The 'We're saving for a deposit' thread

diggingdude

bopsybunny wrote: »

Just a lil update - we complete our purchase this Friday :j

Good luck to all the prospective home buyers! Hope your purchases go as smoothly as mine has been.

Happy Christmas!

I hope you have a great time in your new home

excelwizard

December payday update from me:

Nationwide Reg Saver: £750
Nationwide Current: £2565
TSB Current: £2250
Marcus: £5350
LISA: £10345

Total: £21,260

My goal for the end of 2018 was to have 21K in the bank so I'm happy Total saved this year is 7.5K. My goal for the end of 2019 is to have over 30K which means saving around 9K (or more)!

SweetCarolinee

Congratulations bopsybunny!! :beer:

Nichelette

I used to participate on this thread a very long time ago! My life completely changed as I met my husband and got married, but we finally saved enough deposit and had an offer accepted on a house in August. It does take time the save, and house prices are insane, but it is worth it to get there in the end .

diggingdude

So was a strange month. Moved a lot of money around as thought I had bought somewhere only for the seller to change their mind a few days later, so borrowed about a grand from different savings but hoping i can live cheaply for a couple of months and replace the grand without physically taking money from anywhere else. Got a couple of viewings this weekend in the £135-140k mark. Cant decide whether I should keep saving to maybe get the 15% deposit or go 10%, buy some nice things for potential house and then overpay mortgage.

Last month's total £15971

Current Savings

Lloyds Regular 2.5% - £2250
Halifax Regular 2.5% - £2250
Virgin Regular 2.24% - £250
LISA Account 1% - £14896

Target - £20000 April 2019 Total so far £19646 (So close)

tara747

Final payday update for 2018 (slightly late)!

I saved £3,540 in December (including interest from a bond). That's £14,832 in 2018 and £136,565 overall.

Delighted to have surpassed my £12k savings goal for the year

diggingdude

diggingdude wrote: »

So was a strange month. Moved a lot of money around as thought I had bought somewhere only for the seller to change their mind a few days later, so borrowed about a grand from different savings but hoping i can live cheaply for a couple of months and replace the grand without physically taking money from anywhere else. Got a couple of viewings this weekend in the £135-140k mark. Cant decide whether I should keep saving to maybe get the 15% deposit or go 10%, buy some nice things for potential house and then overpay mortgage.

Last month's total £15971

Current Savings

Lloyds Regular 2.5% - £2250
Halifax Regular 2.5% - £2250
Virgin Regular 2.24% - £250
LISA Account 1% - £14896

Target - £20000 April 2019 Total so far £19646 (So close)

So that changed quick, found a house which needs some work. Knocked them down 12% so low £130's as it does need work (nothing structural, more the kitchen has been trashed by tenants. Offer accepted yesterday evening, solicitor sorted today, mortgage application booked in for Monday. Fingers crossed ::j

mick1111

diggingdude wrote: »

So that changed quick, found a house which needs some work. Knocked them down 12% so low £130's as it does need work (nothing structural, more the kitchen has been trashed by tenants. Offer accepted yesterday evening, solicitor sorted today, mortgage application booked in for Monday. Fingers crossed ::j

Well done and good luck!

WodaSodowa

Hi! Couldn’t help myself and I had to check how is everyone doing! We’ve been in our house for just over 6 months and as it needed a LOT of work done any surplus money goes on it. So far we’ve done bathroom, downstairs toilet, tv room, living room and garden (gardens are so expensive!!!) so still have bedrooms and kitchen to do. We reckon we will be done by Summer and then start throwing money at our mortgage. I’ve seen you were talking about ex-council houses and I would really like to chip in with my view on this as we live in one. When we were buying I wasn’t really looking at the area we are living in now but my OH persuaded me to. We are living on the edge of the estate and the next street over is where we would look for our forever house in the future so it’s really not that different, neighbours are really lovely as well! Another thing I have to mention is that house was built and insolated very well (makes big difference in this cold). All in all I would say not to completely rule out ex-council houses some are a great investment or a step up on the property ladder. Xxx

diggingdude

Going to keep doing this as I don't trust nothing going wrong on this house purchase (survey went fine this week and mortgage company confirmed they are happy)

Last month's total £19646

Current Savings

Lloyds Regular 2.5% - £2500
Halifax Regular 2.5% - £2500
Virgin Regular 2.24% - £500
LISA Account 1% - £14896

Target - £20000 April 2019 Total so far £20396

Regardless of whether this house comes off I am so proud of my savings since April despite several challenges on the way. My free TV savings fund also passed £800 this month so should have a nice one for when the house completes