House or Baby, we can't do both!

crusty_toenail

Baby ever time Now you are wasting previous time on here..... get going straight away!

I left work after my maternity leave, stayed home to look after my kids! That was 5 years ago and 2 girls later!

My hubby and I have survived on his average wage for that time, and had plenty.

Don't stress over buying a house now, they are over-valued and will come down in price, leave it for a few years.

I get child tax credits, child benefit etc.... both sets of grandparents wouldnt be able to cope with childminding so we had no option, as childminding was so expensive!

Please don't wait, material possessions mean nothing - you come into the world with nothing and this is what you leave with. But to have your own children in a rich blessing, priceless, best thing in life is love xxx

hellokitty08

Lots of people I know have brought houses reccently with a 10% deposit and they spent between £100k-£130 on their houses. None of them are paying any where near £900 a month for their repayment mortgages, most are paying around the £600 mark. I would also suggest you see a better mortgage advisor.

mistrihelen

Baby first, as everyone's said. I wanted to wait to own our own home before trying to conceive. As it was we made the decision for baby first and it still took years - and that was before I was 30!

Also, bear in mind many workplaces offer childcare vouchers (at the moment, anyway, unless the government changes it), where you can get a certain amount pre tax and NI, so you can make a saving there on the cost charged to you by the childcare centre. Plus childminders are cheaper.

motherofstudents

Are you so sure you can't do both ? Your husband is only 47 and can get a mortgage for 20 years maybe more and then when you go back to work you can start to pay it off quicker. You might even move to your next house and be in a better position to shorten the term of your mortgage. You can get the basic equipment for a baby farily cheaply and pass it on to subsequent children, breastfeeding is free and there are lots of benefits for people with young children. My exerience is that children only get more expensive the older they get so I would say get your house while they are young and relatively cheap - later on you'll have driving lessons, a car, car insurance and uni tuition fees...Of course your children will be worth more to you than bricks and mortar, all I am saying is get some true figures so that you can work out a budget and then you can make a proper informed decision.

Fire_Fox

motherofstudents wrote: »

later on you'll have driving lessons, a car, car insurance and uni tuition fees...Of course your children will be worth more to you than bricks and mortar, all I am saying is get some true figures so that you can work out a budget and then you can make a proper informed decision.

:eek: Surely if a teenager wants these luxuries (bold) they get a job and pay for it themselves???? Uni tuition fees are part of the student loan system.

motherofstudents

Well, Fire Fox I take your point but it was just meant as an illustration. A car for the kids was a good investment for me as I don't have to taxi them and their friends around and occasionally I get a taxi service from them ! You are right about tuition fees now because the system has changed but for our eldest it was not included in the loan. How do you get that little blue face, it looks so cute.(on your post not you personally)

Fire_Fox

To get the smilies when you click on reply or quote you will see them to the right of where you are typing the text. Just click on the cute little blue face (or indeed whichever you prefer!). We used public transport or shank's pony as kids, were rarely ferried anywhere!!

motherofstudents

:jThank you. Me too, it was the bus or walk= the good old days....

nomnomnom

hellokitty08 wrote: »

Lots of people I know have brought houses reccently with a 10% deposit and they spent between £100k-£130 on their houses.

140K for us (offer accepted recently) and 10% deposit gets us a 650 a month repayment with Natwest or Royal bank of scotland.

First house we are buying (after renting for years) and our babies are 13 months old so hopefully will be in the home we own (and they grow up in) very shortly :T

roses

I'd have a kid. You can buy a house when you are older but you can't have a kid.