andrewducker: (Default)
[personal profile] andrewducker

Date: 2011-12-01 09:14 pm (UTC)
From: [identity profile] daveon.livejournal.com
Yeah, this. Although in my case I wish I'd kept the endowment policy on my first place :)

We got a lot of trouble when we bought our flat in London because I wasn't prepared to borrow as much as they wanted to lend up. We ended up with a mortgage that was less than 150% of joint income and they wanted to offer us 4-5 times income...

The day after I bought my first home the interest rates went from 10% to 15%... which taught me a life lesson about interest rates.

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