27k salary, I want to buy a house in England

csgohan4

[QUOTE=UrbanDanceSquad;69798562]I doubt they are many BTL landlords within zone 1 and 2. From what many of us at work can see, the vast majority of people we see in zone 1 and 2 are living in subsidised social housing. Such people are not working yet they occupy the homes within an area where rent and prices are astronomical for the working person? -Facts/figures to back up your argument??

You do realise that housing benefit sets the bar for rents and house prices? -On what basis?.[/QUOTE]



Your statements are entirely incorrect and truly can be construed as judgemental.


The house prices are based on market forces at present. With the prices being propped up by foreign and home investors.


You also do realise there is a benefit cap, so how does that raise the house rents??? Lol complete garbage your statements


Private housing and indeed BTL will not all consider Housing benefit claimants on the basis of risk. They are no longer given the housing benefit and it is paid directly to the claimant.


What is wrong with people living in social housing? Wherever they live, central London or in the sticks? Just because you work, does that mean you are entitled to live next to your work place??? Or is it you don't want to pay the season ticket you paid for??

emsywoo123

emsywoo123 wrote: »

I clicked on a few of these and each, without fail, required a PhD or some sort of post grad qualification.

Angry_Bear wrote: »

Surely you'd expect that as a requirement for a university lecturer?

Zoology_Dragon wrote: »

Of course they do, and even at the higher end of the scale they're not high salaries considering you've had to spend up to 10 years at university then anything from 2-10 years post-doc experience.

.

http://forums.moneysavingexpert.com/showpost.php?p=69795482&postcount=19

thequant said in post 19 that "with a half decent education.....there is no reason you shouldn't be on circa £50K+"

My post was that even with a postgrad, you may well not be on £50K+, it is not a given.

Zoology_Dragon

emsywoo123 wrote: »

http://forums.moneysavingexpert.com/showpost.php?p=69795482&postcount=19

thequant said in post 19 that "with a half decent education.....there is no reason you shouldn't be on circa £50K+"

My post was that even with a postgrad, you may well not be on £50K+, it is not a given.

Ahhh so you were making the same point that I was, fair enough

CC-Warrior

diesel01 wrote: »

I work in london, I have been working in the same place for over 3 years.

I would like to buy a property in which I dont intend to move to, my salary is 27 k a year, Looking on zoopla a 3 bed house in Wellingborough is in my salary range. I would have a deposit of 10-15k, is that enough? I can get a personal loan if that helps for a bigger deposit.

Will I be able to rent the house/flat out to cover to morgage?

Sorry If i made any typing mystakes.

Thank you.

I sometimes work in Wellingborough and there doesn't seem to be much to do, although there's shops and ample free parking, and it's slightly less worse than Kettering.

Do you enjoy going out during the week or have friends/family down there?
If you're planning on commuting to London then it may be a boring existence in Wellingborough with no social life or activities to do.

Angry_Bear

emsywoo123 wrote: »

http://forums.moneysavingexpert.com/showpost.php?p=69795482&postcount=19

thequant said in post 19 that "with a half decent education.....there is no reason you shouldn't be on circa £50K+"

My post was that even with a postgrad, you may well not be on £50K+, it is not a given.

I think that's where the confusion is. The post you replied to was responding to this post:

ManuelG wrote: »

If only university lecturers got close to that! They're closer to the £27k end of the market...

And the link was specifically a search for university lecturer positions. It doesn't really say anything about other jobs with or without the same level of qualifications - salaries for academics are not generally comparable with industry.

The response to a list of job adverts for University Lecturers pointing out that they require post-grad qualifications completely threw me - of course they do .

emsywoo123

Angry_Bear wrote: »

I think that's where the confusion is. The post you replied to was responding to this post:

And the link was specifically a search for university lecturer positions. It doesn't really say anything about other jobs with or without the same level of qualifications - salaries for academics are not generally comparable with industry.

The response to a list of job adverts for University Lecturers pointing out that they require post-grad qualifications completely threw me - of course they do .

Well actually, as an aside, my lecturer is currently undertaking his postgrad rather than actually having it already.......so that is not strictly true!

[Deleted User]

JencParker wrote: »

What experience is that? I suspect you are living in the sheltered privileged of the banking/IT sector.

Your 'knowledge' is way off the mark for anyone outside those sectors.

Your arrogance only adds fuel to the problem.

Don't ever-egg the IT industry either. Unless you're a contractor, the money doesn't go high until you're quite experienced. There's plenty of IT that isn't 'banking' related.

The average salary in London is skewed heavily by the very wealthy, with the majority not being on massively more than those in the rest of the UK. The key difference I've found though is that there is much more available jobs.

Dird

ringo_24601 wrote: »

Don't ever-egg the IT industry either. Unless you're a contractor, the money doesn't go high until you're quite experienced. There's plenty of IT that isn't 'banking' related.

The average salary in London is skewed heavily by the very wealthy, with the majority not being on massively more than those in the rest of the UK. The key difference I've found though is that there is much more available jobs.

Chop & change and they grow quick. I've been in my current job a bit over a year. If I changed jobs next month I'd be expecting a £4-7k pay rise. The lower end of that would take 3-4 years of annual increments sticking with the current place.

London has a bunch of £60k+ perm jobs (some up to £80k), it's rarer outside of there but then £50k outside London is better than £70k in London

Angry_Bear

emsywoo123 wrote: »

Well actually, as an aside, my lecturer is currently undertaking his postgrad rather than actually having it already.......so that is not strictly true!

It's likely (although I don't know if it's always true) that your lecturer will be employed as an RA who is also doing a bit of lecturing rather than employed as a lecturer. Certainly that was the case for a few people when I was still at uni. Although in some areas it's becoming popular to try to get people who have worked in industry - I don't know if the same post-grad requirements would be needed.

Innys1

Dird wrote: »

Chop & change and they grow quick. I've been in my current job a bit over a year. If I changed jobs next month I'd be expecting a £4-7k pay rise. The lower end of that would take 3-4 years of annual increments sticking with the current place.

London has a bunch of £60k+ perm jobs (some up to £80k), it's rarer outside of there but then £50k outside London is better than £70k in London

I'd agree with this. In the early part of my career I switched jobs every couple of years or so, earning a good pay rise every time. If I had stuck around waiting for annual increments of the same amount it would have taken ages. Loyalty to your employer is a waste of effort these days.