How does anyone get onto the property market??

debrag

Up till recently I've never wanted my own place as I don't want kids and thought 'oh I don't need to hand it down to anyone' etc. Now me & my partner want a place but are looking at 5-10 yrs to save up for a deposit meaning I'll be 40. I am increasing my wage over time as well as my partner (hopefully).

BitterAndTwisted

B_Blank wrote: »

I love how people who managed to buy property at low levels and benefit from the credit boom and subsequent bail out, then have the audasity to preach to others that "you cant have everything", or "you need to make sacrifices". Its a disgrace.

You quoted my post encouraging the OP to make sacrifices to get out of debt and start saving, saving, saving.

If people aren't prepared to accept that they can't always have exactly what they want when they want it and aren't prepared to make sacrifices for it either, then they are the sort of people who won't ever achieve even a part of what they want.

The "people who managed to buy property at low levels and benefit from the credit boom and subsequent bail-out" might refer to a lot of people but it doesn't refer to me. I am not a home-owner and never will be, alas.

heathcote123

claire16c wrote: »

You must live in a very 'cheap' area of the south east. The 1 bed maisonette across the road from me just sold for £130k and it needs new bathroom and kitchen and is tiny. Youd never get a 3 bed semi for that price round there.

.

You should move to Luton, you get a palace for that.

angie73

Hi, I am new to this so hope it works!
we are in a similar financial position to you, with 3 kids.
.We managed to save a 10% deposit and got the seller to put down a 5% deposit. (It was an older house that needs lots of doing up and had been on the market for a while, so the seller was open to offers) we said we would pay asking price if they then put down a gifted deposit. so they got asking price less 5%, which is what you'd expect to pay anyway and we got a 15% deposit and a house in the area I wanted.
Hope this helps? look into it
where there's a will there's a way:o

bodmil

gembaxter wrote: »

We are first time buyers with a young family. I am 25 and hubby is 28 and our children are 2 years old and 2 weeks old.

We are looking at only being able to borrow £105,000. Properties in our area are pricey. A two bed property is averaging £150,000 and that is in the worst parts of town!

How the hell are we going to get on the property ladder?! We are going to need to try and save nearly £50,000 - so far we have £5k.

How does anyone do it these days?!

I'm the same age but put work ahead of a family to build up a deposit. Now at 25 and in management it's time to think about settling down a bit. I'm hoping to buy something in the next year or so when I'm on a better salary and will probably borrow a similar amount but on my own.