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Author What was your income when you first got on the ladder?
Kyle T
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Registered: 11th Sep 04
Location: Selby, North Yorkshire
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14th Oct 09 at 09:52   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Carl
quote:
Originally posted by Kyle T
19k was my salary, on a 70k mortgage.

14 months ago! North FTW!


Was you towing each month? Never thought it would actually be possible to move out on that amount?



Mortgage was £420 a month, (35 years ), £120 for bills and £75 for council tax. Hard work, rarely go out anymore unless it's for a few drinks with my missus (no more £100 binges ) and won't be going abroad on holiday any time soon - but fuck me it's worth it

Had a few pay rises since mind, so it's alot easier than it was when I moved.


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Impreza WRX STi
Colin
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Registered: 4th Apr 02
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14th Oct 09 at 12:17   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by whitter45
quote:
Originally posted by Colin
Our new place the (currently getting built) mortgage is 120k, payments are 650-ish a month (30yr mort). Were on 45k-ish between us rising to 75k-ish within 12 months.

We'll be paying £500 each a month into the joint account to start with & see how far it goes.


not very far if your mortgage is 650 alone


£650 - Mortgage
£200 - Council tax
£60 - gas & elec
Phone/broadband - £30


Wont be far off, just for the main bills.

I always pay insurances and TV license off in full.

Robbo
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Registered: 6th Aug 02
Location: London
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14th Oct 09 at 15:44   View User's Profile U2U Member Reply With Quote

I was £24,500, partner was around £19,000 IIRC
--DAN--
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Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
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14th Oct 09 at 16:52   View User's Profile U2U Member Reply With Quote

We got our first house, a 2 bed new build for 42k. At the time I was on 11k and she was around 8k. At the time we were shitting ourselves about paying £280 a month

We earn a combined 70k now and have since moved on to a new house. IMO its worth struggling for the first few months because you very soon get used to paying the bills and you start to find a bit extra here and there.
Rob_Quads
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Registered: 29th Mar 01
Location: southampton
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14th Oct 09 at 21:11   View User's Profile U2U Member Reply With Quote

Salary around 35K and 148K mortgage on 160K house so er 4.2ish times salary
Lynny
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Registered: 3rd Jan 03
Location: oop north! Where people talk properly
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14th Oct 09 at 23:59   View User's Profile U2U Member Reply With Quote

On approx £24k, buying a £105k house, but on that homebuy direct scheme so morgage is for £72k

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