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6K loan towards flat purchase
Comments
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There's nothing against getting a mortgage for £6k.
Except that there's not a lender who'll give you a new mortgage for anything less than £25k.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Whether you have £50k or £56k I am not sure you can buy anywhere without a mortgage on top of that. Have you looked at prices in your area?I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
The 365 Day 1p Challenge 2025 #1 £667.95/£430.71
Save £12k in 2025 #1 £12000/£120000 -
List of cities where you can buy a place for £50k please...
I'm not sure why you are demanding I do your research for you, but ok.
Also to highlight the OP's own post.I am finally in the fortunate position of being able to buy somewhere to live.
It means moving to a new city.
I have 50K in cash, and I am now saving for buying costs. In order to buy in a slightly less gritty area I think I need another 5 to 6K.
I'm guessing I can't get a mortgage for such a small amount
So they have 50K, are moving to a Gritty area and don't think they can get a mortgage.
Did you read the same post as me?• The rich buy assets.
• The poor only have expenses.
• The middle class buy liabilities they think are assets.0 -
So Middlesbrough... and thats it?
Normally a list comprises more than one item.
So you've disregarded all the information I provided which supported my interpretation over yours to focus on making a pedantic point regarding what constitutes a list (information which I was under no obligation to provide you with in the first place!).
:think:
Hovever if you insist,
I'll look forward to you proudly informing me that some of the links are a year out of date.• The rich buy assets.
• The poor only have expenses.
• The middle class buy liabilities they think are assets.0 -
So you've disregarded all the information I provided which supported my interpretation over yours to focus on making a pedantic point regarding what constitutes a list (information which I was under no obligation to provide you with in the first place!).
:think:
Hovever if you insist,
I'll look forward to you proudly informing me that some of the links are a year out of date.
No. I just get miffed by people who think they have a point by saying 'search for yourself'.
Why do I have to make the effort to prove your point? If you had a point, you would know this already.
So based on your advice, why dont you go on to Google and type 'how to enter a debate or discussion'.0 -
No. I just get miffed by people who think they have a point by saying 'search for yourself'.
Why do I have to make the effort to prove your point? If you had a point, you would know this already.
So based on your advice, why dont you go on to Google and type 'how to enter a debate or discussion'.
Thank you for your suggestion however I feel I am capable of entering a debate or discussion, for example in post 3 where I provided some (hopefully) useful advice to the OP.
You joined the discussion seven posts later with the perfectly understandable assumption that the 50K was their deposit. I politely advised in post 11 that I believed the £50K was their intended purchase price and not their deposit.
For whatever reason since then you have decided that rather than accepting that you may have simply misunderstood the original post based on the evidence from the OP which I re-quoted in post 15, you would instead focus on demanding I provide evidence of house prices across the UK in order to disprove my assumption. Evidence which I have since provided.
Until the OP returns and clarifies their situation we will remain at an impasse on this matter, so I will leave this thread for now and leave the other forum members to draw their own opinions.• The rich buy assets.
• The poor only have expenses.
• The middle class buy liabilities they think are assets.0 -
List of cities where you can buy a place for £50k please...
Most of the M62 corridor, South Yorkshire, Lancashire, North West, North East, Liverpool, Stoke on Trent. You can buy houses in Hull from £30k.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
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