Homeless keyworker :(

lynzpower

Agree with Brit, I would not be getting into shared ownership at all right now. the prices in london wee fixed at peak and HAs refuse to take lower offers.

Go for the rental option, also a lot easier if your hours get cut and you need LHA to top up the difference.

FTBFun

e60london wrote: »

Hi all,

Thank for the speedy reply's.

I have looked at the site from strategic housing and may go through thwm to start. However, the shared ownership scheme looks like a good start for someone like me.

Also, yes, i have been with parents for a loong time on 25k. but that is 25k gross. From that, once you minus 22% tax, a student loan payment, a hsbc loan payment, car insurance, credit card payments and the travel costs/lunch money at work, it doesnt stretch far let alone allow you to pay 950 a month in private renting costs.

No ecuses though, its time to move on. Does anybody have experience with family mosaic? I have found a ncie property online and wondering if its possible to negotiate the price of the flat???

Cheers guys.

E60london

Have you not tried flatsharing at all? It is a lot, lot cheaper than £950 per month, and is a good stepping stone until you have enough money to buy your own place?

greenmoneysaver_2

Methinks OP has tried v little in life! Why do so many people expect to move out of the parental home straight into a bought property these days?

As for the list of bills you need to pay out, then that is average for most people, try making sandwiches at home, and rent nearer to work to cut down travel costs!

I am not sure where you get the £950 figure from??????????? Do you want a 2-3 bed flat all to yourself?

Badger_Lady

I've never paid £950 for any accommodation in my life, mortgage or rent! Is OP perhaps trying to get a house to match their parents'? Realism is needed here - it's perfectly normal to start out sharing, move into a small flat with a partner when he/she comes along and consider moving somewhere bigger only when your salary has moved to afford it.

We're all perfectly aware of the outgoings that come from a £25k salary - we earn them ourselves. Try living alone when your gross salary is £12k. We did.

PasturesNew

e60london wrote: »

that is 25k gross. From that, once you minus 22% tax, a student loan payment, a hsbc loan payment, car insurance, credit card payments and the travel costs/lunch money at work, it doesnt stretch far let alone allow you to pay 950 a month in private renting costs.

Salaries are always gross.

£25k is a takehome of £1522 after student loan (£75) has been deducted.

That's a lot of money. There are two ways of being poor:
1] Not having enough to start with
2] Spending too much, spending too much on the wrong things

You're in Camp 2.

twirlypinky

You should try the NHS accomodation route.

I lived in NHS accomodation for a year in Oxford, and whilst it wasn't the happiest time of my life, it took the pressure off for a while. Before that i was trying to rent a normal flat and having to work two jobs to cover the bills there, and my divorce costs.

Weirdly, I was also 25 and earned £25k.

Hope this helps.