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    anyone have a mortgage for around 53k???

    how much roughly do you pay a month? i know everyones payments will be different but just after a general idea. got some new build houses near me up for sale for this amount

    74 Comments

    a new house for 53k??!?!? the credid crunch has hit hard!!

    it depends on interest rate, amount of loan you take (mortgage) then how long the mortgage is for ........

    Original Poster

    i would imagine theyre only 2 bedrooms but still! a bargain. im saving for a car at the moment and will still need to take a loan out to pay for it, but this is so tempting

    I would say around £300-£350 ISH.

    bankrate.com/cal…spx

    53k over 20 years, at 5% interest = £349.78

    Try this morgage calculator ]here :thumbsup:

    OMG a new house for 53K????????????? Wow I was about to buy a new build last year.. A 3 storey, 4 bed house with garage, 2 bathrooms, 3 toilets for £250K but then again that is london for you"

    Miss Money Penny;5612089

    OMG a new house for 53K????????????? Wow I was about to buy a new build … OMG a new house for 53K????????????? Wow I was about to buy a new build last year.. A 3 storey, 4 bed house with garage, 2 bathrooms, 3 toilets for £250K but then again that is london for you"



    Shared ownership I would guess.

    donnaraine;5612070

    i would imagine theyre only 2 bedrooms but still! a bargain. im saving … i would imagine theyre only 2 bedrooms but still! a bargain. im saving for a car at the moment and will still need to take a loan out to pay for it, but this is so tempting



    id be taking 2 and knocking them together!!!

    theres an ex council house in our village for 125k!! practically no garden and from what i hear on the grape vine they are flocking too it!!

    Not joint ownership or something is it? Loads this way (newcastle) that advertise like that on the boards outside of buliding sites. Then you read the small print.

    Original Poster

    i hope i can still get a house for around this price in a couple years time. affording the repayments will be difficult for me, especially as im single so only have one salary coming in

    Banned

    pghstochaj;5612094

    Shared ownership I would guess.



    yeah seem to be a lot around part rent part buy

    Banned

    I have a £51,000 mortgage and pay £106.75 per month

    Original Poster

    im gonna see if theyre anywhere on the internet to have a proper look

    Original Poster

    cant find them! will try to get a proper look at the bulletin board next time i pass. hope its not one of the shared housing things yous mentioned

    *Faints*

    A 2 bed house for £53k? Couldn't buy anything, except maybe a park home for that around here!!
    I would ship my son straight out to buy one, he has zero chance of getting onto the property ladder.

    Original Poster

    KrispiiDuck;5612215

    *Faints*A 2 bed house for £53k? Couldn't buy anything, except maybe a … *Faints*A 2 bed house for £53k? Couldn't buy anything, except maybe a park home for that around here!!I would ship my son straight out to buy one, he has zero chance of getting onto the property ladder.



    i feel like i have no chance either! how old is your son?

    donnaraine;5612156

    cant find them! will try to get a proper look at the bulletin board next … cant find them! will try to get a proper look at the bulletin board next time i pass. hope its not one of the shared housing things yous mentioned



    May not be these but take a look anyway
    findaproperty.com/sea…t=1

    Can't even get a 1bedroom flat for that much here.

    I think they would still require you to have some deposit though.

    The mortgage repayments probably less than the rent your paying now.

    Original Poster

    WoolyM;5612251

    May not be these but take a look … May not be these but take a look anywayhttp://www.findaproperty.com/searchresults.aspx?edid=00&salerent=0&areaid=1418&prt=1



    nah its not on there, but thanks and rep for that! maybe i will be able to get on the property ladder one day :-D

    Original Poster

    Mum2Connor&Cerys;5612278

    Can't even get a 1bedroom flat for that much here.I think they would … Can't even get a 1bedroom flat for that much here.I think they would still require you to have some deposit though.The mortgage repayments probably less than the rent your paying now.



    erm i dont pay rent, i pay board...to the parents!

    but i would like to move out in the next couple years, its just money thats stopping me

    donnaraine;5612295

    erm i dont pay rent, i pay board...to the parents! :pbut i would like to … erm i dont pay rent, i pay board...to the parents! :pbut i would like to move out in the next couple years, its just money thats stopping me



    well.. in your favour..

    you're a first time buyer...

    you carry with you no chain...

    you simply need to save up a sizeable deposit ( maybe 20% )

    if you cant afford to buy save up a couple of thousand to rent privately, to pay deposit and first months rent x x

    donnaraine;5612295

    erm i dont pay rent, i pay board...to the parents! :pbut i would like to … erm i dont pay rent, i pay board...to the parents! :pbut i would like to move out in the next couple years, its just money thats stopping me



    Oh well I would stay put then,more cushty for moment,try save a bit for a bit of a deposit.

