First time buyer- List all the BILLs which are expected to be paid?

gemmaking

My cousin, in his late 30s, he is buying a first time property, he is single.

and is just doing his sums, and is just wondering all the bills he would be expected to pay...and other financial contributions

Electricity, water, gas

and if the mortgage is about £600 a month, any indication of the price of each bill?

+ other hidden bills/costs?


(they wil be living alone, so wont be using much electricity, lights, water etc).

Fire_Fox

It's worth running an advanced search, this has come up many times. How much energy and water is a 'how long is a piece of string?' question - a singleton does not generally use substantially less than a couple unless they are the frugal type. Heating, hot water and tumble dryers and the big energy guzzlers, electricity being significantly more expensive to run than gas. How well the property is insulated - walls, roof, windows - will make a HUGE difference to how much energy is required to achieve a comfortable living temperature.

arbrighton

council tax

mark5

Mortgage
Council Tax
Electric and Gas
Water
TV Licence
Sky TV?
Phone/Broadband?
House Insurance

picklepick

We pay the following house related bills:

Mortgage
PPI in case either of us is ill, redundant. Covers mortgage for 6 months.
Life Insurance. Pays off mortgage plus extra.
Buildings and Contents insurance
Council Tax
Leccy, gas, water.
TV licence
Phone/broadband

dimbo61

He can check on the council website about the council tax for the property he is buying.
Is the property lived in now ? Ask them how much the bills are for an idea.
Modern or 500 years old?
UPVC double glazed windows or single glazed tudor wood frames with holes !!
Coal fire or gas combi boiler 93% efficent !!

Yorkie1

google for a budget spreadsheet - or a statement of affairs on the website of House of Cards. That will list all outgoings.

LeafGreen

worth checking on cashback sites (I use Quidco) for lots of these, some good offers to be had that way.

Miss_Havisham

remind him to apply for the 25% discount on his council tax as he'll be living alone.

He might also benefit from a water meter. I live on my own and cut my water bill in half when I switched even though I use the hosepipe regularly in the summer.

trimner

This is what I have got on my spreadsheet so far.


Household items/food.

Petrol.

Mortgage.

House/contents insurance.

Gas.

Electricity.

Water.

Council tax.

TV licence.

Broadband/TV/Line rental.

Mobile phone.

Gym.

Union.

Savings.

Hope this helps !