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[zippo]

well done Danny, really pleased for you and your lady  

[amigov6]

Well done & best wishes to you both, you got in at the right time. Biggest & best purchase you'll ever make.
   Bought my 3 bed semi for £40k a few years back. Glad i did.
  When do you hope to complete & move in?

[Jay w]

will done mate and a 60k mortgage is a nice amount as well....

if you are looking at being there for a while then take your time, if/when you get it revalued my own advice would be don't remortgage, keep the equity as a buffer

[stuart30]

Well done Danny Make sure you change the locks no matter how many keys you're given, I know of a few folks that have had unwanted visitors

Ummm isnt Danny Manchester way...wire mesh on the windows and a iron door id say.

The memories of mank land still haunt me.

On a serious note...sounds like a real bargain,people will say you shouldn't buy now as the market will fall for the next 300 years ect ect,total doom and gloom merchants.

If its a nice house and you can afford the mortgage then its a great time too buy....well done.

[Lazydocker]

Congratulations Danny... IMO you're buying at a good time. Yes, prices may well fall some more but as Pete says, if it's within your budget then go for it!

[Field Marshal Dr. Opti]

A wise move Danny.....also £60000 on a 25 year mortgage won't cost that much....especially as rates have fallen to 2% today.

Probably less than you would pay on rent.

[Johnboy0811]

Well done Danny

[Danny]

our plan is to change the doors anyway, not fond of the ones already on it!!

we've gone for a 30 year mortgage, fixed for 5 years and its capital and interest, purely because it means we can track our outgoings properly and we know we can definately afford it, its cheaper than just throwing money away for nothing renting!!

once tidied up, could be worth more than our total mortgage repayments!

being gazumped is now my worst fear!

if not, we should be in mid-january

[Vamps]

Well done Danny Make sure you change the locks no matter how many keys you're given, I know of a few folks that have had unwanted visitors

Ummm isnt Danny Manchester way...wire mesh on the windows and a iron door id say.

The memories of mank land still haunt me.

On a serious note...sounds like a real bargain,people will say you shouldn't buy now as the market will fall for the next 300 years ect ect,total doom and gloom merchants.

If its a nice house and you can afford the mortgage then its a great time too buy....well done.

Perhaps that explains it you can not get a house for that price around here, even in the ropey places.
Sounds like you got a great deal, and if you are happy then good luck to you. Wish I had that much parking

[Elite Pete]

I know your only young and still want to enjoy yourself but I would push myself to try and make overpayments on the mortgage, you can normally pay up to 10% more each year without penalties and it makes a huge difference to the amount you end up paying back

[tunnie]

thats amazingly cheap! Was that in Manchester itself?

[Elite Pete]

thats amazingly cheap! Was that in Manchester itself?

I think it was in Wigan

[Lazydocker]

Couldn't even dream of prices like that here... I got my 3 bed bungalow cheap at £145k 4 years ago... It did go up to nearly £185k but has now dropped to around £156k... Not a problem for us though as we don't plan to move from here

[Danny]

its about 2 miles from where i live now so still not too far from freinds (and family )

its a substantial property for its price, and not stuck in the middle of a nasty estate either, it needs very little work doing (unless the survey finds something serious but its doubtful), it had a fresh damp-proof course very recently and new gutters/fascias all round by the last tennant before s/he got evicted

and once we've decorated it really could double in value, since we've had thoughts about an en-suite in the biggest room since there's plenty of space, and a downstairs loo

either way, we plan on staying there, so the house price falling more wont bother us at all, and we'll be looking at our outgoings to see if we can up our mortgage payments up to that 10% increase we'd be allowed

[Marks DTM Calib]

A 30 year mortgage! Kin ell!

You do realise that a 25 year one would only have cost about 30 more a month