Getting on the Ladder

FaTB

devils_advocate wrote:

At the present moment, you also have to consider whether you're getting on the ladder or getting on the snake!

Funny thats exactly what I was thinking !!

That and, if you are serious about moving on, then however much it hurts, the horse has got to go.

How about if you sold the horse to someone at the local stables, and offer to muck him out, feed, exercise him, and whatever else you have to do with them, for a small fee each month.

Then you can still see/ride the horse,and make a little extra pocket money.

Sorted !! :T

lisyloo

Ok, well I put £20 a month into my pension

If that wasn't a typo then that is very low.
You need to be putting much more in.

So I spend (I think exactly) £433.60 a month

I made it closer to £600, so one of us did the maths wrong.
Note that some of the figures you have given are per week so you have to multilply them up for monthly expenditure.

heather123_2

Very interesting to hear everyones points of view... Thank you horsey people for sticking up for me!

I am going to try to save up for a bigger deposit, which is tricky, but we have to be sensible about these things! It seems really I need to go round the roundabout a few times to get rid of large monthly expenses (insurances, car loan etc) then I will have more money each month...

Zar - great idea about the property with horsey facilities!

Careful_girl

I bought a property with stables! Thought I could rent a field closeby. However, the riding was awful and had forgotten that my horse would need company. I work full time and nobody would be around to keep an eye on her. So I had a HUGE mortgage and paid livery fees! Am miles from her (and now do DIY) and I live in my car!!! So beware about keeping horses at home. You probably know all this.
CG.:j

heather123_2

I know a lot of people who would appreciate cheaper DIY - I'm sure if I had a couple of stables I could get rid of one quite easily for a few pennies...

Can you really find affordable properties with equestrian facilities? By affordable I mean about £200K. Would be able to afford that if I could rent a box out and effectively keep my horse for pretty much nothing.

realwildone

Welcome to Blairs Britain

Careful_girl

I took ages to find mine. I said i want t buy some land with a garage and some sort of house. The EAs were perplexed! Try looking. Stables can be bought to put up for £2000 I think. They don't need planning perm if they are the wooden ones. Try looking on the internet. http://www.primelocation.com/ is my fav property search but try them all. I think you will find it hard though. However if you did mange to buy something, the increased cost of the mortgage would all go towards an investment rather than into the livery yard's pocket.
Certainly worth trying.
All the best,
CG.:j

Careful_girl

Heather, wondered if you would like to contribute to or read fi it gets any replies....my little thread. http://forums.moneysavingexpert.com/showthread.html?p=2574589#post2574589
CG.:j

libitina_2

Why not put your horse up for a horse share scheme, ie go halves on the cost, work and riding hours on him?

tazgirl

Hi Heather,
I've come to this a bit late so you've had some great ideas already - but wanted to add some thoughts as I've just moved to area around Guildford so probably looking at similar properties to you. One thing I will say, is think hard about whether you need to be near a station - not just for jobs now, but for jobs in the future as well. The more convenient the property for the main line, the more it costs, but if you're out in the country you can sometimes get a bit isolated. I think you will really struggle to get a 3 bed property for your budget - particularly if you've been used to living with your parents, where things are often nicely done up and good sized rooms. Bear in mind that things that seem lovely and cheap are often that cheap for a good reason, particularly in Surrey!