Showing posts with label mortgages. Show all posts
Showing posts with label mortgages. Show all posts

Friday, 7 December 2012

Surprise flat viewings

I had resigned myself not to keep looking at flats, putting it off until after Christmas when we'd both been at our jobs longer, had a little more money and had a better credit rating. This week three flats have come onto the market which seem to tick most of our boxes and I've scheduled appointments for us to see all three for tomorrow afternoon- fingers crossed we find something! So far I think we've seen around ten and its getting a little tedious.

Thursday, 29 November 2012

Silly season

Where to begin? I haven't posted yet again in a while, but things have been kind of emotional/hectic over here in my little corner of the globe. It all started when I found a property online at a good price and made the mistake of ringing the estate agent who roped us in to see about four flats half of which were out of our price range and booked in to see the mortgage broker.

We spent a busy few weeks viewing properties, most of which I would get attached to, could imagine living in but weren't quite right for one reason or another. And then I stumbled across one online, great price, iffy location but once we went to see it it was the best location we had seen. The flat was great, decent sized kitchen, fitted appliances, bathroom a decent size and we wouldn't have to do any work to it. The mortgage was affordable, as well as the ground rent/service charges.

We put in an offer, it was accepted and it seemed things were going our way. However, I was told different stories by each of the estate agents I went to see the property with, such as four people had pulled out previously and that was why it was such a good price. Immediately alarm bells started ringing, and I went to visit it with my mum who asked the seller all the practical questions I had overlooked such as how old the warm air heating system was, how old the flat roof was and which type of construction the building was. The seller clammed up, went pink and I couldn't help thinking she might be hiding something.

At my wits end we went to see the estate agents again to try to find out what was going on, only to find out no-one had put an offer in until a week before us which wasn't accepted. The property had been on the market since August 2011. Feeling rather uncomfortable, worried, stressed out and emotional I thought it was probably best not to even get a survey done as we were worried from the off it wouldn't be worth the cost only to find out what we expected and pull out anyway. The fact the estate agents couldn't get their stories straight worried me, and ultimately we didn't want to buy a flat that we couldn't sell in five-six years time.

After imagining living there, and starting to plan next year- holidays etc I couldn't help but feel disappointed and fed up for the whole weekend afterwards. As Christmas is approaching there is very little choice of property on the market but curiosity keeps me coming back to the property websites to check just in case.

There is one flat online in a great location, we went to see another flat in the same block previously, but this  isn't available to view until February which seems ages away. Hmph! I know I shouldn't but I cant help but feel sorry for myself and that we'll never have our own home.

Coupled with the fact I rushed in too quick before withdrawing the offer of pulling my money out of my two ISAs and fixed rate 5% saver, losing out on all the interest because I thought I would need access to the cash soon.

I also fell asleep on the train after a work night out in the city and ended up at the end of the line at 12am and had to fork out £40 for a cab home, and the student loans company has started taking my repayments after two years taking £60 this month. Queue not a happy bunny all round. Chin up and soldier on and keep saving, nothing else for it I guess.

Sorry for the essay! advice please?

Monday, 29 October 2012

Happy first birthday little blog!

I'm doing the wedding photography so have been practicing  my portraits!
My tiny little corner of the internet has been up and somewhat loosely running for just over a year now. And on its one year anniversary we went to see the mortgage adviser  Though he kind of told me what I already knew (he said I'd clearly done my homework!) I don't think the BF actually believed me, but now it seems he is on a roll in terms of looking for properties to view.

After the appointment we had two viewings, one was almost like having our own house. It was a maisonette in a quiet area with communal gardens and a garage. However it was priced a little higher than I want to go as I want the monthly payments to be manageable and with the ground rent etc it would leave us with not a lot of spare money to live on. The next flat was in a small block, good location, garage and space but wires were sticking out everywhere and the plumbing was a bit weird in the bathroom.

However, I feel like we are finally getting somewhere and cannot wait to find 'the one'. We've started looking early, though I think we are probably looking at getting something going through after Christmas.

I haven't been blogging much lately as the BF is around in the evenings and weekends and I tend to do it when I've got an evening to myself. I've also had a hen night, a uni reunion and a cousins 21st birthday party so the weekends have been spent out and about. I did manage to stash away an extra £80 last month on top of my usual savings so despite the busy-ness I've come in under budget. However this month may be a different story with my Aunts wedding, my birthday and our five year anniversary to contend with :S

Monday, 24 September 2012

We've (almost!) done it... I think

This month was quite a good one for myself, as I managed to earn about £400 approx extra for leaving my last job with holiday to spare. I spend a couple of hundred on new clothes and shoes as my wardrobe was looking quite empty and scruffy. However I did sell half of the vouchers I got from my last job to my sister so that covered the cost of one pair of shoes (a padded canvas shoe-ideal for walking/cycling as I had to throw my old trainers out).

Other than that though it was a good saving month, I managed to squeeze away an additional £200 into the savings account. And yesterday while browsing yet more property websites I popped onto a well known bank's mortgage advisor. I entered how much deposit we currently have (10%) and the monthly fee came out at £750, under a 5 year fixed term first time buyer exclusive. If we carry on saving we should have a little more, I entered this amount in and the monthly fee came out at £730- not too much difference but am aware that over 30 years this adds roughly £7,000.

So I think (and hope!) we won't have to stay any longer than necessary in the house share (eight months to go!) as long as we get the mortgage approved (credit score hopefully improving- need to check soon) and find somewhere we want to buy. I think the plan is to carry on saving, then we can make a more informed decision nearer the time- we may use the extra saved money to buy the sofa, re-decorate etc instead.

The temptation now would be to think the hard work is done, but I guess no amount of savings will be too much. I do know I want to book a sunshine holiday (a bargain type one) in the new year and put my car back on the road too so I have a bit more independence. I can't wait for the new year.