To ask how much your first home cost you?

[redwinegulper]

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

2012 - neglected 2 bed terrace in need of lots of updating for £85,000. Put in a lot of work to bring it up to date - tiling, istalling radiators, bathroom ourselves. Sold it last year for £140,000.
We now have a spacious 4 bed victorian terrace backing onto green fields for £255,000.
After years of paying high rent from 1999 - 2012 I feel very lucky now.

£27 000 in 1980. A small detached house in Strood.

About £50000 for 3 bed semi in Midlands city in 1996. Had saved a large deposit between us and mortgage was based on one wage.

Dh had lived at home. I never went home after university but did go straight into a graduate job and saved a lot ( continued to live in shared student style houses) which had fairly cheap rent back then.

Just to add - when I bought my 1st house for £27 back in 1980 I was very lucky to be working for Lloyds bank, so I got a mortgage at 5% interest. The normal rate was 15%!

£27k not £27!

Thinking back it was a struggle in 1987 to get a mortgage as a single woman. I had to keep reminding them that the mortgage payments were significantly less than the rent I was paying. The mortgage was 95% and just over twice my annual salary.

Interest payments steadily rose and hit 16% at one point. Have never overstretched myself subsequently after living through that.

1991 £40,000 for a terraced house in Birmingham.

£115,000 in 2014. 3 bed semi near to a town centre in a smallish town. Area isn’t fancy or anything but is desirable as it’s in the hospital area.

We were first time buyers and were able to put down a 5% deposit, which we’d saved pretty fast due to some out of hours pay enhancements I used to get. I took on extra, knowing that they wouldn’t keep offering generous enhancements (they stopped about a month after we moved in).

1999 £190,000 for an absolute wreck of a house. 4 bed semi in SE London.
After 10 years we sold it for £550,000 but it's on the market now for £990,000.

£86k 2 bed end of terrace new build. Bought with DH at 20 years old in 1999. London suburbs. Deposit was made up of my life savings. Sold it 4 years later for £166K.

£17,500 in 1987 for 3 bed end terrace in Coventry. 100% mortgage. I was 19. Sold two years ago for £130k.

1972, £5.500 4 bedroom house with 100ft garden in Hampshire, sold for £223.000 in 2008.

£37000 in 1986 in Brighton
100% mortgage
Probably worth 300k now
I moved back north 2 years later due to new relationship so never really benefitted from increase in prices

1984, lovely cottage for 25,000, I was 20 and DJ 19.
Now in our 4th house, bought in 2002 for 200,000 and just had it valued at 1.3 million. Hardly done a thing to it.

DH not dj

2001 in Oxford cost £210,000. Worth an absolute fortune now. We couldn’t afford to buy it.

£160k for a 3 bed terrace in a sought after area in 2009. Parents gifted deposit. We still have it and rent it out and it's work approx £210k now. Just trying to decide whether to keep it or sell it.

£42,000 - Norwich, 1994.
3 bed semi with a garage in a block, ex MOD prison officer housing in a little estate next to the prison. Used to get jeered at from the prison occasionally when walking down the access road.

Mixture of savings, £5k gift from my parents and £30k mortgage from memory.

3 bed terrace in 1989. Cost £17,150.
We saved a £1500 deposit, and £500 for fees.

£40k in 1992. 95% mortgage on teacher’s salary. 5% deposit as a bank loan - we pretended it was for furniture.

£2.1m, London, bought last year. Both me and DH slogged for years to save up and then mortgaged the remainder. Hence why we waited until our 30s.

2014 Wiltshire 3 bed semi new build £203,000 sold last September £236000
Deposit (15%) was combination of savings and loan from grandparent which has been repaid. Used money gifted when we got married to purchase flooring and white goods.

£165k in 2005, in Edinburgh, on a 100% mortgage. We were both students with unusually well paid part time jobs (B&Q who paid very well if you worked weekends) and our parents acted as guarantors.

1974 (gulp!) - £4,000 - seems unbelievable now! But we had to mortgage ourselves up to the hilt to get it.