We'll never be able to buy a house!

mr.broderick

James dont fall for the witch's charm..she was an EA you know which is AE backwards.No alter egos here james just one mr.b. Definitely think lynz has one though goes by the name of doozergirl...

before_hollywood

how about this for a laugh, i have a respectable (ish) job on the outskirts of manchester
The maximum we could lend is...

Standard products

£48,600
Find out more about our Standard mortgage range
Fixed Rate Plus

£54,000

and thats with a 10% deposit
yeah right, like i'm ever going to be able to afford anywhere, anywhere at this rate

mr.broderick

before_hollywood wrote: »

how about this for a laugh, i have a respectable (ish) job on the outskirts of manchester
The maximum we could lend is...

Standard products

£48,600
Find out more about our Standard mortgage range
Fixed Rate Plus

£54,000

and thats with a 10% deposit
yeah right, like i'm ever going to be able to afford anywhere, anywhere at this rate

You're going to need a 75% crash Don't rule it out though could happen

before_hollywood

i only want a 2 bed terraced, prices half what they are now will do me just fine cos repayments on those mortgages is £240-£300 a month and i can easily get a lodger in to pay that and maybe then i can have my first holiday since i was 19

mr.broderick

I hope it works out for you..

before_hollywood

so do i mate, this country was just fine till blair got in then the housing market got crazy and us ftb's got f****d over big time

kiwigirl

I couldn't currently buy a house locally, was told today by bank mgr that the £250 I'm putting every month in RS is a lot on my wages - did tell him that I don't think that anyone would offer me a mortgage to currently buy a house on my wages which he agreed.

I've built up at least twice my salary in savings, but no one will offer me a mortgage on my current earnings. I put between 1/2 and 2/3 of current wages into savings and still not enough to get a place of my own.

Current prices for ex LA places are £120k here in a not so nice part of area.

bob4jane

With calculations I have made, a deposit sa buddy to live with, or who wants half an investment but would let you live there on your own?)

As for the comments about people buying houses to extend them:
Capitalist society, I'm afraid. I'd do the same, everyone's trying to make a buck or two.
If I don't buy small, and then extend/improve etc- therefore making a profit on my first property, I'll be stuck in a one bedroom house in BrokenJaw-ville for ever!
Now, having two houses- that's a bit selfish, isn't it?
Some of us haven't even got ONE!!

chocolatechipcookies

mr.broderick wrote: »

Sick of hearing about people who cant afford to buy who haven't even tried to save for a deposit and have signature debts "Lightbulb moments!" longer than the wait for jesus..geeez.

Some of us can't afford to save enough for a deposit. I'm sick of people complaining about things they don't have a clue about.

chocolatechipcookies

nicola1982 wrote: »

TBH your salaries are very low, even with a crash you'd struggle to buy in a nice area. Surely you'd be tons better off renting as you'd be eligible for housing benefits on that income.

Could you look at getting a second job or perhaps changing careers to a better paid role?

I haven't even started my career yet. I need to save some money to get my licence first, I want to be an estate agent. Plus finding a job as an estate agent is hard (well maybe not as hard as I think) because they usually don't advertise. As soon as I can drive, I'm going to write letters to every single estate agent in Hull. My income is very low, but it's a lot higher than any other job I've had. :rolleyes: