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First time homebuyers -
| Profile | Posted by | Options | Post Date |
|---|---|---|---|
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Unknown | Report | 28 Jan 2006 17:55 |
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From the BBC website: The average person now needs a deposit of almost £24,000 and is aged 33 when they buy their first home. |
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Unknown | Report | 28 Jan 2006 17:56 |
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Well, I was 34 when I bought my first home with my husband, and our deposit was £4,000. |
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SheilaSomerset | Report | 28 Jan 2006 18:15 |
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That's more than my first flat cost!! Think I paid £18,950, with a small deposit (I was 24). |
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Researching: |
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Unknown | Report | 28 Jan 2006 18:18 |
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Our mortgage shortfall from an endowment mortgage would buy my in-laws first home many times over. |
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*ღ*Dee in Bexleyheath*ღ* | Report | 28 Jan 2006 18:26 |
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My first home cost £6,000 in 1972. Now my 26 year old son who has managed to save £15,000 still can't get a big enough mortgage to buy anything here in the south east. Dee x |
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Mags | Report | 28 Jan 2006 18:32 |
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One of the contributing factors to my son emigrating. Getting on the property ladder here was almost unattainable. How people manage with hefty mortgages I don't know either...and some women get harangued for not stopping work when they start a family? I shouldn't think many of them have a choice. Our first house was £8,500 with a 100% mortgage and we did struggle but at least I had the luxury of staying home with my children. Mags xx |
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Howie | Report | 28 Jan 2006 18:40 |
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Helen I was talking about this today with my granduaghter and my first house was £2150 a morgatge of £19 a month that was One and half weeks wages I feel so sorry for the youngsters today I dint know how they manage it Howardxxx |
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Margaret | Report | 28 Jan 2006 21:54 |
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My first home was a maisonette and cost £2,100 in 1966 - £13.00 a month mortgage repayments. I was seperated with a small child and my uncle stood 'guarantor' for me, as it was most unusual for a woman on her own to be granted a mortgage back then. |
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Michelle | Report | 28 Jan 2006 22:23 |
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My 21 year old daughter will be moving into her first home in the next week or so and she has saved hard for three years to build up enough for a deposit. M. |
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Unknown | Report | 28 Jan 2006 22:24 |
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I was 27 when Sharon and I bought our first house and the deposit was paid by the house builder... |
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Haribo | Report | 28 Jan 2006 22:38 |
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Our first home (2 bed flat South London) was £24.000 in 1983. We put down a £2000 deposit.........It's all relative though, i remember having to make a lot of sacrifices to save up the deposit. |
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Is it a bird? is it a plane? | Report | 28 Jan 2006 22:42 |
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So I was wrong when I said earlier today I wouldn't be buying a house for 10 years... more like 11 at least! |
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