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  • FIRST POST
    • Former MSE Sam M
    • By Former MSE Sam M 7th Apr 15, 10:06 AM
    • 238Posts
    • 159Thanks
    Former MSE Sam M
    MoneySaving Poll: How old were you when you bought your first home or have you never?
    • #1
    • 7th Apr 15, 10:06 AM
    MoneySaving Poll: How old were you when you bought your first home or have you never? 7th Apr 15 at 10:06 AM
    Poll started 7 April 2015

    How old were you when you bought your first home or have you never bought one?

    The government has announced a new Help to Buy ISA where itíll add 25% onto the deposit savings of first time buyers. So with this in mind, we wanted to see if the age people buy their first home has changed over the years.

    Have you bought a home and if so how old were you the first time you did it?



    Did you vote? Are you surprised at the results so far? Have your say below. To see the results from last time, click here.

    If you havenít already, join the forum to reply. If you arenít sure how it all works, read our New to Forum? Intro Guide.

    Thanks!


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Page 1
    • Alter ego
    • By Alter ego 7th Apr 15, 10:08 AM
    • 2,594 Posts
    • 2,565 Thanks
    Alter ego
    • #2
    • 7th Apr 15, 10:08 AM
    • #2
    • 7th Apr 15, 10:08 AM
    29 yrs, it cost me £5750. Hard to pay the mortgage on £35 per week though.
    Loose means not tight, Lose means something is lost, simples no?
    Ignore me if you like, it's not the real me anyway.
    • torbrex
    • By torbrex 7th Apr 15, 10:20 AM
    • 61,883 Posts
    • 124,626 Thanks
    torbrex
    • #3
    • 7th Apr 15, 10:20 AM
    • #3
    • 7th Apr 15, 10:20 AM
    I was 33, it cost me £26000, I paid my mortgage off 9 years early and I am told that the house is now worth 3 times what I paid for it.
    • no1catman
    • By no1catman 7th Apr 15, 11:55 AM
    • 2,809 Posts
    • 2,100 Thanks
    no1catman
    • #4
    • 7th Apr 15, 11:55 AM
    • #4
    • 7th Apr 15, 11:55 AM
    I bought my first one for £19500 in 1981, sold it for £148k in 2007. Now in my 2nd house £206k and have paid off the mortgage.
    I used to work for Tesco - now retired - speciality Clubcard
  • archived user
    • #5
    • 7th Apr 15, 12:43 PM
    • #5
    • 7th Apr 15, 12:43 PM
    Age 48 after 30 years in Forces MQs
    • Cyberman60
    • By Cyberman60 7th Apr 15, 12:52 PM
    • 2,334 Posts
    • 2,657 Thanks
    Cyberman60
    • #6
    • 7th Apr 15, 12:52 PM
    • #6
    • 7th Apr 15, 12:52 PM
    I was 29 and my new two bed end-terrace cost 37,500. Sold two years later for 62,500, bought new four bed detached for 97,500, now worth just under 400K...
    • puk999
    • By puk999 7th Apr 15, 3:13 PM
    • 507 Posts
    • 453 Thanks
    puk999
    • #7
    • 7th Apr 15, 3:13 PM
    • #7
    • 7th Apr 15, 3:13 PM
    I bought at age 35. Am now 44. Purchase price £192k with mortgage of £160k. Mortgage now at £80k.

    Wish I had a crystal ball, or was more clued up and interested in houses and how they could rise in price. I would've purchased a lot earlier.
    • tanith
    • By tanith 7th Apr 15, 3:20 PM
    • 7,982 Posts
    • 8,589 Thanks
    tanith
    • #8
    • 7th Apr 15, 3:20 PM
    • #8
    • 7th Apr 15, 3:20 PM
    I bought my first property at 20 ,I'm now 67. We bought a 3 bed semi for £7600 .
    #6 of the SKI-ers Club

    "All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
    • dollypeeps
    • By dollypeeps 7th Apr 15, 5:11 PM
    • 179 Posts
    • 668 Thanks
    dollypeeps
    • #9
    • 7th Apr 15, 5:11 PM
    • #9
    • 7th Apr 15, 5:11 PM
    Bought at age 19 for 35k with my boyfriend now dh

    Now worth 100k approx
    mortgage now £2260 as of Apr 2019
    and no other debts

    56B]items decluttered
  • Jadorejesu
    We just bought our first home, a little dilapidated cottage in rural Ireland. I'm 27, he's 33. It cost us €39,500 and thanks to savings and a loan from my parents we have no mortgage.
    We could believe they accepted our offer! It'll be a lot of work to get it looking great but it's now liveable and we've moved in. Handy that my husband's a carpenter so doing most of the work himself!
    • naked
    • By naked 8th Apr 15, 12:24 PM
    • 104 Posts
    • 27 Thanks
    naked
    I'm 31, I bought my first house 5 years ago for £69,000.

