At what age were you when you first bought your first home?

Vectis

Mid 20s, SE England. In those days you made sacrifices, cut back on expenses and saved every penny you could. I moved back in with mum and dad for a year, paying enough 'rent' to cover the food, extra bills etc, didn't go out much and saved as much as possible to get the deposit together.

Alter_ego

29  South East, it cost £5750, yes five thousand seven hundred fifty. 3 bed semi

Black_Cat2

Alter_ego said:

29  South East, it cost £5750, yes five thousand seven hundred fifty. 3 bed semi

Woah! Those were the days! 😹

maisie_cat

South East, I was 20 nearly 21, 100% mortgage and the base rate was around 9%. For the next few years rates got quite high and then prices fell so by the time I was 28 I had negative equity. Learned my lesson and from then on overpaid my mortgage as a cushion. 

Mnoee

Kind of a silly question unless you also know the era people bought in. All well and good feeling disheartened seeing people buying in the South in their early 20's until you realise it was in 1969!

I bought this year, at 33 in Northern Ireland. I could have afforded to buy here years ago, but was set on staying in the south east of England at the time. 

Black_Cat2

KeithSussex said:

Trying to purchase my first property now ! at age 55   
Previously lived underwater & reasonably priced hotels while on leave all courtesy of the job  

*has visions of Keith living with spongebob squarepants* then realises probably means submarine or something lol

Peter999_2

I was 21 with a 10% deposit gifted by my Mum and Dad.

No idea if I was in negative equity or not at any time and lived there for 7 years when I met my now wife and moved in with her.

Alter_ego

Black_Cat2 said:

Alter_ego said:

29  South East, it cost £5750, yes five thousand seven hundred fifty. 3 bed semi

Woah! Those were the days! 😹

True but remember high interest (up to 12% for me)  Low wages, £2000 per annum.

Brewer20

I always remember our first and only house purchase, the year we got married. That long hot summer of 76, it was a new build, we watched it being built. Young things 22yrs and 20yrs old and struggled to get our mortgage but obviously managed it with the Woolwich. 44 years on and still here, 3 bed semi in the East Midlands, cost £7995 and put a 20% deposit down. We've had an extension on around 30 years ago and been mortgage free now for around 15 years.

ratechaser

22. South East, cash, it was a pretty generous parental gift. 

But if I'd bought it myself, it would still have only come to one year's wages. That was  90s repos for you... You have to laugh really...