23 yrs old, with partner, trying to get a home

bear1969

he may buy your house but once he has seen my kennel think you would loose him as a buyer ,:rotfl::rotfl::rotfl::rotfl::rotfl:

bear1969

scotlands just scrapped the right to buy altogether for new council tenants england will prob follow suit soon after

Rising_Son

I know it is not achievable whilst we are both 'unemployed'.

I was hoping for advice on how 2 people earning a 'normal' wage, as we would/could be, can have a chance of investing in a future, rather than renting ad infinitum. I am aware of the status of my income being a major problem, and unless there are other options I will have to take (almost certainly) much poorer paid work to have the right status.

I usually earn more than £350 per week, which has allowed me to support my mother too, who struggles with her rent up in Scotland. 1400 pcm is quite high where I live, most work here is part-time seasonal and low pay (av 6.90ish ph). Average wage overall is 17k. Our combined wage has allowed us to pay £700 per month in accom costs, support my mother (out of my income before you ask), enjoy small luxuries (which we are willing to sacrifice) and save up several thousand pounds (despite several expensive 'incidents'). I guess I was hoping for inspirational tales of 2 people on a similar wage in 'proper' employment using some unbeknown to me government scheme to secure a small place they can live, and eventually, own. If it cant happen, it cant happen, but at least I'm trying.

Rising_Son

theartfullodger wrote: »

a) Some councils in some areas are/have withdrawn write2byee...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!

Lodger

I thought it was still 35% after 5 years, 50% after 10...
Im sorry if I have come across the wrong way, going through a very stressful time at the moment.

poppy_f1

Rising_Son wrote: »

I know it is not achievable whilst we are both 'unemployed'.

I was hoping for advice on how 2 people earning a 'normal' wage, as we would/could be, can have a chance of investing in a future, rather than renting ad infinitum. I am aware of the status of my income being a major problem, and unless there are other options I will have to take (almost certainly) much poorer paid work to have the right status.

I usually earn more than £350 per week, which has allowed me to support my mother too, who struggles with her rent up in Scotland. 1400 pcm is quite high where I live, most work here is part-time seasonal and low pay (av 6.90ish ph). Average wage overall is 17k. Our combined wage has allowed us to pay £700 per month in accom costs, support my mother (out of my income before you ask), enjoy small luxuries (which we are willing to sacrifice) and save up several thousand pounds (despite several expensive 'incidents'). I guess I was hoping for inspirational tales of 2 people on a similar wage in 'proper' employment using some unbeknown to me government scheme to secure a small place they can live, and eventually, own. If it cant happen, it cant happen, but at least I'm trying.

ok you have really got 2 options

1 - get a normal job and do the gambling on the side
2 - save up a massive deposit so the mortgage can be determined on yout OH's salary alone (when she is back working)

even gvt schemes require a mortgage of some sorts which you wont get unless you take one of the 2 options above, and btw if you do decide to go down option 2, its unlikely you would be allowed on the title deeds of the house unless you are on the mortgage

theartfullodger

Re. write2byeee discounts

I thought it was still 35% after 5 years, 50% after 10...

see

http://www.communities.gov.uk/housing/buyingselling/ownershipschemes/righttobuy/rtbfaqs/rtbfaqs/rtbfaqs/?id=879156#question

What discount is available and who is eligible?

The Right to Buy scheme gives tenants a discount on the market value of their homes. The longer the tenancy the greater the available discount, up to a maximum limit that varies depending on location.
The maximum discounts available under the Right to Buy scheme are:

• £38,000 in the South East, unless the home is in the local authority areas of: Chiltern, Epsom and Ewell, Hart, Oxford, Reading, Reigate and Banstead, Tonbridge and Malling, Vale of the White Horse, West Berkshire

In these local authority areas, the maximum discount is £16,000.

• £34,000 in the Eastern Region (except Watford where the maximum discount is £16,000)
• £30,000 in the South West
• £26,000 in the North West, and the West Midlands
• £24,000 in the East Midlands, and Yorkshire and the Humber
• £22,000 in the North East
• £16,000 in Wales
• £16,000 in London (except for homes in Barking and Dagenham or Havering where the maximum discount is £38,000)

It depends: On what your particular council does when you exercise the right2buy...
- (election coming guys..)
.
Now, we all know the country is in a mess, taxes will go up & government spending will be cut... everyone is going to have to tighten their belts & work harder (in your case start working in a normal, decent, tax-paying job that your fellow-citizens expect everyone to wish to do..) Would a new government looking for ways of saving money be likely to cut the terms of the right2buy schemes?? Yes, I think so also...

So, you hoped to get a discount through right2buy, paid for by us tax-payers, yet you presumably haven't paid any income tax for some time: Is that fair, reasonable and the British way of doing things??

Cheers!

Lodger

pinkshoes

1. You both need to get proper jobs. Poker is a hobby, and won't be taken seriously by a mortgage lender, so would only act as deposit if you won enough cash.

2. Don't rely on the "being made homeless with a child" thing. They could put you in a B&B for emergency accommodation, then you could end up having to live in an area where you perhaps wouldn't want your child to grow up.

3. You're only 23, and said the two of you have spent the past 3 years paying £700 a month rent. I guess you've been living together in a rented property then? To save my deposit for my mortgage, I lived in shared houses and paid around £300 a month.

If I were you, I would concentrate on getting proper jobs, move into the cheapest accommodation that you can find, and save up lots of money. In a few years time, when you have secure jobs and a deposit, THEN buy a house, and THEN think about kids.

bear1969

check out holyrood website right to buy is scrapped you wont get it now in scotland you will now only get shared buying schemes

redandwhiteal

Alexh wrote: »

Well its not bad as its about 12k tax free.

Sorry to be a bit pedantic but I don't think this guy is doing at all badly. £350 a week equates to nearly £17,000 tax free money per year.Wouldn't this be roughly the same level of net take home pay of a professional earning around £24-25k per year?

eco21

^ yes but a £24-25K job means just that a job which you get paid every year £24-25K

not...

a gamble which means you could lose money every week and eat into his partners £14k job