My Journey as a First Time Buyer!

Saver-Rob

amcluesent wrote: »

>when we decide to have kids at a later date<

Ah, that's the other approach. Couple of kids by the time she's 25, they'll be finished Uni and off your hands while your still in your 40s! Time to live it up when you're earning a load but don't have those responsibilities. Seen it done, and it works well.

Haha! Life sounds short when put like that! We are not in any rush to have children but entering the grown up world we need to think about grown up things that will hopefully come around.

PS - I liked the bit about 'earning a load'.

brummybloke

Saver-Rob wrote: »

I can see your point and am sorry you have had a bad experience. I understand what you mean about the deeds and her buying into the house at a later date. It is something to think about.

good , at least you are open to suggestions.

it is the best way to go, i moved a mate in and charged rent as i got a 3 bed semi at the time, it paid for 1/2 my mortgage once the woman had gone.

i then got on with having a fun time, it was a blessing really as she was terrible with money while i am quite stingy. no doubt the house would have been repossessed if she had stayed there for any length of time.


sorry to seem a doom monger but if she loved you she would understand ( always good to throw that one in there before she does).

infact take advantage of her situation, buy a 3 bed in your name, let her move in with yo and then get one of her friends ( female) students to move in and pay you rent, you may even have 2 of them, charge £50 each per week to temot them into moving in, it gives you £100 per week and your bird still lives with you.

you then get the chance to road test your mrs in a living situation while overpaying on your mortgage for the next 2 years. by the time she want to buy in, there wont be anything to buy into, you could clear your mortgage or at least tell her that it would be better for her to keep saving.

in 2 years time, most couples of your age have split so you will still have a house, have 2 women living there paying you money.

you will become a god to your male friends.

Ladybird20

There is a lot of good advice in what brummy bloke says although it may sound harsh.....i would buy it myself then add your Mrs later.......once you have experienced living together for some time.......I own 3 properties and no way would i put some bloke on my deeds......and i myself am a god to my female freinds LOL

Zandoni

Saver-Rob wrote: »

But living at home is cheaper and I pay a certain amount per month with no utility bills or anything ontop. Renting purely to live with my girlfriend beforehand seems to me an exceptional amount of money to spend.

No arguement from me there. Only rent if you have an overwhelming desire to move in together.

cranezoe

hi, good luck with finding your first home!
we bought a house when we were 22 and 23 and I had just left uni and got a job. we'd both been living with our parents before that and didnt want to rent. 4 and a half years later we are still in the house, married and have a 2 year old roaming about! we went for a 2 bed and have now just agreed a price on ours so we can move into a 3 or 4 bed.
If you can do it- go for the 3 bed. It will mean you can stay there longer.

ozzage

Nice thread, and I'm (we're) also looking to buy in the near future.

Everybody will say that it's the wrong time, but not everything in life is about money. For us, it's because we're sick of renting, not having control over our property, not being able to buy nice furniture and make our house OUR HOME.

Our situation is somewhat different than yours though - 34 and 31, both always rented, got together 3.5 years ago in Holland (not mine or her home country) and moved to the UK (also not our home country) this year. We've decided to settle here for a while now and stabilise and don't want to wait any longer to buy.

So now we're looking and if we find the right place at the right price (which will be a lot less than whatever they're asking, I'm sure) then we'll jump.

Kavanne

Hello, OP. I am 21 and my bf and I bought our flat in Feb.

Have you and your gf lived together at all before? I would seriously recommend it as 6 months of rent now could be a lot cheaper and less stressful than selling the house if it doesn't work out We rented together for 6 months before we bought and glad we did it as we worked out all the housework kinks!! lol

ozzage

Great advice, and you're doing pretty well to have all the kinks worked out in 6 months :P

Kavanne

ozzage wrote: »

Great advice, and you're doing pretty well to have all the kinks worked out in 6 months :P

Thanks for the sarcasm. It's better than not living together at all. And at least I know all his annoying habits. We've been here since Feb and nowt's surfaced that I didn't already know about.

cranezoe

we've not worked out our kinks in 4 1/2 years of living together lol! but they are liveable kinks