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Results: For those aged 26-36, please select the option most relevant to you

I am renting and will probably rent forever

5.50% • 26 votes

I am renting and saving to buy a property, but struggling to save enough

8.03% • 38 votes

I am renting, but close to buying a property using the Help To Buy or Shared Ownership Scheme

4.44% • 21 votes

I am renting, but close to buying a property (without help from a scheme)

11.63% • 55 votes

I bought a property using the Help To Buy loan or Shared Ownership Scheme

7.82% • 37 votes

I own a 1 or 2 bed property (without help from a scheme) - I don't know how I can up-size.

5.92% • 28 votes

I own a property (without help from a scheme) it is suitable for me, I'm confident in up-sizing

24.31% • 115 votes

I own a property and will likely never need more bedrooms

27.27% • 129 votes

I own multiple properties.

5.07% • 24 votes

You may not vote on this poll

473 votes in total.

  • FIRST POST
    • homeless9
    • By homeless9 9th Apr 19, 6:24 AM
    • 70Posts
    • 30Thanks
    homeless9
    For those aged 26-36 (Your housing situation)
    • #1
    • 9th Apr 19, 6:24 AM
    For those aged 26-36 (Your housing situation) 9th Apr 19 at 6:24 AM
    For those aged 26-36, please select the option most relevant to you:
Page 5
    • theartfullodger
    • By theartfullodger 6th Jun 19, 11:37 AM
    • 10,557 Posts
    • 14,612 Thanks
    theartfullodger
    Discrimination based on age is unlawful. Shame on you!
    • labradorlove
    • By labradorlove 6th Jun 19, 12:58 PM
    • 61 Posts
    • 100 Thanks
    labradorlove
    I am 22 and consider myself a millennial!


    Me and my (now) Husband bought a 3 bed semi in the North East of England 2 years ago with a 10% deposit, no help to buy, no help from the bank of mum and dad, just a good 8 months of discipline and saving from our full time jobs. 22 now and hoping to have it fully paid off in the next 16 years. Might want to upsize if we have more than one child, none at the moment so all is good where we are.
    Mortgage left: 114,203.85
    Savings: 5,000/552
    OP Target 2019: 2,500/900
    Emergency fund: 1,000/500

    Christmas pot: 660/380
    • K80 Black
    • By K80 Black 7th Jun 19, 6:12 AM
    • 423 Posts
    • 865 Thanks
    K80 Black
    I'm 33, with a roughly 15% deposit saved between me and my partner, mostly in help to buy ISAs. I'm currently renting, he lives at home. My tenancy runs out next March (fixed term, not an AST) so we hope to have bought by then. Looking at buying a 3 bed semi and no plans for kids, so we should have plenty of space.
    • ayupmeduck
    • By ayupmeduck 7th Jun 19, 7:11 AM
    • 45 Posts
    • 57 Thanks
    ayupmeduck
    37 and no hope of ever buying but I'm hay renting (currently)
    PAYDBX 2019 - #44 [422/3000]

    Credit cards: 1932/422 | Loans: 5523/0 | OD: 1268/0 | Catalogue: 2516/0 | Other: 1430/0
    • Corbula
    • By Corbula 7th Jun 19, 10:29 AM
    • 51 Posts
    • 4 Thanks
    Corbula
    Just turned 29 and still living at home to maximise savings. Still a few years off being able to afford my own property. Got a healthy deposit, it's just the mortgage amount that is scuppering me at the moment being on my own.
    • Luke1066
    • By Luke1066 7th Jun 19, 11:31 AM
    • 62 Posts
    • 31 Thanks
    Luke1066
    I am 33 my wife is 31, we bought our first place in the south east 8 years ago.
    No help to buy, no help form either sets of parents was very careful with money.

