First time buyers.

YoungDumbNBroke

Not too sure why Foxy has recommended against a Flat but so be it. I purchased last year with my partner (fortunately we earned roughly 40k between us at the time of the mortgage etc.). We didn't take out a help-to-buy mortgage so I can't advise on that, however we did put down a 15% deposit on a 2 double-bed flat. I can advise if you would like to buy a flat on things to look out for if you would like? Not too au fait with houses apart from standard stuff (damp, structural cracks etc.).

We did buy with the intention of it being a "doer upper" - definitely a challenge with a first time property however our flat has gone up in price and we have made roughly ~£10k (this will likely be eaten up in moving costs etc. though).

Is purchasing a flat a realistic option for you? Or would you prefer a house?

marcmc84

Have a look for shared ownership and get on the waiting lists - they will work out what % share you can afford to purchase, you can always step up and but more shares later on.