Month: August 2010

Happy where I live?

Three and a half years ago, my husband and I decided to buy a property… He is into economics (as a hobby) and so we were aware of a more than cloudy horizon ahead of us, which meant that our normally carefulness with moneys turned even more so. In Britain there is something called stamp duty and it basically is a benchmark to identify the level of contribution you must make to the government at the time of purchasing a property . To cut the story short, if you exceed the limit of a band, you automatically pass to the next one up, which means that you feel even poorer … It is such a draw back that many agents pay it for you as an incentive to purchase one of their homes… Anyway, moving on, as I was explaining, my husband particularly was convinced that the crash was going to happen even earlier than the end of our first “first fixed term” on the mortgage, which meant that before Xmas 2008, we would have to re-evaluated the value …