    We recently moved in to our 3rd property after renovating and moving from the previous 2. It can be done you've just got to be savy and put the work in.
    • dan958
    • By dan958 31st Jul 19, 3:53 PM
    • 289 Posts
    • 512 Thanks
    dan958
    26 and I own a 2 bedroom flat (165k) in the South East. I have no reason to upsize for the forseeable future, not until I settle down and start a family (and even then, the flat will do for a couple of years into having a kid)
    Grocery Challenge
    In Process - October 0/80
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    • KukiNoki
    • By KukiNoki 31st Jul 19, 4:04 PM
    • 16 Posts
    • 9 Thanks
    KukiNoki
    Very well done at 26 for owning one in South East
    • nattybuk
    • By nattybuk 31st Jul 19, 4:42 PM
    • 43 Posts
    • 11 Thanks
    nattybuk
    Hi,

    Im 33 my partner is 25, we was living at home until November last year. Were currently renting a small three bed semi in the north west as partner wasnt in full time permanent work.

    Were now one week away from completing on our dream house valued at 345,000 we didnt think we ever get the house we are purchasing. In a lucky position to sell some shares to get a 15% deposit.

    I would echo other comments about deed of trust if you are putting unequal amounts toward the deposit. Its absolutely horrible to talk about but well worth getting squared away.
    Last edited by nattybuk; 31-07-2019 at 5:15 PM.
    • PasturesNew
    • By PasturesNew 31st Jul 19, 5:40 PM
    • 67,270 Posts
    • 394,262 Thanks
    PasturesNew
    If you'd asked me when I was those ages:

    26-29 still with parents
    29-31 in a caravan
    31-36 in a SO studio flat on a council estate 10 miles out of town
    37 bought myself out of negative equity by writing out a cheque, moved, had no job, started all over again.

    Life isn't one straight line for many.
    Always single, still single.
    • RelievedSheff
    • By RelievedSheff 31st Jul 19, 6:01 PM
    • 553 Posts
    • 520 Thanks
    RelievedSheff
    I am 34 now and we have recently moved into our second owned home, a 3 bed detached which we love.

    Prior to that we were living in a 2 bed ex council semi which we bought 12 years previously for 85k. We had no intention of staying there so long it was just supposed to be that first step onto the ladder. We didn't really like the area but we had to start somewhere.

    We have no intention of moving from our new home for a very long time, if at all. It suits us perfectly and its modest size means that it should be cheap to run and maintain.
    • excelwizard
    • By excelwizard 31st Jul 19, 8:12 PM
    • 80 Posts
    • 274 Thanks
    excelwizard
    I'm 26 (turning 27 in September) and am currently buying a 2 bed flat with my partner who is also 26.

    Flat valued at 195K and we're putting down a 25% deposit (circa 49K). Saved by both myself and my partner over the last 3.5 years and 5K of my half has come from my mum and dad.

    I'm glad I've waited this long as my taste in property has changed over the years. We've rented for the last 4 years and lived in three different properties which has given us the invaluable experience of living in different types of properties which we've used to narrow down what we want to buy.
    Save 12K 2019 #37 - 3,512.97 / 6,000 (July)
    Save 12K 2018 #113 7,755.49 / 7,500 Save 12k 2017 #186 8,507.30 / 10,000
    • phoebe1989seb
    • By phoebe1989seb 31st Jul 19, 11:39 PM
    • 3,553 Posts
    • 7,512 Thanks
    phoebe1989seb
    When I was 26, DH (three years older) and I were living in a four bed detached house on the south coast of England that my parents helped us with the deposit for the year before. The mortgage was quite small comparatively speaking but neither of us had particularly well-paid jobs - I ran my own business and DH was an interior designer - so it was quite a struggle, but we learned to DIY competently and gradually renovated the house over several years.

    We sold it when I was 30 and bought a much larger (but less expensive as it was a major fixer-upper) house in a better part of the city. We stayed there ten years and paid the mortgage off early, making a decent profit when we sold

    Edited to add - DS (29) and his GF (30) yesterday completed on the sale of their one bed flat/purchase of their new three bed renovation project terraced house......yay!
    Last edited by phoebe1989seb; 31-07-2019 at 11:42 PM.
    Paid off mortgage early - mortgage-free for ten years!

