£92,000 joint income. No mortgages!

beecher2

This thread's a wind up.

ziggyman99

Ah! The green eyed monster!
I'm probably going to get shredded for this but to say she's financially immature when there are 100's of posts on this forum from families earning less than she is alone, spending way out of their league, is a bit much. I don't see them being lambasted.
As one or two of the more reasonable posts have suggested, if you try hard enough you'll be surprised how much you can save. Myself and my partner used bring a combined salary of 80k+ and we still seemed to spend it. I had 12K of CC debts and I suddenly woke up. I payed them all off in a year, which is just as well as now I have career changed i'm earning much less. Earning much less but saving more and happy with it - so it is possible with a bit of discipline. A bit of pain now will reap rewards. Good luck.

Henry_P_Chester

Is this a joke thread? If I was the OP I would just cut back for a few years save up and buy a house outright! Then they could have all the boxters they want.

Wutang_2

roadrash wrote: »

would like to point out that my partner received a 26500 payrise just yesterday (along with a larger bonus multiplier for next year).

you work on the bins like me then road runner?

anotherginger

defintely must be a joke. 92K and can't save for a mortgage!?

92k minus london minimum wage for two people (30k) = 62k savings per year. in five years you would have saved for your 300k property outright.

Pincher

Are you guys done "helping" somebody with a £92k joint income then?
:rotfl:

Plans_all_plans

OP, your post is the most ridiculous thing I've read in ages. I'm 24, was to all intents and purposes a single mum, working full time earning approx 20k a year and in 2 years I saved 30k up for my house deposit.

Get saving and stop bl00dy moaning.

poppy10_2

With your previous IVA, interests are going to be high enough for you without getting into the territory of 95% mortgages which carry a huge interest rate premium. On £92k joint salary you should easily be able to save up a decent deposit in a year - it's worth waiting for.

diable

To the OP just out of interest, where in London would you like to live and what is your budget for a property?

Rothschild

Hi mate i understand what your going through.

I only earn 54k per year, and even though due to my job im able to offset and avoid paying a huge % of my tax,
and paying rent of £1,650 per month for a 1bedroom flat in London (so not especially expensive),
id also struggle to saveup 1/3 of my year salary!


Most people who posted replies in this thread are simply thickos who just don't have a clue how much it actually costs to live here in London! (I live in Kensington so know exactly what im talking about with the cost of living here)

When you go out clubbing or to a bar you pay £50+ entry cost, then £6-£10 per bottle of beer/alcopop, £60-£100 per person for a meal in a decent restaraunt, if you have a speed boat the mooring alone on the thames costs us £250+ per month, you wont even be able to get a fcking subway sandwhich/macdonalds for lunch for under £5 !!!!!!!!


So being able to save up nearly 1/2 of your after-tax income, while still having to pay all standard living costs is a huge challenge!



Id suggest you just using mortage comparison sites to find a mortage, instead of face-to-face highstreet banks.

There are dozens of lenders who will lend £250-300k at 95% mortage on there, although the best rate you will be able to get will be a fixed-term rate of roughly 4.5-6% apr.