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I’m Finally Buying My Own Home!

January 12, 2017 by

After the absolute disaster that was 2016, I’m pleased to say that this year couldn’t have gotten off to a better start. Last week I put an offer on a new build apartment in south Manchester and it was accepted!

Frustratingly, the development (which will include several houses and a small block of apartments) hasn’t been built yet, so I’ve got a 6 – 8 month wait before I can actually look at moving in. It feels so far away! To make myself feel better, I’ve created a home decor board on Pinterest and have started stalking Apartment Therapy’s Instagram account several times a day.

Thankfully, the long wait brings with it some huge positives. Since I don’t have to pay my deposit in full until nearer the time, this gives me several months to continue building my down payment. I’m keen to put down as much as possible so that I can borrow less money and reduce my mortgage repayments. I can also save more money in my Help to Buy ISA and benefit from a larger government contribution than if I was to move in quickly.

Going through the home buying process right now is really surreal. When I moved into a rented flat in May, I postponed my home owning dreams and decided to rent for a few years. I wanted to wait until my then-boyfriend had saved a deposit of his own so that we could buy a house together. So when we split up in October and my parents suggested I go ahead and buy a place myself, it all felt really scary and sudden.

Becoming A Home Owner In My Twenties

After several weeks of moping around, my parents dragged me to our local estate agents and we finally started the property hunt. I was reluctant at first because I didn’t think my credit rating would be good enough for me to get a mortgage. Luckily, after chatting to a broker about my finances, he reassured me that I was actually in a pretty decent position.

I couldn’t believe it when he showed me my mortgage agreement from the bank. I was just sat there thinking: “Wow. I guess this is really happening!”

The fact that I’m finally on my way to becoming a homeowner hasn’t quite sunk in yet. I think it’s because contracts haven’t yet been exchanged and I’ve not actually stepped foot in the place I’m going to be calling home. Every few days I take Molly for a walk to the plot where my apartment’s going to be built and my heart sinks when I see that it’s not been started yet. Once work’s begun, my excitement will probably shoot through the roof. It’ll be so nice to watch the place being built, knowing everything is going to be brand new and ‘just for me’.

Yesterday I received a nice little treat in the post. Custom Cookie Company sent me a gorgeous box of personalised cookies to say congratulations for making such a huge step on my home ownership journey! In the picture below, you might notice that the roof of the house is a little blurry and that’s because I dropped the house. That’s right. I dropped and broke my beautiful yellow house and tried to fix the damage with a photo editing app on my phone. I hope this isn’t some kind of home owning omen and a sign of things to come. If I can’t even take care of a biscuit house, what the hell am I going to be like when I own a real one?!

I’d already broken the roof, so the most logical thing to do next was take a big bite out of it. Since my apartment is a work in progress and hasn’t been built yet, it just made sense.

Sometimes you've just gotta get stuck in

If you’re looking for a cute and quirky gift for someone special, give Custom Cookie Company a visit. They have so many adorable personalised cookies on their website, but if you’re after something 100% unique, they’re really flexible and willing to design something especially.

Over the next few weeks I’ll be writing plenty of blog posts diarising the home buying process and so if you have any questions, don’t hesitate to ask in the comments below!

Want help improving your finances? Join my free Money Mess To Financial Success group to chat to likeminded savers!

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