corsaaa_16v
Member
Registered: 8th Feb 06
User status: Offline
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Im looking into buying a house/apartment in the near future!!
Just wondering a couple of things, as with the job I'm in, I can afford a nice semi, around about £150000, but I'm wondering if I would be better starting a bit lower down, and work my way up!!??
Im thinking along the lines of a nice modern terrace with attic conversion, or a modern apartment sort of thing??
What would you recommend as a first house!!?
Help welcome, and anyone who has recently moved into a house with any advice, etc!!
Cheers 
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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buy whatever you can afford basically. If you can afford to go bigger then do so, as no real reason to start lower down unless your going to look into cheaper areas that may rise in value more than other, etc.
So work out what you can afford, what bills will be, what other costs of living will be (food, car, etc.) and then just go for a house you like and can afford.
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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Deffo buy what you can afford, there will be masses bills every month that you'd not think of (see useful links thread - theres a thread in the with bills on)
Semi for £150k on a repayment mortgage will be what, £885 @ 5% over 25 years, plus £500 for bills (with varying council tax depending on your area) food and fuel you'll need to be taking home £1700 a month
This is coming from someone who bought their first house, and underestimated every bill even thou i was given sound advice to go on  its been hard work the first year, im on my feet now thou!
Honestly, MINIMUM of £1700 take home as you'll need emergency money as well (road tax, boiler services etc)
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