    The houses at the end of the terrace have been put on the market for £125k and £150k in the last 2 years and both failed to sell. The only difference is that they have extended up into the loft.
    • Alias_Omega
    • By Alias_Omega 8th Apr 15, 12:57 PM
    • 7,259 Posts
    • 3,954 Thanks
    Alias_Omega
    Bought first house when I was in the 20's,


    Bought second house when I was in the 30's..


    Will I own 3 houses when I am in my 40's? Probably not..


    On a positive... Our latest house sold for £155,000 in 2006. We paid £124,000 in 2014....


    A 2 bedroom across the road sold for the same amount, ours has 4 bedrooms with study or 5 bedrooms - no study, semi detatched, dorma bungalow with a 7x3m detatched garage...

    Practically given away by a couple whom were divorcing...
    • MothballsWallet
    • By MothballsWallet 8th Apr 15, 1:23 PM
    • 13,487 Posts
    • 18,717 Thanks
    MothballsWallet
    I bought this house for Mrs MbW and I in 2001 for £61,500 and is now worth almost double that.
    Always ask yourself one question: What would Gibbs do?

    I live in the UK City of Culture 2021
    • kathrynha
    • By kathrynha 8th Apr 15, 2:06 PM
    • 2,351 Posts
    • 12,847 Thanks
    kathrynha
    Bought mine 12 years ago at 26 years old for £85000 with a £35000 deposit. Now worth about £150000, and mortgage is shrinking nicely. Hoping to pay it off in 7-8 years.
    Weight loss start date: 3rd January 2017
    Weight loss total: 49 lb
    Last updated: 27th November 2018
    • lemontart
    • By lemontart 8th Apr 15, 2:12 PM
    • 5,835 Posts
    • 7,416 Thanks
    lemontart
    20 yrs old with 20 k mort cannot recall payments now as nearly 34 years ago
    I am responsible me, myself and I alone I am not the keeper others thoughts and words.
    • flea72
    • By flea72 8th Apr 15, 2:56 PM
    • 5,242 Posts
    • 5,256 Thanks
    flea72
    So far the poll is dispelling the myth that the young are unable to get on the housing market, seeing as the majority of teens have already purchased a property
    • DigForVictory
    • By DigForVictory 8th Apr 15, 3:04 PM
    • 9,293 Posts
    • 31,059 Thanks
    DigForVictory
    I bought in my 20s but was helped by my folks.

    I'd love to think I could do that for my lads, but all I'll be able to do is help them with Knowledge.
    • rinabean
    • By rinabean 8th Apr 15, 5:31 PM
    • 349 Posts
    • 1,040 Thanks
    rinabean
    So far the poll is dispelling the myth that the young are unable to get on the housing market, seeing as the majority of teens have already purchased a property
    Originally posted by flea72
    Not at all. This site will attract specific types of people, people interested in money, saving money and making investments. It's a surprising figure but not many teens are on this site in the first place, let alone responding to polls.

    I bought my first house last year aged 25. I'm annoyed to have missed the Help to buy ISA.
    • pollypenny
    • By pollypenny 8th Apr 15, 5:31 PM
    • 26,040 Posts
    • 68,893 Thanks
    pollypenny
    Aged 21, OH was 25, we bought a flat stupidly, paying £3,500.

    Two years of hell later, we moved further our and bought a detached house for the same price. Couldn't afford the extra £350 for central heating, though.

    Moved for a good school in 1987, paying over the odds for a run-down, but large bungalow. Lots more building in the town since, so it will be too big for any downsizers, while families now have more choice of house.

    It's fine, though. We could walk to everything important when we are unable to drive.
    Member #14 of SKI-ers club

    Words, words, they're all we have to go by!.

    (Pity they are mangled by this autocorrect!)
    • spanielson
    • By spanielson 8th Apr 15, 10:05 PM
    • 20 Posts
    • 19 Thanks
    spanielson
    I need to not live in London, I could have had a place years ago, struggling to find somewhere inhabitable for under £200k
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