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lettie · 08-08-2007, 12:04

Me and Grego bought our first house together when I was 21. We had no money saved for a deposit and managed to get 100% mortgage. The first year was really hard, we couldn't afford a TV license so had no telly. We could only afford to go out 1 night a week and we used to go up to our mum's house and scrounge our tea.
Once we had got used to managing the finances things ticked along nicely, I eventually bought Grego out and my mortgage is now peanuts and almost paid. I changed it for a flexi 4 years ago, it gives you the option to over pay.
I have always seen renting as dead money and am glad that I bought my house despite the initial financial struggle. It is an investment which you can sell and potentially make money on.

08-08-2007, 12:04	#14
lettie Filthy / Gorgeous Bejeweled Blitz Champion! Join Date: Jan 2004 Location: Xanadu Posts: 4,005 Blog Entries: 337 Liked: 67 times Rep Power: 88670	Re: Advice on moving into first house Me and Grego bought our first house together when I was 21. We had no money saved for a deposit and managed to get 100% mortgage. The first year was really hard, we couldn't afford a TV license so had no telly. We could only afford to go out 1 night a week and we used to go up to our mum's house and scrounge our tea. Once we had got used to managing the finances things ticked along nicely, I eventually bought Grego out and my mortgage is now peanuts and almost paid. I changed it for a flexi 4 years ago, it gives you the option to over pay. I have always seen renting as dead money and am glad that I bought my house despite the initial financial struggle. It is an investment which you can sell and potentially make money on. __________________ Never put off until tomorrow what you can avoid altogether. The views expressed here are my own and not necessarily those of my family, friends, employer, this site, my neighbours, hairdresser, dentist, GP, next door's dog or anyone else who knows me..