We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What can I actually afford?
Dan_Stevenson
Posts: 21 Forumite
Hi,
I have sold my property and am currently living with my parents. I have seen a new property which I like and it is £185k but I think it is going to stretch me too far.
I have a £40k cash but I really want to put down 25% so I get better rates. I would like to do a little work on the property so would really want to keep about £15k aside. I also need to take into account stamp duty, solicitor fees etc.
What are the best deals for me at the moment and what would be the best amount to put down as a deposit to leave me with a bit of extra cash? Should I take out a mortgage for more than £185k?
Please help me as I need to let the estate agents know by Friday!
I have sold my property and am currently living with my parents. I have seen a new property which I like and it is £185k but I think it is going to stretch me too far.
I have a £40k cash but I really want to put down 25% so I get better rates. I would like to do a little work on the property so would really want to keep about £15k aside. I also need to take into account stamp duty, solicitor fees etc.
What are the best deals for me at the moment and what would be the best amount to put down as a deposit to leave me with a bit of extra cash? Should I take out a mortgage for more than £185k?
Please help me as I need to let the estate agents know by Friday!
0
Comments
-
you cant get a mortgage over the price of a house!0
-
Do you work, if so how much do you earn (so you can work out the multiples)?There are many things I'd like to say to you, but I don't how...0
-
I earn £25k per year and my partner earns £22k. No loans or credit cards!!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.4K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.4K Work, Benefits & Business
- 598K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards