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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask how much your first home cost you?

722 replies

redwinegulper · 16/04/2019 00:41

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

OP posts:
Numptysod · 16/04/2019 02:03

2015 260 2 bed semi detached small 2 up 2 down

Purpletigers · 16/04/2019 02:03

Of course our children will be able to afford somewhere to lived they want it enough , they just might have to be less fussy about where they choose .
Teach them to save as soon as they can .

superhappymagicforest · 16/04/2019 02:04

£236k in 2013. My dad gave me £60k.

Hollyhobbi · 16/04/2019 02:15

Dublin 1995. Cost £59,950 old Irish punts!! Worth approx. €400,000 or so as it is near the new children's hospital and the light rail system and the city centre! Could have sold it for €500,000 in the Celtic Tiger madness years!

Smellslikemiddleagespirit · 16/04/2019 02:16

Of course our children will be able to afford somewhere to lived they want it enough

Yes, my DS has just had an offer accepted! So thrilled for him. £160k 3 bed house in Lincolnshire. He's saved for a while, we gave him some money, had some help from Forces 'help to buy' scheme, and got mortgage for the rest.

Hollyhobbi · 16/04/2019 02:19

Savings (cashed in an insurance policy back when you could make some money on them) and was working as a nurse plus my parents helped with deposit. And a mortgage of course!

lboogy · 16/04/2019 02:36

180k two bed flat in London, 2008. Made it out of the recession. Phew!

HomeEdRocks18 · 16/04/2019 02:37

£37,950 in 2000.100% mortgage so no deposit. Saved up for survey and solicitor fees

AmICrazyorWhat2 · 16/04/2019 03:00

About 210K (in pounds) in 2006 for a five-bed terrace (in American city). Still live in it because we can't be bothered to move and it has plenty of room...but always needs work done, we've replaced just about everything.

I think it's appreciated about 30K (pounds) as house prices haven't skyrocketed in the same way here.

amandacarnet · 16/04/2019 03:33

£29,500 in 1993. Sold it at a loss five years later.

3in4years · 16/04/2019 04:47

£135k in 2013.
PIL helped with the deposit.

Mememeplease · 16/04/2019 04:54

1990 £38k 100% mortgage on my own. Needed a lodger due to the high interest rates. Sold it 7 years later and made about £50 profit after costs, but was really pleased I wasn't actually in the negative equity that so many people were in at that time, due to the recession.

Zoflorabore · 16/04/2019 04:55

Ex and I bought a house in 2001 for £54,000 but was a shared ownership property so mortgage was for £27,000 and rent on top.

It was a 3 bed modern semi on a lovely estate. We split up and I left and he sold it a few years later and we split the money.

It would be around £150k now.

Catren · 16/04/2019 04:56

£360k in north London in 2012. A two bed flat. Both of our parents lent us money for the deposit, sold for £510k a few years later.

IJumpedAboardAPirateShip · 16/04/2019 05:30

£185K tiny 2 bed in zone 3 in London just as prices were starting to recover after the crash, we were very lucky to get in with a 15% deposit just before they locked down on FTB. We saved and borrowed money from my grandad, parents and brother for combined deposit of £27K

Valued last summer at £365K but I imagine that’s fallen a bit now, but unlikely to go down to what we paid for it

BasilTheGreat · 16/04/2019 05:35

SE London 1998. A 2 bed terrace for £72,000

HBStowe · 16/04/2019 05:38

£250,000 for a detached 3 bed in 2014. Deposit was part savings and part a loan from my parents which we’re paying back monthly.

Bloodybridget · 16/04/2019 05:42

£42,000 in 1992, inner London, one bed ex Council flat. I was so lucky to be able to buy it!

JuniorAsparagus · 16/04/2019 05:51

£13,000 for a tiny 3 bed semi in 1979. We had help from DH's father, and even then the mortgage was a stretch. Sold it 5 years later for £16,000. Cheap area.

ChipSandwich · 16/04/2019 05:54

Bought a doer upper for £25,000 in 1980. Added £20,000 to mortgage for the doing up. Now valued at approx £350k. All done on husband's income as I unexpectedly became full time carer for family member.

user1480880826 · 16/04/2019 05:57

£540k in 2014 in central London. Bought with savings.

2018SoFarSoGreat · 16/04/2019 06:00

San Francisco 1993, new build 3 bed, 3 bath duplex, 240,000. Saved 40k and borrowed 8k from friend for deposit. Sold for 500k in 2003.

Erismorn · 16/04/2019 06:05

£270,000 for a big four bed Edwardian semi in the south-east, 2012. Paid cash (£285k all in with fees and stamp duty). Sold it in 2016 for £350,000.

MinnieMountain · 16/04/2019 06:05

£110,000 in Peterborough in 2006. Sold it for £130,000 in 2016.

BoomBoomsCousin · 16/04/2019 06:06

49k in 1993. 5k deposit borrowed (under the table) from PiL. Then the mortgage and repayment of the loan to PiL came to significantly less than our previous rent had been.