First time buyers

[Pickledonion24]

Have managed to save 200k between me and my partner. just feeling annoyed it won’t go anywhere really down south where I live

I'd like to live enough my mum to dog sit. I'd like a drive or a garage. Or both. I can't afford all these things so I make the most of what I've got.

The housing situation in the south is terrible but if you have £200k saved and a £150k mortgage I really struggle to see what your problem is.

My first home was a flat. I only got the four bedroom house with a garden in my forties. And I'm from the fortunate generation!

You only saved £200k? I'm embarrassed for you.

You don't say where you are (which would be helpful) but you can buy a decent 3 bed, in some cases with a garage, in places like Bexley/Sidcup. 30 minute journey by trains to London, good schools, very green and safe.

I have a condition so I’m un safe to drive on my medication I can’t say location as it’s such a small area don’t want to out myself car turned up this year from his grandparents

Have you saved £20k rather than £200k!? I literally don't understand.

Probably somewhere in Surrey.

If it's inheritance you've hardly 'managed to save' it

You won't answer questions so pointless thread and YABU.

Well, I'm sorry but sentiment be damned. I'm sorry his dad died when he was 16 but if owning a vintage car (which could cost a lot to insure, run and maintain) is part of an issue why you can't find a suitable property than I'm afraid you bloody well sell it. It's called financial responsibility.

Oh come on, small location? You telling me that you have to live in that one very small location that you can't name? You work as a receptionist, there is no reason you can't find another receptionist role somewhere else or wherever you could afford to move.

OP, if it's such a small location, how are you guaranteed to find work there? If you are happy to take buses, it must be bigger than Oxshott?

I can't afford the house I need and want, I am more than a million short. I wish I was joking, but the prices are ridiculous. I still have a house in the meantime .

WHAT FLIPPING AREA ARE YOU SPECIFICALLY LOOKING AT?

There, maybe the OP has noticed it this time, as she seems to have missed loads of others asking it.

Imagination land.

He can sell the vintage car, save the cost of running it and add the sale proceeds to your meagre deposit!

Get Kirsty and Phil on to it for you. They will teach you the word compromise

So you're job is easy because of a health condition, so presumably low paid, you mention your partner is paid "good" but not good enough to be a sole wage, remind why why you won't consider buying outright somewhere else in the country or with a tiny mortgage, where you could probably find similar work? £200k would pay off the mortgage on my new build 4 bed detatched house, w/ garage and 2 car driveway.

According to your other recent thread the money was mostly an inheritance - not "saved up". And in the same thread you said that you can't afford the mortgage on your income alone.

I understand that you want to stay in the same area where you are now, but you have to cut your cloth to suit your means. Unless you want to buy a wreck and fix it up - and are you going to be able to do that with your health issues? - then you will have to accept the fact that you'll either need to compromise on the type of property you want, or the location.

Please please OP use some punctuation and in the right places.

Ok look I admit whe won’t compromise that easily he wants to keep and we want to stay her due to boyfriends job. Ive had a huge house as a child and so has he we don’t want to compromise that easily. I’ve sorted it out and where staying at my dads untill we can raise enough to get us 450 house out of the 200k only 150 was inheritance

Ive had a huge house as a child and so has he
don't we all.

You are so ridiculously short if you want a huge house, 450 won't get you anywhere, you can barely buy a 2-3 bed small detached around here. For a huge house, with garage that hasn't been converted and so on, you need at least 1.5 million.

Proportionally, you do get a lot more for your money when you reach a million, so go for it.

If you want a big house you are probably better off getting on the housing latter. Doing a house up and then moving on to another (larger) house which needs work.

You can't expect it all on a plate.

Or get a better paid job?

Or compromise on the house?

Good luck OP, glad you can stay at your Dad’s although I’m not entirely sure what the point of this thread was...

I also hope your DP learns to compromise, as it sounds like he’s been very picky when you’re the one funding most of the potential purchase. It definitely sounds like his income (if your combined salary only adds up to 150k of mortgage) is way out of whack with his expectations. It’s also not usual for your first time buyer pad to be your dream forever home. The HUGE house (cringe de la cringe much) usually comes along after several moves and salary increases over time. And plenty of people move out of very large family homes into flats (especially in London) and manage just fine.

Really best of luck with everything.

I think you are expecting too much for a first home. You would really need better paid jobs than you have at the moment if you can only get a £150k mortgage in London. If you want a bigger house I’d look at your careers. The deposit is great and that will help you get a really good mortgage rate, it’s the income multiplier/mortgage affordability that is your problem.

Or I’m sure you could get a very nice flat.

The words spoilt brats and entitled generation spring to mind.

Lend us 5k op and I will come onto all your threads and defend everything you say. Otherwise stop being a gf and expecting the moon on a stick.

Right, I'm cracking out my tiny violin for you OP, because you can't afford to buy a 'huge house'

It is hard adjusting expectations when you have to start paying for yourself. I get it...I felt tbe same.But honestly 'getting on the ladder' and adding value is the best way to get what you want long term.

OP needs shoe racks for her 29 pairs of heels though. That's a MUST.

While you wait to buy the 450k house, house prices will keep rising. Then you will find that the 450k houses will then be hovels with no drive way or room for a pony.