To ask if you are under 35

[Marmaladedandelions]

How you could afford to buy a house?

This is a genuine question: I have noticed a lot of people talking about how they can't afford to buy. I must admit that most people around my age (33) own.

We originally had a mortgage with money my dad gave us. Things have changed now due to inheritances but that was how we bought our first place, in 2005.

How about you? :)

We had an inheritance, otherwise we would still be saving.

I'm in my early 20's and DH is 5 years older. We bought in 2012 with a 10% deposit. I lived with my parents with my toddler son and he lived in a flatshare. I worked part time but was able to save the deposit, I guess my income provided the deposit and his provides the mortgage. No inheritance or help although my parents did give us a cash gift as we were moving in, didn't know they were going to do that though. I think we're rare though, not really sure why because we both have pretty crap wages.

Mid 20s with inheritance.
We've been very fortunate.

Bought our house in 2012 when I was 25 and DH was 24 by saving up 20k for legal fees and then getting a 100% mortgage. My brother and his wife and doing the same next month and they are 26 so it is doable!

We were trapped renting, our rent was considerably more than our mortgage is now. My mum gave me our deposit in lieu of inheritance and we bought our tiny 2 bed terraced house. We are up north though and our house was less than £90k We are now looking to move in the next few years to have more outside space for our DD having got our foot on the ladder.

Bought our first house age 18, dh is 5 years older. It was at the time when you could get a 3 bed semi round here for £50k. We did this with a £10000 deposit which we'd saved and always made over payments on the mortgage. Three years later we sold for £115k and bought for £135k. Three years after that we moved to our current home. It was a total wreck, we paid £185k and spent £60k on it and another £15k for some land at the back. When it was finished we had it valued at £325k so hopefully we're moving in the right direction, but to be honest this is our dream home at the moment so value doesn't really matter.

I'm 31. DH is 38.

We bought our house 6yrs ago. DH is a business owner so he earns very well but we received a substantial sum from FIL so that we could increase our deposit and get a more affordable mortgage rate

Oh and I'm 33

I'm 29, DP is 30 and we have just bought our first house. It's a combination of saving, inheritance and DPs parents paying the deposit that's helped.

I'm 34 and have just last month paid off the mortgage. We live in the SE and have been able to do it by overpaying £1500 each month on top of the interest as we initially took out an interest only mortgage.

No inheritance or help from parents I'm afraid, but I hope to re mortgage in a year or so or buy a flat/small terraced for dc as a means of investment to be sold later that can be used as a deposit for them.

I'm 31, bought our first house 9 years ago, 110% mortgage from Northern Rock, house was a 2 up 2 down for £130K, sold it 6 years later for £160K and used the profit for deposit on current house which was £250K

How did you manage the deposit out of interest disappointed - did you save up?

I worked from my 15th birthday (about 25 hours a week term time, 45-60 during school holidays) and saved as much as I could. Bought a car at 17 and moved out. Stayed at school, paid rent, saved as hard as I could. Earned between £2.50 and £3 per hour. Hard work but it paid off.

I bought in 2001 before the boom. I was 21 but was cheaper than renting.

Ps - current mortgage is fully offset so we pay no interest on it.

DP and I are both 33. We saved whilst renting. We own our home bought for 285k with 25% deposit. It wasn't easy!

Bought in the NW at 25 with DH.

Borrowed the deposit from parents.

Got lucky with other costs - work covered them all due to relocation.

House value has increased by 10% so can pay parents back on next remortgage.

I'm 33. Bought a house with my now dh at age 22 in a cheap area for 64k. 95% mortgage.
Have moved twice since then.

I bought with my ex fiance aged 21.

It was very, very hard saving. 50% of my tiny full time salary (9k for 3 years) went into savings and I lived with my parents. I paid 'keep' but it was much cheaper than renting. He was a couple of years older and had inherited a couple of thousand from a grandparent. We bought in 2003 a nice 1 bed flat for £139k. I think the (30 year) mortgage was £125k.

Naturally we split up the following year and lost a couple of grand each in fees . But it was good to learn to be so disciplined about saving money so early.

I'm 30 and bought a 3-bed semi for £155k a week before my 24th birthday. Hubby didn't go to uni, he started working FT at 18 and aside from his board/lodgings and drinking money he didn't spend anything so was able to put a 30k deposit towards our house.

I appreciate we are incredibly fortunate not to have needed any help from family and in hindsight I have no idea how he managed to do it!

I am 35. I bought in 2004 by working 3 jobs and saving a deposit.

I'm 33 and bought 8 years ago with help from parents towards deposit. Would have bought still, just would have been a cheaper house/not as nice an area.

How you could afford to buy a house?

With a few tiny exceptions I think you have an answer op! Bank of Mum and Dad, inheritance or build a time machine and buy 15 years ago when prices were reasonable!

We bought a house when I was 27 and dh 33. We both had reasonable professional salaries to secure it, but we were lucky to have a large deposit from when dh spent a tax-free all expenses paid year working abroad and saved 30 thousand plus 10 thousand pound grandparent gift.