Only 3% of homes were bought by people aged 18-30 in June

gemschmoo

Moving in on Friday - we're 26 + 24 - been saving for about 9 months!

PlymouthMaid

You did well Jules to buy at 21. I was still living with parents then and earning nowhere near enough to consider buying not that I wanted to then as had no idea where I might end up..

nikki2804

Bought in November 2013 aged 25, partner 26.

jlf_85

I have just turned 29, single and in the middle of buying a house. Its only been difficult in that I'm partially self employed. Deposit has come from savings due to living with parents for the past 4 years.

lucky_charm_2

Fianc! and I (26/27) just completed on our house. We saved the deposit (~£20k) ourselves but had parental help to cover the fees and to leave us some for carpets, paint, furniture etc as the house needs some work. If we hadn't had that option we'd have had to save hard for probably another year and house prices here are increasing rapidly. We have not been on high salaries, I wasn't living with parents (he was) and we went on 2 or more holidays/ short breaks every year and had regular meals out or trips to cinema- we were just disciplined and saved a set amount each month and any tax rebates or similar unexpected sums went into the house fund.

vroombroom

I bought my first place at age 21 (10 years ago), second place with the ex age 24, my own place again in 2009 and then OH bought our first house together in March this year.
Never had any help from parents or family x

Alex_88

My partner and I moved into our first house (a 2 bed end terrace in SE which needs a bit of updating) last month at ages 25 and 26. We had been saving for a deposit and wedding for just over a year by living with parents and paying a small amount of rent to them.

We had no help from the bank of Mum and Dad either. It is doable, you just have to be willing to put the money away and not spend it on expensive holidays, cars etc.

pinkpiglit

Bought my first house (a buy to let, back home in my native country) when I was 23. Sold that in 2006 and used proceeds to buy a home here in London with my OH, by which stage I was 30. Just sold that place in March and bought another which will be my third property at age 36.

I've not ever had parental help. This latest mortgage is a struggle!

hanfrangipane

I am currently in the process of buying my first home aged 26.

I've lived at Dad's for 6 months and am on an above average salary, therefore I've managed to pay off debts and rack up 10% pretty quickly.

The prospect of saving that amount whilst renting etc would have been so daunting. A number of my friends have purchased pre 30, but all of them bar one has moved back in with parents in order to save.

It's not impossible to do but if you save whilst renting then house prices seem to outstrip the saving capabilities unless salaries are well above average, the goal posts keep moving.

I've sacrifices a lot of luxuries to get the deposit saved up and i now many people who have gone without to get it done - it's a case of priorities.

However, dare I say, I think it was easier to get onto that first step 40 years or so ago when my parents were buying from what they have told me of their experience over the years.

There is a lot of pressure for our generation to be responsible/own a property young/go to uni/have careers/not leave children too late etc. People say that our generation expect to 'have it all', but I think quite often people that I know feel that we have to find a way to achieve everything at a young age because it is what is expected of us and rather than focusing on what we have achieved we think 'well I've not got a house yet' rather than thinking 'I've worked in a low paid job for 3 days to get my professional qualification' and accepting that meant that I couldn't afford to save.

antispam246

Partner and I are near completion on first property, 25 & 32. Managed to get a 4 bed detached family home just outside of London. We wanted the home we'd potentially be in forever, both saved pretty hard, not scrooges by any means, just a combo of being sensible and savvy. LTV was under 75%.

We've been staying between parents in the meanwhile, still paying rent, food etc.. But it certainly has helped in many ways.