With high speed railway lines there it really isn't imperative to live in London anymore. 2hours 7minutes Manchester to London for example.
Don't rule out the idea of buying outside of London and a still working in London. The difference in property prices is straight robbery in some cases.
If you're comfortable with the prices and really want to live there. Go for it. It might take a while but it'd just make that final payment even sweeter.
Tbh if you moving out london you better off finding a job on the outskirts and all.
Heard some guy on LBC the other night who said he travel expenses to london is 9 grand a year. Although he says it all evens out in comparison to property & general out going expenses. its evens out.
Hats off to those that travel that long in & out of the capital on a daily basis but if you aint clearing a certain income it aint even worth it.
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whats wrong with renting ?
they do it everywhere else in the world
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revs
I'm trying to buy now and there is fuck all in the areas I'm looking. All sold/under offer etc. Shit is getting snapped up quick time and hardly anything is coming onto the market.
Only been looking a month though.
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Sole
what areas u looking bro?
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Guest 90210
i dont want to be renting all my life in canary wharf i want to buy.
i was looking at buying in canary wharf but it is so expewnsive, im now looking at areas like surbiton, surrey, kingston, uxbridge, harrow, sutton
can get a nice lavish fully furnished modernised kitchen/bathroom/living room 1 bed/2 bed apartment for about £200,000
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zoot
lol surbiton and kingston are expensive too
probably because of the help to buy scheme, which is bullshit because it will just make house prices rise even more
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Badman
I have basically written off my chance in getting a mortgage in 2014. Gonna have to try again next year
Realistically if you want a yard in London you are looking at 25/30k cash deposit and a CLEAN credit history.
I have one but not the other
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LS
i'm 6-7 months away from getting the cash but need a new job to get my mortgage
Not sure if i'm ever going to get my property
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Kompressor
With high speed railway lines there it really isn't imperative to live in London anymore. 2hours 7minutes Manchester to London for example.
Don't rule out the idea of buying outside of London and a still working in London. The difference in property prices is straight robbery in some cases.
If you're comfortable with the prices and really want to live there. Go for it. It might take a while but it'd just make that final payment even sweeter.
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Mic Man
Dont know abt u but the idea of spending £800 pm on something that isnt mine is not cool
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Badman
I was assuming when London was mentioned it includes greater london as well
as in some parts of Essex, Hertfordshire, Kent etc
I personally have no desire to live in anywhere inside the A406 boundary
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Badman
Not only that but you are effectively paying off next mans investment as well
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Sole
yh but look at the price of rail and public transport
would rather spend that monthly rail card on the mortgage.
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