The 'We're saving for a deposit' thread

samtoby

Well done on 26k!!! I hope you are able to reach your target by the end of the year, Keep us posted. x

Odette

samtoby wrote: »

Who can say what the Government will plan next!x

I think you have probably hit the nail on the head there!

Joyce_M wrote: »

Think my original plans were total budget £5000

I have budgeted about the same for a 200k property :eek:

In other news I have put another 0.1% in my pot which is great because I am absolutely broke this month!

samtoby

I am hoping that when my deposit is saved up my partner might come on the mortgage with me (he doesn't have any savings) but he could come on it with me and we could get a better property with two salaries. I would have to write into it somewhere I paid the deposit but.... I will see where we are when I reach that. He rents a room somewhere. Could be so much cheaper than on my own. But I don't know how I would ask if he would like to live with me and my son....with a mortgage over our heads. Time will tell. xx

andrea1968_2

Well my other half has decided that I've finally lost the plot with this savings lark.

I was putting an old handbag into a charity collection bag that had come, so obviously had to empty it of old tissues, receipts fluff etc etc and I found £3.70 in the pocket. Then proceeded to go through every bag and coat pocket in the wardrobe just to see if there were any other surpises that I could unearth. Then I was caught with my hands down the settee seeing if there was any treasure down there ......... I now have an extra £9.60 towards the fund, a dusty vitamin tablet and a pen lid.:j:j

vl2588

I think Samtoby you will have to do what I have been thinking of doing - just split the mortgage unevenly so you own more than 50%; that way you haven't 'wasted' the fact that you saved all of the deposit!

I have a terribly spendthrift OH who runs an expensive car and likes to fly aeroplanes in his spare time on a relatively low wage, so I expect I will pay for everything: house deposit, fees, wedding (if we get there lol)!!!

(why is there no rolling eyes smilie?!)

nicole.17

Can I join please?
Student nurse, just started my final year of training and all my thoughts are on saving for a mortgage!
Moving back home with my boyfriend in July.. Buying our own home at the start of 2014!
I want to save £15,000.. he has £5,000 to save (he isn't very good at saving )

Wish me look, will keep updating
Good luck everyone!

Odette

nicole.17 wrote: »

I want to save £15,000.. he has £5,000 to save (he isn't very good at saving )

Snap! GL to you!

MandM90

Scrap that; added £400 today... 30% there already. We didn't realise how fast we'd be able to save if we stuck our minds to it. DW has applied for a part time supermarket job to boost it even more.

samtoby

I will have to see when I get to buying. Otherwise if he moves in he will have to be a lodger and that will be complicated. x

jetblack61

Hi all,
I'm totally new to the idea of a mortgage, and at the moment just know we need to save for a deposit...however, I'm unsure how much we realistically will need. I've heard 20% and 30% of the purchase price bandied around as ballpark figures, but is that actually true these days?

We've got around £10,000 at the moment, and I'm wondering how much more we'll need (and therefore how much longer it will take!)

I know it's a bit of a 'how long is a piece of string' type question, but I thought I would ask anyway! We're probably in an area where a house that would be suitable is around £150-£180k.

Any thoughts?!