The 'We're saving for a deposit' thread

BrettMorganxD

vl2588 wrote: »

That's great! I couldn't bear living at home, plus it was too far to commute anyway...imagine how rich I'd be if I could *dreams*

Well I LOVED having my own flat, but the thought of parting with £380 a month, when I could just stay with my dad and save for my OWN house just made me move back

My dad annoys me too, but I am grateful for everything he has done for me. He is a brilliant dad. That plus the face he works 6am-5pm weekdays, so i dont see him when im at home often

mouche

Hi...this will be my last post on this board. I know I haven't been very regular for a while but I just wanted to pop back and let everyone know that we have finally got to the end of our journey and have exchanged contracts on a lovely house. We expect to complete on Friday and move in on Saturday. We ended up giving a just over 20% deposit. Just wanted to report our success to maybe help inspire people who are struggling with the savings slog - I know there were times when I nearly gave up!

The_Pixi

Simon11 wrote: »

After achieving my target and talking with rents, I'm going to stay at home to save more £££££££

Currently have £41k saved personally and gift of £20k from grandparents.

My target is to increase my salary from £22k to £30k and save £26k (£1k every pay packet 4 weeks) in two years.

By which time I'll be 24, house prices will be the same price (I hope!) and I can afford my ideal house in a fantastic area! I could afford a £240,000 property in a nice area of London, 2 bedrooms, good location, garden ect

Let the new saving target begin

Not to sound down but where in London are you hoping for?

BrettMorganxD

The_Pixi wrote: »

Not to sound down but where in London are you hoping for?

Is london really that expensive? houses round here tend to be £80-100,000

That is for an average 2-3 bedroom with a big garden

aless02

BrettMorganxD wrote: »

Is london really that expensive? houses round here tend to be £80-100,000

That is for an average 2-3 bedroom with a big garden

:eek: Yes, London really is that expensive. I think £240k for a decent part of town is reasonable, but you won't be very central.

The_Pixi

Well I'm hoping to be buying a home in a few years and I'm saving like mad, but 2 bedrooms in London for less than £300,000? I doubt it would be a fantastic area, or even a house for that matter. Most likely a ex local authority estate flat.

I live quite close to the centre near Tower Bridge and my flat is about £300,000 and thats a one bedroom with tiny balcony.

I work in the City and Id not want to live too far out of that so I can walk to work (much cheaper than train tickets) houses/flats for less than £300,000 are likely to be in areas like Elephant & Castle, White Chapel and then heading more east and south.

Not the kind of areas you'd want to stagger home at 11pm drunk, from after work drinks

I look on Rightmove all the time and seeing what I will have to settle for to live in a nice area here is depressing, the rest of the country looks like Aldi by comparision (full of bargains)

amblondon

BrettMorganxD wrote: »

Is london really that expensive? houses round here tend to be £80-100,000

That is for an average 2-3 bedroom with a big garden

Sadly £240k in London = a 2 bedroom flat in the 'burbs! :eek: But it is possible in one of two types of areas: "edgy" or "boring" (ie quite a long way out)

BrettMorganxD

amblondon wrote: »

Sadly £240k in London = a 2 bedroom flat in the 'burbs! :eek: But it is possible in one of two types of areas: "edgy" or "boring" (ie quite a long way out)

Not long ago here £250,000 was the price of a 5 bedroom house joined onto a 5 acre field.

That being said it was a repossesion which needed £50,000 of work. But 250k for a 2 bed flat is way over my limit

Starbrite

BrettMorganxD wrote: »

Is london really that expensive? houses round here tend to be £80-100,000

That is for an average 2-3 bedroom with a big garden

I just rightmoved Clapham last 24 hours with garden and this is cheapest flat house home....

http://www.rightmove.co.uk/property-for-sale/property-31519771.html

and here's one in Hammersmith a posh nice area, nice one bed flat

http://www.rightmove.co.uk/property-for-sale/property-35177378.html

I wish it was a lot cheaper down here but alas everyone wants to live here yet I've no idea why!

Alioth

Starbrite wrote: »

I just rightmoved Clapham last 24 hours with garden and this is cheapest flat house home....

http://www.rightmove.co.uk/property-for-sale/property-31519771.html

I wish it was a lot cheaper down here but alas everyone wants to live here yet I've no idea why!

It's in Brixton and not Clapham.