My Journey as a First Time Buyer!

brummybloke

Kavanne wrote: »

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.

i take it you havent found his mamouth stash of crossdress pron yet then?

:rotfl:

Kavanne

brummybloke wrote: »

i take it you havent found his mamouth stash of crossdress pron yet then?

:rotfl:

He keeps it all on his computer!!!!

ozzage

Kavanne wrote: »

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.

Sorry wasn't meant to be sarcastic!! At least not in a nasty way

I've been living with my other half for three years now and sometimes I feel like we are still working things out :P

Saver-Rob

Thanks all for replies, thoughts and encouragement.

This is only the very beginning of it all so who knows what will happen. In the meantime I am saving hard and trying to learn as much as possible about the process. Looking forward to the day something just comes up and its ideal.

ed89

Hi Rob, I can relate to your posts somewhat.

I'm 19 years old, live with my GF of two years in a flat in the centre of town. A year ago when a friend she lived with asked her to move out, I had no option but to move out of my family home and rent with her. I did, however, at the time consider buying. Thank god my Dad persuaded me otherwise! I earn a similar salary to you but don't quite have so much savings (I have about 5k - where the hell did you get 39 from!?) and my GF has no savings. She is at university though has taken a year out to work in retail.

Yes renting can be quite expensive, but when the boiler breaks down, a crack in the wall begins to form, damp starts appearing...will you be prepared to shell out a couple of grand to put it right? Certainly I would not be happy to see my hard earned go out the window so early on in life. The gas, electricity, council tax etc. bills are enough responsibility!

When your GF finishes University, who is to say that this well earned position is going to be an easy commute from your new home? It could be at the other side of the country.

Don't make the same mistake I nearly made. Rent for a bit first and see how it goes. Let the economy settle itself out a bit. Things/problems/opportunities will arise. I would love to buy now (or be able to) but I want to go to Italy for a few years to live and work before I tie myself down here. I hope to buy when I am around 27/28 and thinking about marriage/children - but not now. Now is for living.

Looking back it would have been best if either my girlfriend found a new flat with another friend or moved back with her parents. You'll find you spend too much time with each other which often isn't a good thing. I get told off for spending the whole evening on the computer - it's what I do - it's what I've always done! Booo!

geoffky

ROB well done for you and your girlfriend for saving that amount when it was so easy to follow the crowd and blow the lot on crap and then wonder where it all had gone...you give yourself a pat on the back as you deserve it..:T:Tps i reckon you should wait a few years then if you do you will be set for life..this crash will be once in a lifetime opportunity for you so please don't jump in too early..

m1ntie

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.

Yes but if you pay - say £150,000 for a house that you could get for £125,000, 12 months later, it will have cost you £25K or £500 per week.

Seems like a no brainer to me!

currynchips

Number One) Live with the girl first. Have you ever had a 'bad' date and went home to your own place? Easy isn't it? Not so easy when you live together. Ever discussed bills? You will when she buys herself a new top whilst you are paying for the heating. It can work, but bear in mind renting can be gotten out of, mortgages are much harder.

Number Two) Put just your name on. Two applicants with one salary tends to leave a lower mortgage loan.

Number Three) THIRTY NINE THOUSAND POUNDS????????

Saver-Rob

Haha thanks all.

I understand some people are a bit unsure of the plan to move out together, or more specifically for us both to have our name down rather than just mine. This is something I will consider carefully.

As for renting - I appreciate what people are saying but I cannot see any benefit and it isnt a road I want to go down. I'm not saying it isnt right for some people, but I dont feel it is in my case.

And lastly, the £39,000 that some people are a little surprised at has come through working. I have just saved hard and I am not on an amazing wage. It's about how little you spend as opposed to how much you earn I guess. I have never had any big financial gifts or anything of the sort.

MajicMOLE

Hi Rob!

Just want to say you should be so proud of yourself! I have started a similar post here http://forums.moneysavingexpert.com/showthread.html?t=1385401 but because I wasn't as responsible as you back when i was 18 onwards, I am desperately wanting to do the same as you - but without a penny!

So this is just a well done message, to the fact that you have saved £39,000 - and your 22!!!!!! I take my hat off to you, and wish id of done what you have been doing with my dosh.

Just one note - I have been living with my girlfriend for 5 years and we haven't had many problems. However, to move in with your other half, and to get her name down on the mortgage is something you need to be 100% sure about. Relationships change when you start living together, sometimes for the better, or sometimes for the worse.

But you seem very sensible! So I'm sure you will make the right decision. Just, please, consider your options first. Saving all that money must have been a huge task for you, and I wouldn't like to see you regret the decision you finally do make