CherryBlossom

I need some advice please

Me and my husband have found a new development site that are building houses and flats we are thinking of buying a two bed apartment with them

i need advice for this

the apartment is shared ownership (?) for £22,500 we have been offered upto £66,000 so we think this is perfect to get us on the propety ladder but i am a lil panicky about household bills (i.e. electiric, water, councile tax) as we dont know how much these cost.

my husband works and earns quite a bit i am currently looking for part time work and might have got 1.

any advice would be appriciated x

polo_princess

Eeeek im not so sure on all this shared ownership stuff hunni.

I know they are offering 40% on some of the flats where i live based on a mortgage of about 80K. Which means you pay £685 a month and about £185 a month, obviously you still have to pay a proportion of the rent.

Id say on average my brand new 2 bedroom flat, costs me around £1000 a month thats with £650 a month rent and all my bills. So you'd really need to sit down and work it all out beforehand.

Where abouts are they? Come buy one near me and you can pass me cupcakes over the balcony lol

CherryBlossom

lol they are nr Darren's work on grove road the pics look lovely.

polo_princess

Oh yeah i know, sounds nice.

Id say your going to need to have around £1500 a month to live safely hun.

Just think no more drunken noisey club 85 louts!!

anita665

The shared ownership is good because you can get a mortgage on a property you wouldn't otherwise be able to afford but I think you have to still pay the rent on the part which you don't own. It's not normally very much though.

We live in a brand new 2 bedroom flat with a livingroom, tiny kitchen, bathroom and en suit. We're in band A for our council tax, which is the lowest but it still costs loads and varies depending on where you live. I can't remember exactly how much ours is but it's over £100 per month. I think closer to £150. Our water is £140 every 6 months which isn't bad.

The other thing is although it's lovely to have a brand new property, we had so many problems when we first moved in. No postcode for ages which causes problems when changing your address with certain companies and getting stuff delivered. We had to pay to get a BT landline installed and then were stuck with a 12 month contract with them which cost a fortune. Then just problems with little things which hadn't been tested but that could just be our bad luck. Ours were build by persimmons.

Iwantone!!!

i have a one bedroom flat my following bills are
water 6quid a week
gas 22 a month
electric 28 a month
council tax (i live alone so urs will be more ) 50
home phone/broadband 35 a month
sky 35 a month
food for us £100 a month
tv lience 10 a month
good luck hunni xx

CherryBlossom

Thanks girls i will get Darren on here later to read what you wrote you lot are great xxx

anita665

AH - You have Sky!! So jealous!!!! I miss it so much. It was like my best friend, letting me watch Spongebob and Fairly Odd Parents all day! We aren't allowed it in our stupid flat because apparently the dish will look bad on the building.