Harder now for 1st time buyers?

littlegreenfrog_2

ukcarper wrote: »

I can understand her frustration but she is trying to blame a particular group of people for the position she's in.

http://strategicsociety.org.uk/wp-content/uploads/2013/07/Lord-C-Lloyd-J-and-Barnes-M-2013-Understanding-Landlords.pdf

A couple of years out of date but page 16 gives you a breakdown of landlords by age
L

I realise that BTL landlords have just taken advantage of the opportunity to make money, which is probably what most people would do. The economic situation and successive housing policies have created an environment which has made that possible. But I suppose landlords are an easier target for my wrath - not least because it feels as though every landlord I've ever had (or the letting agency acting for them) has tried to squeeze every last drop out of me financially. It's like, yeah ok, you own more than one property so can you please not put my rent up by 7% a year when your borrowing costs have remained at rock bottom since 2009 and you haven't made any improvements to the property the whole time we've lived here? And why is your agent trying to take money from my deposit for a light fitting which you said at the beginning of the tenancy had never worked? It just adds insult to injury.

littlegreenfrog_2

marksoton wrote: »

So there is stuff out there then.

You seem to be wanting some kind of utopian buying experience.

Hardly. The place with the short lease was unmortgageable and the place which turned out to be shared ownership was hugely overpriced.

marksoton wrote: »

I'm 37 and could only afford a one bed flat in this part of the world (SE). I have an 11 year old daughter. Hardly ideal but one sofa bed later and when she spends the w/e with me the problems solved.

The GF on the other hand due to the way life pans out has a £400K 3 bed in Berkshire. She's 33.

You need to make the most of your own situation and manipulate things to your advantage as best you can. Blaming others isn't going to improve your situation...

I am trying to make the best of my own situation but there is very little I can manipulate to my advantage.

littlegreenfrog_2

ukcarper wrote: »

Did you look at flat in Ash Vale

I've emailed a few estate agents to arrange some viewings - I'm hanging in there! My last couple of viewings got cancelled by the estate agent because the sellers accepted an offer.

marksoton

littlegreenfrog wrote: »

Hardly. The place with the short lease was unmortgageable and the place which turned out to be shared ownership was hugely overpriced.

And therein lies the problem with your mindset. Presumably someone thought it wasn't overpriced.

You can argue with supply and demand all you want but they'll only be one winner.And it won't be you.

So either move location, achieve more finance or accept you can't afford to own in that location. It really is as brutal and simple as that.

littlegreenfrog_2

marksoton wrote: »

And therein lies the problem with your mindset. Presumably someone thought it wasn't overpriced.

You can argue with supply and demand all you want but they'll only be one winner.And it won't be you.

So either move location, achieve more finance or accept you can't afford to own in that location. It really is as brutal and simple as that.

I refer you once again to the title of this thread! And rest my case.

always_sunny

littlegreenfrog wrote: »

So what hope is there for people less fortunate than me?

That they may not be limited to buying in Surrey.

marksoton

littlegreenfrog wrote: »

I refer you once again to the title of this thread! And rest my case.

Sigh....

I never said i disagreed. But regardless of whether it is harder or not that doesn't really help you on a practical level does it...

You DO have options but are unwilling to look into them...

littlegreenfrog_2

always_sunny wrote: »

That they may not be limited to buying in Surrey.

The whole of the south east is expensive - it doesn't make much difference. I've looked, believe me.

littlegreenfrog_2

marksoton wrote: »

Sigh....

I never said i disagreed. But regardless of whether it is harder or not that doesn't really help you on a practical level does it...

You DO have options but are unwilling to look into them...

Like moving to Port Talbot? That was sheer brilliance.

always_sunny

littlegreenfrog wrote: »

The whole of the south east is expensive - it doesn't make much difference. I've looked, believe me.

Good luck.