    Over 40,000 mis-sold PPI reclaimed
    • lookstraightahead
    • By lookstraightahead 1st Aug 19, 10:43 AM
    • 1,383 Posts
    • 1,287 Thanks
    lookstraightahead
    If you'd asked me when I was those ages:

    26-29 still with parents
    29-31 in a caravan
    31-36 in a SO studio flat on a council estate 10 miles out of town
    37 bought myself out of negative equity by writing out a cheque, moved, had no job, started all over again.

    Life isn't one straight line for many.
    Always single, still single.
    Originally posted by PasturesNew
    See this is why you can never plan so far ahead and I really think people should tread with caution. House ownership can be a hindrance. Here's mine ...

    Moved to London at 22 with long term boyfriend (no help from bank of mums and dads and 22 was def time to move out - not fair on them)

    Bought flat with boyfriend/husband
    Made a lot of money on flat when we sold it
    Bought big house, had baby
    Husband had affair, house plunged into negative equity
    Sold house left with lots of debt
    Cleared debt now remarried
    Buying again

    My life is deffo not one straight line
    • patch9495
    • By patch9495 1st Aug 19, 11:42 AM
    • 121 Posts
    • 20 Thanks
    patch9495
    24, northerner moved to London with girlfriend due to work.


    Purchased 2 bed bungalow in London 25% deposit with potential to convert the loft to 3rd bedroom (will do the sums nearer the time to ascertain if this would benefit us more than moving into a bigger house with larger mortgage). Naturally horrified by house prices


    Currently overpaying mortgage and will release equity at the end of our fix to either convert the loft or purchase a BTL back home, using the extra money generated from BTL to overpay the rise in mortgage from remortgaging to release equity.


    The is the long term plan anyway...
    • need an answer
    • By need an answer 1st Aug 19, 11:45 AM
    • 2,222 Posts
    • 2,662 Thanks
    need an answer
    The OP hasn't been back since mid may to comment on this thread...I'm assuming its of little interest to them now...


    however its quite interesting reading others housing history for those who want to continue to post....
    in S 51 T 19 F 45
    out S 40 T 14 F 60
    2017 -32 2018 -33
    • JohnMl88
    • By JohnMl88 1st Aug 19, 2:34 PM
    • 66 Posts
    • 21 Thanks
    JohnMl88
    31 and 30, we are renting, wed like to buy in 2-3 years. Our joint savings are only 36k, London is very expensive.
    • KukiNoki
    • By KukiNoki 5th Aug 19, 9:52 AM
    • 16 Posts
    • 9 Thanks
    KukiNoki
    31 and looking to buy in London SE
    Moved to London last year and looking to buy in London SE Bromley (cheaper I believe compare to other parts of London).

    Any recommendations.

    40K Deposit with 40K Salary.
    • MovingForwards
    • By MovingForwards 5th Aug 19, 10:33 AM
    • 2,397 Posts
    • 2,822 Thanks
    MovingForwards
    Haven't answered the poll as I'm in the wrong age group.

    At 40 I walked away from a marriage and a home, had / still have the option of buying it from my ex; I've moved on a lot and don't want to even though I could have it for one hell of a price.

    3 years on I've nearly got my deposit together ready to buy a home, without H2B / SO etc. Looking like it will be this year I can start looking.
    • dan958
    • By dan958 17th Sep 19, 11:34 AM
    • 289 Posts
    • 512 Thanks
    dan958
    Very well done at 26 for owning one in South East
    Originally posted by KukiNoki
    Thank you. I could not have done it without my parents help. I was able to live with them while paying only a small amount of rent. This meant I was able to save quite a lot of my paycheck each month.
    Grocery Challenge
    In Process - October 0/80
    Previous Month - September- 74.76/80
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