The 'We're saving for a deposit' thread

bodmil

Zelie, it's good for motivation. I have my dream house's sale brochure saved on my computer, just in case I need reminding why I don't need another pair of shoes/clothes/chocolate/petrol etc! Sadly at 4.45mil it's very much a dream house!

ljaneyr

bodmil wrote: »

Zelie, it's good for motivation. I have my dream house's sale brochure saved on my computer, just in case I need reminding why I don't need another pair of shoes/clothes/chocolate/petrol etc! Sadly at 4.45mil it's very much a dream house!

I find a walk past the window of the estate agents that has the really expensive houses does the trick for motivation, you know the ones with stables and seaside/riverside views etc. I know I will have to wait but one day...

Zelie

bodmil wrote: »

Zelie, it's good for motivation. I have my dream house's sale brochure saved on my computer, just in case I need reminding why I don't need another pair of shoes/clothes/chocolate/petrol etc! Sadly at 4.45mil it's very much a dream house!

Wow, that's a seriously expensive house! Fortunately my dream house is more modest so I do have a shot at owning it (or one in that street) someday.

Sylvia1982

Hiya all, I am new to this thread

My situtation is that I have been saving for a deposit on and off for the last three years. Unfortunately, exspensive holidays and the purchase of my first car has got in the way(tut tut tut). I moved back into my mums one and a half years ago due to personal reasons. Now I really need to get serious and start saving as much as possible as I miss my freedom. I am currently saving about just over £1k a month and aiming to move out realistically by Jan 2012.
The property prices that I have been looking at is £125k -£130k for 2/3 bed houses. Unfortunately, I will have to commute further to work as I am moving out of London to Bedfordshire.
So my aim is to save £40k for the deposit, fees and furniture.

ljaneyr

Sylvia1982 wrote: »

Hiya all, I am new to this thread

My situtation is that I have been saving for a deposit on and off for the last three years. Unfortunately, exspensive holidays and the purchase of my first car has got in the way(tut tut tut). I moved back into my mums one and a half years ago due to personal reasons. Now I really need to get serious and start saving as much as possible as I miss my freedom. I am currently saving about just over £1k a month and aiming to move out realistically by Jan 2012.
The property prices that I have been looking at is £125k -£130k for 2/3 bed houses. Unfortunately, I will have to commute further to work as I am moving out of London to Bedfordshire.
So my aim is to save £40k for the deposit, fees and furniture.

I am in a similar situation, I moved back in with my parents last september temporarily - but I'm still here! Luckily you are saving way more than me so you should be able to get that deposit soon! Living at home is a nightmare at the moment but I'm still spending money on a holiday this year - why am I so weak when it comes to holidays?:mad:

tara747

Holidays are an essential in my opinion lol!!! Enjoy them

Sylvia1982

Finally somebody is in the same boat as me. Have you found yourself spending more money since moving back in with your parents?
My mates wishes to book a holiday for summer, not sure on how to break the bad news and say 'no'. I am soo in trouble.

Steven--_3

Hi

I'm in a similar boat to many here, was renting for a long time and just not saving any money, so I moved back in with the folks last year.

It's not great at my age, but they are so good to me it could be worse, it certainly motivates me to save more to get out !! I'm just not prepared to be bullied and shunted around by some middle aged landlady any more. BTL and AST laws have a lot to answer to for my generation :mad:

Anyway, I take home a 2970 per month, have a car loan of 300 per month and that's it. So far I've only saved 5000 as I've had quite a bit of stuff to pay out, flights and hotel for a wedding later in the year, car insurance, road tax etc etc etc

I figure I probably will be looking at house for around 200k, my salary is 48k and would get me 192k on 4x salary, 144k 3x salary, so I think around 20k for a 10% deposit, which I should hit by early next year, but the more i can save on top of that the better

The only fly in the ointment is that I was personally bankrupt 5 years ago, so this will obviously have an impact on what, if any, mortgages are available to me. Currently there is only one high street lender lending to someone with such a financial history, and this will obviously change by this time next year, who knows if it will be for the better or the worse????

I've already decided that, if there are no decent mortgages available, I'll just buy a cheap studio somewhere with a 50% mortgage. There are always mortgages for scum like me, it's just during lean times like now, the LTV percentages are lower and the rates higher. i just don't want to rent anymore, would take a small studio flat that was mine over a lavish rented 2 bed house any day of the week.

Still, it will all be off my credit report next summer, so whilst some lenders ask anyway, at least my credit record will be looking good

Hope to stick around and share saving tips !

Dinah93

I moved back in with my parents 20 months ago, we hopefully will complete on our first house in the next 3 weeks and will be moving in in September after our wedding, giving us time to do the work to it before we move in. I've actually really enjoyed the last 2 years at home, finding it quite hard to accept we'll never all be under the one roof again!

Squish_21

Dinah93 wrote: »

I moved back in with my parents 20 months ago, we hopefully will complete on our first house in the next 3 weeks and will be moving in in September after our wedding, giving us time to do the work to it before we move in. I've actually really enjoyed the last 2 years at home, finding it quite hard to accept we'll never all be under the one roof again!

Congrats on completing on your first house!:T:)