Mortgage possibilities on 45k Joint Salary

leemuddywaters

Suppose its the stability and a sense of being settled. I do see both sides yes, Its just very frustrating. At any moment really when renting you can be told to move out, also spending £650 which is dead money is frustrating.

Hopejack

richard - in fairness rents are quite high too so I think may people think they would be better off paying off a mortgage which will ultimately become their own, rather than pay money for rent.....

But yes, in the UK there has always been this thing about owning - or certainly in the last however many years - I can't recall it being like that when my Grandparents were young and first married - renting was the way forward then!

Aren't there some countries where you effectively take out a mortgage for life and pass it down the generations? Sorry digressing slightly....

Hopejack

Does the OP have a poor credit history? Have I missed something? Probably.....

Wutang_2

happyrichard wrote: »

I really don't understand the obsession with joining the property ladder- it really is a UK phenomenon...blame Maggie for this!

I really don't know what Maggie Philbin has got to do with anything.

OP - 50k house would be alright.

HappyRichard "the market has changed to ensure that people do not get themselves into a situation where they can't afford the homes" - no, its because we have had a recession and lending is stricter as house prices have been falling. Not some pro-active safeguard instigated by the caring banking sector.

Wutang_2

Hopejack wrote: »

Does the OP have a poor credit history? Have I missed something? Probably.....

DB mortgages...so yes

leemuddywaters

Hopejack wrote: »

Does the OP have a poor credit history? Have I missed something? Probably.....

Yes, waiting on a default to drop off.

Hopejack

I said this earlier, it's not that the lenders care about the borrower, what they do care about it repossessing a place and not getting their money back - more likely to happen in today's climate imo.....

_Andy_

leemuddywaters wrote: »

Furniture? We already have a house full of our own, Cost of Moving? We can do that ourselves. We have been looking at new cuilds so why would decorating be number 1 on the agenda?

Well please forgive me for attempting to help you.
Your reply is quite rude and defensive. You've asked for help, I've provided it.
Home-owning is always more expensive then you think.
I won't bother attempting to assist you in future.

Hopejack

Wutang - think you've jumped a post hun That was someone else - OP is a FTB....

Aha - Lee, tbh I think your best option (and maybe your only) is to wait and save like mad..... I think my speed reading isn't as good as it was lol!

ETA - have now read the thread attached - it's all become clear again!!

_Andy_

PS please forgive me for not being psychic, therefore failing to realise you're buying a new-build, which of course you didn't mention in your original post. Silly me!