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No mortgage
jazzyjustlaw
Posts: 1,378 Forumite
Has anyone saved up and bought a house for cash? Just wondered if it could be done.
Difficult where I live as it is the most expensive in the UK but have been looking at buying elsewhere.
Difficult where I live as it is the most expensive in the UK but have been looking at buying elsewhere.
All my views are just that and do not constitute legal advice in any way, shape or form.£2.00 savers club - £20.00 saved and banked (got a £2.00 pig and not counted the rest)Joined Store Cupboard Challenge]
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Did I dream it or did I read it somewhere that Martin paid cash for his place? He obviously practises what he preaches, he's a good advertisement for his own website.;)0
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We paid cash for our last house.
But it was a run down terrace that we did up and sold on as a stepping stone to getting a bigger house. Very hard work, but worth it. And the lack of mortgage payments freed up cash for the renovations each month.
That was about 7 years ago tho, I really doubt we could do so now. But that may have something to do with 3 kids now draining the resources!!*** Friends are angels who lift us to our feet when our wings have trouble remembering how to fly ***
If I don't reply to you, I haven't looked back at the thread.....PM me
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I am doing it now. Buying my sister a house! Due to complete in 2 1/2 weeks and I only have 35% of it in cash so far. I have a thread for it entitled "One month mortgage free wanabee".
Watch the thread - I'll show you it can be done!OVERDRAFT TODAY:£36,100
CASH PAID TOWARDS SISTER'S HOUSE NOW: £123,9000
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