BritishBibliophile Wants A House
Comments
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Blimey Aardvark did you forget your Weetabix this morning?
I think BB's savings are to be applauded and they will certainly make a big dent in a deposit on a property. BB is only young and many people of my age don't even have the kind of money she has managed to raise.
In case you are not familiar with BB you might realise that she and a nice Gentleman Caller are going to get a house together. I bet it will be a nice one in a good area. She is bright and vivacious and trying so hard and doesn't need this kind of discouragement.
BB keep going girlfriend, you have many supporters who believe in you. It will be worth it in the end.Aiming for a minimal spend 20220 -
BB, go and see what Nationwide will offer you and then have a look around again.
There are schemes to help young starters on their first steps on to homeownership so maybe you can get onto one of those schemes instead
good luck and keep on going.0 -
Hello :hello:
I've just been catching up with your diary. You're doing really well - very close to £10K :T:T
If you wanted some advice about the amount of mortgage you could get you could post on the Mortgages board here0 -
Oh aardvaak :rotfl: Please don't assume that I'm one of those ignorant 30 year olds that tries to get an enormous mortgage with no money and no means of paying it back. Both myself and Gentleman Caller are far too sensible for that kind of rubbish. We know how much we have, we know what kind of percentage our deposit is, and we know how to live within our means and buy only what we can afford I use this thread, and the forum in general, for two things - 1. To keep track in my own head of what I've done and how far I've come, and 2. I've taken a great deal of inspiration from people on this forum, and I hope that I can pass that inspiration on by showing that it's possible to start small and build up
savingswannabe - Thank you darling, your Kitchen Fund thread keeps me going, it reminds me of what me and Gentleman Caller can plan for once we've taken biggest step! Kitchen fund, bathroom fund, and then in time...the step up to our next home!
Aesop - Thank you for popping by! There's definitely a lot of help out there, if Nationwide are a "no" then I'm already starting to line up some other potentials that we can speak to. Even if we don't get the first house we fall in love with, we might get the second, or the third0 -
Thank you Upsidedown Bear! I'll pop by there after we know where we are on Saturday0
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Myself and Gentleman Caller did indeed go to Nationwide and met a very nice, cheerful gentleman who talked us through the calculator that I'd already tried, albeit with more accurate information. He decided to give us a "worst case scenario", which didn't include any of Gentleman Caller's overtime (which is part of his contract, so they have to give him a certain amount and he has to do it), and obviously didn't include any bonus either of us might get.
It turns out that the reason why Nationwide won't give us a mortgage is because my job is a 2 year contract Chances are very high that it will be renewed, everyone on my team is on the same thing and has been for years, but it makes me a "serious risk". I have to have been in the job for a year before they will consider me, and even then they won't lend us the full amount that they would if I had a permanent contract, so we'd still be short.
My work isn't likely to put me on a permanent contract, it's just not the way they do things for the kinds of team that I work with. But it turns out that Gentleman Caller's cousin's husband (very convoluted) is a mortgage broker, or at least used to be. So Not-Quite-MIL is going to call her and see if he can point us in the right direction for lenders who will be a little more flexible, especially since neither of us currently has or has ever had any major debt or financial problem.
If I'd known this job would cause such a problem then I honestly don't know if I would have held out for something permanent, because I was at the end of my tether in my old role and really couldn't take it any more.
So I've now got to job hunt in the area that we want to move to, because I can commute to there from my parent's place for a few months. It'll be exhausting and expensive, but it can be done. I was going to look for a job in that direction anyway once we had a house, so it's just a case of moving those plans forward. Had a look this evening and typically all the admin jobs pay LESS than I currently earn, so that certainly wouldn't make things any easier when it comes to getting a mortgage :rofl:
I'm also coming down with a cold, my manager has managed to get the flu and has been off all week so I've been trying to organise things without her, I think the added stress has knocked my immune system a bit as I've been feeling ropey all day, which combined with yesterday's news has made me feel a bit sorry for myself. Such an attitude will be kicked in to place tomorrow, I need a good night's sleep tonight and then it will all feel better in the morning. Like my housemates always say, "Everything happens for a reason", and as I told Gentleman Caller, everything worthwhile that I've done in my life has always involved an uphill battle (including finding him ). All this means is that our home is not ready for us yet, and it will fall in to place when it's the right time for us.
