Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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hay all me and my missus have been looking into ether renting or buying a house this will be our first and looking along the lines of a 2-3 bedroom house and looked at a few 4 bedroom houses due to house sizes round my area ar good and prices are good as well.
more to the point i what to know an avrage running cost as i really dont have a clue i understand that it will cost more during winter months than summer i really could do with some advice both me and my missus are working with a nice steady wage but we do still want to have money left over to ether save or go out the ususal if you know what i mean
thanks for any help any one can give
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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Depending how much your mortgage is per month make a huge difference.
We put £500 each in the joint account at start of month and that covers everything.
Mortgage, Insurance, Water, Gas, Electric, TV licence, Council tax, Phone, Broadband, Sky, Food, Home insurance.
We've done this for past 16months and its covered everything fine for bills.
Factor in money for all the things you need for other things cars, mobile, gym etc.
I've a break down of everything we've spent every month if you want a bit more info.
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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John
Member
Registered: 30th Jun 03
User status: Offline
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We started off with £750 a month each in the house account, it's now up to £950, there's always something else needing bought.
That's house stuff only.
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BYRON
Member
Registered: 1st Jun 04
User status: Offline
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I was putting 1250 in at the height and the misses 880 but that covered everything including car loan, phone bills, fuel, food etc. literally - what we didn't put in was purely ours to waste
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Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
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Almost 2k a month! Jesus john how pimp is your house!
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John
Member
Registered: 30th Jun 03
User status: Offline
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Not that pimp, just ended up that way, more than I had budgeted for anyway.
I don't really scrimp either, we eat fairly well, could probably cut loads off the food bill.
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craig8
Premium Member
Registered: 31st Dec 04
Location: Glasgow
User status: Offline
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Put 1500 a month between us in the joint account which covers all bills, shopping and leaves a bit of savings building up each month
E36 328
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Ryan
Member
Registered: 23rd Jun 08
User status: Offline
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Mine is a 2 bed detached and everything comes to about £1100 a month, i always make sure i put about £1400 in house account though incase of any unexpected bills.
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Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
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£1200 ish a month.
Mortgage is 500. We dont skimp on anything, so could cut it quite alot if needs be
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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Dont buy a house. Rent for 6 months to see if you can tolerate the state she will leave bathroom.
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WATSON
Member
Registered: 16th Jun 05
Location: Fife, Scotland
User status: Offline
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how much do you make a month if you dont mind me asking?
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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water is 13
gas 38
electric 41
council tax 116
tv license 12
thats the basic stuff, 2 bed semi with dishwasher, tumble dryer but no bath.
then you have stuff like sky, phone contracts and obviously the mortgage/rent.
our outgoing direct debits come to 1400 a month then you have to add on food shopping which i spend approx 100 per week on but thats different for everyone.
its not as bad as everyone makes it but you have to keep an eye on your money to make sure the basics are paid for
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Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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quote:
Originally posted by WATSON
how much do you make a month if you dont mind me asking?
i get after tax £1500 a month but depending what job im doing as i work in a tax office i get a bit more maybe a bit less but my pay never realy gose below £1250 and the missus makes about £1200 each month with posible commision but flat wage for me is £1500 and £1200 for my missus.
thanks everyone for the advice im checking my options and all advice is grate full as i dont have a clue  i know that if we go for the house we looking at now i will need a deposit of £20,000 or something like that but that includes fees ext ext thats just on what i have worked out i havnt actualy checked with a morgage lender yet
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Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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http://www.rightmove.co.uk/property-for-sale/property-32343898.html?premiumA=true
hear is one of the homes we have been looking at what do people think pros and cons would you say
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stuartmitchell
Member
Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
User status: Offline
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Looks nice that mate!
The Mrs and I put in £600 each per month to a joint account that pays for everything.
Mortage is £525 per month and we borrowed £118000
Hope that helps!
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Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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thanks mate ya ever bit of info i get is helping us out loads aspecialy makind a desision 
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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quote:
Originally posted by liam-corsa-1400
http://www.rightmove.co.uk/property-for-sale/property-32343898.html?premiumA=true
hear is one of the homes we have been looking at what do people think pros and cons would you say
looks excellent - first time buyer or do you have property already
First time buyer you will probably miss out on stamp duty exemption as they are removing it from 25th March
[Edited on 16-02-2012 by whitter45]
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Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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first time buyer mate lol im 22 and still ant got my own home i feel like a bit kid haha
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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a 20k deposit wont even dent that bad boy.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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10% deposit will be £21500 on that house.
then you'll need to pay stamp duty as the government are stopping the free for FTB deal.
solicitors fees and survey and other bits will be probably 1-2k on top aswell.
[Edited on 16-02-2012 by Ben G]
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stuartmitchell
Member
Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
User status: Offline
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May is the cut off for the free stamp duty on property under 250 K IIRC mate. Pain in the tits stamp duty. Paying 10K just for the priv of moving house. Government should be paying us lol
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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quote:
Originally posted by stuartmitchell
May is the cut off for the free stamp duty on property under 250 K IIRC mate. Pain in the tits stamp duty. Paying 10K just for the priv of moving house. Government should be paying us lol
No mate it's the 25th march check hrmc website
I know this as first time buyers are buyingmy house and that's the deadline they have set me to move out lol
 
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Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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cheers lads im really intesed in this house going to view it tomorrow and the owner said they willing to move on there price as they are due to move soon so im going to see if i can push them on the price and get it down abit but keeping my options open
this might sound stupid but i am right in saying your morgage dose not cover the deposit ext you got to pay that out your own pocket?
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John
Member
Registered: 30th Jun 03
User status: Offline
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Have you got 25k saved up and ready? You'll need around that just to get in the house before furnishing it or buying anything else.
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Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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we got quite a bit saved up but iv just looked on the internet and i prob wont be able to get the morgage of that value anyway because there is borrowing limits isnt there
iv just used a calculation and based on paying around £25k ext and the monthly repayments worked out to be £750 or summthing so i would pay £850 off eatch month extra £100 and with the missus wage as well we could afford to have the morgage but dont know if we would get it :@
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