Kina said:
For those that want to buy a house there are ways to get a mortgage that you need,
All good points Kina (especially about the making your own food and breastfeeding), but I do have to disagree with you about the above one. My ex husband left me with shitloads of debt, which ended up going to ccj's as they wouldn't accept the reduced payments I offered. Thankfully, I am now completely debt free having paid them all, but I have a negative credit rating. Unfortunately, DH was a nightmare with money before he met me, and he also has ccj's. Therefore we cannot go to a 'normal' lender. They won't touch us. We have to go to a specialist lender who's repayments anything from 1% - 3% above the high street lenders. And you MUST have 5% deposit - they will not do 100% mortgages. The most they will lend is 3x joint salary. So, DH is on £13k a year, I'm on £24k (but this financial year, it will only be £12k due to maternity leave), so that makes a normal years joint income £37k, which I know is above and beyond what most people on here earn.
![Embarassed :oops: :oops:](/styles/default/xenforo/smilies/icon_redface.gif)
But, the cheapest, grottiest, doer-upper 3 bed semi here is £145k, which is still way beyond what they would loan us, even if we could somehow get together a 5% deposit.
![Sad :( :(](/styles/default/xenforo/smilies/icon_sad.gif)
And even if we could somehow get it, we could never afford the repayments in a month of Sundays. They would be around £1k a month. Add nusery fees onto this when I go back work(which we will get hardly any help with as my earnings are good), and my wage wouldn't even pay the mortgage and nursery.
It's almost impossible for first-time buyers to get on the property ladder, and the government need to start doing something about it. But they won't because while the house prices are so sky high, they earna fortune from stamp duty.
*stopped ranting now*