How can I ever afford my own house with land?

Well, we did a self cert mortgage for ours, but with the current climate i doubt you will get one.

We have 8 acres 7 stables, a flood lit menage, a half acre garden and a 4 bed cottage on the cheshire/ north wales border.
 
We baught a tiny derelict cottqage in 1998 for 27k, spent every penny and waking moment doing it up, also I was doing a degree, sold house 6 years later for 135k, got 120k mortgage (seemed massive at the time) to buy current house. Semi detached cottage, 3 bed, 2 receptions, 5 stables, barn, feed and tack rooms, 1 1/4 acres, sand school of sorts and 2 acres very close by to rent.

We are now on a combined income of just under 50K, wouldnt be able to afford a property like this anywhere other than Norfolk, why not look this waty of the world, its lovely and quiet, and we dont have webbed feet or eat turnips (thats Lincolnshire and Suffolk
tongue.gif
).

We are on the market for just under 290K - have a look on rightmove postcode NR19 2RN
wink.gif
 
oh and i are nurses so not rich by any standards.we bought a 3 bed cottage with a hugely overgrown garden,couldnt even see the boundary but cleared is half an acre which we built stables on.we are lucky enough to rent 2 acres adjoining our garden and have a gateway through.hoping to buy a small piece at the back for schooling.we never looked specifically for a house with land and a lot of people have done the same.
 
Its luck and destiny. I have worked very hard all of my life but will never, ever get my own place with land (in this country at least). Traditionally people in the past have bought properties, done them up & used the profit to buy something better. However there are very, very few investment properties (particularly with land) left to buy these days. Also, 100% mortgages are not easily avaliable so how can anyone on an average salary ever even save up enough to put a deposit on their first propertry? Particularly those people that are single.

Without luck you get very little out of life no matter how determined you are to get something or how hard working you are. I had to stop working for a couple of years due to ill health and all of the savings I'd painstakingly collected my whole life were gone in the twinkling of an eye. I am alive and well though and that is the main thing. I was just unlucky to become seriously ill but I was very lucky not to die!

I have just had to acept that I am not one of the lucky ones that will ever have horses at home. However I do have LOTS of other fab things in my life so just have to accept its not my luck or destiny re the horses. Or if it was that important maybe I would rob a bank and move to eastern europe and buy a property with land there
 
My husband and I are both on very very small incoms, but we took out an extension our our mortgage initially. We have since changed our mortgage and the land is now paid off. We own five acres with barn/stable.
Finding land with a house is out of many peoples reach, until at least a little later in life if they have a good job.
 
You must log in or register to reply here.
Top