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[tunnie]

i did leave home for Uni.... but unless i get help i won't be able to buy anything.

Other option is to buy in London and walk to work, cut out my commute bill, but you need £230k for 1 bed flat!

Why do you have to buy in Brackley!

Cant you go to far from mother Tunnie   (comes before z and after x) (comes before z and after x) (comes before z and after x) (comes before z and after x)

I prefer it around here, get more for your money, ie 160k gets you a 3 bed semi in the country.

London 230k gets me a 1 bed flat.

Just crunched some numbers 200k mortgage is £1,400 ish a month on 7% rate, if i had a zero commute bill i guess that makes the better option  :-/

What I am saying is.....expand your options beyond Brackley adn London......and why a 3 bed.

Your starting out and need to take a sensible approach!

Did not say i wanted a 3 bed, just saying that as an example of what money gets around here for that price.

I have thought of other places

Milton Keynes - Only 40 mins to London, but station is miles from any houses, its a bit industrial there, not very 'home' like

Kettering Area - Its cheap, good link to London, under 1 hour, but its cheap for a reason, no bugger wants to live there.

High Wycombe / Gerrads Cross area is closer to London, but only slighly cheaper and the same time from Bicester on Chiltern Slugs.

Best i can afford with commuting costs is £130k

Inside London i could afford 200k but finding a nice part of London for that price is hard, would like St Johns Wood / Marlybone / Baker Street area, but 200k gets you a studio flat.

Not interested anywhere along the Paddington line, First Great Western are awful!

Chiltern line is slow, but i always get a seat, all trains have air-con and there is power at the seats, so its one of the most pleasant (but slow) way to London.

Hence looking around here, Bicester (where the station is) carrys a Premium, so thats why looking around here  

[tunnie]

adding to that...

Surrey has London prices, but i cannot walk to work

Kent, same as above really!

So from my seat its either surround areas of Bicester or London.

[Jay w]

why not look for something in an 'up and coming area?'

TBH if it wasn't for the death of my parents we would still be in our 2 bed semi.....please not i am not advocating patricide or matricide  

[TheBoy]

why not look for something in an 'up and coming area?'

TBH if it wasn't for the death of my parents we would still be in our 2 bed semi.....please not i am not advocating patricide or matricide  

LOL, my dad already passed away 9 years ago next month, I'm secretly hoping that mum enjoys herself and spends all her dosh before her time comes - she brought up 5 kids, she's given us all enough!

[stuart30]

well then i am stuffed. how the fek do people afford houses?

I am getting paid close to 40k, and i still can't feking afford it!  

Plenty for a house then!

You should be able to afford up to £1000 a month on that

Yep i can..

Problem is that tops out at around 130k house price wise.

Which is practically useless around here.

All depends on how serious you are about buying....if you cant afford in your present location then move too an area you can.

[pscocoa]

Tunnie

If you are prepared to do what both my kids have done then there is a way out - take a lodger.

You also need to cut your commute bill drastically and asess how long your student loan has to go  - is it worth deferring this at the lower interest rate to save you more at the highest?

If you wanted to be Farnborough Hants based for example - you have a 30 minute commute to Waterloo and will cost you £250 a month - new trains and v good service. Properties are ok price wise if you do a check.

If you have a chance for your mum and dad to help with deposit them look at terms on which they can help - everyone needs to take a long view - but it might be possible.

Lastly - you have to decide on your view of market and how prices will go over next 2 years - you may be better rentng to get your own place and assess how you cope with all the other bills that you might overlook by living at home.

Sorry if I have not followed the thread totally - but I think I have the gist.

[Field Marshal Dr. Opti]

I think I have found a solution to the problem Tunnie............You buy a 3 bedroom semi for £1400 a month............You let out 1 room to a nineteen year old student from Sweden for £400 a month................We'll call her Eva................You rent out the 2nd spare bedroom to a another student called Mika from Russia (she would be about 22 years old blond with big tits).................Then you share your bedroom with 20 year old Helga from Norway for another £400 a month.

This means you will only be paying £200 a month to buy your first house.............And there may be other benefits as well.

I think this problem has now been sorted

[tunnie]

Tunnie

If you are prepared to do what both my kids have done then there is a way out - take a lodger.

You also need to cut your commute bill drastically and asess how long your student loan has to go  - is it worth deferring this at the lower interest rate to save you more at the highest?

If you wanted to be Farnborough Hants based for example - you have a 30 minute commute to Waterloo and will cost you £250 a month - new trains and v good service. Properties are ok price wise if you do a check.

