Why is it so hard for FTBs

Phyzelda

I live in an expensive town and my fiancee is a retained fireman in the town, therefore need to live in the town, but the prices are so high and therefore the deposit we require to get the mortgage is high too!!

Is there anything I can do??

Who is the best people to talk to? Banks or financial advisors??

_Andy_

Speaking to banks/FAs won't change the deposit amount you have.
If you don't have sufficient deposit then you just need to keep saving.

Phyzelda

Bit difficult when we are due to be getting married next year!!

He's entitled to Key worker, but even thats a struggle to get information out of people about it

funkymonkey849

We live in a town where house prices are low, and we're FTBs struggling as well.

Basically if you're not rich as $*%! you're screwed

jamief

You can do what everyone else has to do and keep saving. Maybe also set your sights a little lower or spend less on your wedding?

betmunch

Afraid you will just have to wait.

If getting married is more important than getting a house then spend your money on that, if getting a house is more important then put the money towards your deposit.

Unfortunately we are so used to getting what we want straight away we feel hard done by when that option is taken away from us

Good Luck

not_tonight_josephine_2

My OH and I were in the same position as you but we want to own our own home - our wedding budget is £500!

As Betmunch said, you have to prioritise

KarrieBee

I'm afraid to echo the other posters the only answer is to keep saving. Do you currently rent and if so is it possibe for you to find somewhere cheaper to help you save.
If you post an SOA (statement of affairs) on the debt free wannabe forum the folks on their are a complete mine of ideas for cutting costs.
I understand it is frustrating. OH and I married 3 years ago and have since been saving for a deposit but perhaps try not to be so worried about buying a home immediately. As long as you have a roof over your heads getting on the so-called property ladder isn't the be-all and end-all of life.
Best wishes for your wedding.
Karrie

dunstonh

In real terms, house prices in relation to income are not much different to what they were in the early 90s. Yes, houses cost more but then people earn more.

What has also happened since then is that people buy more consumer goods and save less. Spend now, sod later style <generalisation alert>

So being a first time buyer is really not much different to what its always been. You just have to save rather than spend.