Mark.W
Member
Registered: 3rd Jan 07
Location: County Durham
User status: Offline
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Is there any single home owners on here that have took the plunge and bought a house themselves?
I know everyones circumstances and wages are different but how do you find it? Manageable?
Iv been thinking of buying a house lately but probably not until next year if i do since i live up north where cheap houses are available but making a decision to take it on alone is a big one.
When loooking at mortgages it blows my mind all the figures and fees & different type of mortgages available.
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Chris x
Member
Registered: 11th Sep 08
Location: Bexhill
User status: Offline
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Own mine. No issues here!
As long as you work out your income and outgoings and it looks doable I wouldn't worry!
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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The biggest hurdle for me would be getting the deposit. Down south, you were talking 20k at least for 10%. Thankfully the missus helped there.
Also, for the first 3 hears I was paying an extortionate amount due to the high interest rate on the mortgage. Now it's came down, I could quite easily afford to pay it myself.
As you said though, it all depends on personal circumstances.
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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I got mine on my own, all in my own name and it was all costed out with just myself in mind.
Girlfriend moved in not long after I got it as it made no sense paying a mortgage and rent when we where always together, her contribution to the house is a nice bonus for me now as I never costed it in 
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IvIarkgraham
Premium Member
Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline
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Bought a house with my brother then took over the mortgage last year myself. Didn't need a deposit though
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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Just be cautious with your sums. If you are stretching now bear in mind mortgage rates will rise soon.
Corsa 2.0 16v Vegas - Sold
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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i am single and own a 3 bed semi
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Richie
Member
Registered: 3rd Dec 02
Location: Newport, Wales
User status: Offline
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I own a 135k detached 3 bed - been here 3 years.
Paying the mortgage off over the shortest term I can pull off though. In about 5 years (end of fix term I recently locked into) I'll have about 65k left on the mortage. House was revalued at 145k, currently 41k'ish equity in here.
It's doable. My mortgage is £804 a month but it all depends on your income anyway.
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Mark.W
Member
Registered: 3rd Jan 07
Location: County Durham
User status: Offline
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Are most of you on fixed rate morgages also who did you get you morgage through?
I recently asked in my local Barclays branch about speaking to some one about a morgage to see how much i could borrow but they weren't much help and just told me use the online morgage calculator and gave me a phone number to ring but personally i want to speak to someone face to face for a bit advice on knowledge on which morgage would be best for me but did ask in my local Santander branch and just need make an appointment to speak to someone.
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tom130691
Premium Member
Registered: 13th Sep 08
Location: Daventry
User status: Offline
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Halifax always offered me the most,
Im single owner, had only been working for 1 year after uni when I bought mine
their calculator is pretty accurate, i managed to get and extra 16k through a financial adviser, so bare that in mind if its not quite enough.
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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 I did it, having a big deposit really helps.
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Mark.W
Member
Registered: 3rd Jan 07
Location: County Durham
User status: Offline
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quote:
Originally posted by pow
I did it, having a big deposit really helps.
This is the reason why i want to wait until next year,probably around about summer time then i will have between 15-20% of the house amount i could roughly borrow.
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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I've got 5.
Houses round here cost about 10p though.
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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 Mark.W
Are most of you on fixed rate morgages also who did you get you morgage through?
I recently asked in my local Barclays branch about speaking to some one about a morgage to see how much i could borrow but they weren't much help and just told me use the online morgage calculator and gave me a phone number to ring but personally i want to speak to someone face to face for a bit advice on knowledge on which morgage would be best for me but did ask in my local Santander branch and just need make an appointment to speak to someone.
I can put you in contact with my mortgage broker if you like. He's on holiday until Monday, but i'm sure he'd be happy to help. If i recommend him to you then he won't want any fees from your side of any deal.
He's fully independent and will sort a mortgage as per your needs (fixed rate, no admin fees etc)
U2U me on Monday if you want his details.
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dan_m1les
Member
Registered: 8th May 06
Location: Burnham, Buckinghamshire
User status: Offline
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quote:
Originally posted by pow
I did it, having a big deposit really helps.
I purchased my flat on my own and had 30% deposit, and the house I own 50/50 with the mrs and we had 30% deposit on that too.
On the flat, I over calculated on everything on purpose so that I knew I would be left with a little bit at least. It was the best thing I've done.
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Mark.W
Member
Registered: 3rd Jan 07
Location: County Durham
User status: Offline
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quote:
Originally posted by Aaron
quote:
Originally posted by Mark.W
Are most of you on fixed rate morgages also who did you get you morgage through?
I recently asked in my local Barclays branch about speaking to some one about a morgage to see how much i could borrow but they weren't much help and just told me use the online morgage calculator and gave me a phone number to ring but personally i want to speak to someone face to face for a bit advice on knowledge on which morgage would be best for me but did ask in my local Santander branch and just need make an appointment to speak to someone.
I can put you in contact with my mortgage broker if you like. He's on holiday until Monday, but i'm sure he'd be happy to help. If i recommend him to you then he won't want any fees from your side of any deal.
He's fully independent and will sort a mortgage as per your needs (fixed rate, no admin fees etc)
U2U me on Monday if you want his details.
Il keep you in mind mate cheers 
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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quote:
Originally posted by dan_m1les
quote:
Originally posted by pow
I did it, having a big deposit really helps.
I purchased my flat on my own and had 30% deposit, and the house I own 50/50 with the mrs and we had 30% deposit on that too.
On the flat, I over calculated on everything on purpose so that I knew I would be left with a little bit at least. It was the best thing I've done.
The only way I've managed to do it is by having a 40% deposit though, getting a really good fixed rate and a low ltv
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ed
Member
Registered: 10th Sep 03
User status: Offline
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Bought mine with a 10% deposit and the repayments are still less than what I've previously spent on rent.
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