Guest Posted October 8, 2020 Share Posted October 8, 2020 Hello, relative newcomer to this website, hope I have picked the right forum for this topic. Around a year or so back, I came to the conclusion that my future lay north of the border, and started making tentative plans for relocating, with a summer 2020 date in mind. Then a relative's hospitalisation and eventual move into residential care got in the way, and we shall speak no more of lockdowns........ I am still looking to move and am focussing on Ayrshire in particular, but with the uncertainty over employment and the economy as a whole, am looking at options to avoid mortgages. A joint-purchase, with one or two others who, like me, have saved a decent amount for a deposit, might be one way around this. I'm aware of the pitfalls of such an arrangement but short of waiting the whole Covid/recession thing out - which could take years - I am considering this as a serious option. Any thoughts, suggestions? 0 Quote Link to comment Share on other sites More sharing options...
invergowrie arab Posted October 8, 2020 Share Posted October 8, 2020 1 minute ago, IncomingExile said: Hello, relative newcomer to this website, hope I have picked the right forum for this topic. Around a year or so back, I came to the conclusion that my future lay north of the border, and started making tentative plans for relocating, with a summer 2020 date in mind. Then a relative's hospitalisation and eventual move into residential care got in the way, and we shall speak no more of lockdowns........ I am still looking to move and am focussing on Ayrshire in particular, but with the uncertainty over employment and the economy as a whole, am looking at options to avoid mortgages. A joint-purchase, with one or two others who, like me, have saved a decent amount for a deposit, might be one way around this. I'm aware of the pitfalls of such an arrangement but short of waiting the whole Covid/recession thing out - which could take years - I am considering this as a serious option. Any thoughts, suggestions? The chances of more than one person moving willingly to Ayrshire seem vanishingly slim. Anyway good luck with the scam, sorry, venture 9 Quote Link to comment Share on other sites More sharing options...
Derry Alli Posted October 8, 2020 Share Posted October 8, 2020 If you're interested in cuckooing, it's a terrific idea. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted October 8, 2020 Share Posted October 8, 2020 You should move to Invergowrie. This suggestion was auto corrected to Invergorden! -1 Quote Link to comment Share on other sites More sharing options...
Guest Posted October 9, 2020 Share Posted October 9, 2020 Scam, Arab? I guess you've not heard of Joint Mortgages, 'Tenants in Common' legal contracts and the like. Perhaps it's more of 'a London thing' to be fair. Definitely not my preferred solution to the problem but I'll leave it out there. Buying a property outright with a third party, maybe building/converting an annex is better than being in hock to a bank at the moment.......... 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted October 9, 2020 Share Posted October 9, 2020 Hi, I'm a strange man from far away. Anyone want to live with me in Saltcoats? 6 Quote Link to comment Share on other sites More sharing options...
Genuine Hibs Fan Posted October 9, 2020 Share Posted October 9, 2020 5 minutes ago, Sergeant Wilson said: Hi, I'm a strange man from far away. Anyone want to live with me in Saltcoats? And live in a house where every meal comes with chips? No thanks 0 Quote Link to comment Share on other sites More sharing options...
Boghead ranter Posted October 9, 2020 Share Posted October 9, 2020 Read the Infuriating Things Your Partner Does thread before considering this. Everything in there will be even more pronounced with a flatmate as opposed to a partner. And if you're tied into a mortgage, it'll be really complicated to escape from. 1 Quote Link to comment Share on other sites More sharing options...
8MileBU Posted October 9, 2020 Share Posted October 9, 2020 (edited) 18 minutes ago, Sergeant Wilson said: Hi, I'm a strange man from far away. Anyone want to live with me in Saltcoats? Is this you advertising for a security/bodyguard? Edited October 9, 2020 by 8MileBU 0 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted October 9, 2020 Share Posted October 9, 2020 He will end up moving in with Marvin in Onthank. 2 Quote Link to comment Share on other sites More sharing options...
Arabdownunder Posted October 9, 2020 Share Posted October 9, 2020 Kilmarnock, Ayr United or the juniors? Whichever you pick will limit your choice of housemates. 0 Quote Link to comment Share on other sites More sharing options...
Shandon Par Posted October 9, 2020 Share Posted October 9, 2020 22 hours ago, IncomingExile said: Hello, relative newcomer to this website, hope I have picked the right forum for this topic. Around a year or so back, I came to the conclusion that my future lay north of the border, and started making tentative plans for relocating, with a summer 2020 date in mind. Then a relative's hospitalisation and eventual move into residential care got in the way, and we shall speak no more of lockdowns........ I am still looking to move and am focussing on Ayrshire in particular, but with the uncertainty over employment and the economy as a whole, am looking at options to avoid mortgages. A joint-purchase, with one or two others who, like me, have saved a decent amount for a deposit, might be one way around this. I'm aware of the pitfalls of such an arrangement but short of waiting the whole Covid/recession thing out - which could take years - I am considering this as a serious option. Any thoughts, suggestions? Have you considered Perthshire instead? 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted October 7, 2022 Share Posted October 7, 2022 (edited) Just realised it's two years tomorrow since I posted this. And I thought 'it was better than being in hock to a bank' way back then....... Edited October 7, 2022 by IncomingExile 0 Quote Link to comment Share on other sites More sharing options...
supermik Posted October 7, 2022 Share Posted October 7, 2022 Been a prolific 2 years for you. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted October 7, 2022 Share Posted October 7, 2022 25 minutes ago, IncomingExile said: Just realised it's two years tomorrow since I posted this,. And I thought 'it was better than being in hock to a bank' way back then....... If you're serious about this, there are deals you can do with housing associations where you can part buy/part rent, and gradually build up your ownership share. Probably best to wait for rising interest rates to hammer property prices though, obviously. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted October 8, 2022 Share Posted October 8, 2022 Can't see how the OP can have a sizeable deposit and yet be unable to afford to buy a house in Ayrshire. You can pick up a 2 bed flat in Largs for £20k 0 Quote Link to comment Share on other sites More sharing options...
EvilScotsman Posted October 8, 2022 Share Posted October 8, 2022 26 minutes ago, strichener said: buy a house pick up a 2 bed flat I think I see the error here. 0 Quote Link to comment Share on other sites More sharing options...
Newbornbairn Posted October 8, 2022 Share Posted October 8, 2022 27 minutes ago, strichener said: Can't see how the OP can have a sizeable deposit and yet be unable to afford to buy a house in Ayrshire. You can pick up a 2 bed flat in Largs for £20k But then you'd be stuck with a 2 bed flat in Largs. 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted October 8, 2022 Share Posted October 8, 2022 14 minutes ago, Newbornbairn said: But then you'd be stuck with a 2 bed flat in Largs. https://www.rightmove.co.uk/properties/127669418#/?channel=RES_BUY Like this wee doer upper? 0 Quote Link to comment Share on other sites More sharing options...
hk blues Posted October 8, 2022 Share Posted October 8, 2022 4 minutes ago, oaksoft said: That is one flat and it's riddled with mould and damp. What do you expect for 20 grand? Just needs a lick of paint IMO. 0 Quote Link to comment Share on other sites More sharing options...
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