{"id":37416,"date":"2013-09-04T13:00:06","date_gmt":"2013-09-04T06:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-take-a-risk-on-a-more-expensive-house\/"},"modified":"2016-12-08T10:47:15","modified_gmt":"2016-12-08T03:47:15","slug":"should-we-take-a-risk-on-a-more-expensive-house","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-take-a-risk-on-a-more-expensive-house\/","title":{"rendered":"Should we take a risk on a more expensive house?"},"content":{"rendered":"


\nWe can’t decide whether to spend \u00a3300,000 on our ideal house or play it safe and spend up to \u00a3250,000Q We have a \u00a3130,000 deposit for a home which is made up of savings and the equity from our current house. We have no debts other than our current mortgage, and our joint gross income is \u00a366,000. Our current monthly outgoings for everything except for the mortgage are about \u00a3860.We are both risk averse and cannot decide whether to spend \u00a3300,000 on our ideal house or play it safe and spend up to \u00a3250,000. Our existing mortgage is a tracker taken out in 2007, and we pay 0.25% above base rate. Monthly payments are about \u00a3550, but we’ve been paying between \u00a31,250 and \u00a31,500 for some time to clear the debt. In comparison with our current deal, new mortgage deals all look expensive. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should we take a risk on a more expensive house?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We can’t decide whether to spend \u00a3300,000 on our ideal house or play it safe...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-37416","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9Ju","jetpack-related-posts":[{"id":131414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-equity-release-an-option-when-my-mortgage-fix-ends-or-am-i-too-young\/","url_meta":{"origin":37416,"position":0},"title":"Is equity release an option when my mortgage fix ends or am I too young?","date":"November 7, 2022","format":false,"excerpt":"\r I am 60 next year and the outstanding mortgage on the \u00a3300,000 property is \u00a3150,000Q Should I explore equity release when my two-year fixed-rate deal (on my 15-year repayment mortgage) comes to an end? I am 60 next year and intend to work until I am 67. I have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130657,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-pay-off-my-student-loan-and-use-spare-cash-to-overpay-my-mortgage\/","url_meta":{"origin":37416,"position":1},"title":"Should I pay off my student loan and use spare cash to overpay my mortgage?","date":"October 10, 2022","format":false,"excerpt":"\r I have \u00a35,000 left on the loan, which I pay \u00a3264 a month towards, and have a \u00a3168,000 mortgageQ I have a two-bedroom house in a desirable city. The property is worth more than \u00a3300,000 and I have a mortgage of \u00a3168,000. I recently discovered that I only have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137416,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-points-may-help-homebuyers-lower-monthly-costs-amid-high-interest-rates-how-to-know-if-this-strategy-is-right-for-you\/","url_meta":{"origin":37416,"position":2},"title":"Mortgage points may help homebuyers lower monthly costs amid high interest rates. How to know if this strategy is right for you","date":"June 17, 2023","format":false,"excerpt":"\r Interest rates are expected to stay high this year, which means mortgages are more expensive. Experts say this strategy can help buyers reduce monthly costs.\r \r Source : cnbc.com\r Read more...Mortgage points may help homebuyers lower monthly costs amid high interest rates. How to know if this strategy is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34694,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-may-have-to-let-our-house-next-year-will-that-affect-our-remortgage\/","url_meta":{"origin":37416,"position":3},"title":"We may have to let our house next year \u2013 will that affect our remortgage?","date":"November 17, 2016","format":false,"excerpt":"\r My girlfriend and I want to move to the continent and wonder if we need to get a buy-to-let deal when remortgagingQ My girlfriend and I got our first mortgage of \u00a3205,000 on a house in February 2015. The mortgage has a 30-year term and an interest rate of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-own-a-property-can-i-get-a-deal-if-i-buy-another-with-a-friend\/","url_meta":{"origin":37416,"position":4},"title":"I own a property \u2013\u00a0can I get a deal if I buy another with a friend?","date":"June 3, 2019","format":false,"excerpt":"\r He\u2019s a first-time buyer and we\u2019re hoping to get a better mortgage and pay less stamp dutyQ I am really hoping you could give me some advice. I am currently based in London throughout the week and spend most weekends in Nottingham where I recently bought a property as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114559,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-couple-paid-off-their-300000-mortgage-in-5-years-then-took-a-year-off-to-travel\/","url_meta":{"origin":37416,"position":5},"title":"This couple paid off their $300,000 mortgage in 5 years then took a year off to travel","date":"February 26, 2020","format":false,"excerpt":"\r Rob and Reshawn Lee purchased a home in the suburbs of Dallas in June 2013 for $300,000. They paid it off five years later in June 2018.\r \r Source : cnbc.com\r Read more...This couple paid off their 0,000 mortgage in 5 years then took a year off to travel","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37416"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=37416"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37416\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=37416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=37416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=37416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}