{"id":112633,"date":"2019-11-25T14:00:46","date_gmt":"2019-11-25T07:00:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-renting-in-london-should-i-try-to-buy-now-or-wait\/"},"modified":"2019-11-25T14:21:59","modified_gmt":"2019-11-25T07:21:59","slug":"im-renting-in-london-should-i-try-to-buy-now-or-wait","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-renting-in-london-should-i-try-to-buy-now-or-wait\/","title":{"rendered":"I'm renting in London \u2013 should I try to buy now or wait?"},"content":{"rendered":"


\nI\u2019m saving for a deposit and wondering if I should leave it a few years until I can build up more Q I rent in London and I\u2019m on a yearly wage of \u00a328,000. When I have saved enough to put down a deposit on a property (ironically I can save more in London as I have very cheap rent) I would like to move out of London and buy a home in Norfolk. My prospective wages in Norfolk would be \u00a326,000 and I would like to buy a flat for around \u00a380,000 to \u00a3100,000. I can\u2019t work out the logistics. Do I buy now with a deposit of \u00a310,000 or wait until I have a larger deposit of \u00a320,000? And do I get a mortgage based on my current wages or my prospective wages?I understand that mortgage lenders prefer that you\u2019ve been in the same job for a couple of years, so should I relocate now and work in Norfolk (and rent) for a couple of years? Or does the fact that I\u2019ve been in my current job in London for four years show that I\u2019m a good bet? RH Continue reading…
\n
\nSource : theguardian.com
\nRead more…I’m renting in London \u2013 should I try to buy now or wait?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I\u2019m saving for a deposit and wondering if I should leave it a few years...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-112633","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tiF","jetpack-related-posts":[{"id":114654,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-cant-afford-a-flat-in-london-even-though-ive-saved-a-deposit\/","url_meta":{"origin":112633,"position":0},"title":"I can't afford a flat in London even though I've saved a deposit","date":"March 2, 2020","format":false,"excerpt":"\r I\u2019ve lived in Wanstead all my life and my hopes were raised by an \u2018affordable\u2019 developmentQ Since graduation from art college in 2009, I\u2019ve been able to live at home rent free so despite being on a lowish salary of \u00a320,000 as a trainee teaching assistant, I have managed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-want-to-rent-out-our-manchester-house-when-we-move-but-what-are-the-tax-implications\/","url_meta":{"origin":112633,"position":1},"title":"We want to rent out our Manchester house when we move but what are the tax implications?","date":"May 1, 2023","format":false,"excerpt":"\r I have a new job in London, although we cannot afford to buy a property thereQ My partner and I currently own a property in Manchester. We purchased the house in 2018 and the value has risen from \u00a3150,000 to \u00a3200,000. I have been offered a job in London\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78963,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-delay-buying-my-first-home-because-of-brexit\/","url_meta":{"origin":112633,"position":2},"title":"Should I delay buying my first home because of Brexit?","date":"February 5, 2018","format":false,"excerpt":"\r I\u2019ve got a deposit and am excited about buying \u2013 but friends tell me to wait in case prices fall Q My husband and I are finally in a position to buy our first home after many years of saving for a deposit. However, both family members and friends\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131829,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-we-release-some-money-tied-up-in-our-current-home-to-use-as-a-deposit-on-a-new-one\/","url_meta":{"origin":112633,"position":3},"title":"Can we release some money tied up in our current home to use as a deposit on a new one?","date":"November 28, 2022","format":false,"excerpt":"\r My wife and I would live in the second property and rent out the other to my sister and her sonQ My wife and I would like to buy a second home to live in while renting out our current property. My sister is in dire straits and desperately\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172212,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/revealed-the-top-10-uk-cities-for-first-time-buyers\/","url_meta":{"origin":112633,"position":4},"title":"Revealed: the top 10 UK cities for first-time buyers","date":"July 18, 2026","format":false,"excerpt":"\r Vibrant areas for young workers who plan to rent while saving for a deposit and then get on the property ladderThe new 100% mortgages for first-time buyersThe common property rite of passage for graduates and career-focused first jobbers has changed over the past decade. Many careers used to start\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-cant-afford-a-london-flat-but-should-i-buy-elsewhere-and-rent-it-out\/","url_meta":{"origin":112633,"position":5},"title":"I can\u2019t afford a London flat but should I buy elsewhere and rent it out?","date":"May 9, 2022","format":false,"excerpt":"\r I am about to finish university, am due to start earning \u00a330,000 from September and could live at homeQ I\u2019m in my early 20s and just about to finish university. Through university scholarships and working, I have been able to save about \u00a320,000.I want to buy a property once\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112633"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=112633"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112633\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}