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From what I can tell they…
1: Take bookings and show people around your property.
2: Advertise your property.
3: Inform you of any bids made on your property.
Is ... |
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 Should I buy a 900 sq ft home for $70,000 or a 1300 sq ft mobile home for $55,000.? |
The house is complete but basic. The mobile home has all upgrades.
Additional Details
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| Im almost 16 and Want my own apartment. Im not kidding, I have a job and Is already supporting myself. No dumb answers.... |
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 Landlord problems? |
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| Can my landlord give me only 2 days to get out? ? |
| I am a home renter in Missouri. I am 2 months behind in rent. Today I got a phone call from my landlord saying that he has already re rented the home and I have 2 days to get my things and get out. I... |
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 I Filed Bankruptcy Over 7 Years Ago, Will Any Lender Extend A Mortgage? |
I let my house go and filed bankruptcy when I got ill and my ex flew off on her broom b/c she didn't want to "deal" with it.
I have been since been renting and establishing my ... |
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| In Property / flat share ads, they often say, along with No Smoking, No Pets, etc, 'No DSS' - what does this mean?... |
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| Just curious to know, because in central NJ average rents I've seen for a nice place start around $1200 per month.... |
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 Is it out of order to ask current owners to move out so I can move in? |
| I've just had an offer accepted on a house in England, I want to move in ASAP so I don't have to keep paying rent on the flat I'm in at the moment but I'm the bottom of a chain. C... |
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SARAH B | I'm currentley looking into buying my first house. The maximum mortgage I can get is £50,000.? |
£50,000 won't buy me a house in or around my area. Is there no chance of me getting my own house unless I'm lucky enough to get a really well paid job? How do other people do it? I really don't want to carry on renting. |
 |
 
Lee H
|
I suspect you're not going to like what I've got to say but, if you can only get a mortgage for around £50k then your annual income is around £16k...
What on earth makes you think that someone on £16k should be able to buy a house? You don't need a "really well paid job" but merely an averagely paid job would be a start??
Sarah... seriously, no need to SHOUT in your personal response to me, SHOUTING doesnt do anything but prove the person doing it is a bit... anyway... my response isnt a sarcastic response, it is a real one!
I don't think "home-ownership" is a right and I personally don't think someone who is earning under the national average should really be able to purchase their own home. Of course, this is due to my belief in social housing, which should be reinforced to make up for the massive sell offs by the tory governments in the 70's and 80's which is one of the reasons why we are in this position now, and look to see it get worse in the next year or so... look at France for example, very few people own their own home...
That said, dependant on where you live, an averagely paid job could buy a small one bed flat or maisonette - but given you are a full-time mum (and I suspect given the low mortgage offer a single mum) this will probably not be big enough for you.
You mentioned you don't think you are doing badly and at no point have I suggested otherwise... merely questioned why someone on less than average should think they should be in a position to own their own home? I'd love a houseboat and four holidays a year, a new car every year... someone else has them, why can't I on my "only slightly above average" wage?
Home-ownership is not a right, it is the cash based privilege of those that can afford it or arrange finance sufficient to be able to afford it.
It really is as simple as this... if you want something that you cannot afford then you have to put yourself in a position to make the shortfall up... either by earning more or saving until you have the cash - this "me-me-me-now-now-now" attitude prevalent in society right now and for the last decade or two is what is behind the current economic downturn. |
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Tia
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I would say ur best bet at the moment is shared ownership when you buy half and rent the rest until you can afford to buy the rest, I know loads of people that are doing that these days and it may be the only way you get a place. Me and my Fiance was going to do shared ownership until his dad said he didn't want his house no more and that he would sell it to us in 2 halves so we brought it for the max we could get a mortgage for and then when we sell we just have to give him the rest that we owe, so unless you know someone that is selling their house and they would be happy to do it that way then I think shared ownership is your best bet. Something will come along for you, just keep looking. Good luck |
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Vixen
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You could always try part ownership, where you buy half of a property and rent the other half, then eventually buy out the other half.
