Feel like we'll never get back on the 'ladder'

boltonangel

Hi

In 2007 we sold our house and used the equity to repay debts we had. We then moved into works accomodation. Whilst this is very cheap and in a lovely pituresque location it is far from family and means we're never away from work when problems arise.

We are basically looking to get back on the property ladder so that we can leave the industry we're in and have more options.

We don't have any deposit though and don't anticipate having one untill 2011 when our sharesave matures at around £9k, so even that won't go towards much.

Are there ANY 100% mtges still out there?
I understand the downside of them, but was just wondering.

thanks

beecher

No, no chance of getting one. Since the accommodation you're in is cheap, and you've cleared your debts surely money has been freed up which would allow you to rent?

boltonangel

yeah, we just wanted to buy so that we could work towards owning rather than 'throwing' away money. I think we'll just have to stay put for a few years and save,save,save!