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to buy or not to buy?
emma_lewis84
Posts: 112 Forumite
Hi...my boyf and I have been 'offered' first refusal on the purchase of a house from a family friend. The 3 bed house with gardens front and back had been valued at 115,000-120,000 but they have said we could have it for 110,000: we would get cheaper price - they wouldn't have to go through estate agents.
Do we go for it? I earn 21,000 he earns 18,000 - we are currently renting at £500 pcm, how much more would a mortagge be?!? Where can we get advice?!?
Thanks for reading, I know it would be a bargain, but I don't know what to do - buying is a bit scary!!
Do we go for it? I earn 21,000 he earns 18,000 - we are currently renting at £500 pcm, how much more would a mortagge be?!? Where can we get advice?!?
Thanks for reading, I know it would be a bargain, but I don't know what to do - buying is a bit scary!!
Positive vibes:
Spending less than £100 on food shopping in May.
organising cheap/free days out with friends
Negative vibes:
Being £1100 in my overdraft
Spending less than £100 on food shopping in May.
organising cheap/free days out with friends
Negative vibes:
Being £1100 in my overdraft
0
Comments
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use the homes and mortgages resource bar at the top of the page to check out your mortgage options - lenders, how much you can borrow, what you'll pay back. i found it helpful to use the tools above, then went into branch with my 2 favourites to talk in person, i take info in better, and feel i can ask more questions in person. if this is your first house, you'll get some good first time buyer offers too. good luck x0
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