 | Home > Expedition & Overland > Overland Costs - How much do I need? |
 
|
|
|
| K9F Member Since: 12 Nov 2009 Location: Bournemouth Posts: 9610   
|
Nothing to do with Overland but with reference to your posts......so 'sort of' on topic perhaps?
I'm with Brendan and Spookytooth on this one..... 
What happens if you survive and you actually do manage to find your way back to your parents home? What then? Have you considered a shared equity scheme for housing? My daughter who is 23 had the same difficulties as yourself with affordability on the south coast. She has just purchased a 40% share in a new flat complex 400 metres from the beach. It is a spacious single bedroom property and it is a start. By taking her mortgage term over 40 years and the fact the rental liability for the 60% she doesn't own is £129 per month it works out considerably cheaper than renting an equivalent property in the same area. Invariably there was a suitability interview but that was purely to ensure affordability and suitability nothing related to what her career path is. Deposit was 15% of her share value. As stated it is a start and affords her the opportunity to continue saving whilst 'owning' and after maybe a couple of years either a profit can be made and she can move on with a larger deposit, or, she can purchase a larger share. We naturally helped her out but I am a great believer of 'You should give your children enough money to do something! Not enough to do nothing!" Maybe your parents would be more willing to contribute to this 'Crowdfunding Scheme' to get shot or even as an investment themselves perhaps? Remember...'Charity begins at home' even if you don't own it yet. If you go through life with your head in the sand....all people will see is an ar5e!! Treat every day as if it is your last....one day you will be right!! |
||
11th May 2015 9:42am |
|
| shaggydog Member Since: 12 Aug 2012 Location: Kent Posts: 3347 
|
Thanks for all the comments guys.
It is true I do need to do more research and reading up on this - it was never going to be a split second lets go decision, perhaps I worded it badly I don't know. But it is something I definitely want to do. It is clear to me that this is definitely something for later life once we have saved up a lot more. I have been looking very seriously at buying a house or a flat, me and the girlfriend need to sit down and work out what it is we want. We don't want to be living at home but circumstances have dictated that is where we are right now. Its not unusual these days, especially in Kent when the rent and house prices are astronomical compared to the rest of the UK apart from possibly London. We need to look again at housing schemes, when we looked in October we went to a Specialist in Tunbridge Wells and sat down and worked out all our costs and even on 40:60 share we would not be able to afford it with the deposit we had then. Now things may have improved so its worth looking at again. Spookytooth I think your quite right. I need to work out a direction in my life and what ultimately my end goal is. I know I don't want to live my whole life in the UK and want to move to other places but that is very much a later in life thing. Thanks for the thoughts and comments Running Restoration Thread http://www.defender2.net/forum/post323197.html#323197 Self confessed mileage hunter  |
||
|
11th May 2015 12:16pm |
|
| K9F Member Since: 12 Nov 2009 Location: Bournemouth Posts: 9610
|
There are very few mortgage providers that currently deal in 'shared equity' Leeds and Halifax are the main two. It costs nothing to go and speak to either and 'sound them out.' Deposit needs to be more than usual but as stated it is worked out as a percentage of the portion you intend to buy. Invariably any other debts/loans will need to be cleared. Many developers are beginning to offer this type of scheme as it has investment potential for all parties. You need to strike quick as demand for these is naturally high. The company providing the scheme also manage the property in which most of which the flats that have been bought are without the shared equity scheme.
Have fired off a 'pm.' If you go through life with your head in the sand....all people will see is an ar5e!!
Treat every day as if it is your last....one day you will be right!! |
||
|
11th May 2015 12:33pm |
|
| wyvern Member Since: 13 Dec 2009 Location: Cornwall Posts: 2117 
|
K9F said ....' 'There are very few mortgage providers that currently deal in 'shared equity' Leeds and Halifax are the main two.''
Wow ... I didn't know Benden had such a large business scope .....  Poppy - TDCI (Puma) 110XS 2.2 - Camper conversion - see the build here - https://www.defender2.net/forum/topic56530.html
Elgar -TDCI(Puma) 110XS Dormobile - now sold Devon & Cornwall 4x4 Response - DC126  |
||
|
11th May 2015 2:32pm |
|
| Pam W Member Since: 25 Oct 2011 Location: North Yorkshire Posts: 1169  
|
While you are still under 30 why not take the opportunity to go traveling in countries that offer a young persons working visa - like Australia. You would still need to spend about £6k of your savings on airfares, pack packers insurance, and about a months worth of living expenses to get you started. Look for work before you go or travel first and pick up work on the way. Factor in buying a car (there are some dealers who specialise in backpacker car sales with a buy-back option) and see where you go from there. You may even decide to apply for a full visa later on if you like it. Beware though, Australia is no longer a cheap cost of living option - it is about the same as here (apart from petrol being cheaper) and living in the big cities where the majority of well paid jobs are, can be very pricey.
