MoogleViper Posted January 18, 2012 Posted January 18, 2012 £100 for mortgage protection is expensive. Mortgage advisors make their money by selling expensive protection. You should check out other options. Martin Lewis' website is a good source. You should also check what it covers. They often have a lot of clauses which enable them to get out of it (such as pre-existing medical conditions and so on).
Raining_again Posted January 18, 2012 Posted January 18, 2012 yeah they make you pay extortionate amounts and stick the finger in your face when you really really need help.... like most insurance plans...
nightwolf Posted January 19, 2012 Posted January 19, 2012 Ah the joys of mortgages, I seriously doubt I'll have one of those for a long while. Currently not moving, there's too much going on and after having to fork out on my car with most of my savings, it's pretty much taken a back seat. Not to mention, a decent sized one bedroom place is anything between 500-700, which is why currently I'm sat very jealous of Emma and Dan, I'd give a right arm to pay for a flat now in Sheffield! Le sigh! :P
The Lillster Posted January 19, 2012 Posted January 19, 2012 First, get a job and save up a deposit. Look for places within your budget. View places. Sign a lease. Rent place. Live there. If you're stuck for jobs, do a course/get more qualifications? Do you have a degree? I don't have a degree no. I'm currently for work. I have some call centre experience, that's about it. I was thinking of doing a degree in Computer Science a couple of years ago, don't know if it's still worth it.
EddieColeslaw Posted January 19, 2012 Posted January 19, 2012 I don't have a degree no. I'm currently for work. I have some call centre experience, that's about it. I was thinking of doing a degree in Computer Science a couple of years ago, don't know if it's still worth it. It's definitely still worth it if you can afford to do the course, unless the tech bubble suddenly bursts within the next few years. Here, it pretty much guarantees a job after graduation - or even before (1-year internships).
The Lillster Posted January 19, 2012 Posted January 19, 2012 It's definitely still worth it if you can afford to do the course, unless the tech bubble suddenly bursts within the next few years. Here, it pretty much guarantees a job after graduation - or even before (1-year internships). The real problem is that my maths isn't very good. Sorry for going off topic; I'll have to do some research.
EddieColeslaw Posted January 19, 2012 Posted January 19, 2012 The real problem is that my maths isn't very good. Sorry for going off topic; I'll have to do some research. Hmm, how not-good are you talking about? I'm not good at maths either, but I still managed to get my degree after failing an introductory calculus class twice Obviously, that's not ideal, but you can get through it by working hard and being competent at every other skill and aspect involved, and being genuinely interested in the subject. That said, it might feel like an uphill struggle sometimes, but the difficult things in life are the ones which are worth doing. -- To get back on topic...does anyone actually own their house, or is everyone just renting? It seems like a scary move to me, I can't fathom how much you would need to have saved. I hate being tied down to anything too, and my parents are struggling with mortgages since the recession, so it puts me off the idea of loans and stuff. I prefer (house-like) apartments to houses, anyway. Less maintenance. Not really discussing it seriously as I'm not even financially independent yet, just wondering
Ashley Posted January 19, 2012 Author Posted January 19, 2012 We went to view three properties today. The first we really liked and while the 2nd (my) bedroom was a bit smaller than I'd like when I move out I won't need to live in my bedroom so its not so bad. Picture: The second was weird. It was a large square room with an island for the kitchen and bathroom in the middle. It was a studio but she said "oh you can split it up". No. The third was really nice. I didn't like the 2nd bedroom because the bed was a small 'floor' build off the ground. Like a bunkbed without the lower bunk. It was too close to the ceiling (but had to be because of the door). Other than that it was amazing. Had a huge roof terrace. £60k over what we said. Problem is housemate's parents are financing quite a bit so it relies on her mother's mood and she seems pretty annoyed most of the time lately which doesn't help speed things along.
nightwolf Posted January 20, 2012 Posted January 20, 2012 That place is gorgeous, I'm pretty jealous of all you movers.
Emma Posted January 26, 2012 Posted January 26, 2012 We went to view three properties today. The first we really liked and while the 2nd (my) bedroom was a bit smaller than I'd like when I move out I won't need to live in my bedroom so its not so bad. Picture: There's no lights in the ceiling! Me and @Dan Dare looked round a house yesterday. It's at Hunter's Bar. Right where we want to be: The photos don't do the place justice. There's real wood floors, a working victorian fireplace, stone tiles in the bathroom and a spiral staircase up to the attic. There's a lovely kitchen and the surfaces are all wooden too. Th It's also south facing, and the living room faces onto the garden (through them lovely doors). The street the house is on is also cobbled and very private, yet in a great area. They're asking £600 a month unfurnished for it. The only downside is we'd find it tricky fitting a table in there :-/.
jayseven Posted January 26, 2012 Posted January 26, 2012 And where's the obligatory stonking tv gonna go?!
