How will I afford a property (20-30k deposit, full time job)

sim2335

I have Brooker telephone appointment on 23rd

sim2335

I seen a broker through William h brown estate agent she charges 600.

she thinks she could get me 140k will have to get leashold flat is that worth it she did say you can sell it just takes long

or wait a few more years and just buy a freehold.

MysteryMe

If you are really not keen on a leasehold property then I would carry on saving as much as you can. At the sort of property prices in the area you are looking at, unless there was a massive boom you re likely to out save any price rises.  Don't over stretch yourself when working out what you can afford to pay each month. you must always leave enough in the kitty for unexpected bills and routine maintenance.

sim2335

Thanks at the momment saving 940 a month one or 2 times a month it’s 500, as I need to take out a lump sum sometimes for other things, as I keep minimum for myself food transport and a few activates.

she did say leashold you can always sell.

t1redmonkey

sim2335 said:

she did say leashold you can always sell.

Well you can sell anything if it's priced correctly.  But leasehold flats/properties will generally be harder to sell than freehold.

anotheruser

Ignoring the buy to let thing...

Look slightly out of cities.

Leicester for example has lots of surrounding areas where you could buy a 2-bed house for the price you're looking at.
South Wigston (not Wigston), Blaby, parts of Whetstone, Narborough, Braunstone, even as far out as Hinckley or Nuneaton will herald results that will match your budget.

hazyjo

t1redmonkey said:

sim2335 said:

she did say leashold you can always sell.

Well you can sell anything if it's priced correctly.  But leasehold flats/properties will generally be harder to sell than freehold.

Not sure I'd agree with that.

Yes if you're comparing like for like. But not if you have a budget that will only stretch to a flat.

GDB2222

Have you look3d at shared ownership?

sim2335

Yes shared ownership not for me, just seems hard to get 100%

may have to go for leashold, flat even saving and waiting take forever 

sammyjammy

sim2335 said:

Yes shared ownership not for me, just seems hard to get 100%

may have to go for leashold, flat even saving and waiting take forever 

Or wait and take a punt that prices will flatten out a bit.