As for overlanding there - the carnet alone is now nearly £2500 from the RAC - you can no longer get a bank bond for £200 as Brendan previously suggested, you now can ONLY buy the bond from the RAC direct. You do get just less than half back when the vehicle returns to the UK, but obviously it is an up front cost to budget for. We shipped our 90 to Oz in 2014 and it cost £9300 for both ways, including customs both ends and other fixed costs. We used a specialist shipping agent to get a personalised service (our trip was time critical and we didn't want any of problems) so we probably paid about £2k more than if we had gone with a general shipper. Costs in Oz depend on how much free camping you can manage to do, how many miles you travel, what you eat and if you do any other extras like diving, boat trips, etc. If you want to read about our trip - including the prep etc, check out our blog in the link in my sig below. Our blog - http://landytravels.com/ Yorkshire Off Road Club - http://www.yorkshireoffroadclub.net |
||
|
11th May 2015 3:27pm |
|
| newhue Member Since: 28 Apr 2014 Location: Brisbane Posts: 351 
|
In the great words of Obi One....patients Judi.
Life is short but it's also long. The cash cows of the world have made us all 'want it now" in what qualities we feel like. You just pay this little % and we are all happy. The internal struggle of freedom and youth V the perceived fading away and being trapped by age or debt is something we all feel, fear, or just work with. I think it's good Shaggy have been brave enough to expose yourself and chuck it out there to be kicked around by us all. Pam's idea is not a bad one, hey even come and live here. You will probably more useful than many of the immigrants they let in. But to travel we work in $1000 AU per week. Thats fuel, food, accommodation which are the big cost in that order, plus a little fat for things like the occasional cabin, chips, ice creams. But mostly that's self cooking and camping for 2 adults and 2 kids. That's also an on the move trip of 8000km in 6 weeks. It was the same for a 6000 for 6 weeks we did, and most my mates run similar costs with kids. I'm sure my wife and I could trim that to 500 to 750 if soloing. Fuel and distances are great down here. But if you sit obviously they go down. By the way, 12 months is a fast lap. I work on seeing almost half of Aus well in 12 months. You could by a reliable Jap 4cyl twin cab with some fruit for 7 to 12K. Expect 10 to 13lt/100 pending how you drive it. It will go across the desert, to the Cape, Fraser Island, or most places you point it if not overly hard core. A shovel, snatch strap, and a smile will see you get yourself out of 99% of bogged situations. My Defender and travels |
||
|
11th May 2015 8:47pm |
|
| shaggydog Member Since: 12 Aug 2012 Location: Kent Posts: 3347
|
Thanks again guys.
I need to do more research and have a proper think on it. I will have a good read through your blog Pam and all the other suggestions on here and hopefully will be able to form some sort of plan - but don't expect one soon  Running Restoration Thread http://www.defender2.net/forum/post323197.html#323197
Self confessed mileage hunter |
||
|
11th May 2015 8:48pm |
|
| Pam W Member Since: 25 Oct 2011 Location: North Yorkshire Posts: 1169
|
Just had a quick look back at the budget I did for our trip last year.
For a 4 month trip, in our own vehicle, I worked out a budget of around GBP £16500 for all the "in Australia" costs. This included fuel, camp site fees, food, excursions, Compulsory 3rd Party Insurance (and other State-specific road permits), a few hotel nights, mobile phone sims and call costs (local sims, dead cheap compared to UK!), parts and servicing for the Land Rover, plus a bit of unallocated contingency money. So call it £4K per month. In the end we spent about £14,000 I think, as we had money left over when we got back. It can of course be done cheaper, if you eat our less, free camp more, do less miles, etc, and of course if you can get a work visa to help! We are too old to get any type of work visa for Oz, so we chose to save up, get a sabbatical from work and just go for it! As they say - you can't take it with you! We also had to save up the money for expenses back home too - mortgage, bills, council tax, car insurances due while we were away, etc. And while away we were not earning of course. Whatever, you decide, good luck and have fun but plan well and take your time! Our blog - http://landytravels.com/ Yorkshire Off Road Club - http://www.yorkshireoffroadclub.net |
||
|
12th May 2015 5:39pm |
|
| shaggydog Member Since: 12 Aug 2012 Location: Kent Posts: 3347
|
Thank you Pam - its nice to see some figures put into context!
Sounds like I will have to do some saving up but for now it is still on the cards, I'm just holding them up my sleeve. Thank you everyone once again  Running Restoration Thread http://www.defender2.net/forum/post323197.html#323197
Self confessed mileage hunter |
||
|
12th May 2015 9:17pm |
|
| leeds Member Since: 28 Dec 2009 Location: West Yorkshire Posts: 8582
|
It is very important to do UP TO DATE research. Things can change. I was not aware about the change in Carnet requirements. Also important to get LOCAL up to date information as well. It is important to talk to locals. Someone in the UK might rave around a route they did last year, but has a bridge been washed away last winter, has local authority put a ban on that route?
