First time renter-Advice needed

Katrina-trying_to_save!?!

ok,here it goes..... i want to get a house with my OH im 20 and hes 23 and we;ve been together 6yrs. we can only rent at the mo, dont wanna get tied down wiv a mortgage. seen 3 houses at 500pcm. nice houses in a nice area (for some reason houses in worse areas are nearly the same pcm but anyway) im a student but work in a diy store 20hrs per week always with overtime when wanted and not in uni. he works in a company doing engineering (not a qulified engineer so factory work)

all in all my basic wage pcm at 20hrs a week= £457 + whatever over time.

he earns approx after tax 300 a week....approx 1200pcm
would we be asking for too much to start renting a house each mth for 500 plus over outgoings....

currently i pay my car off £90 pcm, OH car £140pcm, mobile phones x2 £50 quid (im due im upgrade so could downsize line rental of £25...

i really want a house and independance but dont know if it would be practical, really dont want to wait until after i finish uni-(dnt wanna be living with my parents at 23!!

please help as i want to phone about the houses tomorrow.....

clutton_2

apart from the bills, you will probably need one months rent in advance, plus another months rent as a deposit, plus some sort of administration fee - are you in a position to fund all that for a start ?

Katrina-trying_to_save!?!

yea well i done loads of overtime from i finished uni for the summer and im gettin a bonus so i should come out with 700 after tax plus my OH will have the other 500 for the rent... but im asking generally is it practical and worth our while to try and achieve?

clutton_2

i think you need to do a spreadsheet of all your bills - council tax, electric, gas, water, sewage, food, entertainment, travel, loans, phone, insurance - i can recall Really underestimating all my bills when i got my first house. good luck