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the_mcanuff_stuff Caterham 09 Feb 16 6.02pm
Originally posted by SullivannnCPFC No I don't give my parents anything, they won't take it. I do take the family out for a meal every month or so, buy a takeaway and spend a lot at Christmas and birthdays cos I do feel bad but if they won't take it there isn't much I can do. My parents have always rented so I won't inherit anything either, their only concern is me buying too early and maybe losing a job or whatever and shooting myself in the foot. Of course, I've thought about buying to rent but this is obviously much easier said than done! So if you don't mind me asking, how old are you? If you lose your job and are tied into a mortgage agreement your folks might be able to loan you some dosh to bridge the gap (though I'd recommend having a bit in reserve). And worst comes to the worst, you are in your early/mid 20s (guess) even if you lose everything, better now than if you are say in your 50s with one eye on retirement. The younger you are, the more risks you can afford to take.
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the_mcanuff_stuff

Caterham 09 Feb 16 6.02pm

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Originally posted by SullivannnCPFC

No I don't give my parents anything, they won't take it. I do take the family out for a meal every month or so, buy a takeaway and spend a lot at Christmas and birthdays cos I do feel bad but if they won't take it there isn't much I can do.

My parents have always rented so I won't inherit anything either, their only concern is me buying too early and maybe losing a job or whatever and shooting myself in the foot.

Of course, I've thought about buying to rent but this is obviously much easier said than done!

So if you don't mind me asking, how old are you?

If you lose your job and are tied into a mortgage agreement your folks might be able to loan you some dosh to bridge the gap (though I'd recommend having a bit in reserve).

And worst comes to the worst, you are in your early/mid 20s (guess) even if you lose everything, better now than if you are say in your 50s with one eye on retirement. The younger you are, the more risks you can afford to take.

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JL85 London,SE9 09 Feb 16 6.34pm
Buy now. It'll only ever increase in value (long term) and you just make sure it's the first thing you pay each month. The deposit size only really affects the interest rate your offered and obviously the repayment size.
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JL85

London,SE9 09 Feb 16 6.34pm

Buy now. It'll only ever increase in value (long term) and you just make sure it's the first thing you pay each month. The deposit size only really affects the interest rate your offered and obviously the repayment size.

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Jacey 09 Feb 16 7.11pm
Fortunes can be made from property, that is for sure. With very low interest rates likely to be around for the foreseeable future, I would personally take the plunge and buy asap Icing on the cake is when you sell in the future, any gain is free of tax, seeing as your property is your main residence. Taking a 5/10 year view,it is likely to be one of the best investments you could possibly make. Go for it!!
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Jacey

09 Feb 16 7.11pm

Fortunes can be made from property, that is for sure.
With very low interest rates likely to be around for the foreseeable future, I would personally take the plunge and buy asap

Icing on the cake is when you sell in the future, any gain is free of tax, seeing as your property is your main residence.

Taking a 5/10 year view,it is likely to be one of the best investments you could possibly make.

Go for it!!

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