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At what age were you when you first bought your first home?
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I don’t understand the point of this question2
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I'm not a home owner, but my mum bought her first house she still lives in to this day when she was 25 with my dad's help with getting the mortgage.
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I was 23. g/f was just 19.1985 we bought a mobile home with my dads help. then bought a derelict two up two down (this place!) got the money as a personal loan from alliance and leicester.every thing we had was second hand, reconditioned, or borrowed. been here ever since.0
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24, 5.5 years ago (East Anglia, and parents let us stay with them on low rent to build up our deposit)Mortgage started 2015: £150,000 2016: £130,000 2017: £116,000 2018: £105,000 2019: £88,000 2020: £69,000 2021: £51,195 2023: MORTGAGE FREE!0
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I’m 33, and my husband is 38. Buying our first house now, due to complete on 5th Jan in Oxfordshire. No help of mum and dad, saved 15% deposit on our own0
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Southwest, age 30 and it was a shared ownership house so that was just buying 40% with a mortgage and 15% deposit on our share. No family financial help, only way me and hubby could get on the property ladder. Built enough equity and savings to buy the remainder via additional mortgage and freehold at age 35.0
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South East - aged 22 (1977). The house cost £11,850 and was recently sold for £380,000. Mortgage rates then were 8%+ and went up to over 14%. That's about the same as our present 4 bed, 2 bathroom, double garage house is worth in Gloucestershire. We wouldn't be able to afford to move back, but there again, there is NO way we would want to!#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3660
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Sweet! We got married in 1980, but we've lived in half a dozen homes since. Well done for getting it right first time.Brewer20 said: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.
No reliance should be placed on the above! Absolutely none, do you hear?1 -
London. I was 27. It was a council flat in LB Wandsworth, couldn’t afford anything else. The rules were different then, they were sold openly.
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North East 29 (this year). Saved the deposit myself.0
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