If you have a chance for your mum and dad to help with deposit them look at terms on which they can help - everyone needs to take a long view - but it might be possible.

Lastly - you have to decide on your view of market and how prices will go over next 2 years - you may be better rentng to get your own place and assess how you cope with all the other bills that you might overlook by living at home.

Sorry if I have not followed the thread totally - but I think I have the gist.

Thanks for the comments, however if i do move out, i want my own place, and don't want to share with anyone, i would like to live on my own  

Train fare from Bicester is actually £320 a month, what puts the bill up is:

I pay £380 for my ticket, but i put the tube on as well (too lazy to walk)

Its then £80 for car parking

I generally use 2 tanks of fuel a month which puts on another 100-120.

So thats were i get £600 from.

Farnborough is an idea though, i will look there  

[tunnie]

actually thinking about it, Farnborough is on South West Trains no?

My grandma lives in Camberley in Surrey which is much closer than Bicester, it was longer on the train to vist her from London than Chiltern Slugs! And i took the express version.

Flats do seam fractionally cheaper there, but not by much.

[Taxi_Driver]

I think I have found a solution to the problem Tunnie............You buy a 3 bedroom semi for £1400 a month............You let out 1 room to a nineteen year old student from Sweden for £400 a month................We'll call her Eva................You rent out the 2nd spare bedroom to a another student called Mika from Russia (she would be about 22 years old blond with big tits).................Then you share your bedroom with 20 year old Helga from Norway for another £400 a month.

This means you will only be paying £200 a month to buy your first house.............And there may be other benefits as well.

I think this problem has now been sorted

Good solution there optimist  
But
a) either tunnie would be too knackered to go to work

or

b) he would be very bored  

[Kevin Wood]

actually thinking about it, Farnborough is on South West Trains no?

My grandma lives in Camberley in Surrey which is much closer than Bicester, it was longer on the train to vist her from London than Chiltern Slugs! And i took the express version.

Flats do seam fractionally cheaper there, but not by much.

I lived in Camberley for for 20 odd years. The Camberley line into Waterloo is sh1te but look at the Woking / Brookwood / Farnborough / Fleet / Hook / Basingstoke line. Much better service into London.

You will find something affordable in the area. Don't write it all off as expensive.

Also - if you don't want to live in London why do you have to work there? You might have to drop your salary expectations a couple of K to work somewhere a bit more leafy but you will spend less of your life sitting on a train and less of your money paying for it.


Kevin

[stuart30]

If your serious about buying and i do mean serious as in decent size deposit and really want too cash in on the fact house prices are relatively low then you need too wide you relocation area.

How long have you had your current job..that would be a major factor in getting a mortgage,how long do you see yourself staying with the firm your with now.

Personally id live with a less than ideal commute if it allowed a foot on the property ladder.

[TheBoy]

Tunnie

If you are prepared to do what both my kids have done then there is a way out - take a lodger.

You also need to cut your commute bill drastically and asess how long your student loan has to go  - is it worth deferring this at the lower interest rate to save you more at the highest?

If you wanted to be Farnborough Hants based for example - you have a 30 minute commute to Waterloo and will cost you £250 a month - new trains and v good service. Properties are ok price wise if you do a check.

If you have a chance for your mum and dad to help with deposit them look at terms on which they can help - everyone needs to take a long view - but it might be possible.

Lastly - you have to decide on your view of market and how prices will go over next 2 years - you may be better rentng to get your own place and assess how you cope with all the other bills that you might overlook by living at home.

Sorry if I have not followed the thread totally - but I think I have the gist.

Thanks for the comments, however if i do move out, i want my own place, and don't want to share with anyone, i would like to live on my own  

Train fare from Bicester is actually £320 a month, what puts the bill up is:

I pay £380 for my ticket, but i put the tube on as well (too lazy to walk)

Its then £80 for car parking

I generally use 2 tanks of fuel a month which puts on another 100-120.

So thats were i get £600 from.

Farnborough is an idea though, i will look there  

Thats one of the sacrifices you will have to make.  Or live with mummy and daddy until you're 50....

[platty]

...don't want to share with anyone, i would like to live on my own  

I thought the same, but a year later I was very, very pleased to be moving in with my girlfriend. It gets lonelier than you think on your own.  

[TheBoy]

Thanks for the comments, however if i do move out, i want my own place, and don't want to share with anyone, i would like to live on my own  

And extra £50 a week, not to mention the company, is not to be sniffed at.  I had lodgers when I first bought (was used to that environment, having lodged for 3yrs before), and the extra cash made the initial financially difficult couple of years a bit more managable