To ask how much your first home cost you?

[redwinegulper]

What year was it in, and how did you afford it
?

£96000 two bed end terrace in the West Midlands in 2017, borrowed the deposit off family but it was only 5% so not massive amounts and still live here now.

£42k in 1997 on a large 1 bedroom flat in a Victorian conversion in The Heatons, Stockport / South Manchester just before the area became very popular. £4k deposit from family and the rest was mortgaged. I was only 22 but the mortgage was significantly cheaper than renting.

67,950 in 2003

Last year - 2018, its £187,000 total. 3 bed, 3 storey home with a little garden, a garage and a driveway. It’s amazing because it’s ours.

Got deposit as a loan from my now in laws

£180k 2 bed flat in SE in 1999. I was 21. Zero deposit and shared ownership. It doubled in value in 4/5 years

I haven't RTFT but there must be some pretty hacked off younger people reading this thread. It's sucks

Scrap that, I think it cost £80k and we sold it for £160k. We owned 60% or similar

390k in 2015. That's for a 3 bed mid-terrace in Surrey. We mostly managed due to the help to buy scheme which we will pay off this year.

£380,000 in 2009, in London.

£262,000 in 2016(?) which was great as other houses on our road were selling for about 290. Now it’s stale mate and next door are struggling to sell for £270,000.
We’re in Buckinghamshire

£43,000. I bought it nineteen years ago and I'm still here. I put down a £4,000 deposit and the rest was mortgaged.

£250,000 in walthamstow. 1999 two bedrooned house in a war zone. Had to save 10% deposit.

My first home was £98,000 back in 2004. We saved the £3,000 deposit.

£4k in 1972, two up two down terraced house in a Saddleworth Village, my husband was a plumber and put in a bathroom and central heating. Got divorced and sold it 15 years later.

We bought our little 2 bed terrace for £174,000 in 2014. At last valuation it was at £230,000 so not bad but we're staying put for a good few more years as we're getting priced out of our nearby towns!

@purpletigers no, it isnt because I wanted to live with my boyfriend, it's because of the circumstances at home. I don't want to go into the details but I didn't have a choice.

Not everyone has the luxury of choice. I just needed to escape as soon as possible and found a flat that I shared with a friend.

£96,000. Tiny two bedroom flat in a 'Regeneration area' (read; ghetto). 2007, Liverpool.

£5,000 in the early 1970s.

How did we afford it? By doing things in the proper order, ie secured the house, then got married, then had children.

So many people these days seem to do that in reverse.

We got engaged, continued living with our respective parents and saved hard for the deposit on a 3 bed mid-terraced house on a new housing estate. We were determined not to waste money on renting, so buying a house was a priority. It was such a lovely first home. We were all young married couples having our babies about the same time and I made some good friends with the other young mums.

Yes property was cheaper then in relation to average salaries, but interest rates were, at one point 15%. They were never anywhere near as low as they are now. Also there were none of these 'help to buy' schemes around - we all had to do it through our own efforts.

@susannah DFO with your proper order

£23k in 2001. One bedroom flat in rural scotland.

2003, bought a one bed flat in Glasgow for £70000. Dad helped with my deposit.

SusannahL - I did things in “the proper order” too. We got a property together, got married and had our first son, then the shit hit the fan and we were left with no jobs (we were both made redundant in 2014) and there was Jack shit we could do about it. Our outgoings were more than our incomings. We lost everything. The house, cars, EVERYTHING.
So your “proper order” means fuck all in the real world.

I earned 10k he earned 15 plus overtime.
1997.
South East
2 bed terrace garden and own parking

£3250, 1970, Keighley in West Yorkshire. OH refused to have central heating as it was £200 more!

@toffeepennie sorry to hear that. That's the trouble, there's just no job security anymore.

When my parents started out it was the early 70s, council homes were aplenty and a job was pretty much a job for life.

My DH and I between us have lost our jobs 7 times. 7 TIMES. And we are both under 40.