Ashley Posted January 26, 2012 Author Posted January 26, 2012 There's no lights in the ceiling! The black things running along the walls serve as lights, its just the current owner hasn't put any bulbs in (for some reason). Although during the day it's pretty well lit from the outside with the numerous frosted glass blocks that surround the room (that particular room is completely exposed to the outside). What's the green thing in that bathroom and why has it got pillows in?
Jimbob Posted January 26, 2012 Posted January 26, 2012 I've just about given up on the idea of moving, i know i'm still living at home but with this day and age of temporary work, unless i find a group of people i can move in with, i got no chance really.
Serebii Posted January 26, 2012 Posted January 26, 2012 (edited) Planning on moving out in the next couple of years. Don't want to rent as I feel that's wasted money. My plan is to buy a house and have some friends rent some rooms in it and use that to pay the mortgage, but without that I still make more than enough to make decent payments. I have a few that said they might, though one is on a maybe because he's thinking of uni here (he lives elsewhere atm) but may go elsewhere and others are getting serious with their significant others Going to have one problem though. I'm self employed and single and that will no doubt count against me Part of me thinks I should save up until I have enough for the house without a mortgage, but that'd end up with me staying at home until I'm like 34 which is unacceptable lol Edited January 26, 2012 by Serebii
Mr_Odwin Posted January 26, 2012 Posted January 26, 2012 It can be like a game for the rest of the forum. Which will Serebii do first? End the dry spell, or save up enough to buy a house? Place your bets!
CoolFunkMan Posted January 26, 2012 Posted January 26, 2012 My plan is to save for now, as I have a grand total of £0 saved. For 10 months, I was renting a flat with my gf, but she went back to college and I lost my job, so I had to move back to my parents around October. Plus I owe family members a shitload of money, so I have to pay that back, making saving difficult. I do have my job back, but it's still only contract work (three month rolling), and I'll only get around £940ish after tax... :/
MoogleViper Posted January 26, 2012 Posted January 26, 2012 Going to have one problem though. I'm self employed and single and that will no doubt count against me Part of me thinks I should save up until I have enough for the house without a mortgage, but that'd end up with me staying at home until I'm like 34 which is unacceptable lol Yeah but if you have a good credit rating and a significant deposit then you should be able to get one fairly easily. Currently they're giving great mortgages to people with good deposits.
Ashley Posted January 26, 2012 Author Posted January 26, 2012 Spoke to a mortgage advisor today! Felt so grown up :p Checking into joint mortgages and what would happen when, down the line, we'd go our separate ways. She said it would be fine as long as its all amicable (which it would be) and basically my friend would either have to get someone else in there or remortgage under her own name alone. Something to mull over. Didn't tell my friend as I want to consider it first but I have kind of fallen in love with that place I posted above.
Will Posted January 27, 2012 Posted January 27, 2012 That place looks awesome, Ashley. Was the rest of it as snazzy as the pic? I would really like to live somewhere like that.
Ashley Posted January 27, 2012 Author Posted January 27, 2012 That place looks awesome' date=' Ashley. Was the rest of it as snazzy as the pic? I would really like to live somewhere like that.[/quote']
Serebii Posted January 27, 2012 Posted January 27, 2012 Yeah but if you have a good credit rating and a significant deposit then you should be able to get one fairly easily. Currently they're giving great mortgages to people with good deposits. Yeah, I have a spotless credit rating and a significant deposit (I have six figure savings but want to double what I have before I go out and get a house so not all of my savings go to the deposit) so I should be fine. I can't go into the bank without them wanting to discuss mortgages with me
MoogleViper Posted January 27, 2012 Posted January 27, 2012 Hands up, who suddenly hates Ashley? *raises hand*
Emma Posted January 27, 2012 Posted January 27, 2012 And where's the obligatory stonking tv gonna go?! It'll be staying in the flat for now' date=' someone else signed for the house before us . What's the green thing in that bathroom and why has it got pillows in? Not a clue, it wasn't in there when we looked around, all the furnishings had changed (for the better)! The flat is very nice, it's unique and there's plenty of space for buying stuff. I'd say go for it Yeah, I have a spotless credit rating and a significant deposit (I have six figure savings but want to double what I have before I go out and get a house so not all of my savings go to the deposit) so I should be fine. I can't go into the bank without them wanting to discuss mortgages with me You've got THAT much money and you haven't moved out yet? I'm surprised your parents haven't already kicked you out.
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