Location Location

[Totallybannanas]

I'm just watching this and wonder how in earth these couples can afford these mortgages. £450k the guy is an electrician not sure about the girl though.

The woman was Scottish and you know what the stereotype about Scots is (even though I love them dearly, so no offense to anyone)!

I think they should have just stayed put where they were in London if their house was all that 🤷 Or was it the area they wanted to change?

We had a similar issue when we were considering moving about 5 years ago. We wanted the same or better house in a different area, but (1) our budget wasn't high enough and (2) the new area wasn't as nice as our current area. In the end, we didn't move at all!

I remember getting desperate when we were looking, I even started filling out the application for LLL. We had seen all the houses in our budget(over 60), some were probably perfectly good just not for us.

We did the thing first time buyers were expected to do in the 00s bought a flat then move up the property ladder. We were losing out to first time buyers who wanted the big home straight away and didn't have anything to sell. Add in being in a South East Commuter town and we were being stuffed.

In the end we upped our budget (and stamp duty was frozen) and got the right house.

I do find on things like this, A Place in the Sun, and Escape to the Country that more often than not they don't end up buying any of them.

Yeah the older couple were tricky and seemed to get hung up on v minor things ( cracked floor tile??). However I do wonder if that comes with being on a fixed income and you don’t want to end up with a surprise fixer upper. I suspect they were planning to live on the difference between what they sold for and would buy for, but hadn’t really adjusted their expectations in terms of what they’d be prepared to accept to get that margin. With the younger woman I thought that was quite a good process in that she figured out what her actual non negotiables were - sometimes you have to look at a few to realise that. We’re a week into ownership of a home that I’d have ruled out on paper.

Just watched episode 2
Quite liked the house that the single woman ended up with

This post cropped up on my feed and funnily enough it was after being on another post about inheritance tax and the regional pricing came up of house prices.

Im in the SE and just about everyone I know bought house with a deposit from grandparents/parents which in a lot of cases was inheritance or early inheritance. I was trying to explain that wages aren’t much more down here especially in public sector, nhs, retail, teaching etc
Without that inheritance I know people who would be living at home well into their 30/40s.
I also find it interesting on the programme how much some people can afford too. Some of the prices are astronomical!
Round here you’re looking at 500k for a 3 bed semi, nothing special! I’m just about to watch the first episode

I can’t believe she looked at that in horror and said we’d need to rip it out! Looked new?!

Watched last week's
The German shepherd was adorable ❤️

Phil's got glasses!

One million pound budget!

And they are often so young! Dh and I look at each other and think where did we go wrong?!

And he's happy with a commute of up to an hour on the train
That must cost a bomb surely

Kirstie had to get an ambulance when she fell down the stairs
Must have been a bad fall

Wow Radlet is a rich village

Shameless place marking as I didn’t know it was back on so I’m catching up.

As for how people are affording big houses, often it’s with longer term mortgages. 30 years or more is quite common now.

I thought 30 years was normal 🤔

It is now. It used to be 25.

Oh ok

I LOVE the yellow lounge!
That is so what I want to do mine like

We have a 35 year mortgage. I think most people buying for the first time would. You can even get 40 year ones from some places I think now! But still couldn’t afford a million

It's always Phil who does the revisits

25 was the norm but it’s probably 30 now in areas where 450 is a cheap house

Wow 10 round of fertility treatment in 2 years 😮😮

Wow these people have been through quite a bit