money money money..

lil_lady_2

ok decided to start saving to buy a house been looking at house prices in nottingham ( im living in london) iv seen ones in the area id like for about 72,995 , now how much do i need to save to cover costs such as deposit hidden fee's and moving costs?

Andy_Hamilton

I moved into my first house 5 months ago for £83K. I put down a deposit of £2K but I then spent around £2K on stuff I never even knew about not to mention doing up the house and living.

123oleary

you should have at least a 5% deposit, solicitors fees incl searches will be around 500 - 800 , survey about the same and the your mortgage fee could be anything from 0 - 1000 although you can normally add this on to your mortgage . not sure about moving costs as when ive moved ive always roped in some mates and borrowed a van. i think proffessional moving companies are expensive. i dont think you pay stamp duty on 73000 property.

dmg24

Could I ask which are you are looking at lil_lady? £73K is very low for Nottingham. Do you know the area well? x

lil_lady_2

dmg24 wrote: »

Could I ask which are you are looking at lil_lady? £73K is very low for Nottingham. Do you know the area well? x

http://www.homesinnottingham.co.uk/new/homes_view_property.php?id=1131316451&&firm=48378210

heres the link , i dont know the area well but i know wot its like iv been there have friends that live there read alot about it things like that..

lil_lady_2

Andy_Hamilton wrote: »

I moved into my first house 5 months ago for £83K. I put down a deposit of £2K but I then spent around £2K on stuff I never even knew about not to mention doing up the house and living.

ok thats not to bad? i can save about 5-6k in a year i think? i havnt tried yet i only work part time due to having a little one but soon ill go in to full-time so i could probably save more i can get intrest free loans ( friends and family)

dmg24

lil_lady wrote: »

http://www.homesinnottingham.co.uk/new/homes_view_property.php?id=1131316451&&firm=48378210

heres the link , i dont know the area well but i know wot its like iv been there have friends that live there read alot about it things like that..

Oh hun, that's Broxtowe. It's not nice at all. When I worked at ntl, we wouldn't send engineers there at night without a police escort because it was so bad. Even in the daytime they had to go in pairs.

Why not come up for a few days and have a look around? x

lil_lady_2

lol well my other halfs brother lives 2 miles away from there and they'v never complained ( there not rough) and thats not wot i was thinking of buying it was just one id looked at , and i will be in nottingham this weekend as for i have been there b 4 but broxetowe was in my no no list , iv lived in supposedly low crime areas of london but still manage to have found guns been held at knife point cars stolen .... but i have got a list of no no areas i didnt realise that was in broxetowe . wots NG7 like?

dmg24

I think some people would class it as Strelley (I imagine the EA would tell you it was), but it is definitely Broxtowe!

NG7 covers a big area. Some of Basford and Lenton is NG7, but you also have Hyson Green, Radford and Forest Fields. The former two are definitely better than the latter three.

Possibly better to look at areas rather than postcodes. How far out of the city centre would you be willing to go? x

lil_lady_2

well ill be driving soon and my other half drives so its not to much of a problem how for but im not sure yet how about aspley??

dmg24

Aspley is somewhere I would avoid, but it does have its better parts. Again it is one of those areas where you are in danger of spilling over into nasty areas. You could say that about anywhere, but more so with Aspley.

It is perhaps worth having a drive around in the evening, which is when most of the problems are likely to occur.

If you are on a limited budget, I would recommend having a look at Old Basford. It isn't the best of areas, but it could be a lot worse, and you can get some nice Victorian terraced properties for around £80K.

If you can stretch your budget a bit further, and you are willing to go further away from the city, you could look at Hucknall (I live there, don't let that put you off!). It has two small parts that I would avoid, but otherwise there are some well sized properties available, along with excellent transport links (you can be in the city centre in under twenty mins) and good schools.

If you need any more specific info, feel free to PM me x