The 'We're saving for a deposit' thread

EagerLearner

Hi everyone,

Well we're starting to get tired of looking... our area seems to be in a bubble, no price decreases here - and all the estate agents say properties are 'flying out' as they come in and saying 'Ooooh we don't have anything in that price range', making you feel that the last 4 years of savings are pointless...

Is anyone else looking in the south east and finding this? Can't be sure I will buy now at this rate, we may be forced to leave it 10-12 weeks and see what happens after Summer.

Seems some properties that were on for say £165, are now prices at £175 for the Spring bounce! Some poor sod who didn't know this will end up buying it...

Anyone else have enough deposit but feeling cheated?

happytails

Orlando_Virgin wrote: »

Yeah I think we're going to do the same, we are only gonna need around £11,500 tops for the deposit I think so we've already got a good £1300 knocking around for fees, but I would have liked more to be safe.

Thanks for the congrats, good luck to you too, I'll keep you all posted with what happens with this house, they're not in a chain and have already move to a house so its empty waiting to go!! The price agreement, mortgage, survey etc all to come!!

The one we want is empty - old person gone into care and the family are dealing with it.

The good news is one of my friends has just offered us up to £3k to borrow to put towards the house and fees :jjust gotta bag it now!

Sarah x

Orlando_Virgin

happytails wrote: »

The one we want is empty - old person gone into care and the family are dealing with it.

The good news is one of my friends has just offered us up to £3k to borrow to put towards the house and fees :jjust gotta bag it now!

Sarah x

THats great news congratulations!!

Got a few headaches at the moment, I only moved back home with my parents a couple of months ago but haven't registered on the electoral roll here yet, and I'm told that could be a big problem, it doesn't get updated til the first day of the following month. We're applying for a mortgage on Friday and I don't want anything to affect our chances on the application and i know this will.

The only thing I can do is go down there and explain the situation. I have sent my completed form for the electoral roll today.

JimLad

Hey all,

it was payday a few days ago so its time for an update! and i have met a major milestone!

I had to pay for a new cambelt on my car this month, which cost me £600 with the service, this ment i was only able to save about £300.

However...... as i was only just under last month....i am now at £10,280!

wooooo hooooooo! A little over half way to my target

its great to hear about people venturing into the housing market...good luck to you all!

happytails

We got our mortgage agreement in principle _party_ feels like a weight off our shoulders

And we've put a generous offer on the property we want, just waiting to hear back now - so nervous, but slightly excited :j

Sarah

ps. We got on the electoral roll at the parents house in May and lucky we did if it majorly affects your chances.

sunshine2000_2

Gosh I am so impressed with all you savers. I am trying desperately to save but other things keep cropping up- car problems, needing a holiday (albeit once a year) etc. So want to buy own place but living in London makes it seem so virtually impossible. I mean 250K buys you a small 1 (2, if your lucky ) bedroom flat.... so the decision is whether to stay here and rent or move to have a glimmer of hope of buying, Partner thinks Im crazy and that we should rent so as not to get tied down anywhere...... ahh?!

happytails

sunshine2000 wrote: »

Gosh I am so impressed with all you savers. I am trying desperately to save but other things keep cropping up- car problems, needing a holiday (albeit once a year) etc. So want to buy own place but living in London makes it seem so virtually impossible. I mean 250K buys you a small 1 (2, if your lucky ) bedroom flat.... so the decision is whether to stay here and rent or move to have a glimmer of hope of buying, Partner thinks Im crazy and that we should rent so as not to get tied down anywhere...... ahh?!

id move - but thats just me. you can get a 4 bed detached in a nice area up north for £250k xxx

ShelleyC_2

happytails wrote: »

id move - but thats just me. you can get a 4 bed detached in a nice area up north for £250k xxx

For fun I sometimes look at what I could buy in cheaper areas of the country but whilst fun it can be frustrating cause I'm here with work and moving would be tricky but at least East Anglia is cheaper than London and home counties

dippykitty

JimLad wrote: »

However...... as i was only just under last month....i am now at £10,280!

wooooo hooooooo! A little over half way to my target

Well done!

lydiandrew

happytails wrote: »

We got our mortgage agreement in principle _party_ feels like a weight off our shoulders

And we've put a generous offer on the property we want, just waiting to hear back now - so nervous, but slightly excited :j

Sarah

ps. We got on the electoral roll at the parents house in May and lucky we did if it majorly affects your chances.

Well done :T see told you it would be worth it