SLightly personal question this but I've been looking around latley about getting my own place. 25 now and I really should move out of my parents place but london is soooo costly!

First off, I get away with murder at home and the folks don't mind me living there so its not urgent I move out!

The cheapest place in the current postcode where I live is a 2 bed flat for £180k and I'm only on £20k!

Renting is a total no-no for me. Its like throwing money away.

I'm just curious as to house prices around the country as I will defo consider relocation if I can afford it

ta

ST

 

been trying to buy a place with my missus for the last 6 weeks, no one will give us a mortgage we want, they say 50k, around here (east anglia), can get a shed for that!, i need at least 81k for a small 2 up 2 down,

House prices at the moment

 

So far it seems that the only option I have is to stay at home till my mum and dad die.

Seems really harsh but there place is work £300k. Half for me and my sis would do nicely! Shame they've got another 20 years left I reckon!

 

My Mortgage is gonna be £1,300 a month! altho i am building my first house to make it cheaper

Prices over here are crazy, altho i'm gonna rent it out then sell it on to make a profit

 

Mine is £198 a month but I bought the place 10 years ago before prices went nuts up here and put down a decent deposit

Wouldn't like to be a first time buyer now mind

A mate of mine started investing in property about 13 years ago - he must have had a crystal ball back then - he has about 18 properties now - all in/around Edinburgh!!

 

Simon - what part of London are you in, as I'm in the same boat.

The cheapest two bed flat around here is 200k minimum

 

ah yes, but BumPON, you have the luxury of potentially sharing with your own lil beeeatch aka Waps should bring the cost down

 

Post code here is SE4.

Seems that 180k is the going rate for all the cheapest places in southeast london.

I'm praying for a price crash but I cant see that happening.

The only other thing I can think of is getting myself down on the council waiting list - but I don't fancy waiting 10 years to be offered somewhere in a highrise block!

 

Mines gets larger every year

 

Coventry £ bed house, garage, double bay, etc etc £120 for an average are.


Try Northern Rock for a start, give most peeps a mortgage, i tried Nationwide, offered my £165K and service and offers seemed good, but i am in a reasonably good position, cash in the bank and me and the misses on ok wages

 

not too bad cheers pal, building work is starting immenantly on my current project.

Roof is coming off completely, and going from a 3 bedroom bungalow, to a 6 bedroom house

 

Yep shut up and vote with your feet. You can still buy a house round here under 20K.

 

20k?! where??

 

SimonT, The best way to get people to lend you more than they normally would is with a big deposit - they know they can get their money back by taking the house off you if it goes tit's up then.

It doesn't have to be all of the difference between what they are saying they will lend now, and the price of the house, but just enough to cover all of the fee's etc. to take the house off of you.

Make any sense?

 

Was thinking about re-locating to St.Albans or similar soon.. Not because my car is always at SCC.. but becuase the journey to Farringdon is 22 minutes. Houses have got to be cheaper there for you Si

 

BTTT for any help

 

I presume you haven't worked out the cost on Thameslink then Andy

 

I have lived in London, Boston Lincolnshire, Peterborough, London again, Manchester and now in Hale, which is Cheshire.

Would go back to London in a second. Its all well and good to live in a cheap area but the reason that the houses are cheap is due to the fact that NO ONE WANTS TO LIVE THERE!!!!!!!

 

MrPon.. I currently pay £250 a month for my trains a month... so canm't be too abd

 

Same cost of travel from st.albans than it is at the moment for me.

Going to be 1hr10 to the office soon from Woking, and 22 mins from St.Albans

 

Mines about to be just a shade under £600 a month on a 120k property

Its taken us 2 years to find the right place though

 

Around here for £180 you'd get a 4 bedroomed house complete with a garage!!

Its blackpool tho... its a shit-hole!!

Try www.rightmove.co.uk

 

only got 10 more payments & the house is ours, 3 bed semi with large side & rear garden. no garage unfortunately but drive is big enough to hold bout 6 cars. mum has a double garage so thats where the car stays. 1 good thing about N.I is the house prices - cheap

 

my mortgage is for a shade over £105k. For that plus the 30 odd k I made from the last house I bought a 2 bed detached bungalow with garage and reasonable gardens in Norwich.

 

been looking at a first house for me to, im 20 now and wanna have me own house
for when im 21/22, my mum does not want me to leave tho strange,

any how, 154k semi with garage, but house needs work, considering buying
and then sorting out house then moving in when done, all my mates are joiners/
builders/plumbers so labour aint a problem

 

House prices r stupid in England. have increased dramatically over here this last few years too & people seem to be happy enough to pay the asking price or a lot more. if only selling motors was like that

 

What does that tell you about the state of the housing market Si ?

Also bear in mind that if you managed to scrape together a decent deposit and get a lender to offer you a mortgage at say 7X your salary then once you're in the place it'll take years before the payments get easier what with the low inflation environment we have in the UK economy these days and it's not as if interest rates can drop by much to ease the burden either is it !?!

Edd

 

Squatters have a point

 

i know, mates sold there detached for 99k 2 1/2 year ago,
now been resold for 205k

 

£697.27 on a £100k over 20yrs, got it fixed for 7yrs. 4 more on fixed term

 

Didn't say mine was over 35 years lol

 

£138 a month for a 3 bedroom ex council house bought it nearly 6 years ago for £18500 its now worth 92k But i can honestly say my house aint worth nowhere near 92k thats how bad the housing market is

Bad for newbies but cracking for me

simon

 

Can't get jack shit in bristol either mate, 1 bed flats going for over £100k

 

hiya,

i've just bought my first place only a 2 bed flat its bloody big tho, cost me 70k i live in the forest of dean, i'm paying £560 a month could of had a mortgage for 125 but couldt find anywhere decent and besides this place is a good money earner coz in a couple of months i'm going to rent it a buy another place

 

Until you look to move to a bigger property and find that you need an absolute shed load of money to upsize !