what would you do? - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

what would you do?

brettytopbanana Avatar
7y, 3m agoPosted 7 years, 3 months ago
The fiance and myself are in a bit of a pickle.

I am 25 and she is 24 and we are both still living with parents partly due to the fact that she is now doing her teacher training and therefore we are not in a position to buy. She does receive a decent amount of money every month for the teacher training.

We probably will not be able to buy a house for at least another year and are both really desperate for our own space.
I have always said that I will never rent but it is now getting to the stage where I am tempted to rent- she is also feeling the same.

What would you do? Hold on and put up with not having your own space at the age of 24/25 or wait and buy your own place in probably a year and half?

I am just really stuck on what decision to make. My sensible half says hold on yet my mature/ wanting my won space half says to go for it.

Im not asking the forum to make a decision for me but what do you lot think?

Thanks
brettytopbanana Avatar
7y, 3m agoPosted 7 years, 3 months ago
Options

All Comments

(46) Jump to unreadPost a comment
Comments/page:
Page:
#1
I want to add that if I was to rent now, I do have intentions to buy once she is qualified
[helper]#2
Rent - it will give you some freedom and allow you to accumulate furniture and household gear for when you do buy a house.........

Just be careful about the length of the contract and make sure its in an area which is convenient to both of you for work/training
#3
Investigate a shared ownership deal.

ie you invest say 50% in the property and pay a mortgage on that and then pay a small rent on the remainder.

You can then see about taking the rest on when you can afford it, providing the vendor will allow. Check first.

Gun
#4
Getting your own place eats sooo much money, if you can bare it just stay at home abit longer and save, save save once you have left you never get the chance to save soo much again.
#5
PS with the market deflated but about to rise, nows the time!
#6
But also if you rent, will you be able to save as much which you will need for a deposit for when you buy....?
#7
unless you have a lot of extra money after bills/rent then i would save up so you have a decent deposit when it comes to buying
#8
Be patient and save your money and have the odd weekend away together, a year aint to bad for the end result, hang in there:thumbsup:
#9
Unfortunately, with the market about to go again, you will NEVER save enough money to get the deposit together...

you will always be chasing the market
#10
I would rent to be the person I loved.

Not meaning to sound sloshy... but one life, one chance, one moment.... all that.

Good luck with whatever you and the OH decide to do xx
[mod]#11
Stay with parents for another year. Reasons being:

1. One year ISNT a long time. It will fly by.
2. It will give you chance to save up more money.
3. You are both relatively young.

Good luck.
#12
Rent, you'll get to spend more time together, can't put a price on that...
#13
I would hold on and wait save as much as u can ,stay with your parents and save as much as possible a year goes quickly.noone knows what the market will do but predicted to fall some more especially now self cert morgages have been abolished,this will effect house prices.
#14
Me and the missus rented for 6 months and we had a ball even though our rent was pretty steep. We then bought and haven't looked back.
#15
gari189;6481407
Rent - it will give you some freedom and allow you to accumulate furniture and household gear for when you do buy a house.........

Just be careful about the length of the contract and make sure its in an area which is convenient to both of you for work/training

Agree with this, will also be a decider to see if you can just "live" together before making a drastic decision of buying.
#16
i'd like to say I wish I still lived at home with my parents!
#17
camlen79
i'd like to say I wish I still lived at home with my parents!


+1 no mortage, council tax, water rates, gas, electric, tv licence ect ect :roll:
#18
I'm still shocked that you got engaged whilst living at home :?

Get out from under your parents feet and rent. You've already made one commitment, next step living together maybe and being self sufficient. :thumbsup:
#19
that is my concern is that the monthly rent will take up any money that we would save to put towards a house we would purchase, I think it is pretty safe to say that we will be able to live with each other as it is almost 10 years together now!!!!

we just need our space sometimes but then I get the feeling once you get renting it is difficult to buy as you do not save so much. I know a year is not a long time but I will be 26 then and feel that I am a little bit to old to be living at home still.

Its not a massive problem but a problem nonetheless!!!!
#20
choc1969
I'm still shocked that you got engaged whilst living at home :?

Get out from under your parents feet and rent. You've already made one commitment, next step living together maybe and being self sufficient. :thumbsup:


to be honest it did not bother me as I was 22 when we got engaged and in no rush to get married, and we had been together for son long by then so it ust felt like the next step naturally!!! we are now looking to get married in two years time which again is going to take up more of our money.

it sucks being grown up!! lol ....I love it really!!!
#21
brettytopbanana
that is my concern is that the monthly rent will take up any money that we would save to put towards a house we would purchase, I think it is pretty safe to say that we will be able to live with each other as it is almost 10 years together now!!!!

we just need our space sometimes but then I get the feeling once you get renting it is difficult to buy as you do not save so much. I know a year is not a long time but I will be 26 then and feel that I am a little bit to old to be living at home still.

Its not a massive problem but a problem nonetheless!!!!


