To ask if anyone else found it hard handing over their savings to buy a house?!

[Kitchenbattle]

😅 it’s such a first world problem I know…but no one tells you how hard it is to hand over everything you have saved for years (and yes I know you get a house in return!) but looking at your bank accounts after is gutting in one way…Isn’t it? Anyone else feel this way? 😅

There are different kinds of loss. Liquid assets (money) are very different to illiquid assets (a house - especially one tied to an obligation like a mortgage). Turning one into the other can immediately cause a loss of control and options. One day you had loads of choices and loads of control. The next you have a house (which is usually a good thing - most people don't buy stuff they don't want) but you don't have all the choice and control anymore - or certainly not as easily as you had before. Some people have more difficulty with that than others.

Sitting here with neither savings nor a house, in my privately rented house I’ve lived in with my son for 5 years but am having to leave as landlady is selling 😫

Not me, but my daughter cried when her flat purchase went through.

Had to remind her that she hadn’t lost anything, just transferred the value of her cash into value in her flat.

I'm buying in the new year (alone) and kind of dreading it - I have two years' worth of essential expenses in my ISA and Premium Bonds ring fenced for the deposit and it's a lovely, comforting feeling knowing it's all there safe and sound, and easily accessible. This terrible economy makes my anxiety worse. But I have to get out of the insecurity of private renting.

I didn't have an issue with it because in my mind the money isn't gone, it's still there and I can still access it (as a very last resort) by selling.

Never felt hard to hand the money over as we knew that we were buying something really special.
What hit me a few years ago was that for a few months, were were technically millionaires as we had sold our old house and waiting to complete on the new one. Along with savings, we reached that magic threshold, just a shame that it didn't last 😆

Yes!! I look at my account now and mourn the ££s that disappeared overnight. It took ages to get together for potentially that purpose, but yes. I actually felt vulnerable too without the security of having it there.

I’m going to be completing on my house at the end of this month and I hadn’t actually thought about this! I can imagine feeling the same when the time comes.

My deposit is minuscule compared to some of the figures mentioned here but as a single mum it has been hard work and nice to know I had that money on the bank just in case.