People I just thought I,d join in in the rant,but call me thick if ya want,I bought my house last year, and this year the market price based on neighbors selling up,my house value has risen 100% and reading some one thread above unless i have percieved it wrong?I can go back to building society and release the equity to pay of my mortgage early?I have a tracker repayment,not an endowment...
I know this is a rant,don,t mean to hijack,but i don,t know any one living in my area who could afford to by a house at my price on their wages.
My house is worth in the regions of £140k meaning a joint annual income of £46k(single is out of the question)
I don,t even know anyone who earns £46k a year...
Which leaves first time buyer the the choice of co ownership or move to the remotest place you can find?
I do believe its cheaper to build your own..