Don't take it for granted, there'll still be things you're not aware of (trust me, women nag...)
#22
erm ....... difficult decision trouble is with a lot of first time buyer mortgage deals at the moment you need at least 10% for a deposit ..... do you think you could save that while paying rent bill etc.......nothing wrong with renting short or long term. Have a look on http://www.homesandcommunities.co.uk/buyingrentingahome.htm as later you may qualify under key worker housing there are also options not just shared ownership
#23
civms47
Don't take it for granted, there'll still be things you're not aware of (trust me, women nag...)


trust me I know they nag!!!!
[helper]#24
Lulu'sMammy
will also be a decider to see if you can just "live" together before making a drastic decision of buying.


choc1969

Get out from under your parents feet and rent. You've already made one commitment, next step living together maybe and being self sufficient. :thumbsup:



Yep - its one thing going out together whilst living in different households and another thing living together in the same house. There will be arguments and compremises but it means when you do buy your own place you will both be more prepared and confident with dealing with it....
#25
dont worry i was engaged and had a baby before i left home with my now hubby, 11years on we are very happy.But we did move out with no money so there was a few very hard years were my OH was completing uni, spent a few years playing catch up with our finances thats why i say stay home and save while you can. Good luck with whatever you decide
#26
do you live near any new home developments? and also have you thought about getting an extra job just to speed up the process?
banned#27
Stay at home and save :thumbsup:

My house mate moved out with his missus so I moved into my girlfriends parents house with her for 6 months then bought a place together. That was 2 years ago, coming up for our 3rd Christmas in the house I'm now 26. We were lucky as we got a 100% mortgage though unlucky because we are now in £20k negative equity.

so stay at home and save up :thumbsup:
#28
lumoruk;6481750
Stay at home and save :thumbsup:

My house mate moved out with his missus so I moved into my girlfriends parents house with her for 6 months then bought a place together. That was 2 years ago, coming up for our 3rd Christmas in the house I'm now 26. We were lucky as we got a 100% mortgage though unlucky because we are now in £20k negative equity.

so stay at home and save up :thumbsup:

You look about 40...serious :)
banned#29
Lulu'sMammy
You look about 40...serious :)


no I don't! :cry:
#30
lumoruk;6481845
no I don't! :cry:

Muwahahahahahah, you dumped your lass yet?
#31
I quite like the look of that homebuy set up where you only own part of the house. Its not brilliant, its not as good as buying but its better than renting.

Anyone done this?
#32
rent, get out and find yourselves together for a bit, it is expensive but you'll enjoy life more.:thumbsup:
#33
if you rent - you wont be able to save as much - work out the pros and cons of it - ie what bills you pay now and what bills you will pay if you rent - check out the difference and if you then think it is worth it just to have the space then go for it
#34
its one of those things though that plays in the back of my mind that makes me think it will the wrong decision to start renting when it comes to buying a house.
#35
there is no doubt about it as at the moment I am very lucky but I do not pay any bills.
#36
Rent for a year.

What if you buy a house and can't possibly live together, seen it happen :)
Good luck in whatever you choose, only you will know whats right .
#37
brettytopbanana
I quite like the look of that homebuy set up where you only own part of the house. Its not brilliant, its not as good as buying but its better than renting.

Anyone done this?


I did a shared ownership for 4 years, it was ok. It was the only way we could get our 1st step on the ladder . But make sure you do your homework 1st as we had a flat and over the 4 years the service charge more than doubled and other stuff was charged that was out of out control. We were with Tower Homes not sure i would recomened them. Also our friend brought shared ownership house with a different sceme and there rent on the part they didn't own was charged at a much lower rate than we got charged, so shop around!
#38
thanks very much for all the replies a lot of ery sensible replies here, as I sad in the OP i wasnt after the forum making a decision I was just after a bit of input.
banned#39
Lulu'sMammy
Muwahahahahahah, you dumped your lass yet?


no! though I feel bad for wrecking your dreams

here's me enjoying our pre-moon on Skopelos island where Mamma mia was filmed...yeah I'm not afraid to admit my Mum played Abba non stop when I was growing up.

http://www.lumor.co.uk/greece _small.JPG
#40
I would say stay at home a little longer if you know you have not saved anywhere near enough for a deposit of 10%. But I would say rent together before you buy for sure, living together can make or break you, as easy as it is to say you think you will be together for ever the stresses and strains of every day life can change that.
At present you and your partner have no joint money worries or pressures, all the time you spend together is quality time.
It is such a true saying that most of the things couples argue about are either money or children orientated. It is certainly true of me and my OH, we were together just four months when we were spending more time together then apart so I moved in with him. We got engaged after 8 months and married after 19 months.
Now 6 years after meeting we have our own home and two children.
I have lived with one boyfriend prior to my husband, you really do see peoples bad habits when you are together more. He became very controlling, a side I may have never seen until it was too late (and we had bought together) if we had carried on just seeing each other 3/4 nights of the week instead of just living together.

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!