If you consider this make sure you have a good solicitor to look over the contracts, terms and conditions etc.
Im in the same situation where i can only get a mortgage for £48000, i am just about to buy my first house, part ownership.
Only other option would be to buy with a friend, family member or just keep renting until the house prices fall.
Good luck. |
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65% water
 |
Wanting your own house is perfectly understandable, and I suspect the advice to buy with another person is not what you want to hear. I wouldn't recommend it, because who knows what will happen with that relationship in the future?
I would suggest getting more training or education, and finding a better-paid job. It's not a matter of "luck" at all. It's a matter of setting your goals and working toward them. Put aside whatever money you can, don't make any major purchases, and work work work until you get what you want out of life. |
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leambi
 |
You could do shared ownership which means you would buy a percentage of a home and have to pay rent on the bit that you didn't own or maybe buy a home with someone else, partner, friends or family, other than this there is little you can do. |
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nuttyred x
|
Hi Sarah,
This is the situation a lot of people are finding themselves in at the moment. It has always been tough for a first time buyer but it is even harder with the current market conditions being the way they are.
The mortgage market is struggling with many lenders not really wanting to deal with first time buyers or requesting minimum deposits of 15-25%.
If you have no deposit that means you are requesting a 100% mortgage which is almost no go at the moment.
In answer to your question...how do other people do it? they have large deposits, multiple or larger incomes, steady employment and so on.
A possible option of getting your foot on the property ladder is shared ownership you buy a % of the property which you pay a mortgage on the other % you pay rent for. At a later date you can purchase a further % increasing your mortgage and decreasing the rent. You do this till eventually you have purchased it all.
There is the option of buying with friends but personally not one i would consider there is a lot of what if's involved with that process.
I wish luck xx |
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KrazyMuddles
 |
people do it with other people, rather than on their own.
Perhaps you could buy with a partner or friend? |
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man290663@btinternet.com
 |
MOVE TO A CHEAPER AREA OR BUY A FLAT.
So many first time buyers want too much in the first step.
I had to start with a 1 bed flat and move many times. |
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ryancarlwatson
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Save up a larger deposit.....If you have a larger deposit banks are more willing to lend you more i beleieve! |
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jackie m
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depends what area you are in? The average 1 bed flat in Glasgow in areas that I wouldn't want to stay in can be bought for £50,000 but where I stay in the outskirts a 2 bed flat costs around £100,00 and 2 bed house from £130,000 |
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Josh
 |
you just have to lower your targets and live somewhere crummy .... or carry on renting, I know it's a pain!!
One bedroom flats where I live are about £400k ... I rent!! |
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Catwhiskers
 |
having a good deposit or a higher salary is the only way to do it. |
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ste_pej
|
Save up for a large deposit - it may take some time but it's surprising what a difference taking a part-time job and not going out as much will make.
Try for a shared-ownership property, this is where you only purchase say 50% of the property and pay a rent on the rest - ideal for people in your position. |
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orlaith
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Go in halves with a brother or sister? Maybe a friend, or partner?
Im thinking of buying with my boyfriend as like you I dont want to continue to rent. Its really hard, but together we could manage a fairly large mortage...appart its not so much for either of us.
I hope you get sorted. |
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JAMIE R
|
Going into it with someone seems like the best idea here. Perhaps a work collegue, or an old friend in the same situation.
I'd have a look on www.rightmove.co.uk is a really good tool for searching properties. Perhaps you'll have to look further afield. I had to move thirty miles away to get my first house as it was thre only place I could afford.
Good luck. |
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Champagne 3 suspended again !
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I don't think you really stand much of a chance. £50,000 won't get you a flat, let alone a house. Maybe you'll just have to rent for a while and work towards getting a higher paid job. |
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Sal*UK
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Hun, you wouldn't stand a chance round here - one bed flats are over 100K. Dreadful situation really - and I don't think mortgage lenders are offering much more than double salaries now. Gone are the days of salary x 5. Good luck. |
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