?

Log in

No account? Create an account

Well, the break's over, so I've been back to work today. Not the most… - John C. Kirk

Jan. 5th, 2004

10:33 pm

Previous Entry Share Next Entry

Well, the break's over, so I've been back to work today. Not the most productive day I've ever had (I've got used to sleeping until 1pm, so I was a bit bleary-eyed this morning), but I should be back in the routine now.

My main piece of news - I've decided to buy a flat. I'm just in the preliminary stages at the moment, but all advice from people who've been through this before is welcome. The main issue here is that my credit rating is currently pretty good, but will get worse if I do a PhD, or if I get a lower paid research job. In particular, I've noticed that renting agencies generally want a parental guarantee for PhD students (even if you've got proof of grant), which would be problematic for me... So, I think it makes sense to take advantage of my current situation to get a mortgage, then I only have to worry about making the payments later (the equivalent of rent). Another advantage is that I'll have more control, e.g. I can put up shelves or get a pet without needing the landlord's permission.

The main potential downside here is that if I buy a flat round here, I'm limiting myself to job/PhD opportunities in this region; it wouldn't really be practical to commute to Manchester... It's also a bit imposing, since it's quite a large commitment, so I won't be out of debt any time soon (i.e. within the next 25 years). However, I think my PhD opportunities are theoretical at best. I'm currently planning to move to Crawley, since that's within my price range (c. £100,000), and within reach of London and Brighton. Brighton is significant since that's where the University of Sussex is, who do research into Artificial Life. And I think there are enough job opportunities in London to keep me gainfully employed over the next few years, even if I leave PMSI.

I'm looking for a 1 bedroom flat (I've lived in a studio before, and it's not something I'm keen to repeat), and it will hopefully be character building to live on my own for a while. I figure that I'll probably do the move itself sometime around April/May, which will get it out of the way before I have to focus on my project intensively. It also means that I should have my own place by the time I'm 30 (in July), which I think counts as a life achievement. Stay tuned for further updates...

Comments:

[User Picture]
From:easterbunny
Date:January 5th, 2004 03:53 pm (UTC)
(Link)
That's great! Lots of luck to you. Adam and I have a mortgage with Intelligent Finance, and they seem easy to deal with.
(Reply) (Thread)
[User Picture]
From:johnckirk
Date:January 5th, 2004 04:03 pm (UTC)
(Link)
Thanks :) I've mainly been looking at Cheltenham & Gloucester so far (since I've been with Lloyds TSB for about 12 years), but I'm certainly open to other possibilities, and I've seen the adverts on TV for IF.
(Reply) (Parent) (Thread)
[User Picture]
From:elvum
Date:January 6th, 2004 06:25 pm (UTC)
(Link)
Always shop around... banks and building societies only make fat profits because people stay with what they're used to. :-)

Especially shop around when considering the largest single purchase of your life...
(Reply) (Parent) (Thread)
[User Picture]
From:shuripentu
Date:January 7th, 2004 10:27 am (UTC)
(Link)
Will you still be close enough to London to come to climbing and Magic and stuff? *looks hopeful*
(Reply) (Thread)
[User Picture]
From:johnckirk
Date:January 7th, 2004 05:37 pm (UTC)
(Link)
Well, I've pretty much given up on Magic nowadays, but I should still be able to come climbing etc. As long as I'm working/studying in London, I can go on my way home, so that's not a problem.

So, don't worry, you don't get rid of me that easily :)
(Reply) (Parent) (Thread)