SLLM (Single Lady Large Mortgage)

Queen_of_the_Hive

Good Morning, 

@sistergold - congratulations on reaching a fabulous milestone in your extension plans. You'll be there before you know it. I absolutely believe home ownership tops renting hands down. However getting to home ownership in a very expensive area is mega tough so personally grateful to live in a lovely rented home too, just wish it was mine properly. Maybe one of these days

@LadyWithAPlan - very exciting to read you've had your first viewings. Whenever I have looked for property the budget has inevitably gone up from initial amount I thought I'd spend oh and yes management fees are eugh. Also watch out for rising ground rents. These have silently crept in some places in recent years and can quietly raise up the prices of ground rents. 

So in the hive we've enjoyed summer, spent way too much as usual but its the one time of the year I take foot off the pedal and just enjoy the time. So now September is here its back to reality and budgets etc. Investment property is quietly ticking along, next month there will be the added expense of annual gas checks and will find out whether my tenant will be staying (6 month ASL ends). She seems nicely settled so hoping she will stay put. On other developments my partner has been inspired to dip his toe into property and so is in the early stages of buying his first place and this one will be a bit different from my place. We are trying the holiday let route because of its location (and the opportunity to use it ourselves) so this is an interesting new project.  

LadyWithAPlan

Sistergold said:

LadyWithAPlan said

You will be glad to know I have just viewed my first 2 flats and ouch the service charges. Need to look for freeholds as well

Thank you at @lLadyWithAPlan, getting there with the savings. 

You Finally Viewed! Well done! Now you can begin to really narrow down what you want. Be flexible so that your gut/feelings will direct you in the right direction. When I was viewing what I originally wanted changed as I viewed as the viewings helped to refine what was important. Exciting! Xx

Yes viewing is weird seen maybe 10 flats of which 3 could be workable and nice but I feel I need to see way more. 


@Queen_of_the_Hive yes it is exciting, and also weird all these viewings. I am stretching my budget to £450k (though the payments back look LARGE and thus I can thus get most of what I want on the 2 bed v balcony/garden v freehold v  a decent location.  

Any advice on knowing it's the right one?  I am hoping this is much like dating, that you  see the one and know it.. (this plan has not worked in my dating life either so ..)
Or is it a case always of weighing up the positives ad negatives of each vs letting the emotion override you. At least I am not in a hurry.

Sistergold

Any advice on knowing it's the right one?  I am hoping this is much like dating, that you  see the one and know it.. (this plan has not worked in my dating life either so ..)
Or is it a case always of weighing up the positives ad negatives of each vs letting the emotion override you. At least I am not in a hurry.

@lLadyWithAPlan, you have made me smile, on “the right one, dating” analogy. Yes I think finding the right one/house is like dating. And like dating you also need to keep a cool head and make sure that the house will suit your needs and that you are not falling in love with how beautiful someone else has made it look as they will take away all their stuff. Like a guy he might look handsome all dressed up, but if “undressed” ie on a personal level they are lazy, not good in bed, short tempered etc. So a beautiful house might end up being by a train line so now you can not sleep due to noise and at the time you did not even check all this as you “just fell in love with the house” and lost all mental capacity? So despite falling in love make sure the guy/house does truly tick all the practical must haves! After falling in-love you still need to keep a cool head and not throw caution to the wind as viewing a house and living in it are two different things, so due diligence and listening to some advice is not bad. The practicalities need to override the feelings as you know if you make a bad choice the love will evaporate, it’s just a feeling 😹😹😹😹

Sistergold

Thank you @Queen_of_the_Hive, 
it’s really good your tenant seems settled and I should expect they will stay as it seems there is no reason to move? Most people hate moving in general so fingers crossed. XX 

badmemory

Sistergold said:

Any advice on knowing it's the right one?  I am hoping this is much like dating, that you  see the one and know it.. (this plan has not worked in my dating life either so ..)
Or is it a case always of weighing up the positives ad negatives of each vs letting the emotion override you. At least I am not in a hurry.

