Advice needed please - buying a house - can i afford it?

narced

I agree, with the figures you show I think you're heading for disaster if you try and buy something now. Put as much away each month as you can for a couple of years, who knows if house prices fall by as much as some people think then you will be in a much better position to buy. Living with your parents for a bit longer is much better than risking being repossessed.

Lotus-eater

PasturesNew wrote: »

On the other hand, it is good to bear in mind it might not happen and keep an eye on what you will have to do; plan for a future living alone.

I never met anybody, never settled down. However, it is VERY rare that I meet anybody EVER who is in my position. Most people do seem to have met somebody at some point.

You know what Pastures, I've continuously read on here, you putting yourself down, about how you are never going to find anyone and I have not said a word. Mainly because you are a realist and you also have a self depreciating SOH.
Most people meet someone, because as human beings, its what we do. If you wanted to meet someone, you could, you could do online dating, anything.
I think its about time you stopped putting yourself down and "go out and do something less boring instead"

Trollfever

OP.

I know folks your age who have bought the house, had kids, split up, had the house repoed and then gone back to live with their parents.

P.S. In uncertain times cash is King.

barnaby-bear

PasturesNew wrote: »

You seem to be spending a lot on "fun", I've tried to break things downs so this is apparent:

NEEDS

12 Internet:
12 TV licence:

Wants
20 Denitst

Weird priorities? Dentist (healthcare) is a luxury want but a telly and TV license is a Need ????

PasturesNew

barnaby-bear wrote: »

Weird priorities? Dentist (healthcare) is a luxury want but a telly and TV license is a Need ????

barnaby-bear wrote: »

Weird priorities? Dentist (healthcare) is a luxury want but a telly and TV license is a Need ????

It's tricky getting things into the "right order" sometimes, and I will admit I rushed.

Also, with so much coming in, she'd have them both anyway.

pinkshoes

londongirl, you are 30 years old, and the amount of cut backs you'd have to make to afford this place could leave you living like a hermit!!

I know you'd like to have your own home, but at what cost?!? Would you really enjoy your home if it meant giving up doing all the other stuff you seem to love?

It sounds a bit like social suicide to me!

What if you get pregnant? Fall in Love? If the price drops and you can't sell it, will they let you rent it out?

Life is for living.

londongirl

Thanks everyone for the advice. I definately don't want to be living like a hermit! So i will look at things again. I guess it feels a bit depressing now as on one hand my parents can be great and i am very grateful to them for having me live back with them and have all my furniture in the spare room. On the other hand i feel like i am 12 sometimes not 30 living here. But it could be even more depressing if i think i am here for the next 5 to 10 years (and thats depressing for them too imagine not just me!)

lostinrates

londngirl, I'm 29, marrie and like you, with my parents. My DH is working and lodging in London, we live in the southwest. It has not been an easy decision to make. My parents are elderly -older than you'd think from my age- and while we have seen places we could afford with DH having a long commute in Kent the idea of my parents falling ill or having an accident and me tryig to get from the far side of kent to here worries me to be honest, especially if I should have a family. A london flat is an option for us but we have a dog and cats (and a horse) and so an unhappy option, and its no longer where we want to make our home. Being with parents is not always rosy. My arents are great, kind and generous, but I fel like a naughty teenager most of the time. I even have to be nagged to tidy my room sometimes (I'm excessively house proud in our own space but somehow bing at home makes you feel 12 and not neat!). we are crammed in a bed too big for the room with as much of our furniture as can fit in, and living out of suitcases. Most of our stuff is in storage. There are times its nice to be with family, there are times its sheer hell!, but better to be here now saving with hope, than returning laer with nothing and less hope.

Rabiddog_2

Why on earth Do you think the openmarket homebuy (or whatever it is) money is going to run out? Most of these schemes certainly get a yearly allocation of money, if not a monthly budget. They will still be here in a years time, possibly with even better deals, as the market tanks. You would be on a financial knife-edge, Truthfully your job with the charity is probably nice and cosy and untaxing but if you went out into the commercial sector you could probably up your salary by 25-40%. Charities still live in the age of volunteers and good works and tend to underpay their workers.

Lakey

London girl: I understand exactly how you feel, but just imagine as someone mentioned before, if you were now divorced with two kids!!
I think you are doing exactly the right thing, as badger used to say just keep looking and listening. (shows my age)
Keep looking for good offers and start monitoring how much prices are reducing for the flats you are interested, keep listening to clever people like Pastures and take your time to make a decision thats right for you.

Pastures, I have a really great friend who is so happy in her own skin, been on her own for over a hundred years. When I had my traumas,(long story will PM you if you want to know details!!) she got me through and made me so happy in myself and really set on being on my own for ever. Then when I wasn't expecting it met the love of my life and getting remarried!!

:T