I’m finding it really tough at the moment. We’ve been saving for almost two years – and by saving, I mean proper saving. No holidays (not since 2008!), no lavish purchases…nothing. Nothing but saving, saving and more saving. We’re also coming really close to our target deposit amount, but because I’m self employed I won’t be able to get a mortgage offer (or won’t even stand a chance) before I have two years worth of accounts. So that’ll be in April 2011. I plan on doing my accounts April 1st, then applying for a mortgage April 2nd!
We also realised the other day that we’re the only one of our friends to have saved a deposit with no help from family. All our friends have either had cash handouts or loans, or have moved back home with the parents while they save. And that’s why it’s taking SO long. We’re having to pay rent (which is more than a lot of my friends pay for their mortgages), and bills, then try and save whatever is leftover. It’s so hard to do. My Mum said that back in the day rent was lower so people could afford to rent and save at the same time. Plus house prices were based on one persons salary (since the little lady was at home looking after the kiddie-winks). But now house prices are based on two salaries which is why they’ve skyrocketed over the years.
So in the meantime, we’ve been buying up bits and bobs for the house, looking at websites and magazines to decide on styles and decor ideas, but we’ve also been going on RightMove – a lot!
At first I used to love going on RightMove because it was exciting and fun looking at all these houses… but now it’s just depressing. I haven’t got a mortgage offer, so each time I see a house that would be perfect it almost breaks my heart a little bit!! It’s a bit like torture really – seeing things that you know you can’t have. But then there’s always the hope that these dream houses won’t sell then come next Spring they’ll be available for a cheeky offer from us. But it’s unlikely!
So for now I have given up going on RightMove (well I’m trying, it’s actually pretty addictive – I can’t help popping back on there every now and again). But I’m trying really hard to quit! The boyfriend on the other hand, has no such qualms about logging on and showing me endless examples of perfect houses – most of them way over our price range…“if we just saved another £30,000 we could get a house with a swimming pool…”!!! Not likely my friend, I’m far too impatient for that!
Image from http://www.rightmove.co.uk/news/tag/files/2012/01/wordle.jpg