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At what age is 'normal' to buy? How old were you?
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I was 22 - 1991, interest rates were 10.5% and that was a special deal from a builder i.e. lower than normal at the time.0
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wow cannot believe how much rates were 10 years ago0
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We were 26 and 27, in 1971. We borrowed the deposit from my brother-in-law and paid him back within a year.
My son was 32, in 2012, with help with a deposit.
Every first-time buyer I know of the last five years has had help with a deposit.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
Bought my first house aged 26 in 1990.0
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39! And I've just bought my first place with my partner. Before that I lived in my ex husbands house who bought it when we were together and I contributed equally but he refused to put me on the mortgage. Shows why he's an ex ;-)0
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In the process of buying now (2 bed flat). I turned 25 a few days ago and OH is 23. We're very lucky and have had a lot of help from both of our parents.0
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21 in 2003 in the south east. My parents weren't in a position to help financially, but me and my then bf paid £100 each keep.
I now still live in the hse me and the bf bought in 2006, but without bf, but instead our two kids. Struggling, but my two mortgages combined is £550 less than what it would cost to rent my hse.Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.810 -
First house was bought at 18, have moved a few times ending up in a detached home which was paid for by the time we were 35. All paid for by ourselves with no help from anyone just hard work (interest rates averaged 9% throughout period of mortgages). Once we get to 60 we have decided we are going to sell up, rent and enjoy the proceeds of our home.0
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I was 23 and husband 24 when we bought our first house for £30k in Surrey in 1983.
We lived in a grotty rented flat above a bank just after getting married, I worked for them so we got a cheap rent and saved up the 10% deposit for our first house, 2 bed terraced house, in one year. Sold it 5 years later after renovating it for almost £80k and bought 4 bed detached in Cornwall in 1988. We still live there now but worth almost £300k now.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
The 365 Day 1p Challenge 2025 #1 £667.95/£430.71
Save £12k in 2025 #1 £12000/£120000 -
Me and my partner have just bought our first home, it was the day before my 25th Birthday
We've been together nearly 10 years and decided to stick it out at our parents and save rather than renting. Did take us probably about 3/4 years to save but worth it in the end!0
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