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Author about houses
Adam-D
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Registered: 11th May 02
Location: Cheshire
User status: Offline
   28th Dec 03 at 17:07   View User's Profile U2U Member Reply With Quote

if i was to get one i need one with a garage.

now how much for a good one? bout 80k?

what kinda wage would i need to be on annually to achive this and be able to have some cas for ma car and decorate and maitian the house u knw water, leccky, gas, and whatever else you have to pay?
Drew
Banned

Registered: 24th Nov 01
Location: County Durham
User status: Offline
28th Dec 03 at 17:09   View User's Profile U2U Member Reply With Quote

ffs adam

how many ideas do u have in a week

1 day its a normal car
next day its a track car
next day ya after a house

wot ya gunna be wanting tomorrow?
L33 LEG
Banned

Registered: 6th Jan 03
Location: Blackburn . Drove: Dimma Saxo VTR
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28th Dec 03 at 17:09   View User's Profile U2U Member Reply With Quote

it all depends on were u live mate. i mean in my town 80k wud get a nice terraced house but u have to pay up2 130k now for a semi with a garage.

i have a terraced of my own and me n my dad are doing it up proper like for when i turn 19 next year. i have no job and if i wanted could move in if it was ready now. i dnt have to pay rent tho .

but yes u have water, leccy, gas, and then theres ur TV license, counsil take a load for shit like dustbins and that not sure what else u need.

[Edited on 28-12-2003 by L33 LEG]
Adam-D
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Registered: 11th May 02
Location: Cheshire
User status: Offline
28th Dec 03 at 17:16   View User's Profile U2U Member Reply With Quote

drew im 21 and at home
i need ma own house everyday car and a track car these 3 things would make me very happy
everyday can comming next year either veccy or mondeo
track car weill be some time in the future
house i just want end of next year
L33 LEG
Banned

Registered: 6th Jan 03
Location: Blackburn . Drove: Dimma Saxo VTR
User status: Offline
28th Dec 03 at 17:18   View User's Profile U2U Member Reply With Quote

best bet is goin down to estate agents and see how much houses are goin for, aslong as u have a job and its permanent i cnt see why u wont be able to manage living on ur own.
Kerry
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Registered: 5th Oct 01
Location: Norwich
User status: Offline
28th Dec 03 at 17:20   View User's Profile U2U Member Reply With Quote

adam its worrying when u cant even spell ure home town correctly in ure location
L33 LEG
Banned

Registered: 6th Jan 03
Location: Blackburn . Drove: Dimma Saxo VTR
User status: Offline
28th Dec 03 at 17:20   View User's Profile U2U Member Reply With Quote

i noticed that
Dan B
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Registered: 25th Feb 01
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28th Dec 03 at 17:22   View User's Profile U2U Member Reply With Quote

Last house I looked at buying was a 3-bed semi, with driveway & garage......39,500!

Just got to look hard enough, have a look on http://www.rightmove.co.uk, that's where I've found most of the places I looked at.

Decided to rent for a few months in the end, moving into a 2-bed alarm-protected semi, with driveway & garage, tomorrow......all for 350 p/m, fully furnished.

Will help me clear some more debts, before I look to travel down Mortgage Road!
Adam-D
Member

Registered: 11th May 02
Location: Cheshire
User status: Offline
28th Dec 03 at 17:29   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Kerry
adam its worrying when u cant even spell ure home town correctly in ure location


look at ma sig
fixed now anyway
L33 LEG
Banned

Registered: 6th Jan 03
Location: Blackburn . Drove: Dimma Saxo VTR
User status: Offline
28th Dec 03 at 17:30   View User's Profile U2U Member Reply With Quote



that is ur first step to finding ur home
Adam-D
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Registered: 11th May 02
Location: Cheshire
User status: Offline
28th Dec 03 at 17:30   View User's Profile U2U Member Reply With Quote

what kinda salary will i need to be looking at annually to get one? with garage and drive
Dan B
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Registered: 25th Feb 01
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28th Dec 03 at 17:39   View User's Profile U2U Member Reply With Quote

As already said, it depends on your location......at a worst-case scenario, multiply your salary by 3 for your mortgage, then deduct any debts you've currently got, and you have your realistic mortgage level......add to that the fact most mortgage-lenders won't pay 100% towards your new house, most will only pay 95% or even 90%, leaving you needing to scrape together a sizeable deposit.

Where you looking at moving to, and what sort of place do you want? 3-bedrooms, or are 2-bedrooms enough? Semi, or a terrace with a garage will suffice?

