24
Buying a house is making me feel old.
(Himjim died a little more inside on, Thu 1 Jul 2010, 15:19, 1 reply, 16 years ago)

I bought a house when I was 18.
I didn't go to uni though so it evens out.
( Kitty v1.0 desperately naive, Thu 1 Jul 2010, 15:20, Reply)

OLDDDDD!
Just kidding. What was it like? Got any tips?

I'm enjoying buying the furniture.
(Himjim died a little more inside on, Thu 1 Jul 2010, 15:28, Reply)

buy expensive furniture when you can afford it

( Vipros. clever got me this far, then tricky got me in, Thu 1 Jul 2010, 15:33, Reply)

I agree, my first chair was two milk crates wired together.
But I were 'appy, as tha' didn't cost me owt.
( Bartleby A dead man on vacation, Thu 1 Jul 2010, 15:35, Reply)

hahaha
I officelolled at that. I hope that's ok.
( Kitty v1.0 desperately naive, Thu 1 Jul 2010, 15:57, Reply)

Its true, but you may laugh.

( Bartleby A dead man on vacation, Thu 1 Jul 2010, 16:42, Reply)

Woohoo!
Got a fair whack of my savings on that and at least 500 on a bed :)
(Himjim died a little more inside on, Thu 1 Jul 2010, 15:42, Reply)

well worthwhile
my sofa was £700, my wardrobe and chest of drawers probably about £1200 and my mattress alone cost £800

all some of the best value things I've ever bought.
( Vipros. clever got me this far, then tricky got me in, Thu 1 Jul 2010, 16:03, Reply)

It was fine
I'm so glad I did it now that my friends are struggling to get on the property ladder. It was a bit scary because I thought I'm 18, I shouldn't be allowed to own property. I didn't know what council tax was though, I got an angry red letter threatening court action before I rang my mum and asked about it. But I assume you're not that thick.

I loved buying the furniture, I spent about £300 in Ikea but my place looked amazing. And because all my friends lived at home, my place was party central.

My advice would be to overpay your mortgage, even by just a tenner a month at first. It seems like only a little thing, but it's really good in the long run, cuts thousands off the interest.
( Kitty v1.0 desperately naive, Thu 1 Jul 2010, 15:33, Reply)

Totally agree with you there
I'm doing that, trying to put a bit extra every month, and I've managed to reduce the term in 2 years after 2 years that I started paying.
(Aberracion Life's getting very complicated, but a lot of fun., Thu 1 Jul 2010, 15:36, Reply)

the overpayment bit is sensible
I should have been doing it while I had my flat. can't do it now because the mortgage payments on my house are so fucking large.
( Vipros. clever got me this far, then tricky got me in, Thu 1 Jul 2010, 15:38, Reply)

My finantial advisor
gave me very good advice there, and told me to put my monthly payments 100-200£ less than what I could afford, and make overpayments, as they go straight to your capital, you don't pay interest with them, and you reduce your term massively.
(Aberracion Life's getting very complicated, but a lot of fun., Thu 1 Jul 2010, 15:41, Reply)

Thanks :)
Council tax is definitely on the radar, my trip to Ikea is soon and thanks for the tip about the overpayments.

I was going to channel it back into the house but via savings and doing it up, but I think I'll just overpay by £100 each month!
(Himjim died a little more inside on, Thu 1 Jul 2010, 15:44, Reply)

you are ready, young master HimJim.

( Kitty v1.0 desperately naive, Thu 1 Jul 2010, 15:58, Reply)

it's worth doing the place up as well
but paying into the mortgage will be more rewarding than a savings account in the long run.
( Vipros. clever got me this far, then tricky got me in, Thu 1 Jul 2010, 16:02, Reply)