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The 'We're saving for a deposit' thread

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Comments

  • J_i_m
    J_i_m Posts: 1,342 Forumite
    Yes.. Aim for as a big deposit as you can, and don't feel embarrassed about being with your parents in your late 20's and early 30's. Many people are following this route I saving for deposits.
    :www: Progress Report :www:
    Offer accepted: £107'000
    Deposit: £23'000
    Mortgage approved for: £84'000
    Exchanged: 2/3/16
    :T ... complete on 9/3/16 ... :T
  • ManPants
    ManPants Posts: 559 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Thing is I can't get a mortgage without a deposit and it's just looking so far away :(

    Start by saving up your Isa...........once you get your first £5640 in the bank do the same the following year. With short term goals it seems more manageable! Plus you're only 28! I bought my first house at 33!

    Good Luck!

    Stupotstu
    Quit Smoking 12 years 2 months.
  • Jaybo10
    Jaybo10 Posts: 101 Forumite
    Tenth Anniversary Combo Breaker
    Passed the midway point today! waaahooo!

    Signature updated _party_
    Started saving January 2011
    BOUGHT A HOUSE Aug 2013 - WHOOPIEEEEEEE!:beer:
  • eviekins
    eviekins Posts: 187 Forumite
    Part of the Furniture Combo Breaker
    I'm up to 35k now and the boyfriend has about 11k. No idea what my target is though, but will probably be saving for a few more years yet! I am only in my early 20s though so not too bad I suppose!
  • samtoby
    samtoby Posts: 2,438 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker PPI Party Pooper
    I am making small progress :)
    3 Children - 2004 :heart2: 2014 :heart2: 2017 :heart2:
    Happily Married since 2016
  • gazfocus
    gazfocus Posts: 2,467 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    We're making progress as well. We've hit the 39% of our target and got a load of stuff finishing on ebay tonight so that'll boost our savings.

    Our target is actually a bit higher than we need because realistically we only need about £7500 for the house we're wanting to buy (including fees) so we're over half way towards that already :)
  • bodmil
    bodmil Posts: 931 Forumite
    Hullo everyone, so good to read up on everyone's progress. I'm hoping to hit the £64,000 mark this month but also hoping to put in an offer on a flat! Gulp! Going to be very weird having to part from it all!
  • Jay83
    Jay83 Posts: 119 Forumite
    bodmil wrote: »
    Going to be very weird having to part from it all!

    That's what i am worried about :o i know i have to do it but the thought of not having that safety behind me is scary. Dont know how i will handle it when the time comes.
  • eviekins
    eviekins Posts: 187 Forumite
    Part of the Furniture Combo Breaker
    I'll probably keep some back in case of emergencies :) I'd hate to not have that safety net!
  • ruby_eskimo
    ruby_eskimo Posts: 4,795 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    That's the same as me eviekins, I hate parting with large sums of money and when I do eventually get round to buying somewhere, I'm going to find it difficult to actually let it go!
    Emergency Fund - £8572.39 / £10,000 :: Mortgage OP 2025 - £
    LISA 24/25 - £3200 / £4000 :: NSD 2025 - 2 / 150 :: Books Read: 1 / 52 :: Decluttering - 4 / 1000
    Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 2017
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