Mortgages - how do people do it?

PiKe said:
I have standards.

.
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Stop moaning about the situation, there are loads of properties which you can afford, some even outright.

The only thing that is stopping you is that you feel as though you are better than the properties which are at your level.
 
Jez said:
Stop moaning about the situation, there are loads of properties which you can afford, some even outright.

The only thing that is stopping you is that you feel as though you are better than the properties which are at your level.
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All of them are in retirement complexes!
 
Basically though, especially if the company is a sinking ship, find another job. You might have to anyway by the sounds of it if the company is going down :(
 
PiKe said:
So basically, I leave an already struggling business (my boss isn't paying himself) and drive the final nail into the coffin for them.
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If your employer is struggling the very last thing you should do is stuff yourself into a mortgage. Your lender is unlikely to be particularly sympathetic if you roll up to work one morning and the door is locked.

Job first, then mortgage.
 
If you don't mind this thread can be summed up to these points:

You have a large deposit.
You don't earn very much
You would like to live in the town you work in (despite its current status)
You have "standards"? (which means you want as much as you can get with in your budget)

what are you willing to compromise on?
 
tom_e said:
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.
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A thousand times this!

My dad spent his ENTIRE working life for a company, from 18 to his 50s.

In doing so, he amassed a hell of a pension, and was looking to retire early (this is in SA, not here).

The company looked over the figures, and realised they would save a huge amount of pension payout if they made him redundant before he could retire. So they did, and he only ended up getting 20% of what he would have if he stayed there for 2 more years.

So looking out for number 1 is the single biggest employment lesson I have learned from my parents.
 
£240 a month on food? There's the problem :D


I earn slightly more than you, but have managed to be able to afford to buy a house in the same region that you want (120k - actual = £130k); how? ....

1. Savings
2. The Mrs.
 
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EddScott said:
If your employer is struggling the very last thing you should do is stuff yourself into a mortgage. Your lender is unlikely to be particularly sympathetic if you roll up to work one morning and the door is locked.

Job first, then mortgage.
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Totally agree, last thing you want to do is default, lose the property, all your deposit, and end up totally screwed...

Make sure you're feeling secure in your work, and you aren't in a sinking ship.
 
Basically there's myself and my boss and it's a SOHO so it's not some faceless business.

I leave, he has nobody to do the IT and I don't think he'd find anyone else prepared to work for a low wage such as what I'm on.
 
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