to think getting a mortgage on a property is not something worthy of congratulations
sallyknowsit · 24/07/2015 22:08
Maybe its me but I don't get why people see getting a mortgage as such a congratulations moment. Paying off the all the mortgage is.
A mutual friend has just got a mortgage on a flat, other friend thinks its the the done thing to send a congratulations card for "buying a flat".
I see it as the bank has just bought a flat and she will have to pay them back or she will very quickly find herself homeless. And has the risk of always needing a well paid job for 25 years and could have her disposable income slashes if rates do rise.
Am I just being too cynical?
Onecurrantbun · 24/07/2015 22:12
Wow, you sound like a riot OP
I think a new home is always worthy of congratulations whether bought outright, mortgaged or rented
Obv wouldn't buy a card for someone getting a buy tl let property as that is an investment and more to do with personal finances, a new home however is a major life event
sanquhar · 24/07/2015 22:22
After 15 years in shitty rentals and scrimping for 10 years to raise a £30,000 deposit we bloody well celebrated!!!
It was an extra special celebration as it took so long to get there. Every time we thought we had made it something pulled the rug out from under us. First the 5% deposits disappeared, so we had to save longer. Then lenders got stricter and stricter. If it weren't for help-to-buy we would still be saving and living in unsuitable rentals.
Damn right it's worth celebrating!
DrHarleenFrancesQuinzel · 24/07/2015 22:31
Congratulations for new homes cards have been around for ages haven't they? Never heard of congratulations on a mortgage card though.
FWIW I dont think I will ever have a mortgage so that might cloud my view. I certainly dont understand the big thing with buying houses that there is in Brittain. No other country seems as obsessed with getting on the property ladder as Brits do. Then again our renting norms are completely different to those in other countries too.
To comment on this thread you need to create a Mumsnet account.