I was told by the mortgage adviser when I saw him months ago to work on the worst/highest figure of £600/month on £100k for a 100% mortgage........

I didnt realize you were going for 100% - thought 70% was about norm?

i.e. borrowing 70k at say 6% would be 4200 per year or 350 per month

i just totted up the items on your first post and your up to £1390 after tax mate.

thats a lot of cash for a first timer unless you got a bird your getting to pay in?

Quote from: DaveI didnt realize you were going for 100% - thought 70% was about norm?

i.e. borrowing 70k at say 6% would be 4200 per year or 350 per month

95% is the norm these days isnt it?

I dunno - if it is then Id be a bit worried as that is a lot of leverage to give ordinary people

Quote from: chrisdickoIll need to buy bedroom cupboards and draws etc Ive already got a microwave, kettle, toaster etc so thats somethings less to buy. Will just go to ikea i think , as thats cheap as chips.......Need two new carpets as well, but the rooms arent too big so that shouldnt be too bad.

Good thinking as well Egg, Ill try and have around £1000 as back up I think, and spend maybe around £2000 on bits. Wouldnt mind a nice LCD TV as well.........although that might wait!

Have a look on Ebay. I bought a Suite of kingsize bed, 2x bedside table/draw, small chest of draws, large chest of draws & a Mirror for £180 brand new.

keep an eye open.. how about somthing like that :-
http://cgi.ebay.co.uk/Brand-New-FULL-BEDROOM-SUITE-in-Maple-5-Elements_W0QQitemZ120138542069QQihZ002QQcategoryZ20480QQrdZ1QQcmdZViewItem

Quote from: Eggtastico

Quote from: DaveI didnt realize you were going for 100% - thought 70% was about norm?

i.e. borrowing 70k at say 6% would be 4200 per year or 350 per month

95% is the norm these days isnt it?

For first time buyers it is.

Dont bother with payment protection. Its a scam. Theres loads of clauses to get out of paying, and unless you think youll be out of work for a year whats the point ? If the worst comes to the worst you can just sell the property.

Quote from: Eggtastico

Quote from: chrisdickoIll need to buy bedroom cupboards and draws etc Ive already got a microwave, kettle, toaster etc so thats somethings less to buy. Will just go to ikea i think , as thats cheap as chips.......Need two new carpets as well, but the rooms arent too big so that shouldnt be too bad.

Good thinking as well Egg, Ill try and have around £1000 as back up I think, and spend maybe around £2000 on bits. Wouldnt mind a nice LCD TV as well.........although that might wait!

Have a look on Ebay. I bought a Suite of kingsize bed, 2x bedside table/draw, small chest of draws, large chest of draws & a Mirror for £180 brand new.

keep an eye open.. how about somthing like that :-
http://cgi.ebay.co.uk/Brand-New-FULL-BEDROOM-SUITE-in-Maple-5-Elements_W0QQitemZ120138542069QQihZ002QQcategoryZ20480QQrdZ1QQcmdZViewItem

there is a reason why its that cheap. jesus god thats disgusting.

Quote from: crazylegsi just totted up the items on your first post and your up to £1390 after tax mate.

thats a lot of cash for a first timer unless you got a bird your getting to pay in?

Yeah, its going to be a lot!!! Have a bird, but she isnt moving in or anything. Just going to have to tighten up a lot TBH, and not go out drinking as much.......or maybe even ever again  

Will check out ebay, cheers Egg. Didnt think of there for furniture etc. At work now so cant check your link until im home.

Sam, is payment protection really that bad?? I thought it would be worth paying for?!

its probably worth saving the money instead of blowing it on payment protection.

Yeah, see what you mean now really!

Quote from: chrisdickoSam, is payment protection really that bad?? I thought it would be worth paying for?!

They only pay out for a max of a year or 2 years and they wont pay out instantly, its only after, for example, 6 months of unemployment.

Its the biggest rip off going, just forget about it.

just to depress you im going to tot up how much its costing me to live in france.

salarie - 12 900 euros (minimum wage) (around 1000 euros pm)

rent pm - 560 euros / 2 = 280 euros
food pm around 250 euros
bills pm around 40 euros

the beer is minimum 7% and its 2 euros a pint

 2.00 EUR=1.35245 GBP. however buying sh*t its proving to be tricky atm. im after a laney vc30 212 amp an its going to be around 600 euros if i buy it in england new.

Quote from: Sam

Quote from: chrisdickoSam, is payment protection really that bad?? I thought it would be worth paying for?!

They only pay out for a max of a year or 2 years and they wont pay out instantly, its only after, for example, 6 months of unemployment.

Its the biggest rip off going, just forget about it.

There have been an awful lot of people who have been unhappy about it when they lost their jobs but the plan didnt pay out. Like extended warranties from the likes of Dixons its usually just a way to scam you out of more money. As others suggest, if you have extra money stuff it into a bank account just in case you need it. Then you will build up a barrier gradually and later on you can use part of it to pay off some of the mortgage.

Those with mortgages might want to recalculate as the interest rate has gone up again a quarter of a percent again.

Quote from: redjust to depress you im going to tot up how much its costing me to live in france.

salarie - 12 900 euros (minimum wage) (around 1000 euros pm)

And Im living on less than £4k a year ATM...

OK I dont pay rent/council tax but then again I half own the house.