The 'We're saving for a deposit' thread

tara747

BeardedWonder wrote: »

Just looking at the size of some of these deposits and... wow :eek: are you all planning to buy dream homes or live in central London?!!!

We started off saving for a deposit - but as time goes on and house prices keep falling, buying for cash (or with a tiny mortgage) is not out of the bounds of possibility! :T I don't include OH's savings in my sig btw.

Alejandro - wow!!!

markalanious

tara747 wrote: »

We started off saving for a deposit - but as time goes on and house prices keep falling, buying for cash (or with a tiny mortgage) is not out of the bounds of possibility! :T I don't include OH's savings in my sig btw.

Alejandro - wow!!!

Are you going to let us know what your savings are combined? I'm jealously curious

tara747

markalanious wrote: »

Are you going to let us know what your savings are combined? I'm jealously curious

He hasn't got as much as me but he's not doing too badly. He's getting towards £20,000.

markalanious

tara747 wrote: »

He hasn't got as much as me but he's not doing too badly. He's getting towards £20,000.

Excellent work Tara, you guys are quite inspiring. I'm certainly one of those 'i want it now' types, so saving is hard, but this forum is a great help!

tara747

markalanious wrote: »

Excellent work Tara, you guys are quite inspiring. I'm certainly one of those 'i want it now' types, so saving is hard, but this forum is a great help!

Aw thanks.

You're doing really well already! :T

lazer

Fingers crossed - 2nd viewing on a house tonight and offer put in!

Lets hope i get to put all the deposit savings to good use!

cassie46

Hello All
Can I join in? Not sure how it works so someone must explain lol. We are currently renting and at tops have a couple of hundred spare each month, however we have just cleared all our credit cards. Have extra credit on sofas and white goods but would rather continue paying them so we can start saving for a deposit. At the minute it is £0.00 which is very frustrating. How much do you need for deposit to buy a house plus extra fees?

nakiwala123

Hi All, update from me; I have just added another £900 to the total now up to 35% of my first deposit goal. I just can't wait for pay day to see that percentage rise.

Problem now is payday can never come round soon enough! Not that I want to spend it but to see savings grow. It would have been the former a few years yrs ago though. Im also a 'I want it now' person and this process is teaching me patience but its a challenge most of the time.

SG27

I don't think I've done an update for a while, I should really put it in my sig!

With this months payday savings it takes our combined total (mine and girlfriends) to £91,932.67! :j

Can't wait to reach the £100,000 mark!

Well done everyone! Keep it up!

nakiwala123

cassie46 wrote: »

Hello All
Can I join in? Not sure how it works so someone must explain lol. We are currently renting and at tops have a couple of hundred spare each month, however we have just cleared all our credit cards. Have extra credit on sofas and white goods but would rather continue paying them so we can start saving for a deposit. At the minute it is £0.00 which is very frustrating. How much do you need for deposit to buy a house plus extra fees?

Right now the minimum requirement is about 10% deposit but you might want to increase that to get better rates. From the posts on this thread people are going for £1,000-£10,000 for fees but please dont quote me on that. I'm going for £3,000.