a 25 yr mortgage we moved house ...... I can't think what the figures were, but the difference between a 20 yr & another 25 yr mortgage was negligible

[Diamond Black Geezer]

Makes me cringe. It looks like this could be a good time to buy, but I'm now just 30, managing to scrape by on a sub 10k wage, after 7 years out of Uni been doing various contract and temp work job, when I have to look at guys that sat at the back smoking in class, not paying attention, got thrown onto the nearest building/bricklaying/plumbing course, now cruising around doing very well for themselves, thank you. And I'm unable to even rent a place on my own. Never claimed a day's dole. Got a girlfriend who is just started Uni, so will be basically penniless for at least the next 4 years, I imagine. I know 'my time will come' etc.. and the road to untold wealth and riches is a long one, but I know that property is going to explode in price again, and probably about five minutes before I've got just enough cash saved up to actually get a mortgage.  Makes me cringe.

[Field Marshal Dr. Opti]

Makes me cringe. It looks like this could be a good time to buy, but I'm now just 30, managing to scrape by on a sub 10k wage, after 7 years out of Uni been doing various contract and temp work job, when I have to look at guys that sat at the back smoking in class, not paying attention, got thrown onto the nearest building/bricklaying/plumbing course, now cruising around doing very well for themselves, thank you. And I'm unable to even rent a place on my own. Never claimed a day's dole. Got a girlfriend who is just started Uni, so will be basically penniless for at least the next 4 years, I imagine. I know 'my time will come' etc.. and the road to untold wealth and riches is a long one, but I know that property is going to explode in price again, and probably about five minutes before I've got just enough cash saved up to actually get a mortgage.  Makes me cringe.

Surely the whole point of 'additional' education is that when you finally start work you get  well paid (well above the average wage of £27000)  for the sacrifices you have made.

Otherwise what is the point.

Confused of Lincolnshire.

[Marks DTM Calib]

I guess that is very dependent on the degree you opted to do.

[Field Marshal Dr. Opti]

The problem in my opinion is that a university education has become 'cheapened' over the years.

When I left school in 1976 roughly 4% of the population went on to university. I refuse to call it Uni...

What is the percentage today......45%....50%?

Unless you attend either Oxford or Cambridge the benefits of a university education are extremely limited.

[Marks DTM Calib]

The problem in my opinion is that a university education has become 'cheapened' over the years.

When I left school in 1976 roughly 4% of the population went on to university. I refuse to call it Uni...

What is the percentage today......45%....50%?

Unless you attend either Oxford or Cambridge the benefits of a university education are extremely limited.

I disagree, a university education is still very valuable and possibly even more so in many fields, what has changed is there are now far to many noddy courses designed to get bums on seats which have limited use after graduation.....

[Sir Tigger KC]

The problem in my opinion is that a university education has become 'cheapened' over the years.

When I left school in 1976 roughly 4% of the population went on to university. I refuse to call it Uni...

What is the percentage today......45%....50%?

Unless you attend either Oxford or Cambridge the benefits of a university education are extremely limited.

I disagree, a university education is still very valuable and possibly even more so in many fields, what has changed is there are now far to many noddy courses designed to get bums on seats which have limited use after graduation.....

I'd only advise youngsters to go to university these days if they are going to do something specific that will teach them a valuable skill. 

[Field Marshal Dr. Opti]

The problem in my opinion is that a university education has become 'cheapened' over the years.

When I left school in 1976 roughly 4% of the population went on to university. I refuse to call it Uni...

What is the percentage today......45%....50%?

Unless you attend either Oxford or Cambridge the benefits of a university education are extremely limited.

I disagree, a university education is still very valuable and possibly even more so in many fields, what has changed is there are now far to many noddy courses designed to get bums on seats which have limited use after graduation.....

I'd only advise youngsters to go to university these days if they are going to do something specific that will teach them a valuable skill. 

A skill that is in demand and subsequently well paid.

As Mark says......too many worthless courses out there these days.

[Sir Tigger KC]

The problem in my opinion is that a university education has become 'cheapened' over the years.

When I left school in 1976 roughly 4% of the population went on to university. I refuse to call it Uni...

What is the percentage today......45%....50%?

Unless you attend either Oxford or Cambridge the benefits of a university education are extremely limited.

I disagree, a university education is still very valuable and possibly even more so in many fields, what has changed is there are now far to many noddy courses designed to get bums on seats which have limited use after graduation.....

I'd only advise youngsters to go to university these days if they are going to do something specific that will teach them a valuable skill. 

A skill that is in demand and subsequently well paid.

As Mark says......too many worthless courses out there these days.

Especially when they'll come out with debts of mortgage size proportions!!   

[Field Marshal Dr. Opti]

Go back a couple of generations and virtually every person with a university education was guaranteed a desirable well paid job. That no longer holds true.

Today, a graduate may say to a potential employer. " I've been to university"....to which the employer may reply " so has nearly everyone these days.......including the cat's mother.

[Field Marshal Dr. Opti]

The problem in my opinion is that a university education has become 'cheapened' over the years.

When I left school in 1976 roughly 4% of the population went on to university. I refuse to call it Uni...

What is the percentage today......45%....50%?

Unless you attend either Oxford or Cambridge the benefits of a university education are extremely limited.

I disagree, a university education is still very valuable and possibly even more so in many fields, what has changed is there are now far to many noddy courses designed to get bums on seats which have limited use after graduation.....

I'd only advise youngsters to go to university these days if they are going to do something specific that will teach them a valuable skill. 

A skill that is in demand and subsequently well paid.

As Mark says......too many worthless courses out there these days.

Especially when they'll come out with debts of mortgage size proportions!! 

Yes....In my old age this important consideration slipped my feeble mind.

[Marks DTM Calib]

Go back a couple of generations and virtually every person with a university education was guaranteed a desirable well paid job. That no longer holds true.

That's because back 'then' the courses were those demanded by industry and driven by professional bodies etc. Its when Universities had to stand on their own two feet they came up with weird and wonderful extra courses which have little or very niche use in the real world.

Today, a graduate may say to a potential employer. " I've been to university"....to which the employer may reply " so has nearly everyone these days.......including the cat's mother.

Again, depends what field you are going into, try to get into most of the 'professions' without and you don't have  cat in hells chance. My advice would always be go to University if you can but, select and research your course well.

[Field Marshal Dr. Opti]

Go back a couple of generations and virtually every person with a university education was guaranteed a desirable well paid job. That no longer holds true.

That's because back 'then' the courses were those demanded by industry and driven by professional bodies etc. Its when Universities had to stand on their own two feet they came up with weird and wonderful extra courses which have little or very niche use in the real world.

Today, a graduate may say to a potential employer. " I've been to university"....to which the employer may reply " so has nearly everyone these days.......including the cat's mother.

Again, depends what field you are going into, try to get into most of the 'professions' without and you don't have  cat in hells chance. My advice would always be go to University if you can but, select and research your course well.

Broadly speaking this has some merit. But university is not the only way to an affluent life it once was.

Today there are other options.