Wedding costs

chibney

“
Hi,

my name is chris and im hoping someone on here can help me by answering a question for me.

Me and my girlfriend are thinking of the future and getting married, next september my current mortgage deal which is a two year fixed will end and i will then owe £93,0000 on the property i live in, today i've had a valuer come round and value the property at £155000, if i was to increase my mortgage to cover some costs of the wedding would i typically get a lump sum at the start of the mortgage or how would this work?

i would be very gratefull if someone would reply

many thanks
chris:)

arbrighton

Don't increase your mortgage for a wedding. Ridiculous. And that's what it would be for, the wedding, one day, with increased debt for your life together (the marriage, the bit that matters!)
Getting married to be married as the start of your life together can cost about £100 for giving notice and the legalities in the register office.

Save up, cut your coat according to the cloth you have etc.

7roland8

Agree with above comment. Pay what you can afford to save, nothing more. It's only one day and a bit of paper. I'd rather pay off more mortgage.

paddyrg

The happiness and length of a marriage is entirely independent of the cost of the wedding. Indeed it's a way to cause post-nuptial distress having no spare cash to enjoy a meal out, etc. Save, have as big an event as you can with what you saved, but it really isn't about the cash despite what everyone selling wedding stuff will tell you (and it is a HUGE industry!)

Andrew_Ryan_89

I wish I could start my wedding planning again as I have made a number of mistakes. I guess the benefit is I can pass on my lessons learned!

1. There are wedding venues that charge per-head and can typically be cheaper than hiring a venue and doing the catering separately.

2. Have a serious think about who you wish to invite. My initial list included people I would not have liked to attend, gave my parents way too many invitations and with those, wasn't explicit enough about NOT bringing their partners.

3. Give yourself enough time to plan and save. I rushed into a wedding because my girlfriend wants children by a certain time and not out of wedlock. If those don't apply, simply save for the wedding as long as it takes. Even if you spent £50,000 (as an extreme example) on it, as long as you saved that money specifically for that purpose, you'll be fine.

4. Don't buy the engagement ring from the high street, try find a jeweler as they can be significantly cheaper. Shop around with your OH and keep in mind that their other stones besides diamonds. Also, Platinum, Palladium and Titanium are all more expensive than silver and [white] gold but they all look the damn same.

5. Don't get into debt

cashewnut

This is the wedding board, not the mortgage board. Maybe there's a more appropriate forum to ask your question?

BritishBibliophile

I wouldn't recommend remortgaging to pay for a wedding.

You and your fiancee should sit down and work out what both of you want from a wedding and how you've both envisaged your day, including type of venue, rough number of guests etc. Then look online to see what kind of costs that vision will entail. If it's a horrendous shock, then you may need to scale back your ideas.

THEN sit down together and work out how you can save to afford the wedding you want. Your marriage is going to be about working together, start by working together to afford the wedding you want, and don't get in to any debt to fund it!

CherylBartlett

I completely agree with the statement made by arbrighton. It is really not a good idea to increase your mortgage for the reason of wedding. You can go for the wedding in particular amount which is in your budget.

jimbo0

It really depends on how you want it to be. It can range from few thousand pounds up to few hundred thousand pounds.

If you have a limited budget, try doing things on your own (eg wedding invitations, decoration, dj etc). In few words the more you outsource the more will cost you (eg, with a wedding planner). Contact different venues, catering companies, photographers etc. Ask for a quote, and if you want to ask for a discount just ask "is the price negotiable?".

You can find some good diy wedding tips in this facebook page: Wedding Dresses and DIY Wedding Tips

Pont

Everyone has been full of, I'm sure, well meaning advice re: don't remortgage etc. However this wasn't what OP initially asked. It's not for us to offer advice that wasn't asked for!

arbrighton

Pont- the original thread is over three months old, it's been brought back up for spam purposes