typical living costs

[a2lt16v]

can anyone give me a rough idea of living costs based in hampshire in a 2 or 3 bedroom house. im really after what im expecting to pay for water electric gas etc on average at a rough guess. im trying to work out what me and my girlfriend will be left with if we buy a house

and i know f**k all might be the answer but it wont really help lol

[Brecon]

Apart from the mortgage repayments,and depending whether or not you are both working, which will affect how much energy you use, you should allow £1 per day for electric, same for gas if you have central heating.
Water allow 40p per day
Council tax depends on location, but expect about £100+ per month
Dont forget the buildings and contents insurance, and do not be forced into having the mortgage lenders policy, there are cheaper around. Cost,dependent on house rebuild cost and contents on what you have, but most do a standard amount of about £35,000, and will cost around £50 per month for both

[cambridge]

our B&C ins with £50K is only £25 a month.... that with no no claims too

[a2lt16v]

i have stuck £900 a month down for mortage costs at moment

and we are both working maybe we could fasten torches to out heads and wear thermal suits

thus saving some engergy

[a2lt16v]

we are both working

so if i said

£100 a month for gas water electric etc
£100 council tax
£50 insurance
£900 mortgage
£450 shopping (not sure on this, Im still a living at home boy lol)

thats 1600 so far

couple of months and the throttle bodies are still reachable ssssssssssssh!!!!!!!!

[lethal]

we are both working

so if i said

£100 a month for gas water electric etc
£100 council tax
£50 insurance
£900 mortgage
£450 shopping (not sure on this, Im still a living at home boy lol)

thats 1600 so far

couple of months and the throttle bodies are still reachable ssssssssssssh!!!!!!!!

Just to point out, if IRs go up to 12%, you will be paying £1,500 a month on the mortgage alone!

[a2lt16v]

then i shall continue to reside at home

if they go up to 12% i think i house price rejig would appear thus reducing mortgages but maybe not

[lethal]

then i shall continue to reside at home

if they go up to 12% i think i house price rejig would appear thus reducing mortgages but maybe not

It doesn't work that if you already have the mortgage of course. You still have to pay for the ammount you initially took out.

The only way to escape that is to get a fixed rate but the banks are canny about not offering them when they can see the rates are climbing.

[foreverwhite]

im gonna mortgage the shop and live in the stock room! PMSL!

[PeteCup]

Our place costs around £1450pm to run with a mortgage of £732pm. The rest is taken up with bills.

Bills not included in that are;

Life insurance (required by our mortgage lender)
SKY TV
Car Insurance's
Anything else car related
Any up keep on the house

[a2lt16v]

so for the time being budgeting 1600 quid is probably a good start as the mortages were coming in at 700 - 900 so i took the worst case

[PeteCup]

By the looks of things, yeah. Sounds like you should be ok.

[draper]

my outgoings are £1200 a month, thats with £330 rent and £300 a month loan, cant even contemplate a mortage at the min, although i was going to rent a unit and have the offices set-up as a living room and bedroom

[CraigGreen]

£450 shopping.. LOL

[cambridge]

i dunno... we spend between £50 and £100 a week on food type stuff depending on how much booze/cleaning products go into the shop (those bits cost the most) so £450 is a good base as it allows to eat nicely lol

[lethal]

i dunno... we spend between £50 and £100 a week on food type stuff depending on how much booze/cleaning products go into the shop (those bits cost the most) so £450 is a good base as it allows to eat nicely lol

I make it on about £50 a month

I'm either very efficient or going to get skinny.

[cambridge]

too skinny

its more fun to spend on food than heating in the winter