In one 8 month trip around Australia I covered 25,000miles or about 100 miles a day That means a lot of diesel each day. Total cost was about £25,000 but that included £6,000 of flights meeting up with Barbara in Singapore, every half term. Financial management is important for a long trip Do your research, do your planning and decide what is right for you to do. Brendan |
||
|
12th May 2015 9:52pm |
|
| Flyingfocrs Member Since: 12 Jan 2015 Location: Deepest darkest Aberdeenshire Posts: 155  
|
Some boring but useful info. I should say it is based on my experiences working abroad but is still relevant.
Something else to consider is vaccinations, many countries especially in Africa insist you have a yellow fever vaccination and you must carry and show your vaccination card at immigration, no card even if you have been vaccinated they will take you to one side charge you a fee and vaccinate you there and then. Malaria you'll need to budget for medicine, the most common one is Malarone, to be taken before you travel, everyday and then for two weeks after leaving the malaria hotspot. Budget £100 a month each for Malarone. Malarone is a very nasty drug with some very serious side effects but then Malaria isn't exactly nice either. Visas - depending on the country these can be cheap and simple or expensive and a nightmare. I have two passports, submit one for visa and keep other one, then if anything goes wrong i can still get out of the country. I'm also lucky to have a Seamans book as well which can get me out of a country in an emergency. Some countries you can get the visa in advance others you get it on arrival but may have to spend a day at least queueing up in some ramshackle building with no food or water just for an official to look at documents and stamp your passport. Tourist visas probably won't be so bad but some African countries require a visa even as a tourist. Do your research and make sure you have more copies of any documents required than you actually need. It's also a good idea to have back up copies of everything on a memory stick, but you will have to print them before you need them, they won't allow you to print them at the visa office. |
||
|
12th May 2015 10:01pm |
|
| shaggydog Member Since: 12 Aug 2012 Location: Kent Posts: 3347
|
Flyingfocrs - Thank you. Its usually the boring information which is the most vital!
Brendan - Thanks again. I think for now its on hold for at least a year to build up funds and work out what I'm doing and what I want by which time lots can change so we shall see! Running Restoration Thread http://www.defender2.net/forum/post323197.html#323197 Self confessed mileage hunter |
||
|
12th May 2015 10:26pm |
|
| leeds Member Since: 28 Dec 2009 Location: West Yorkshire Posts: 8582
|
Our business interests does extend beyond Leeds and Halifax
You could always throw Sheffield into the pot as well 
A long story. Going back to main thread. Vaccinations? If you need vaccinations then if you have to go private then that can quickly add up to a few hundred quid. Some local GP's will provide certain vaccinations free on the NHS, others will not. So check beforehand. Yes postcode lottery. You can get the vaccinations abroad cheaper, however check beforehand about costs and check out on the vaccination supplier abroad before you get there. Brendan |
||
|
13th May 2015 9:19am |
|
| AndyS Member Since: 18 Aug 2012 Location: London Posts: 595 
|
Me and the Mrs spent eight weeks driving around NZ in a rental car, staying in B&B's and sometimes hotels. Trip cost about £10k, I'd guess, including getting there. But my point is, eight weeks was well and truly enough time for us to be travelling. Even for me who is very 'out doorsy' with no family or ties to anything (other than the Mrs but she was with me). I started to miss GB and all the things we take for granted. But until I'd done it I didn't know I'd be affected that way so I'd suggest you do a few longish trips before you consider doing a real biggie. Have a look in the back of Land Rover International, there are companies that organise driving tours, maybe have a tester trip to somewhere with a different culture, like Morocco maybe. I didn't see how long your Switzerland trip was but things start to get a bit gnarly once you go through a few weeks. Best to make sure you're OK with it on a tester trip.
It doesn't have to be all or nothing, you could go down the regular route of a house and kids and still have long trips. Three week summer holiday driving across Europe is a long time to be out and about. You might even find you get to middle age, like me, have paid the house up and feel totally ready for an adventure. I'm drawing up a trip to last a couple of months to go from Morocco to Istanbul, through Spain, across the Alps then down to Turkey. Three continents in a few weeks. Now the Mrs has found a full time job we'll save like mad and hopefully get away soonish. Maybe. |
||
|
13th May 2015 12:33pm |
|
|
|
| All times are GMT |
< Previous Topic | Next Topic > |
Posting Rules
|
Site Copyright © 2006-2024 Futuranet Ltd & Martin Lewis