With that in mind, I did a TT of £2.74 this evening, giving me a new total;
£9400.18!0 -
chin up hun. life is like a box of chocolates.
to be honest, you will find someone to give you a mortgage, it may just take a little longer. My sister got one through our brother in law who at the time was a mortgage broker. He had to deal with it slightly different but they got it and are happily (lol, not really) paying it back.
good luck with job hunting. I have been for a while and am now applying for anything and everything, not being fussy but hey even that's not good enough for DH!0 -
Hi BB and Aesop,
BB if I were to apply for a mortgage now I would be turned down as my job is in a sector that is experiencing redundancy and there is no such thing as job security. 8 years ago they were queuing up to offer a mortgage. Crazy isn't it?
I think the banks will relax the stringent requirements mortgagees have to meet. They usually calm down when we achieve stronger economic growth. You can wait or go for a permanent job. So sorry but I know it will work out for you. BB you are tenacious and if anyone can solve this irritating inconvenience, you can.
Aesop I am so sorry about the job hunting it is soul destroying sometimes. I have met you and know how amazing you are. I would hire you if I could. The hard bit is getting your foot in through the door at the right time at the right place. I may have to experience this soon depending what happens in my place of work.
You are in a difficult situation as you have to work around DS. Have you thought of working in a school? I think you would be great. You don't have to teach but I think you would be fab at this. You would be perfect also in management or admin. Having said that I would see you in sales too. You are clever and very reliable, customers would believe you.
Hang in there ladies, you are the loveliest people and I really think you attract positive energy. Remember Firewalker and how she would ask the Universe for help look at her now, an amazing professor and also a wonderful moneymaking blogger. It worked. It will work out for you I know it will. I genuinely cannot think of any nicer people to work with.Aiming for a minimal spend 20220 -
Thank you both Aesop and savingwannabe! We'll get there eventually, it was just sad to hear those words at the time. But I've had a few days to sleep on it and think about it, and at the end of the day I know that when it's the right time it will all fall in to place. We'll get some advice from OH's cousin's husband (mortgage broker) and see what he recommends, and in the mean time we can shove as much money as possible in to our deposit so we have to borrow less
My savings pots are all in storage except for one. I have a copper coin jar, a 5 pence jar, and a sealed savings pot where I was putting £2 coins and 50 pence pieces, and then just a generic "other loose change" jar where I was just putting all other change (mostly 20 pence pieces and £1 coins) at the end of each week. Typically the generic jar is the one that I didn't pack away, so it's now collecting ALL my spare change, which is a anathema to me because it all takes up so much space but very little of it can be put in to bags as there's not enough XD
Anyway, had to rummage through said jar to dig out a £1 coin for the parking on Wednesday and realised I had 5 £2 coins, swapped them for a £10 note with my Mum and decided to put it in the furniture fund, so that's now standing at £224.25, we can afford a cheap washing machine, a set of pots and pans, and a lamp Don't need much more than that!
No new savings total just yet, but I'm well under budget for this month so there will be some moving there too, want to get closer towards the end of next week first in case there's any emergencies!0 -
TT of £5.52 brings me up to £9405.70, edging closer and closer to the magic £10,000. Once I hit we're drawing a line under that money to act as our costs and fees money plus an emergency fund for any work that urgently needs doing on whatever property we buy, and everything over the £10k is going in to the deposit proper. I'll still count it in my pot though and me and Gentleman Caller can sort it out closer to the time.
No progress on the broker front, MIL hasn't got round to phoning the cousin, and there's no point rushing it when we haven't found "The House" yet. Instead I booked our flights to Rome last night, expensive as I didn't want to go with a budget airline, but the peace of mind I'll get it worth every penny. So that's now our flights and accommodation booked, now just need to count down to the 2nd week of May and we'll be off!
Also cash out of Prolific Academic the other day so that's another £20 in the Furniture Fund!
New total: £9405.70
Furniture Fund: £244.25/£10000
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