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Author How much would you spend/have you spent on your first house?
dannymccann
Member

Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
10th Jan 09 at 12:32   View User's Profile U2U Member Reply With Quote

We got given a John Lewis one from my GF's aunt, its not the comfiest thing as a sofa, although I always sit in it as its firm and supportive instead of sinking into it like a fat bastard, but the bed bit is well comfy, its in our lounge for when people stay over
Graham88
Member

Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
10th Jan 09 at 19:17   View User's Profile U2U Member Reply With Quote

Messaged you mate

[Edited on 10-01-2009 by Graham88]
M2RTY
Member

Registered: 25th May 01
User status: Offline
11th Jan 09 at 13:49   View User's Profile U2U Member Reply With Quote

75k for first place, little project as it needed EVERYTHING redoing, floors, ceilings, walls, plaster, roof, windows, bathroom, kitchen etc etc etc NOTHING has been left as it was

spending about 15k on it to get it PERFECT

will be worth 120k once done

on the look out for a 2nd place to buy, but want one with very little work needed doing
X 60RSA
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Registered: 20th Aug 01
Location: Lincoln
User status: Offline
11th Jan 09 at 23:45   View User's Profile U2U Member Reply With Quote

Bought a new place last May for 125, 2bed semi.

Got a mortgage for 109k.

Its now not worth what i bought it for but shit happens! I wouldnt even get a mortgage now even with 15k deposit, plus i'd be paying an extra 100notes a month on the mortgage!

Can't win, happy i've got it though.
deano87
Member

Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
12th Jan 09 at 08:25   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by X 60RSA
Bought a new place last May for 125, 2bed semi.

Got a mortgage for 109k.

Its now not worth what i bought it for but shit happens! I wouldnt even get a mortgage now even with 15k deposit, plus i'd be paying an extra 100notes a month on the mortgage!

Can't win, happy i've got it though.

People keep going on about negative equity etc. Whilst it's a shit situation, it's "ok" if you can afford to pay the monthly mortgage payments, don't intend on moving and don't default on payments etc.
JayCarr
Member

Registered: 19th Dec 02
Location: Cambs Drives:M3 & X3
User status: Offline
12th Jan 09 at 09:24   View User's Profile U2U Member Reply With Quote

bought a brand new place last month, was up for 150k few months before and we got it for 124995. put down a big deposit to have low repyments. Needed nothing doing to it, had full kitchen, bathroom etc. Loving it.

[Edited on 12-01-2009 by JayCarr]

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