OldDan

I can't seem to find the link to the thread about the House prices, how they're going to pan out over the next year.. Can anyone help with a link?

Getting house "broody" now, all my mates are moving out and I feel I want my own place but fuck it looks hard work and costly.

mick_rst

Have a look at

http://www.nethouseprices.com

http://www.nationwide.co.uk/hpi

http://www.houseprices.co.uk

http://www.rightmove.co.uk


All sites I use at work....

matts1

there are a few ways of looking at it.

I was told to buy at the top end of your budget as it may be a struggle for the first year or so, but then your money will rise and you'll get used to it and you will be higher up the ladder.

But, if you do this and interest rates go up, you could get in shtuck.

I would say you need to get a healthy deposit, atleast 10 percent or more. This will get you a better mortgage rate.

Look out for a good property that maybe needs a bit of decor and maybe a kitchen and bathroom, these will add value ot the house and you'll be making it your own as you add value.

To give you an idea, i got my place for 135k last year, put 10k down, and fitted a kitchen, plastered and laid flooring and next on the list is some decking, a blocked drive and a bathroom.

My spending will be around 15k

The house is now worth around 170-190k nine months on.

Find the right house at the right price needing a bit of work and you'll be onto a winner. I would say be honest with yourself and work out what you can afford.

Can you move a mate in for a year or so?? can go a long way to getting some cash in for a nest egg.