So it is £880 as i said then? I am assuming you have included the figure based on this for a reason such as moving there, which will cause your net income to fall.
Mortgages - how do people do it?
- Thread starter PiKe
- Start date
So it is £880 as i said then? I am assuming you have included the figure based on this for a reason such as moving there, which will cause your net income to fall.
Soldato
I can't complain though. I went travelling for 19 months and blew £20k which would have been a deposit on a house. I know what I had rather done
Soldato
You will not get £120k mortgage if you take home £1100.
What is that gross? £17K.
You will get a max of £75k.
What is that gross? £17K.
You will get a max of £75k.
I can't complain though. I went travelling for 19 months and blew £20k which would have been a deposit on a house. I know what I had rather done
Yeah, I moved out at 18 and I've been renting ever since. I've been on some awesome trips, thrown some awesome parties, built many gaming rigs, had some pretty nice cars...
But now just wishing I had a property to call my own...
One day...
Soldato
http://www.rightmove.co.uk/property...lats&oldDisplayPropertyType=flats&radius=10.0
Loads of flats for £70k within 10 miles of Lake District. Not sure why you need to spend the full amount you can get. You could live more comfortably in a cheaper property.
Loads of flats for £70k within 10 miles of Lake District. Not sure why you need to spend the full amount you can get. You could live more comfortably in a cheaper property.
To be frank you are going to have to get a better income if you want to buy a house of your own at that budget. That salary is miles under the national average, and even people on average salaries often struggle to buy a house.
Gilly is spot on, if there work isnt there, move.
Gilly is spot on, if there work isnt there, move.
None of those are within 10 miles of where I work, more like 30 to 40 miles!
Man of Honour
It's a job you owe them nothing at the end of the day, don't hold your life back because you have some sort of misguided loyalty to a job.
Also it's normally best to get off a sinking ship before it goes under properly.
The problem is it costs too much, people say silly stuff like get a better job as if that's easily achievable and won't take long, the problem is a place to live costs too much, far more than it actually does in materials and labour, society would be much better off if important stuff like that didn't cost such stupid amounts, people don't realise just what effect it's having and it will only get worse, most of our economic problems are due to debt and greed, people shouldn't struggle for a place to live or have most of their money go to basic needs, it's a joke and i don't get why people put up with it.
Man of Honour
It is unfortunate for your place of work if they are so dependent on you, but you cannot have it both ways. You can't afford to pay a mortgage on your wage so you either live without your own property or get a better paying job.
I'm afraid there isn't much else you can do short of winning the lottery or binning the bird and getting one with her own pad.
Well, you've written a mortgage for £120,000 in the OP rather than a property.
What you mean then is a house/flat worth £120,000 with deposit of £47,500 leaving a mortgage for the remainder.
I'm afraid there isn't much else you can do short of winning the lottery or binning the bird and getting one with her own pad.
With a deposit of £47,500 the actual mortgage will only be for £72,500 wont it?
Well, you've written a mortgage for £120,000 in the OP rather than a property.
What you mean then is a house/flat worth £120,000 with deposit of £47,500 leaving a mortgage for the remainder.
Soldato
O well I'm trying to help, which town do you work in so we can search for you?
Soldato
With a deposit of £47,500 the actual mortgage will only be for £72,500 wont it?
*edit*
Gilly answered.
Soldato
I just blame the landlords for making rent so ridiculously high. It stops people saving enough to buy their own house because they're throwing it all away to someone else.
Indeed, but you did say a mortgage of £120k.
I take it you mean a property valued at £120k.
Sorry, I did mean that!
Man of Honour
If people hadn't paid it in the first place they wouldn't be inflated.
Simple supply and demand. If rent is too high don't move in and pay it, rent decreases to get tenants in.
I have standards.
Also, a lot are retirement properties.
Also, a lot are retirement properties.
Soldato
You evidently can't afford to have standards, or get a better paid job.