To say eldest GD needs to grow up?

Obviously this can’t be real, it seems a made up story, surely no one could really think like this yorkshreQueen surely you can see how awful this comes across
I can’t actually believe you are a real person ?

I think you are all being very cruel and judgemental …..

but YorkshireQueen thats exactly what you are doing towards your elder granddaughter you are blind to your faults

Here we go again:

Just to add though for everyone who is so smug saying they won't be able to afford it. They are going to put all the 80K savings upfront in buying the flat then they will only have a small amount to pay off each month. Completely do-able. They are almost there in terms of buying so shows how wrong you all are.

Wait for the relationship to go pear-shaped when they realise they can’t manage on this low income in London. The deposit is your granddaughter’s - but what will happen when they realise they can’t manage on this? And they won’t be able to - it’s a very low joint salary though you seem to think it’s a king’s ransom. Your granddaughter stands to lose a lot of money but you seem unable to understand that. Far from congratulating her, I would be extremely worried,

They can pay most of the flat upfront with that money. This means they only have a small amount to pay each month. Why on earth would I be worried?I am thrilled for them and shows how wrong everyone here was.

mr Google says,
The average one-bedroom flat in Greater London peaked at £327,000 in 2020, falling in 2021 and again in 2022, before rising slightly to £289,300 today.

how can 80K pay most of it upfront ??

Is the flat in London? Is it habitable or does it need work? From what I've seen the very minimum for a flat in London would be around £220,000. I live in a city where prices are almost comparable.

This would leave them with a £140,000 mortgage which is considered small by today's standards but three times their combined salary would not be sufficient and £80,000 is not half the purchase price.

How much is the flat costing?

£80k paying for ‘most of the flat’ sounds singularly unlikely in London.

YorkshireQueen

They can pay most of the flat upfront with that money. This means they only have a small amount to pay each month. Why on earth would I be worried?I am thrilled for them and shows how wrong everyone here was.

Please explain those numbers to me. Granted I live way out in an inexpensive area, however I think you may have your sums wrong.

Sounds like Diane Abbott maths to me.

Germanshepherdsmum

Sounds like Diane Abbott maths to me.

Germanshepherdsmum

£80k paying for ‘most of the flat’ sounds singularly unlikely in London.

Perhaps there is another London somewhere else!!

The only thing I can think of, if true, is 80k deposit is on one of those part buy part rent places, and then because they are on low wages they can clim for help with there rent via UC.

OP you are still carping on about the second Grandchild when the 1st one is the hardworking honourable one.

Claim not clim.

190K 1 bedroom flat . We live near London, still in the expensive area but do able. As is seen here.

How did your youngest granddaughter managed to save £80k on a salary of £9k? Did she claimed Universal credit or some other benefits to top up her low income?

I really can’t believe this YorkshireQueen you sound about as unfeeling as anyone I ve come across on here and yes very very mean You come across as hard hearted and biased
I don’t blame her for not coming out her room I hope she can perhaps find another lady to house share with and get her away from her biased family and the worst part is you think you’re right
Poor lady

SporeRB

How did your youngest granddaughter managed to save £80k on a salary of £9k? Did she claimed Universal credit or some other benefits to top up her low income?

She wouldn't have paid any NI. Apparently no outgoings.

I love how everyone is skipping over the part where I gave the price of the property (Therefore, proof that it is do able) and everyone starts raking back over savings and what not. Trying to save face.
Funny.
Really am finished here now.

I think you ‘should’ finish and finish giving your eldest grandaughter such a hard time
Unbelievable

YorkshireQueen

I love how everyone is skipping over the part where I gave the price of the property (Therefore, proof that it is do able) and everyone starts raking back over savings and what not. Trying to save face.
Funny.
Really am finished here now.

Totally deluded. Price of flat 190k, 80k put down. £110k mortgage. Nearly 5 times their joint salary
How will they paid all the council tax ,utility bills and afford to eat.
I asked before are they part renting, if so they may get some help from UC for this, but you do not want to answer the question.
Bluebelle said you are hard hearted. I just think you are stupid and not seeing the wider picture, but your 1st Grandaughter does that's why she avoids you.

👏👏👏

I’m wondering if this is a shared-ownership leasehold property? It seems a fairly low purchase price.

Anyway, the main point of your post, YorkshireQueen is to tell us about your older GD, who I admire for all the qualities you’ve described, but which sadly don’t seem to be valued by you or by her immediate family.

I hope things go well for your younger GD, too, but your older Granddaughter has reason to feel upset and unappreciated. She deserves happiness and success in her life and I hope she achieves both in abundance.

YorkshireQueen, you asked AIBU, and we gave you our answers, which you obviously don't agree with, and you aren't prepared to change the way you think, or to change your attitude towards your eldest GD. That is your choice.

On paper, paying £80K deposit, on a £190K property, leaving £110K mortgage, the monthly repayments probably are doable with their joint income. However, once the bills start coming in, which your YGD has never had to pay or budget for in her whole life, it may be a very different matter. Not only with the monthly utility bills, but all the other outgoings that homeowners have to pay for ... Solicitor's fees, surveyor's fees, buildings insurance, house contents insurance, the costs of buying furnishings/carpets/curtains/etc., weekly food/household bills, occasional repair costs when something breaks (washing machine/tv/etc.), which can really put a dent in your monthly budget if you don't already have money put aside for these things. TV license, internet, mobile phone, clothing costs. Do either of them own a car? ... Petrol costs, services and MOT costs, repair bills, tax, insurance, etc. If they don't run a car, then there's still travel expenses to/from work everyday. Do they plan to ever go out/socialise at weekends for drinks/meals? Do they ever plan to go on any holidays?

I'd be worried that after the initial euphoria of buying their first home together, they may find themselves in financial difficulties, unless they have sat down and seriously (and honestly!), worked out all of their figures to include all of the above (and probably more - there's always more!).

Far from being excited for your YGD, I'd be telling her to be very cautious, and to make sure they know exactly what they are getting themselves into.

Maybe your older GD, being the sensible, grown up one, who pays her way, can see how this might all end up for her younger sister, who it seems has never had the responsibility of having to pay her way, or budget for anything. It seems she has simply flounced through life, saving all her salary, scrounging off both her parents and her sister, to enable her to save a little nest egg so she can now jointly buy a property with her boyfriend. Who, it seems, she will be scrounging off for the foreseeable future.