We bought our first home 6 years ago, 90% mortgage. Bought as we had good (for early 20s) salaries and house prices were pretty cheap yet you could still get mortgages. Used all of our meagre savings and a gift from parents for the deposit. Furnished with donated furniture.
All great, nice first home etc. But I can't see how we will move on from here. We've overpaid the mortgage and its gone up in value by around 20k so now own about 35% of the house. We have a bit in savings and our salaries have gone up but only by about 6k each.
Our friends are now buying their next homes- either with inheritances or help from parents again, neither of which are options for us.
How did you make the next move? Is an inheritance or lottery win necessary?
(Assuming that you want/need to move on).
Please or to access all these features
Please
or
to access all these features
AIBU?
To ask how you afforded your next home
42 replies
Junosmum · 31/05/2016 19:12
OP posts:
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