Moving house, advice needed!
- Thread starter Kobrakai
- Start date
Take it from someone who's recently bought their first place and is earning a bit more than you - don't buy at the moment if you're only on £20k and have no deposit. I struggled. Do not push your finances with the economy as it is.
/debate
/debate
Thats nowhere near cambridge and looks about as appealing as a labotomy, I haven't seen an acceptable house in an area i'd live in for less than 120K in three years so please stop wasting ths guys time.
Back on topic, you'd be best of getting a room in a shared house gives you cheaper rent and an instant social circle which will be excellent moving to a new place you can then save up to move into a new place when your ready. This gives you a chance to scope out Cambridge and find the areas you like assuming of course that you like the job and the city!
Unfortunately Mr Frost won't be able to partake in this discussion for some time
What a nuisance. I was itching for him to tell me to go and talk about Mondeos, or something. What did he do, personal insult or something?
Unfortunately Mr Frost won't be able to partake in this discussion for some time
thank gawd for that!
[TW]Fox;11482560 said:
He crossed the ultimate line and anoyed the gillbot, after crossing all the others in the build up.
I agree with fox. I bought my first property over 8 years ago. i also currently rent the place i am living in, rather than own it.
you would be mad on his wages to buy a property, renting would be equally stupid at the rates being quoted for the area he wants.
Shared house is the way for the OP, have a look on flatmateclick.co.uk - bags of people with rooms to rent out, most much cheaper than renting a house (funnily enough, i also rent a room near to my work place, so have experience in all 3 scenarios).
Never mind eh Frost.
Unfortunately Mr Frost won't be able to partake in this discussion for some time
Oh no, and I was just about to come around to his way of thinking!
I started as a graduate several years ago on £20K per year.
At the time I was coming away with just under £1,200 per month net and my rent was £650pcm.
It was tight for a while until I got a few pay rises under my belt, but I managed it fine.
At the time I was coming away with just under £1,200 per month net and my rent was £650pcm.
It was tight for a while until I got a few pay rises under my belt, but I managed it fine.
Living on £500/month after rent/mortgage payments is doable, as long as you have a source of funding to fall back on in case you get short of cash (savings, interest free credit cards etc).
My recommendation might be to do some more research into the local area. Centre of Cambridge will likely mean £££, maybe you could find somewhere else with a good bus/rail link to your workplace.
My recommendation might be to do some more research into the local area. Centre of Cambridge will likely mean £££, maybe you could find somewhere else with a good bus/rail link to your workplace.