The 'We're saving for a deposit' thread

nakiwala123

louby_lou wrote: »

Hi guys,

Can I jump aboard please? I've finally paid off the nearly £20k of credit card debt which I had, and am now ready to save for my house. I am thinking of a £15k deposit on a £150k-ish house. Does this seem reasonable to you? I've been reading that less than 25% deposits get much worse deals, however are they bad enough to put people off them completely? I'm desperate to stop renting!

What things do you do to support your deposit building efforts? eBay etc? I have a PILE of belongings to sell which I'd rather see as bricks and mortar than their current incarnation!

I've just put away £1500 into my house saving fund, aiming fo £15k by August 2011. Must update my signature to keep me motivated!

Welcome to the thread!

neas

Just thought i'd jump back in and say good luck people. we started saving when this thread started a couple of years ago... now 4 months in our first home together . Be Patient, hard working and hard saving and it'll happen. !

neas

neas wrote: »

Make me Member number 5.

See Sig

You made it wooh

Riq

My savings took a bit of a hit a couple of months ago as I bought I new car for £8,000. Which is alot more expensive to insure, tax and run. But it's worth it imo!!

Planning to get back upto about £35,000 deposit by this time next year

tara747

louby_lou wrote: »

Hi guys,

Can I jump aboard please? I've finally paid off the nearly £20k of credit card debt which I had, and am now ready to save for my house. I am thinking of a £15k deposit on a £150k-ish house. Does this seem reasonable to you? I've been reading that less than 25% deposits get much worse deals, however are they bad enough to put people off them completely? I'm desperate to stop renting!

What things do you do to support your deposit building efforts? eBay etc? I have a PILE of belongings to sell which I'd rather see as bricks and mortar than their current incarnation!

I've just put away £1500 into my house saving fund, aiming fo £15k by August 2011. Must update my signature to keep me motivated!

Sounds good to me, and major congrats on paying off your debt!!! :T

I am doing lots of things - saving as much as poss, taking advantage of grabbits, voucher and deals, taking my own lunch to work, cycling/walking instead of taking the bus, only shopping in the sale, charity shops and on eBay etc etc! I made a few hundred selling on eBay and am starting to do so again now that the dark evenings are here. Twin advantages are making a few bob and decluttering at the same time, hurrah!

Good luck!

hostie1985

Hi everyone

Hope everyone is doing well on the savings front, just a little update from me. As of the 1st Nov I have saved £22,010.97, i'm really pleased with this amount - started looking at places recently but nothing has jumped out at me yet.

Also just paid off my car loan, thats another £180 back in my pocket either to go into savings or save for insurance/tax etc.

Hostie

louby_lou

hostie1985 wrote: »

Hi everyone

Hope everyone is doing well on the savings front, just a little update from me. As of the 1st Nov I have saved £22,010.97, i'm really pleased with this amount - started looking at places recently but nothing has jumped out at me yet.

Also just paid off my car loan, thats another £180 back in my pocket either to go into savings or save for insurance/tax etc.

Hostie

That's great Hostie - I'm very envious! Did it take you a long time to save up? I think it will take a few years for me at least.

hostie1985

louby_lou wrote: »

That's great Hostie - I'm very envious! Did it take you a long time to save up? I think it will take a few years for me at least.

It's taken me just under 2 years to save the £22k, definately worth it because i'm starting to look at places but think i'm gonna hold fire until after xmas

You will get there - my first target I set myself was to reach was £15k

Hostie

doire_2

How refeshing to see a thread like this.

Sensible people doing the right thing and actually saving towards a house instead of just turning up at a bank and getting a 100% or 125% mortgage!

Its just a pity we weren't all getting 6% on our ISA's like we were a few years ago

My wife and i are currently saving for a deposit and once you start to see the pounds add up it then becomes a "habit".

Good luck everyone!

SG27

doire wrote: »

How refeshing to see a thread like this.

Sensible people doing the right thing and actually saving towards a house instead of just turning up at a bank and getting a 100% or 125% mortgage!

Its just a pity we weren't all getting 6% on our ISA's like we were a few years ago

My wife and i are currently saving for a deposit and once you start to see the pounds add up it then becomes a "habit".

Good luck everyone!

It's addictive isn't it! My girlfriend and I have been saving absolutely ever possible penny for a few years now.

I have £27,000 she has £24,000 and we have another £25,000 inheritance between us so it's looking for us but still going, if we find somewhere we really love at the right price we'll make an offer but at the moment just concentrating on the savings. We want as small a mortgage as possible.


I agree it's so annoying that savers get shafted! I just wish interest rates would rise!