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Original poster

I can afford more than I thought!! So excited!!

11 replies

ohhahhh789 · 03/06/2019 16:36

So I'm buying a house by myself. I already own a house but I'm wanting to move to a nicer area. I've been to a broker today and found that I can afford more than what I thought so now my budget has increased from £130k to around £150k!! I'm really excited as this opens up the availability of houses in decent areas massively. There's hardly any for £130k but loads for around the £150k mark. Eeekk I can wait to start viewing!!

OP posts:
mummyhaschangedhername · 03/06/2019 16:52

Lovely news OP.

DaphneduM · 03/06/2019 16:54

How exciting!!! I'm really pleased for you - keep us posted once you start viewing!!!

HollowTalk · 03/06/2019 16:55

We can go on your property search journey with you! Love nothing better than searching through Right Move!

Original poster
ohhahhh789 · 03/06/2019 17:02

Me too hollow!! I've got a bit obsessed with it recently!!

OP posts:
redwoodmazza · 04/06/2019 17:04

What's the betting that the one you fall for will still be just a bit too much...? Sod's blooming law Confused.
Good luck!

DesperateHouseknife · 04/06/2019 17:16

Please don't let banks and brokers tell you what you can afford. You need to determine this yourself. Borrowing the maximum that a bank will lend you is not always a good idea.

Original poster
ohhahhh789 · 04/06/2019 17:37

Oh yes of course I decide myself lol. I'm not that daft. I'm allowed £200k if I go what the banks say but what I mean is that the repayments on £150k are lower than what I thought and within my budget if around the £500 per month mark where as I thought it would be much higher than this. I already pay £500 so I know I can afford this. I can afford up to £600 so can probably afford £160-£170k but I'm going to try and stick to £150k currently.

OP posts:
jemihap · 05/06/2019 05:50

Ooooh how exciting that the debt pushers are allowing you to take on even more debt, over a no doubt even longer repayment period, meaning you'll pay them even more interest back over the term.

All so property prices can be maintained at bubble levels.

ThroughThickAndThin01 · 05/06/2019 06:33

That’s fabulous op, happy house hunting!

JeanBodel · 05/06/2019 06:35

Really happy for you, OP. I well remember a similar thing happening to me which allowed us to buy the house we're now living in. It is good news, don't let anyone tell you differently.

Original poster
ohhahhh789 · 05/06/2019 14:13

Jemihap but I'm
Currently paying a lot higher interest in less money, so in what way is that better?

OP posts:
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