will i be able to purchase a property??

EOX82

I haven't read all the replies so sorry if I'm repeating. I'm also no expert!

Will the other family members be paying rent under the rent a room scheme? Could this go towards your income?

00ec25

Freecall wrote: »

We should be tolerant though, maybe the poster is not a native English speaker.

agreed, normally I won't correct forum grammar / spelling (of which I am as guilty as the next person hence my signature block)

However, if English is not their first language, then it is all the more important that this specific error be corrected since, as you say, lending instead of borrowing renders some posts almost incomprehensible hence the need to learn the difference and be corrected until the lesson registers.
Therefore, I fail to see the point of your post given marliepanda's response posted some 6 hours before your contribution where they admitted their mistake and pointed out their occupation (of which i obviously was unaware at time I posted) and so graciously accepted some egg on face they did not have to admit to in in such a public manner.

kingstreet

On £12k a year, with no credit commitments, dependents, maintenance payments etc, you can borrow about £42k over 25 years, £44k over 30.

u_r

kingstreet wrote: »

On £12k a year, with no credit commitments, dependents, maintenance payments etc, you can borrow about £42k over 25 years, £44k over 30.

Thank you soo much for the indication on how much i can borrow wth my current salary.

to all others thnk u for your responses....i am part time at the moment..yes my roles is probably one of the lest. if not least, paid(if u go by per hour rate). i am stuck in a very bad way..took my employers three years to put me in a course which will improve pay slightly.that course will not finish until end of 2014. Due to some reasons it wont b convenient to change jobs whilst course still running.

however, the houseprices are on the rise therefore i neeed to act quik..otherwise will never b able to get on the property ladder.

u_r

Excuse my spelling and grammer........have a temp and flu for abt three weeks now...dead fed up with that aswell!

ViolaLass

u_r wrote: »

however, the houseprices are on the rise therefore i neeed to act quik..otherwise will never b able to get on the property ladder.

I assume you're not trying to buy in London giving the prices you've been talking about. In that case, I would say there isn't much rush, house prices aren't going up that much and it's far more important to make sure you can AFFORD what you buy and that it's right for you.

u_r

ViolaLass wrote: »

I assume you're not trying to buy in London giving the prices you've been talking about. In that case, I would say there isn't much rush, house prices aren't going up that much and it's far more important to make sure you can AFFORD what you buy and that it's right for you.

:rotfl:id be like dis if i was trying to buy in London....that would hav been good, would have looked in a cheaper town then!!!!!!

oh thnks for the insight....i jus thought slowly n steadily dey will go up..

Kazza_Monkey

ViolaLass wrote: »

I assume you're not trying to buy in London giving the prices you've been talking about. In that case, I would say there isn't much rush, house prices aren't going up that much and it's far more important to make sure you can AFFORD what you buy and that it's right for you.

This is very true, and good advice. Besides, home ownership isn't always all it's cracked up to be. Perhaps it might be worth you holding tight til you finish your course at the end of 2014 when you will be in a better position from wages point of view. IMO I don't think the prices will go as mad as they have done in London in the past 12 months. Good luck with the course, keep us posted on your progress:)

u_r

Kazza_Monkey wrote: »

This is very true, and good advice. Besides, home ownership isn't always all it's cracked up to be. Perhaps it might be worth you holding tight til you finish your course at the end of 2014 when you will be in a better position from wages point of view. IMO I don't think the prices will go as mad as they have done in London in the past 12 months. Good luck with the course, keep us posted on your progress:)

Thank you very much kazza...im actually ahead in terms of coursewrk..if i was allowed id probs study 24/7 nad get it complete even before 2014 starts!!!!!!!!!!!11but im told I cant finish early:(

this property is waaay toooo small for the needs/moods of individuals

ViolaLass

u_r wrote: »

oh thnks for the insight....i jus thought slowly n steadily dey will go up..

On the whole and over the long term, probably, but it's not that straightforward.

We bought last year and today OH and I had a conversation weighing up what work we're going to get done on the house this year. The electrics are the priority as something in the wall has blown (cost: up to £2k), then some of the windows are shot and need replacing (cost: maybe £4-5k), the boiler is set to pack up some time soon (£2k to replace) and so on...

We can't afford it all so we're working out what's vital and in what order it should be done. Owning a property means responsibility and bills which you need to be able to afford and which you would not have to deal with if you rent.