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At what age did you buy your first home?

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Comments

  • RevolvingDoor
    RevolvingDoor Posts: 1,108 Forumite
    Davesnave wrote: »
    Did you take a sabbatical from life in 2008/9?

    Maybe because I live near London!:p My friend bought her flat in Blackheath for about £50K around 2000 and I can't imagine them ever falling to that type of price again.
  • chipmunk
    chipmunk Posts: 529 Forumite
    At 17, together with my husband who was 20. We paid a massive £4,250 !
  • TBagpuss
    TBagpuss Posts: 11,236 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    At 25. It was around £25,000 and at the time, getting a mortgage was cheaper than renting. (I'd been paying more to rent a room in a similar shared house in the same area)
    All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)
  • TallulahTaboo_2
    TallulahTaboo_2 Posts: 52 Forumite
    I've been Money Tipped!
    We just bought our house last September at £155,000. I am 24 and my partner is 26. I was in a fortunate position with the deposit as won a settlement against a terrible driver therefore gave us 10% deposit.

    It's do-able. Just save save save!
  • originalmiscellany
    originalmiscellany Posts: 1,655 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    I was 22 when I bought my own house, straight out of uni in 2003. The cost was 127,000 and again, bank of parents helped with the deposit.
    Feb 2012 - onwards MF achieved
    September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
    April 2018 down to 28.00 months vs 30.04 months at normal payment.
    Predicted mortgage clearing 03/2047 - now looking at 02/2045
    Aims: 1) To pay off mortgage within 20 years - 2037
  • robedha1
    robedha1 Posts: 156 Forumite
    100 Posts
    I bought earlier this year aged 37. House was £75k, I had a 5% deposit.
    Starting mortgage balance 22/04/2013 £71,250
    Overpayments to date £410
    Current mortgage balance £70,650
  • sinbad182
    sinbad182 Posts: 619 Forumite
    500 Posts
    I was 27 and bought a 1 bed flat in west London for £200k, late 2011.

    Worked well for me and recently sold it for a nice profit, and have just bought a 3 bed house with the fianc! in a beautiful part of London.
  • pattojones
    pattojones Posts: 36 Forumite
    I turn 38 next week and my wife is 38 in January.

    We are in the process of buying our first place for £179,000 with a £36,000 deposit (80% LTV). Between us we earn over 60K but it's been a long road getting all the ducks in a row!
  • chunkychocky
    chunkychocky Posts: 1,085 Forumite
    Part of the Furniture Combo Breaker
    We bought our 3-bed semi in 1998 for £87.5k and a 100% graduate mortgage! I wonder if they will ever be available again. Can't believe we didn't need a deposit at all when you look at the financial state of things now. Actually we also had to take out some sort of indemnity insurance that was a few thousand too and the bank added that onto the mortgage so the mortgage was actually more than 100%.
  • silvercar
    silvercar Posts: 49,658 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    At 22, we bought a 2 bed flat in Finchley (N. London) for £49k. Summer of 1986. Our joint income at the time was £16k.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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