Friend wants to buy a house at 19 (PLEASE HELP)

mynameisclare

HOMES wrote: »

He would be using the new governement scheme where they give you 20%

Err, no they lend you 20%

BettiePage

His mortgage repayments alone would be £1,100 to £1,400 pm, plus council tax and all the other bills.

Simply put, this is just not going to happen.

DCFC79

Aim for something much lower or continue renting. Listen to what has been posted.

Had a good read though.

Has the friend really looked at what the bills could actually be, £200 doesn't seem alot to cover them.

marlasinger

I'd love for my bills to be only £200 a month. That'd be brilliant!! :rotfl:

Seriously, while I think getting a house is great security, at 19 there really isn't any rush. Perhaps he should rent for a while to build up a better picture on how much running a house costs.

[Deleted User]

I remember when I was a whipper snapper I figured I could live like a king on minimum wage if I just got a cheapish £600/m rental apartment because bills and food is only like £100 a month. Teenagers eh, bunch of dreamers.

Dan-Dan

Sometimes you dont click on threads because you assume they arent in your interested zone , then you click on it anyway and wish you had earlier!

Fraud of a grandma and fraud of the bank , all in one fell swoop


mental lol

Mrs_Imp

And all for a teeeeeeny tiiiiiny little house. Seriously. It's very very very small

YoungBusinessman

Obvious wind up is...............

well, obvious.

Brallaqueen

he's doing it in the motoring section as well. Only this time it really is him!

https://forums.moneysavingexpert.com/discussion/4507959

a choice quote from artbaron - "People are suspicious of posts like this, hence the response. Three weeks ago you were 20, not 19, and worked part-time in a supermarket with a kid to support. Now you're saying you have £10K cash to spend on a car for which you've been quoted oddly low insurance premiums (for either of your ages)."

CKhalvashi

Brallaqueen wrote: »

he's doing it in the motoring section as well. Only this time it really is him!

https://forums.moneysavingexpert.com/discussion/4507959

a choice quote from artbaron - "People are suspicious of posts like this, hence the response. Three weeks ago you were 20, not 19, and worked part-time in a supermarket with a kid to support. Now you're saying you have £10K cash to spend on a car for which you've been quoted oddly low insurance premiums (for either of your ages)."

Hmmmmmm, my thoughts exacly.

I bought my first house at 18, and feel it's a good thing to do, however the difference is that I paid about £9k with some help from my parents, for a property just outside Moscow. 2 years later, I had 2 children, was working full-time and also studying, so it was security I needed. (This is more common in the culture I grew up, than in the UK)

Being young, however, should be for living, and not stuffing oneself with too much debt.

CK