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23 yrs old, with partner, trying to get a home
Comments
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Who the hell is buying all these houses... it isnt people that want to live in them thats for sure... BTLers and second homes for the propertyboom generation it seems.
Pretty much. It's much easier to borrow money the less you actually need it.
It's just a consequence of hugely expensive homes, which is a consequence of hugely cheap credit, pent up demand and that very same cheap credit meaning people who should have been repossessed or liquidated were able to keep their homes off the market.
These things come and go, the only problem is that the timescales tend to be generational.0 -
i could rent you my dogs kennel for 350 a month and its got wireless internet so you could keep up your gambling hahaha and when your girlfriend gets her job back i will run in lights etc ,bout the only type of house you will get to buy with your outrageous plans ,get a grip and live in the real world bud:rotfl::rotfl::rotfl:0
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Rising_Son wrote: »Alex thats just ridiculous.
Where do you live if you dont mind me asking? What sort of value property?
Who the hell is buying all these houses... it isnt people that want to live in them thats for sure... BTLers and second homes for the propertyboom generation it seems.
I live in West Berkshire the house prices we were looking at were 175,000.on a 3 bed. Nationwide rejected outright and HSBC said they would only lend 125,000.
Fortunately we got a deal with the Halifax who said that we were A* and didn't need to check bank statements and payslips, so they're all over the place.
From what I understand there are a number of people who have large savings earning no interest and are buying up property to rent out as its better than the interest they were earning.0 -
I live in West Berkshire the house prices we were looking at were 175,000.on a 3 bed. Nationwide rejected outright and HSBC said they would only lend 125,000.
Fortunately we got a deal with the Halifax who said that we were A* and didn't need to check bank statements and payslips, so they're all over the place.
From what I understand there are a number of people who have large savings earning no interest and are buying up property to rent out as its better than the interest they were earning.
I think even that would be doubtful when they ask for P60s as proof of earnings.0 -
Buying property has never been that easy, just ask your grandparents. Of course you're not finding it easy to save if one of you was on such a low wage and you rent in the most expensive part of the country. Sometimes people's expectations exceed their ability to afford what they think they want or are entitled to, that's all.
Do what previous generations had to: rent somewhere cheaper, both get full-time jobs, one or both of you get part-time ones as well, live like church-mice and save like mad.
You're both very young and there's time yet to achieve what you want but sacrifices will have to be made. Such is life.0 -
So let me get this straight. You want to buy a house but neither of you has a job?0
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where do you live? I'm desperate to get rid of my house, i'll rent it out to you until the point you can secure a mortgage!Life is like a box of chocolates..........you always seem to pick the hard ones!0
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use the 'right to buy' scheme to purchase it at a knockdown price.
a) Some councils in some areas are/have withdrawn write2byee...
b) It would depend anyway on you getting a council/housing-association property & keeping it & getting beyond the introductory tenancy to a secure tenancy (ie being a good boy..)
c) The R2B discounts are much-much-less than when Thatcher bribed people to vote Tory by giving huge %%%age discounts..at the start of the scheme...
Charming attitude you have... not sure that most people would want to share the country with you - I could be wrong of course...
Cheers!
Lodger0
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