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Originally posted by City
Gas, leccy @ 50 per quater
water @ 25 a month

:lol::lol::lol:

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Gas, leccy @ 50 per quater
water @ 25 a month

:lol::lol::lol:

Tom, its your choice in what you do i was just telling you how much money you'd be paying its alot to get nothing out of at the end :P

Im 19 and have a mortgage, but its no biggie to me as i plan to lease the house im buying in a few years time and move up to a bigger house once ive got married and popped a few kids out

[Edited on 11-11-2005 by Ally]

Buy to let you need a big deposit.

I can't get a decent mortgage cos' of my credit history plus I have no deposit. I'm only 22 ffs I have enough to play around and Ally £17000 for 3 years living ina house is fine with me :) only it's not actually £17000 it's more like £9000 cos' I'd be paying bills in another house ;)

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Originally posted by CCA
I work with a bloke who is 25, he owns 4 houses already but still lives with his parents.
The first house he got a mortgage with his sister and rented it out through the council. He has done this with the other three but they are in his name alone, and houses here are not cheap but he hasnt paid any of the mortgage repayments out of his own pocket.

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I work with a bloke who is 25, he owns 4 houses already but still lives with his parents.
The first house he got a mortgage with his sister and rented it out through the council. He has done this with the other three but they are in his name alone, and houses here are not cheap but he hasnt paid any of the mortgage repayments out of his own pocket.

A mortgage does not necessarily tie you down as you can rent the house/flat out but then it depends how much you want to have your own freedom and move out of home.

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Originally posted by Tom
Bollocks I'm renting next wana see how it pans out without getting tied down. I've been looking (as i'm doing it feb/march next year depending on when our house sells) at £500 2 bed apartments with a mate split 50/50 on all bills it works out at £475ish each (that's allowing £100 for food)

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Originally posted by linz
Thanks Ally :wave:

I know what you mean but the situation i am in at the moment i think i will have to rent.

I guess if i get a place with a mate i wouldn't be half bad spliiting costs

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quote:

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Originally posted by Tom
Bollocks I'm renting next wana see how it pans out without getting tied down. I've been looking (as i'm doing it feb/march next year depending on when our house sells) at £500 2 bed apartments with a mate split 50/50 on all bills it works out at £475ish each (that's allowing £100 for food)

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Thanks Ally :wave:

I know what you mean but the situation i am in at the moment i think i will have to rent.

I guess if i get a place with a mate i wouldn't be half bad spliiting costs

dead money :|

Bollocks I'm renting next wana see how it pans out without getting tied down. I've been looking (as i'm doing it feb/march next year depending on when our house sells) at £500 2 bed apartments with a mate split 50/50 on all bills it works out at £475ish each (that's allowing £100 for food)

Linz, i was going to rent but have decided against it i was looking @ £500 pcm rent plus £300 bills (everything)

but now im having a 420 mortgage on a 72k house, with approx 350 in bills a month

I know the prospect of getting a mortgage is daunting but reasearch it before you rent, you'll be surprised, i was

Anyway -

Gas, leccy @ 50 per quater
water @ 25 a month
council tax 75 a month (varies thou, check with your local council)

Dont forget little things as well, petrol, car insurance etc etc

Unless you have no other option but to rent then i would say stay at home and try and save as much money as you can for a deposit for a house or to put towards solicitor fees and get a 100% mortgage

I know. i would rather do that but i just dont earn enough at the moment to get a mortgage

Might aswell try get a place as im mortgage if you can, as the amount you would be paying out in rent is just not worth it :thumbs:

I'm looking to rent a place soon, and i'm just wondering how much people pay in leccy, gas, council tax each month on top of rent? I know its going to be quite expensive, tnanks in advance