Buying a flat-first time buyer. Please help.

citroen17

I'm a first time buyer looking to buy a flat, obviously I'll have my mortgage and council tax to pay every month and I know I have utilitiy bills, tv licence, but does anyone have a rough idea how much gas/electric/water rates etc are? And what other bills am I likely to have to shell out for every month.

I am fairly new to this, so any advice would be much appreciated, really don't want to bite off more than I can chew.

Many thanks...:D

kells1232002

I am looking to purchase a two bedroom shared ownership property at the moment and I have to prepare a monthly budget on what I believe my bills with be.

I have been asking friends and family to compare their prices and ended up writing the following...

CT = £110
Gas = £30
Electricity = £30
Water = £30 (property is on a water meter)
Tv license = £13
Contents Insurance = £20
Food = £150
Ground Rent = £15
Service charge = £82

I dont definalty know as I am also a first time buyer. I am just going on what other people have said they pay in my area.

Can anyone else share their prices....

citroen17

kells1232002 wrote: »

I am looking to purchase a two bedroom shared ownership property at the moment and I have to prepare a monthly budget on what I believe my bills with be.

I have been asking friends and family to compare their prices and ended up writing the following...

CT = £110
Gas = £30
Electricity = £30
Water = £30 (property is on a water meter)
Tv license = £13
Contents Insurance = £20
Food = £150
Ground Rent = £15
Service charge = £82

I dont definalty know as I am also a first time buyer. I am just going on what other people have said they pay in my area.

Can anyone else share their prices....

Thanks very much for this, really is useful, just put an offer in which has been rejected, such a long process. :mad:

Busy_bee_3

i'm also buying my first property and would like a breakdown of what i can expect to pay. i have a rough idea but would like to know if i've missed anything.

Bufger

citroen17 wrote: »

Thanks very much for this, really is useful, just put an offer in which has been rejected, such a long process. :mad:

wow if you think that bits the long process just wait until your solicitor is on board! 8 weeks down the line you'll be begging for mercy from the gods.

why god, WHHHHYYYYYYYYY!!!??!!

Happy house hunting :T:A

kinglewis

CT = £110
Gas = £30
Electricity = £30
Water = £30 (property is on a water meter)
Tv license = £13
Contents Insurance = £20
Food = £150
Ground Rent = £15
Service charge = £82


The food at £150 sounds a little optimistic to me..............Thats approximately £5.35 for breakfast, lunch & Dinner....

Maybe I just spend too much!! But try to consider all the little things you might buy from day to day like milk, bread etc... all adds up!

Oldernotwiser

kinglewis wrote: »

The food at £150 sounds a little optimistic to me..............Thats approximately £5.35 for breakfast, lunch & Dinner....

Maybe I just spend too much!! But try to consider all the little things you might buy from day to day like milk, bread etc... all adds up!

£150 for food for one person is an enormous amount of money - you must be a very new member of this site!

bryanb

Oldernotwiser wrote: »

£150 for food for one person is an enormous amount of money - you must be a very new member of this site!

Don't first time buyers live on takeaways?