@lLadyWithAPlan, you have made me smile, on “the right one, dating” analogy. Yes I think finding the right one/house is like dating. And like dating you also need to keep a cool head and make sure that the house will suit your needs and that you are not falling in love with how beautiful someone else has made it look as they will take away all their stuff. Like a guy he might look handsome all dressed up, but if “undressed” ie on a personal level they are lazy, not good in bed, short tempered etc. So a beautiful house might end up being by a train line so now you can not sleep due to noise and at the time you did not even check all this as you “just fell in love with the house” and lost all mental capacity? So despite falling in love make sure the guy/house does truly tick all the practical must haves! After falling in-love you still need to keep a cool head and not throw caution to the wind as viewing a house and living in it are two different things, so due diligence and listening to some advice is not bad. The practicalities need to override the feelings as you know if you make a bad choice the love will evaporate, it’s just a feeling 😹😹😹😹

Absolutely spot on.

Sistergold

Happy happy Thursday, Financial update
I hope all you ladies are doing well? Last month flew by and September is here! Managed to pay £14k into the building fund. My mind will be more settled once I reach £100k. It will now be slower going until end of year. Children are back to school so will not be able to generate much as I need to give my 3rd child some extra attention as she is now in Y9, need to help her focus so that she does her best in her GCSEs. 

Building Fund now at £64k, £34k to go. At least I am now leaning towards my goal. 

 Will see if I can round it off later in the month to an easier figure.

tudorfan39

LadyWithAPlan said:

Sistergold said:

LadyWithAPlan said

You will be glad to know I have just viewed my first 2 flats and ouch the service charges. Need to look for freeholds as well

Thank you at @lLadyWithAPlan, getting there with the savings. 

You Finally Viewed! Well done! Now you can begin to really narrow down what you want. Be flexible so that your gut/feelings will direct you in the right direction. When I was viewing what I originally wanted changed as I viewed as the viewings helped to refine what was important. Exciting! Xx

Yes viewing is weird seen maybe 10 flats of which 3 could be workable and nice but I feel I need to see way more. 


@Queen_of_the_Hive yes it is exciting, and also weird all these viewings. I am stretching my budget to £450k (though the payments back look LARGE and thus I can thus get most of what I want on the 2 bed v balcony/garden v freehold v  a decent location.  

Any advice on knowing it's the right one?  I am hoping this is much like dating, that you  see the one and know it.. (this plan has not worked in my dating life either so ..)
Or is it a case always of weighing up the positives ad negatives of each vs letting the emotion override you. At least I am not in a hurry.

I once wanted to buy a place cos the cat was lovely! Obviously the cat was leaving with her owners but I wanted the house as "I didn't want the cat to be dissapointed"! 

Don't do that.....that way lies madness!

LadyWithAPlan

@tudorfan39 wow that much have been some cat! I am looking forward to having a dog when I buy... I have had cats and loved them but currently pet free.

@Sistergold tx on the practicalities vs the love (of a house) and fun to  see how you took my analogy  so much further ... I have dated that guy many times... definitely dont want a house thats good looking on the outside and lacking elsewhere ..

; Like a guy he might look handsome all dressed up, but if “undressed” ie on a personal level they are lazy, not good in bed, short tempered etc. 
)

JennyJukes

Hellooo how is everyone?  Boyfriend has moved to England for a job now.  We've spending the past weekends together before he left so I haven't been around.  I've got plenty to be cracking on with though.  The plan is to see each other every few months which will cost a bit of money but since we'll both be earning it will be split so it's not too bad.

I interviewed for another job at a starting salary of 12k more than my current salary and a further 15k at the top end... I'll find out next week if I got it, fingers crossed!  

I haven't been focusing on any saving or budgeting to be honest.  I'm making monthly overpayments to my mortgage on pay day and saving a set amount monthly but that's about it.  My car is to get MOT next month.  It is 12 years old now and to be honest it's done me well, most repairs have been self inflicted!!  But not so confident this time.  I'm just not sure what to do.  With working from home I can't really justify buying an expensive new car and with the jobs I'm going for, they're in the city where it's cheaper to just get the bus in that to drive and find parking.  I'm thinking I'll actually wash the car and maybe that will make it seem nice enough that I don't want to sell it if MOT all goes well lol

JennyJukes

PS has anyone elses heating gone on?? I spent last weekend laying in a park with boyfriend and then this weekend the temp was below 18 when I woke up.  I usually have heating set to go on at 18.5 but I had turned the wireless off so it didn't go on.  Yet we're due to have 22c tuesday and wednesday!!