33k salary, can I afford a mortgage?

getmore4less

I think I would aim at a house, garden and offroad parking.

bodmil

So there's no real rule of thumb regarding income and mortgage outgoings? Just 3.5 times salary

deedee71

You may be earning big bucks, but it does seem to me you are a bit naive about money, mortgages etc.

You'll need to do a lot of groundwork.....investigate areas, council tax rates, get an idea of how much of a mortgage you can get. I appreciate you work away, but a lot of this info will be available on line.

Set yourself a timescale for fact finding, so it doesn't fall by the way side and only then should you start looking at properties.

I think you need a good woman to help you with the practical stuff lol.

property.advert

deedee71 wrote: »

I think you need a good woman to help you with the practical stuff lol.

:rotfl::rotfl::rotfl::rotfl:

And get a contract so the scheming witch gets nothing from your hard earned when her lustre has worn off and you trade her in for a new model :beer:

getmore4less

deedee71 wrote: »

I think you need a good woman to help you with the practical stuff lol.

Talking about buying a house not a wardrobe and shoe rack:)

deedee71

Lots of bitter men around this evening lol

justme111

deedee71 wrote: »

Lots of bitter men around this evening lol

They just had to pay loads to those women whose advice they used to listen to so now they are convinced (rightly so) that thinking on their own offers a better deal

bodmil

deedee71 wrote: »

I think you need a good woman to help you with the practical stuff lol.

Errrr. I am a woman.... I'm certainly not looking for another, good to not to help me with anything!

I'll fully admit I know squat about houses, as I said, I only rented when I was at uni so council tax wasn't an issue and bills were split so barely noticeable.
Positing here is part of my investigations....

screamer

We bought a house in December last year for £130k. Paid a 20% deposit so mortgage is £104k.

OH has an income of about the same as yours and he pays all the bills. My income isn't counted on anything, including the mortgage because I'm on disability benefits.

We're comfortable. We got our mortgage through First Direct as they offered the best LTV rates, a lifetime tracker, and OH already banked with them so we didn't have to try and find a year's worth of bank statements before attempting to get a mortgage, they already had it in front of them.

Although I'm disabled, we don't claim anything on council tax benefit. We have a cat and a dog so it's almost the same cost as having kids (cats are bloody expensive lol) and the only outstanding debt we had was the credit card which has gone down from £2500 to £500 in 3 months, and we're hoping we can pay that off next month. We've decorated the house, bought things we needed and still been able to have a bit of fun every now and then.

I guess everything depends who you go with, and how you can manage your money. My mum often said to me "your first year is your hardest, after that you're sorted!" Admittedly, she has no idea about interest rates etc, but with a lifetime tracker, I don't suppose things can get too bad!!

Good luck for your future!!

screamer

Oh, and OH gets everything if we split, but makes no difference to me. Without him I have nothing in this area and you know what they say, you don't miss what you haven't got :-) I'd miss OH but not the house lol