Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
|
if i was to get one i need one with a garage.
now how much for a good one? bout 80k?
what kinda wage would i need to be on annually to achive this and be able to have some cas for ma car and decorate and maitian the house u knw water, leccky, gas, and whatever else you have to pay?
|
Drew
Banned
Registered: 24th Nov 01
Location: County Durham
User status: Offline
|
ffs adam
how many ideas do u have in a week
1 day its a normal car
next day its a track car
next day ya after a house
wot ya gunna be wanting tomorrow? 
|
L33 LEG
Banned
Registered: 6th Jan 03
Location: Blackburn . Drove: Dimma Saxo VTR
User status: Offline
|
it all depends on were u live mate. i mean in my town 80k wud get a nice terraced house but u have to pay up2 130k now for a semi with a garage.
i have a terraced of my own and me n my dad are doing it up proper like for when i turn 19 next year. i have no job and if i wanted could move in if it was ready now. i dnt have to pay rent tho  .
but yes u have water, leccy, gas, and then theres ur TV license, counsil take a load for shit like dustbins and that  not sure what else u need.
[Edited on 28-12-2003 by L33 LEG]
|
Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
|
drew im 21 and at home 
i need ma own house everyday car and a track car these 3 things would make me very happy
everyday can comming next year either veccy or mondeo
track car weill be some time in the future
house i just want end of next year
|
L33 LEG
Banned
Registered: 6th Jan 03
Location: Blackburn . Drove: Dimma Saxo VTR
User status: Offline
|
best bet is goin down to estate agents and see how much houses are goin for, aslong as u have a job and its permanent i cnt see why u wont be able to manage living on ur own.
|
Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
|
adam its worrying when u cant even spell ure home town correctly in ure location 
|
L33 LEG
Banned
Registered: 6th Jan 03
Location: Blackburn . Drove: Dimma Saxo VTR
User status: Offline
|
i noticed that
|
Dan B
Member
Registered: 25th Feb 01
User status: Offline
|
Last house I looked at buying was a 3-bed semi, with driveway & garage......£39,500! 
Just got to look hard enough, have a look on http://www.rightmove.co.uk, that's where I've found most of the places I looked at.
Decided to rent for a few months in the end, moving into a 2-bed alarm-protected semi, with driveway & garage, tomorrow......all for £350 p/m, fully furnished.
Will help me clear some more debts, before I look to travel down Mortgage Road!
|
Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
|
quote:
Originally posted by Kerry
adam its worrying when u cant even spell ure home town correctly in ure location
look at ma sig
fixed now anyway
|
L33 LEG
Banned
Registered: 6th Jan 03
Location: Blackburn . Drove: Dimma Saxo VTR
User status: Offline
|
that is ur first step to finding ur home
|
Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
|
what kinda salary will i need to be looking at annually to get one? with garage and drive
|
Dan B
Member
Registered: 25th Feb 01
User status: Offline
|
As already said, it depends on your location......at a worst-case scenario, multiply your salary by 3 for your mortgage, then deduct any debts you've currently got, and you have your realistic mortgage level......add to that the fact most mortgage-lenders won't pay 100% towards your new house, most will only pay 95% or even 90%, leaving you needing to scrape together a sizeable deposit.
Where you looking at moving to, and what sort of place do you want? 3-bedrooms, or are 2-bedrooms enough? Semi, or a terrace with a garage will suffice?
[Edited on 28/12/2003 by Dan B]
|
Skinz
Member
Registered: 15th May 03
User status: Offline
|
In worcestershire your looking at 80 to 120 thousand for a two/three bedroom terraced poissibly semi.
Mortgage is 3.5 times ur salary or some lenders will do 4 times. Also you have to take ur loand or any credit you have off of that figure. Also like Dan said you will probably have to do a 95% mortgage or lower so this means having 4,5,6 grand available for deposit.
Then you have to think about fees when buying the house like Stamp Duty, solicitor's fees and on and on. Basicly your looking at about 1500 down the drain in tax and solicitors fees.
It's and expensive business
[Edited on 28-12-2003 by Skinz]
|
Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
|
2-3 bed semi detached with garage in a quiet area
in a sorta radius of where i am now
[Edited on 28-12-2003 by Adam-D]
|
Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
|
so say a 15k salary so thats 45k no good
20k - 80k thats better am looking for a new job early-mid next year so id need a at least 20k a year salary
how long do mortages last?
|
Skinz
Member
Registered: 15th May 03
User status: Offline
|
25 or 30 years is the norm
|
Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
|
so 25 year mortgage on 20k a year how much a year will i be paying?
cant i pay like 5k a year and have it finish earlier?
on a 25 year one id be paying 3.5k a year ?
sorry if im doing anyones head in but im just trying to get my head around it all
|
Skinz
Member
Registered: 15th May 03
User status: Offline
|
I'm about to get a house and i'm getting a 80 to 85 grands property78 grand is mortgage then you add the 5% onto it which is 3900 thats what ive got to pay. Then I can add any extra I have onto that.
Then i'm going to pay about 1500 in tax's fees etc.
My repayments will be about £450 a month.
Elec will be about £120 ish a quarter
Water is about £50 a quarter
Council Tax is £55 a month roughly where I live
TV Licence is £12 a month
Then you have to pay for food.
|
Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
|
so i added all that together
plus gas and phone i got
£7250 for a year thst leaves me with a 20k job with bout 12k for car, food, and maitence and home improvents
|
dannycorsa c
Member
Registered: 8th Mar 03
Location: manchester (astley/tyldesley)
User status: Offline
|
brutha just got a 3 bed semi with big side gardenand grage at rear for 85K he got that bout 6 moths ago and its now worth about 110k since he dun it up abit!
|
Skinz
Member
Registered: 15th May 03
User status: Offline
|
quote:
Originally posted by Adam-D
so i added all that together
plus gas and phone i got
£7250 for a year thst leaves me with a 20k job with bout 12k for car, food, and maitence and home improvents
Yeah but youve gotta take tax and ni off ur salary
Apart from that yep thats it.
[Edited on 28-12-2003 by Skinz]
|
Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
|
so say 3k for tax n ni that leaves 9k
|
Skinz
Member
Registered: 15th May 03
User status: Offline
|
quote:
Originally posted by Adam-D
so say 3k for tax n ni that leaves 9k
More like 4.5k so that should leave you with a rough 7.5k for everything else.
|
Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
|
ah ok was a rough guess
|
mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
|
most mortgage lenders will lend 1st time buyers 100% of property price..
|
