At what age did you buy your first home?

MrsHappy85

We (hubby and I) were 28, just moved in two weeks ago. Bought a 2 bed house for 180k. Needs some work so hope to make some money on it. Deposit was all our own savings (18k)., a long hard slog saving that!

christopher1977

bought my first house a 2 bed semi for 52k in 2002.

sold it in 2010 and been renting since.

just had an offer accepted on a huge 4 bed semi so hopefully will be moving in, in a few months:beer:

geoffky

I was 18 paid with my war bonus money from the Falklands war..Imagine doing that today on your own..Impossible.

marmitequeen

I was 24, 2 bed flat £47,000 in Surrey. 1996.

95% endowment mortgage with 5% cashback (that allowed me to get a boiler and central heating put into the property!!)

I had a lodger for 4 years. I could afford to buy a 2 bed and get a lodger but not a 1 bed without that extra money coming in.

Sold in 2003 £169000.

lurkylurky

Bought my first house, a 2 bed semi, in 1983 aged 21 (with my soon to be DH, 28). The house cost £21,000 and we put down a £2,000 deposit.

Moved to a 4 bed detached in 1995 increasing the mortgage to £33,000.

Paid off mortgage in 1999 with redundancy payments. DH and I were both made redundant within a few months of each other.

phoebe1989seb

50Twuncle wrote: »

More Importantly..
At what age did you stop paying your mortgage (ie When the house became yours) ?
Me - I was 46 - I bought my first house (a 2 up 2 down) for £26800 in 1987 and moved to a large 3 bedroom semi in 2000 - I paid up to £800 per month on my repayments (plus an endowment) - especially through the late 80's and early 90's when the interest rates peaked at 20% !!

I made my last mortgage payment 4 years ago and I can tell you - the feeling of owning your own property, owing nobody a penny on it, is NICE !!

Yes, it's a wonderful feeling, isn't it? We became mortgage-free at 40........sold our *forever* home that we'd paid £117,500 for in 1997 for £585,000 (although we'd spent a fortune restoring it in the intervening ten years ), paid off the remaining borrowing and down-sized in order to buy with cash & kiss mortgages goodbye forever :j

I can honestly say owning outright is one of the best feelings ever

Reue

JellyBox wrote: »

half directly my inheritance from my nana, the other half a gift from the parents from their inheritance

youve not managed to save anything yourself??

Froglet

Bought both a business and home (all in one) at the age of 21. I was already working for the owners so i had the advantage of regular clients. My wonderful gran lent us the money for it.

3 years later we bought our first home.Both the business and the house cost the huge sum of.....£3,000 each! Mind you we are talking the seventies.

After 11 years my marriage broke up and i moved away.I bought a flat ,then later a house.The only mortgage i ever had was for 30k which i paid off in 8 years. But at 15% it was a struggle!

busiscoming2

I bought my first house a three bed terrace in 1984 aged 22 for £20,000 and had a 97% mortgage. Sold it in 1993 for 37,000.

MoHunter

This thread is a bit depressing...!

I'm 30, OH is 32, and we're currently saving for a deposit with a view to hopefully buy our first house next year with 10-15% deposit depending on area.

But then I did spend my 20's moving countries three times and never really had the desire to "settle down" until the last couple of years after meeting OH. Even now the thought of living in the same place for more than a year is quite foreign to me, having moved once a year since my late teens...