    It's not really hit things too bad here the housing price crash,they still overpriced really,but thats South East prices,it's to be expected.
    I think it going be a while before things pick up again anyway.

    I wanted to settle in the South East but too expenisve as opposed to the North

    Original Poster

    well at the minute im saving for a car, and will also need a loan too. but once thats out the way, maybe 2 or 3 years, then i'll be ready to look into the housing market. just wish i could afford to do it now

    Paddy_o_furniture;5612335

    I wanted to settle in the South East but too expenisve as opposed to the … I wanted to settle in the South East but too expenisve as opposed to the North



    Yeh it way dearer but some towns are cheaper,like where I live some of the houses are 40-50% cheaper than say the next town on. These places that are cheap are not great to live.

    donnaraine;5612346

    well at the minute im saving for a car, and will also need a loan too. … well at the minute im saving for a car, and will also need a loan too. but once thats out the way, maybe 2 or 3 years, then i'll be ready to look into the housing market. just wish i could afford to do it now



    Yep cos they would ask about any outstanding money owed and it might go against what they could lend you.
    In 2-3 years time,who knows you migth be settlling down with someone,then can share the expense with them lol.

    53k round here would get you a garage. lol What are these houses............are you in Baghdad???

    Original Poster

    Mum2Connor&Cerys;5612414

    Yep cos they would ask about any outstanding money owed and it might go … Yep cos they would ask about any outstanding money owed and it might go against what they could lend you.In 2-3 years time,who knows you migth be settlling down with someone,then can share the expense with them lol.



    lol i dont think anyone would have me :w00t:

    Original Poster

    Syzable;5612420

    53k round here would get you a garage. lol What are these … 53k round here would get you a garage. lol What are these houses............are you in Baghdad???



    nope, north east ENGLAND :-D

    Was it a Gladedale home you were looking at Donna?

    They do a Shared Purchase Scheme with no deposit
    gladedale.com/inc…=53

    They also do a First Start Scheme (they pay the deposit)
    gladedale.com/pdf…pdf

    donnaraine;5612443

    nope, north east ENGLAND :-D



    I'm selling up and moving up north.........i could buy a street. :w00t: :lol:

    Syzable;5612420

    53k round here would get you a garage. lol What are these … 53k round here would get you a garage. lol What are these houses............are you in Baghdad???



    donnaraine;5612443

    nope, north east ENGLAND :-D




    The North East isn't that bad!

    I remember when I bought my 1st house almost 7 years ago for 26k and it was pretty decent!

    Houses round here may be cheap but some aren't too bad

    Syzable;5612448

    I'm selling up and moving up north.........i could buy a street. :w00t: … I'm selling up and moving up north.........i could buy a street. :w00t: :lol:



    I'd happily move north too.

    csiman;5612106

    I have a £51,000 mortgage and pay £106.75 per month



    How many years is that for?

    Original Poster

    xsazzyjayx;5612447

    Was it a Gladedale home you were looking at Donna?They do a Shared … Was it a Gladedale home you were looking at Donna?They do a Shared Purchase Scheme with no deposithttp://www.gladedale.com/incentives/Default.aspx?page=53They also do a First Start Scheme (they pay the deposit)http://www.gladedale.com/pdfs/general/first_start.pdf:)



    no it was primo i think, rings a bell anyway

    donnaraine;5612470

    no it was primo i think, rings a bell anyway



    Yeah Primo by Gladedale

    Same company I think!

    donnaraine;5612436

    lol i dont think anyone would have me :w00t:



    I'm sure someone for everyone.

    I seen a lot of lower priced houses in likes of Middlesborough etc

    Original Poster

    xsazzyjayx;5612472

    Yeah Primo by Gladedale :)Same company I think!



    ohhh silly me! :oops:
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