T21SVJ
Member
Registered: 14th Sep 06
Location: formby Drives: Company Cars
User status: Offline
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How much deposit did you put down when buying your first house? how much was the house and how much did you pay back each month?
I am looking to move out sometime this year i have 10k saved up but wantting to know if this is enough?
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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£17600 deposit (10%)
£176k house
£943 a month mortgage
all depends where you live, with 10k you could get a nice house for 100k in some areas.
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John
Member
Registered: 30th Jun 03
User status: Offline
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That obviously depends completely on what you are buying.
A 10k deposit will get you a 100k house in general, then you'll need another couple of k for fees.
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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Don't do it, houses are shit
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Gaz
Member
Registered: 24th Aug 03
Location: Widnes, Cheshire
User status: Offline
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£110,500 house
£5.5k deposit
£711 a month
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John
Member
Registered: 30th Jun 03
User status: Offline
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Very few 5% mortgages about now, although there are some for some specific criteria.
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Gaz
Member
Registered: 24th Aug 03
Location: Widnes, Cheshire
User status: Offline
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We bought ours 2 years ago, right before the credit crunch and when the interest was highest... We managed to get one of the very last 5% deposits! And hopefully we'll never have to pay as much as we are doing now
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T21SVJ
Member
Registered: 14th Sep 06
Location: formby Drives: Company Cars
User status: Offline
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thanks guys,
can get a 2up 2 down house around here for about 100-120k.
think i will save up another 5-7k so it helps bring down the monthly payment.
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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More than 10% deposit
£217,500 house
£849 mortgage
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IvIarkgraham
Premium Member
Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline
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0 deposit
125k mortgage
650 or something like that!
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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Just rent and spend the rest on drugs/hookers/tiger blood
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Demo
Member
Registered: 27th Sep 01
Location: south wales Drives: astra sri ecoflex
User status: Offline
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124K house
18K deposit
500 per month
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Just remember that whatever house deposit you have, you'll need a good few thousand extra for solicitors fees (£1k), furniture (£2k), house-y bits and pieces (£1k) plus some left over as a rainy-day fund.
I think I put down £12500 on my flat but had £20k in savings before I bought anything.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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£6,000 which took us just under 95%LTV which was the max they would lend us. I would have paid a greater lump sum but needed to hold back some capital to start the renovation work.
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drunkenfool
Member
Registered: 7th Feb 03
Location: Hereford Drives: Audi R8 V8
User status: Offline
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£140k apartment, £37k deposit. £533 a month
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Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
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£37k deposit  Nice saving!
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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minted dad ftw
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Lynny
Member
Registered: 3rd Jan 03
Location: oop north! Where people talk properly
User status: Offline
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£79,999 house
£6,000 deposit
£338 per month mortgage
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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quote:
Originally posted by drunkenfool
£140k apartment, £37k deposit. £533 a month
Whereabouts in the shire do you live?
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Toby
Premium Member
Registered: 29th Nov 05
User status: Offline
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125k house
25k desposit
530 mortgage
Issue I had was I purchase at height of. The recession so limited on mortgages but saved 20k on the house so swings and roundabouts
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Would be interesting to also know the terms people are borrowing over too.
I only owe about £70k but still paying £500 a month like a lot of you who owe a fair chunk more than me.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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In October, I owed £101,500 (or thereabouts; just under 85% LTV); and have 22years left to go.
My mortgage is fucked up at the minute though - I'm on a fixed rate of 4.99% iirc but the last three months have varied from £606.86 to £712.10 then £676.00 this month; there was a screw up over the account which they were trying to take the DD out of but changing that from one account to another shouldn't have affected the premium. I really need to sort that out!!
[Edited on 08-03-2011 by LiVe LeE]
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Half Pint
Member
Registered: 25th Mar 02
User status: Offline
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deposit = 18.6k
Price £185,500
mortgage = £590 
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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term?
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Not quite sure anyone is proud of borrow a load and only paying a little off at a time 
I'd rather get mine paid as quickly as possible and quit wasting it in interest.
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