smithie 2,443 Posted May 27, 2014 Report Share Posted May 27, 2014 how much deposit do i need to buy a house. i think i could probably get my saveings to 10k in 2 years if i dont upgrade my car and turn the lights off behind me .. i pay 107 a week rent lol. Quote Link to post Share on other sites
Lab 10,979 Posted May 27, 2014 Report Share Posted May 27, 2014 Isn't it about 10% of the asking price upfront for a deposit?? 1 Quote Link to post Share on other sites
smithie 2,443 Posted May 27, 2014 Author Report Share Posted May 27, 2014 my house is shit so i dont need 10k:) cheers lab Quote Link to post Share on other sites
Lab 10,979 Posted May 27, 2014 Report Share Posted May 27, 2014 So you wanting to buy the house your in??? Quote Link to post Share on other sites
smithie 2,443 Posted May 27, 2014 Author Report Share Posted May 27, 2014 yes. it council. it would rent off one day and somebody could give me 100 quid a week Quote Link to post Share on other sites
keepdiggin 9,561 Posted May 27, 2014 Report Share Posted May 27, 2014 thought it was over 10% now. Quote Link to post Share on other sites
Lab 10,979 Posted May 27, 2014 Report Share Posted May 27, 2014 You'll need to speak to the council and see if they'd be interested in selling it then and at what price. Quote Link to post Share on other sites
walshie 2,804 Posted May 27, 2014 Report Share Posted May 27, 2014 Depending on the value there might be stamp duty to add on. Solicitors fees can be a couple of grand. Quote Link to post Share on other sites
Tiercel 6,986 Posted May 27, 2014 Report Share Posted May 27, 2014 There is a goverment scheme that lends money for deposits. TC Quote Link to post Share on other sites
smithie 2,443 Posted May 27, 2014 Author Report Share Posted May 27, 2014 You'll need to speak to the council and see if they'd be interested in selling it then and at what price. it dont have to be the presant address i buy but this would be cheep and when i move out of what ever i buy i can rent it.. really just after the % needed then i can chew things over some more.. Quote Link to post Share on other sites
Giro 2,648 Posted May 27, 2014 Report Share Posted May 27, 2014 f**k buying a house mate.. This is what you want 2 Quote Link to post Share on other sites
smithie 2,443 Posted May 27, 2014 Author Report Share Posted May 27, 2014 There is a goverment scheme that lends money for deposits. TC i would have a morgae and a loan to pay for deposit at the same time then. unless the goverment let you pay in 15 years once the house is paid im happy to save the houses arent going any were.. price might move though Quote Link to post Share on other sites
Tiercel 6,986 Posted May 27, 2014 Report Share Posted May 27, 2014 There is a goverment scheme that lends money for deposits. TC i would have a morgae and a loan to pay for deposit at the same time then. unless the goverment let you pay in 15 years once the house is paid im happy to save the houses arent going any were.. price might move though I think it is deferred for 5 years then low interest rates when you start paying it back. TC Quote Link to post Share on other sites
Tiercel 6,986 Posted May 27, 2014 Report Share Posted May 27, 2014 https://www.gov.uk/government/policies/helping-people-to-buy-a-home/supporting-pages/help-for-first-time-buyers Apparently you can pay it back at any time? TC Quote Link to post Share on other sites
little hedz 118 Posted May 27, 2014 Report Share Posted May 27, 2014 you can get 5% 10% mortgages gifted deposit goverment help to buy schemes theres alsorts out there now you would be better going into your bank and talking to somebody 1 Quote Link to post Share on other sites
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.