We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Advice for FTB to be.
Fishcake_Random
Posts: 1,159 Forumite
Hey guys,
Me and OH are having some thoughts about saving up some cash and getting on the property ladder. What advise can anyone help us out with???
at the moment we rent a two bedroom flat for £600 a month about as low as it goes in our area, we have about £250 a month to put in our savings. between us we have around £5,000 at our desposal at this moment in time. so for each year we can save about £3000 - £3500.
have we any chance at all???? lol considering we also live in the south east near southampton???
Should we just save our butts off and see what happens over time???
or buy a mobile home and live like max and paddy???:rotfl:
kind regards
fishcake
Me and OH are having some thoughts about saving up some cash and getting on the property ladder. What advise can anyone help us out with???
at the moment we rent a two bedroom flat for £600 a month about as low as it goes in our area, we have about £250 a month to put in our savings. between us we have around £5,000 at our desposal at this moment in time. so for each year we can save about £3000 - £3500.
have we any chance at all???? lol considering we also live in the south east near southampton???
Should we just save our butts off and see what happens over time???
or buy a mobile home and live like max and paddy???:rotfl:
kind regards
fishcake
Happily married mama of 5
0
Comments
-
The more deposit you have the better the rate you will get on your mortgage which in turn will pay for itself.0
-
Well, you can get a 1 bed flat in southampton for about £110k, so if you only have £5k savings, then you'd need to have a joint salary of about £30k, and would have monthly morgage repayment of about £700/month (taken over 25 years).
Don't forget solicitors fees and survey costs... although I think properties under £125k are exempt from stamp duty.Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
What kind of price range are you looking at for properties?poppy100
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards