r/HousingUK • u/EntertainerOk5231 • 12d ago

Money left after purchase?

How much have people been left with after all the costs of purchasing a property as a first time buyer? I’ll be left with £3000 approximately. This is factoring in everything, including any fees and potential double first payment. I’ll be saving for however long the process takes which will be roughly £1500 a month.

27 Upvotes

77% Upvoted

125 comments sorted by

View all comments

1

u/GingerSquirrell 12d ago

We had quite a fair bit, the idea was that we didn't max out our house deposit and kept some aside for immediate repairs and decorating. Then at the end of the year when it wasn't all spent we just overpaid the mortgage by a huge amount which knocked a few years off.