(no subject)

[mstislavl]

I've developed a crazy idea to buy a flat in NCL. I have enough money for a deposit and there are banks that provide mortgage to people on work permits - Halifax, for example. As soon as I bring nIcholas over, I wouldn't be able to rent a room and flat's rent is comparable with a mortgage. So why waste the money?

Comments

[eastexpert.livejournal.com]

How large a deposit are Halifax satisfied with? (not the absolute amount, but rather what share of a mortgage is wanted as a deposit?). Because I also think of getting myself this at a somewhat later point, and I'm also here on a work permit.

My bank (Barclays) has informed me that until I get my ILR, the only mortgage I can get starts with min. 30% deposit (OUCH!) and is just a standard variable rate one (the best options like "offset mortgage" are not available from them without a permanent resident status).

[oryx_and_crake]

А что, папаша, овёс нынче дорог? How much is a decent apartment in a decent neigborhood nowadays? 5 years ago, you could buy a townhouse (maybe they are called terraced houses in Britain, I'm not sure - the kind where you have neighbours on your right and left, but your own street entrance) in Tyne&Wear for as low as 15 to 30 K GBP, depending on location, the age of the house etc. And what is the minimum downpayment?

[oryx_and_crake]

I don't know how it is done in Briatin, but here in Canada if you buy some realty you have to pay lots of fees - and then, if you have to sell it within a few years, you might actually carry some losses. Of course, the price of your house/apartment might go up, but it might go down as well. If (let's consider the worst scenario possible) you have to leave the country in, say, 3 years from now (your work permit is not extended, immigration laws change etc.), the price stays the same or goes down, you are forced to sell anyway, and then you'll be still indebted to your bank or building society, your credit history will be ruined, which might create problems if there is a global european database on credit histories etc. I am not trying to dissuade you, just trying to show the other side of this coin.

[lojka.livejournal.com]

видишь, реально to buy flat - это означает вложить выгодно деньги и экономить на аренде жилья, а не типа остаться там на всю жизнь.

главное, чтобы визовый статус не попортил дело...