Mortgage Deposit in Southeast

zarf2007

Foxy-Stoat wrote: »

If you are struggling to get onto the property ladder with a joint salary £140K then your looking at the wrong ladder.....and your on the spend as you earn scheme.

and why shouldnt we? we are afterall paying tax to support the previous generations final salary pension schemes while we are shafted into a scheme which pays peanuts on retirement. If you work a 40+ hour week i dont see why you should not expect to live in a nice house, even if only renting?

zarf2007

BillJones wrote: »

That's not true. Please don't assume that we all live as you do.

yes, jogon mr average, go an live an average boring life then drop dead at 50, im sure we will remember you, not.

[Deleted User]

zarf2007 wrote: »

and why shouldnt we? we are afterall paying tax to support the previous generations final salary pension schemes while we are shafted into a scheme which pays peanuts on retirement. If you work a 40+ hour week i dont see why you should not expect to live in a nice house, even if only renting?

You get too choose - spend all your money on rent and expensive dinners out or save some money, then buy somewhere (and since you'd have a budget of >£500k, don't think anyone around here is going to cry for you) you can afford.

How else do you think you're meant to save for a deposit?

If you want somewhere bigger, you move out and commute. Your budget would buy a nice 4 bed detached in my Hertfordshire commuter village

zarf2007

ringo_24601 wrote: »

You get too choose - spend all your money on rent and expensive dinners out or save some money, then buy somewhere (and since you'd have a budget of >£500k, don't think anyone around here is going to cry for you.

How else do you think you're meant to save for a deposit?

which is why we did both, had and enjoyable lifestyle renting and then bought just before the boom, my property has increased by £75K in 7 months so I am laughing all the way to the bank....but if our joint salary were £65K our chances of buying would be limited...even saving every penny...

jjlandlord

I think zarf2007 should stop polluting this thread and go trolling somewhere else.

Clearly he has a very special talent that allows him to be extremely well paid for his 40+ hours weekly (also known as a normal week), though it seems well hidden.

[Deleted User]

of course your chances would be limited - thats what money does, provide your life with more choices

You could still buy. It just might not be up to your illustrious standards. You'd have a budget of about £270k. You can certainly get an ok 2/3 bed in Watford or Hemel Hampstead for that. If you want nearer London, you could buy in Romford or Tottenham.

Foxy-Stoat_3

Nothing wrong with spending what you earn, depends on what your proprieties in life are.

NOONE will have spare cash if they live upto their means, doesn't matter if you live in London or the deepest part of Wales, earn £10,000 or £70,000 year...its all relative.

yoshiyella

ringo_24601 wrote: »

of course your chances would be limited - thats what money does, provide your life with more choices

You could still buy. It just might not be up to your illustrious standards. You'd have a budget of about £270k. You can certainly get an ok 2/3 bed in Watford or Hemel Hampstead for that. If you want nearer London, you could buy in Romford or Tottenham.

Don't buy in Romford - that will be one less house for me to consider at that price range!

Also, I have spent the last 5 years trying to save for a deposit - no meals out, no going to see my mates at the other end of the country and living in a "scummy" part of Romford for cheap rent - oh and no holidays away and now I have a 25% deposit and will spend the next 30-60 years living a nicer life for it - a little hard work goes a very long way!

Foxy-Stoat_3

yoshiyella wrote: »

Don't buy in Romford - that will be one less house for me to consider at that price range!

Also, I have spent the last 5 years trying to save for a deposit - no meals out, no going to see my mates at the other end of the country and living in a "scummy" part of Romford for cheap rent - oh and no holidays away and now I have a 25% deposit and will spend the next 30-60 years living a nicer life for it - a little hard work goes a very long way!

Well done for saving, it will be worth it in a few years time when your LTV will go south of 70% when all the other 95% folk still won't of chipped anything away.

Hope your no where near 50, like zarf states !!! LOL

cattie

zarf2007 wrote: »

, my property has increased by £75K in 7 months so I am laughing all the way to the bank....

Hardly anything to laugh about on the way to the bank, seeing as while your property has increased greatly in price over the past 7 months, so has every other similar property, so the monetary gain to you is absolutely zilch, unless that is you own another property outright that you can move into or plan to sell up & move into a run down dump or an area that is far from desirable for a pittance. :cool:

My own property has increased a little more than yours over the past few months, but I do realise that to buy something that is basically the same as I have now is going to cost me upwards of £85k more, so not exactly what you could call a profit.