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what age??

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Comments

  • sammi22
    sammi22 Posts: 28 Forumite
    Tenth Anniversary Combo Breaker
    I was 18, boyfriend 19 :) Boyfriends parents put their names as guarantors on the mortgage and kindly loaned us enough to make up the deposit. Got one of the very last tracker mortgages too so it's dead cheap at the moment!
  • keith969
    keith969 Posts: 1,575 Forumite
    Part of the Furniture
    I was 28, got a 90% mortgage on about 3x salary, that was in 1985 though so the deposit was not so hard to save.
    For every complex problem there is an answer that is clear, simple and wrong.
  • Welshwoofs
    Welshwoofs Posts: 11,146 Forumite
    38 here. I lived in London for years and couldn't afford to buy until I left the city.

    I believe the average age for first house purchase is now 34.
    “Don't do it! Stay away from your potential. You'll mess it up, it's potential, leave it. Anyway, it's like your bank balance - you always have a lot less than you think.”
    Dylan Moran
  • ambyence
    ambyence Posts: 189 Forumite
    Bought my first flat for £113,000 in 2006 on 5% deposit and moved in on my 24th birthday (happy birthday to me!). Had a house for a year before that jointly with my brother but needed my own space. Still here 3 and a half years later. I am a slave to my mortgage but it's the best thing I ever did. Good luck with your house buying journey x
    don't let the b*stards get you down or you might have to live in a bin - <<< this could be you! :)
  • Just two month ago at 25 (boyfriend is 27). However that was through a FTB scheme, we could not have afforded it without their help - i'm guessing within the next 10 years or so.
  • kunekune
    kunekune Posts: 1,909 Forumite
    I was 22 and OH was 23, I think. It was a shared ownership flat in Reading. We went on to own quite a few houses in NZ, with occasional periods of renting in between when life was a bit unstable or we had to move and couldn't sell. We were tenants for the last three years and at 47 and 49, bought only our second UK home. Oddly, this is the first place where I have felt any real desire to decorate/personalise.
    Mortgage started on 22.5.09 : £129,600
    Overpayments to date: £3000
    June grocery challenge: 400/600
  • We where both 21 -it was in 1988
    The house was £16,500, I am almost certain that we where paying about £106.00 a month plus an endowment policy.
  • suavekc
    suavekc Posts: 17 Forumite
    My partner I bought our first house in 2007 she was 25, I was 24. Luckily we managed to put down a large deposit (around 26%), got a lovely semi-detached with a good sized garden in a great area - couldn't ask for anything better!

    The only thing that irritated me was having to pay £35k over the advertised selling price, although living in Scotland we do get a lot of houses at 'offers over' which to me is just daft when both seller and EA know well what figure it would likely go for and never in a million years would it be anything near the advertised price. Suppose its just their way of encouraging as many people to put in an offer.

    Just annoying the way they advertise it as our first offer was rejected and even after asking how much they wanted for it the EA just said a considerable amount higher!

    Luckily I found out how much the house next door sold for and matched that offer (which was the same as what the surveyor we got to value the house at).
    The trouble with doing something right the first time is that nobody appreciates how difficult it is!
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