Oh... My... God...
Wow... I can't believe I'm doing this.
I suppose I better explain what *this* is.
For a while now, I've been thinking about moving out. I live at home with my parents, and although its an easy life, we're driving each other nuts. Hence the desire to move out.
Now I have a budget of about £500 a month to spend on rent, so I decided to look to see what I could get.
NOTHING! Well not unless you count a bedsit or a house share.
So me and my mum looked at buying. We set a budget based on what my bank would give me for a mortgage, £130,000. With that money it looked as though the only thing I could get was once again, a bedsit, or a studio flat. but then bang, ex local authority places started appearing.
Now there are issues here. Only a couple of lenders will give a mortgage on ex-local authority for various reasons. They're usually still in the middle of social housing developments, and they can spring up surprise maintainence costs. But seriously, when a large two bed flat comes on the market for the same price as a ROOM in a house share, anyone would be tempted.
I'm VERY tempted. I've been to see it. I LOVE it... Now I'm just a bit...
Oh... My... God...
Can I really do this? Can I buy a flat?
I feel no where near grown up enough for this... *panics* Not to mention what a squeeze a mortgage would put on my finances. All that lovely ka-ching I've saved would be gone... I'll have to quit smoking. I wouldn't get my new car. My Website will have to go... my LJ might have to too... (at least i would have to downgrade...)
However...
I really really love this flat. I really need my own space now and this flat... well... Its huge!!! it has a balcony... it has a room I can use as a study. *sigh* I can see a gazillion things I could do to it. I want it.
I WANT IT!
I'M SCARED
*head explodes*
I suppose I better explain what *this* is.
For a while now, I've been thinking about moving out. I live at home with my parents, and although its an easy life, we're driving each other nuts. Hence the desire to move out.
Now I have a budget of about £500 a month to spend on rent, so I decided to look to see what I could get.
NOTHING! Well not unless you count a bedsit or a house share.
So me and my mum looked at buying. We set a budget based on what my bank would give me for a mortgage, £130,000. With that money it looked as though the only thing I could get was once again, a bedsit, or a studio flat. but then bang, ex local authority places started appearing.
Now there are issues here. Only a couple of lenders will give a mortgage on ex-local authority for various reasons. They're usually still in the middle of social housing developments, and they can spring up surprise maintainence costs. But seriously, when a large two bed flat comes on the market for the same price as a ROOM in a house share, anyone would be tempted.
I'm VERY tempted. I've been to see it. I LOVE it... Now I'm just a bit...
Oh... My... God...
Can I really do this? Can I buy a flat?
I feel no where near grown up enough for this... *panics* Not to mention what a squeeze a mortgage would put on my finances. All that lovely ka-ching I've saved would be gone... I'll have to quit smoking. I wouldn't get my new car. My Website will have to go... my LJ might have to too... (at least i would have to downgrade...)
However...
I really really love this flat. I really need my own space now and this flat... well... Its huge!!! it has a balcony... it has a room I can use as a study. *sigh* I can see a gazillion things I could do to it. I want it.
I WANT IT!
I'M SCARED
*head explodes*