In particular when considering buying real estate in London (flats, houses....).
Interested to hear what London dwellers think about the property market in the UK + UK public finances + UK growth prospects coupled with the prospects of a career in finance on this lovely island...
Plus make sure to see my post <a href="http://www.wallstreetoasis.com/blog/how-i-got-a-770-on-the-gmat-with-minimal-effort-while-working-banking-hours%E2%80%A6">How I got a 770 on the GMAT with minimal effort while working banking... phantombanker's GMAT Study Guide |
A week or two ago there was an article written about how your weight might inversely effect you during the hiring process. During the conversation I dropped some personal information about me losing 130 (now 135 pounds). I was PM’d by somebody asking me to tell my story. Well I have some free... How finance saved and gave me a life |
<em>Mod (Andy) note: </em><a href="http://www.wallstreetoasis.com/blog/phantombankers-gmat-study-guide">Here is the link to his study guide</a>
Background: I recently took the GMAT and scored a 770 on my first and only try. Long story short, I studied and took... How I got a 770 on the GMAT with minimal effort while working banking hours… |
Here's my story:
I will be graduating this semester from a non-target university, majoring finance and accounting, with a decent gpa (3.5 up). I started networking last summer, searching for that IBD full time offer. I was even considering delaying my graduation for one semester with the... Full Time Offer, at last! Thanks WSO! |
There she is again: Diane Sawyer, the primary ABC evening news anchor, with another installment in their interminable series of reports on imports and employment in America. I could just strangle her.
One week their (alleged) reporters go to people’s houses and look at everything the occupants... Sawyer’s Syndrome: The ABCs of Trade and Employment |
Fellow Primates,
We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a... WSO Campus Representative Program |
A common thread we see on WSO from time to time is regarding working for banks in their regional offices.
As banks are leaning towards more cost cutting and squeezing every dollar they can from their operations,<strong> a popular tactic has been to expand existing business and move... Consider your BB regional office. |
<strong>End of day update: </strong>
<ul>
<li>Close: 38.23 +0.23 (0.61%) and holding stable in after hours trading.</li>
<li>Open: 42.05</li>
<li>High: 45.00</li>
<li>Low: 38.00 </li>
<li>Volume:... Volume of FB Shares Traded today? |
I'm going to be an organ donor in the next few months (kidney, to my dad). I'm not at all in it for the glory (except for subtly dropping it when i'm picking up a chick at the bar) BUT should I add this experience to my resume? If so, how and where?
If its subtle / small / at... Add "Organ Donor" to my resume? |
There was much wailing and gnashing of teeth at the close on Friday over the perceived lack of performance in the Facebook IPO. The stock priced at $38, opened at $42.50 (after a few hiccups at the NASDORK), and closed at exactly $38 after an effort by the syndicate members akin to the Spartans at... IPO Pricing 101 |
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Where are you located and why
Where are you located and why London? Have you considered the foreclosure market in the US?
Recourse or non-recourse?
Recourse or non-recourse? And what is the interest rate?
Work hard, play hard.
Located in the UK, would get
Located in the UK, would get it there since i have credit history there.. i actually have a friend who is making $$ in the US with foreclosures but i cannot get any funds there since i have no CR...
so rates here depend but i could get something in the lines of 3.5% fixed 2 years and then a tracker...
i guess always a doubt re London real estate bubble...
Get it fixed for ten years.
Get it fixed for ten years. And make it non-recourse if you can. It's worth paying an extra 50 basis points to be able to walk away and wash your hands of it.
Work hard, play hard.
IlliniProgrammer wrote: Get
Get it fixed for ten years. And make it non-recourse if you can. It's worth paying an extra 50 basis points to be able to walk away and wash your hands of it.
unfortunately UK doesn't have non recourse debt..
i guess the main question is what does one think about the real estate market in London, and whether to get a tracker mortgage or fixed+plus banks variable afterwards...
Definitely pay the premium
Definitely pay the premium for a fixed mortgage if you can afford it- or at least get a favorable interest rate cap.
When inflation starts to tick up, it's going to go up fast- and it's going to hit the rates market. The Bank of England is going to raise rates, and if you're in a fixed mortgage, you're looking at a ~ 1000/month payment on a 200K loan go up to 2000 if rates go from 3% up to 9%.
In the US, 15-year mortgages are ridiculously cheap. For those with good credit, you're looking at 3% for 15-year fixed, 3.8-4% for a 30-year fixed. At those rates, why would you ever get an ARM?
Work hard, play hard.
thanks for the advice.. they
thanks for the advice.. they seem to be offering fixed only for 2 years max here. Though i dont think rates would go up that much at least not in the next 4-5 years, where there is always an option to change the mortgage after 2 years, ie get it fixed... though prob at worse rates than now..