D'oh! Better get started... I wanna be Mortgage Free!!

Lois_E

Great. A fresh start is just what you need. Hope the lilypad fund gets off to a great start.

wantabetterlife

Hope your settling in well to the new pad froggy

misscousinitt

Yay Froggy - well done on your new pad.

Can definately recommend Herr A for shopping - its brought my food bills down loads. I don't get everything from there, but it's really good value.

MCI

lincoln-potter

Hey buddy,

Things finally appear to be on the up for you.

Good luck with operation Lillypad!

Froggy-G

Thanks guys.. All is good down here.. had a massive surprise in the post this week.. A huge tax rebate cheque from HMRC, which corresponds to some of my allowance between 2004 & 2007..
Will need to cash the cheque on Saturday..

On the house front, the survey came back clean, so just the searches to complete then agree on a exchange & completion date, hopefully before the end of this month..

Looking at mortgage calculators, I will probably need about £30K deposit (20%) for my new place, as a single applicant I am likely to be lended about £120K.. that's a huge mountain to climb but am happy to take on the challenge..

Hope everybody is well..

5 weeks to go till my holidays :j:j:j

Froggy :cool:

Lois_E

Hooray for the HMRC rebate. :j

Are you likely to get much equity out of the house sale? What sort of place does £150k buy you in your new area?

beachie

Lois_E wrote: »

Hooray for the HMRC rebate. :j

Are you likely to get much equity out of the house sale? What sort of place does £150k buy you in your new area?

I'm going to be doing the same soon with about the same amount of money and also need to save £30k deposit. Going to take until my 30th birthday to get there but very excited.

150k here buys a new 2 bedroom flat or a house in the slightly less nice area. Even most terrace houses are £199k so it will be tough going to find something decent.

Froggy-G

I am probably looking at a new 2 bed flat.. I really want a second bedroom to use as an office / guest room..

Froggy-G

Lois_E wrote: »

Hooray for the HMRC rebate. :j

Are you likely to get much equity out of the house sale? What sort of place does £150k buy you in your new area?

No equity in the house, we will be losing £15k

Lois_E

Froggy-G wrote: »

No equity in the house, we will be losing £15k

Glad you are managing to stay positive and keep looking onwards and upwards.