[Edited on 28/12/2003 by Dan B]
Skinz
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Registered: 15th May 03
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28th Dec 03 at 18:06   View User's Profile U2U Member Reply With Quote

In worcestershire your looking at 80 to 120 thousand for a two/three bedroom terraced poissibly semi.

Mortgage is 3.5 times ur salary or some lenders will do 4 times. Also you have to take ur loand or any credit you have off of that figure. Also like Dan said you will probably have to do a 95% mortgage or lower so this means having 4,5,6 grand available for deposit.

Then you have to think about fees when buying the house like Stamp Duty, solicitor's fees and on and on. Basicly your looking at about 1500 down the drain in tax and solicitors fees.

It's and expensive business

[Edited on 28-12-2003 by Skinz]
Adam-D
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Registered: 11th May 02
Location: Cheshire
User status: Offline
28th Dec 03 at 18:06   View User's Profile U2U Member Reply With Quote

2-3 bed semi detached with garage in a quiet area

in a sorta radius of where i am now


[Edited on 28-12-2003 by Adam-D]
Adam-D
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Registered: 11th May 02
Location: Cheshire
User status: Offline
28th Dec 03 at 18:10   View User's Profile U2U Member Reply With Quote

so say a 15k salary so thats 45k no good
20k - 80k thats better am looking for a new job early-mid next year so id need a at least 20k a year salary

how long do mortages last?
Skinz
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Registered: 15th May 03
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28th Dec 03 at 18:34   View User's Profile U2U Member Reply With Quote

25 or 30 years is the norm
Adam-D
Member

Registered: 11th May 02
Location: Cheshire
User status: Offline
28th Dec 03 at 18:43   View User's Profile U2U Member Reply With Quote

so 25 year mortgage on 20k a year how much a year will i be paying?
cant i pay like 5k a year and have it finish earlier?

on a 25 year one id be paying 3.5k a year ?


sorry if im doing anyones head in but im just trying to get my head around it all
Skinz
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Registered: 15th May 03
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28th Dec 03 at 19:33   View User's Profile U2U Member Reply With Quote

I'm about to get a house and i'm getting a 80 to 85 grands property78 grand is mortgage then you add the 5% onto it which is 3900 thats what ive got to pay. Then I can add any extra I have onto that.

Then i'm going to pay about 1500 in tax's fees etc.

My repayments will be about 450 a month.

Elec will be about 120 ish a quarter

Water is about 50 a quarter

Council Tax is 55 a month roughly where I live

TV Licence is 12 a month

Then you have to pay for food.
Adam-D
Member

Registered: 11th May 02
Location: Cheshire
User status: Offline
28th Dec 03 at 19:42   View User's Profile U2U Member Reply With Quote

so i added all that together
plus gas and phone i got

7250 for a year thst leaves me with a 20k job with bout 12k for car, food, and maitence and home improvents
dannycorsa c
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Registered: 8th Mar 03
Location: manchester (astley/tyldesley)
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28th Dec 03 at 19:55   View User's Profile U2U Member Reply With Quote

brutha just got a 3 bed semi with big side gardenand grage at rear for 85K he got that bout 6 moths ago and its now worth about 110k since he dun it up abit!
Skinz
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Registered: 15th May 03
User status: Offline
28th Dec 03 at 20:00   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Adam-D
so i added all that together
plus gas and phone i got

7250 for a year thst leaves me with a 20k job with bout 12k for car, food, and maitence and home improvents


Yeah but youve gotta take tax and ni off ur salary
Apart from that yep thats it.

[Edited on 28-12-2003 by Skinz]
Adam-D
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Registered: 11th May 02
Location: Cheshire
User status: Offline
28th Dec 03 at 20:16   View User's Profile U2U Member Reply With Quote

so say 3k for tax n ni that leaves 9k
Skinz
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Registered: 15th May 03
User status: Offline
28th Dec 03 at 20:27   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Adam-D
so say 3k for tax n ni that leaves 9k


More like 4.5k so that should leave you with a rough 7.5k for everything else.
Adam-D
Member

Registered: 11th May 02
Location: Cheshire
User status: Offline
28th Dec 03 at 20:29   View User's Profile U2U Member Reply With Quote

ah ok was a rough guess
mav
Member

Registered: 19th Jun 01
Location: Scotland
User status: Offline
28th Dec 03 at 20:37   View User's Profile U2U Member Reply With Quote

most mortgage lenders will lend 1st time buyers 100% of property price..

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