Housey

[kingandy]

So I'm looking at houses that myself and bacony can view on Saturday. What do you suppose "Viewing Recommended" means? Does it mean it's a shithole? It looks it from the photo.

Then there's this one, but I'm not sure exactly where that is.

Then I got bored and went back to Livejournal.

Comments

[kingandy]

Findings may be biased by the way I'm looking for cheap houses, but yeah, it's possible to buy a 2-bedroom house for less than 60K... Comes of living outside London.

And in Bolton.

[renniek.livejournal.com]

Comes of living outside London.

And in Bolton.

Yeah, you can't get a 2 bedroom house for <£60K in Didsbury. Or anywhere between here and Stretford. Bolton's cheap.

[stsquad.livejournal.com]

I suppose I should thank Max for the one thing that she made me do. You could alway consider buying with a friend? Its becoming more common and if you pool resources you can get a nicer place.

[kingandy]

While it's excellent in the short-term, I'm apprehensive about what would happen if one of us wanted to move away. More binding than marriage, or so I'm told.

[kneeshooter]

Depends on the relative amounts of money (mortgage/salary) and the career expectations.

It can work out - just think about it...

[kingandy]

Yeah, I don't know ... essentially what I'm doing now is getting a mortgage that is wholly mine, but I probably couldn't afford without Katy's input. It's a bit like a joint mortgage except the house belongs entirely to me, so if she leaves I only have to find somebody to cover the rent and don't have to worry about buying off her share or whatever.

[stsquad.livejournal.com]

These things are sorted out before you buy. Usually is agreed you can have your capital brought out (i.e. your share of the initial mortgage) and the house valued for the rest of the money when sold. An other option is agree to sell after a few years. The most important thing is to agree on what people will do *before* you buy a house.

Remember after 3-4 years you should all be beter off anyway and you can use existing capital as a basis of securing loans for a new house.

See http://www.bbc.co.uk/homes/property/buying/buying_with_friends.shtml for some details

Its just an option but worth at least considering....

[renniek.livejournal.com]

I can probably just about afford a mortgage on my own, once I've paid off some of my debt mountain. Just trying to dispel the myth that everywhere outside London is cheap.