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FTBs - are you buying with your own deposit or bank of mum n dad?
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sterl1ng
Posts: 609 Forumite
I didn't want to ask my folks for help so have been saving my 15% deposit
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Comments
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Bank of mum and dad for mine0
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We have saved our 15% all by ourselves which I'm very proud of. Luckily housing is cheap where we love but had or been dearer then we would've saved longer.
We're in our mid-late twenties and are the first amongst our friends to go it alone. All our friends had a helping hand.0 -
Dad, I would rather have done it on my own two feet but tbf it is a loan not a hand out.
And I don't think 21 is a bad age to get on the property ladder :-)People don't know what they want until you show them.0 -
A bit of both.
20% our own deposit
20% My parents, but they have a second charge on the property and when we sell will give them 20% of the re-sale price
60% mortgage0 -
I bought last year when I was 25 with my own money thanks to prioritising work over a life for the previous 4 years!
I think it is possible if you're prepared to sacrifice a fair bit and work hard.0 -
Mine (15%/£36k) was a combination of redundancy money, parents and grandmother... I saved for legal fees and furniture myself (about £5k)0
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I bought last year when I was 25 with my own money thanks to prioritising work over a life for the previous 4 years!
I think it is possible if you're prepared to sacrifice a fair bit and work hard.
Snap.
I did tentatively approach my mum for some funds but apparently buying a house was difficult in her day too.0 -
Mine (30-40%). Been saving for the past 10 years to buy a property in London by myself, hence the huge deposit. Stayed in a mundane job which pays the bills and made other sacrifices. Proud to say i should finally own my first home this year at the age of 34.
Parents are still paying off a small amount on their mortgage, so would never ask them for money towards mine.0 -
We've been saving for just over a year and have 13k, have also had our daughter in that time. No help from either set of parents. Target is 20k.0
I was 24 last year though . This discussion has been closed.
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