Making the decision

My in laws live in Clacton on sea in Essex and bought a new build house there. We were really impressed with everything. 

For a while we as a family have realised that owning our own home is not going to happen, our rent takes over 50% of our income and once bills have come out there is nothing left to save, saving £20 a month would take 125 years to grow to £30k. 

So we were amazed when we heard that new developments are asking for 5% deposit, government will give you an equity loan for 20% and then just a 75% mortgage to negotiate… Do able??? 

Or still a pipe dream? 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: