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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:
Itwasntme1 · 03/04/2020 23:26

2003 £85,000 two bedroom new build City centre apartment.

Hated it😳. Sold it two years later for £130,000. Ugly little goldmine😊

AllForAnEasyLife · 03/04/2020 23:27

2018 £382,000

Saved whilst working. Had no help

Fi57 · 03/04/2020 23:29

£11,900 one bedroom tenement flat in the Scottish capital, we were 20 & 21 at the time, loved that flat😊

Fi57 · 03/04/2020 23:30

Oh forgot to say it was 1979!

torthecatlady · 03/04/2020 23:32

£100k in 2015 (South Wales) large 4 bedroom Victorian terrace with 90% mortgage. Still here and will be for at least another 10 years I suspect, unless we win the lottery!

Toddlerteaplease · 03/04/2020 23:32

£137k last August. My landlady and I agreed a middle ground between the highest and lowest valuations. I got a bargin!

NanooCov · 03/04/2020 23:35

£36k. One bed (plus box room) with shower room and open plan kitchen living room in central Edinburgh in 2000. It was the era of 100% mortgages from Northern Rock. I didn't even have a permanent contract - was on a grad scheme. Madness.

torthecatlady · 03/04/2020 23:36

Missed how we afforded it. I saved solidly for a few years for the 10% deposit, dh saved for a year for the solicitors fees.

Glorifiedg · 03/04/2020 23:39

26k for a 3 bed terrace in Lincoln. 1994.

RaspberryIce · 03/04/2020 23:40

£128 k - 2002 - Surrey - 2 bed Victorian terrace

RaspberryIce · 03/04/2020 23:41

Afforded it by saving 15K deposit then spending our salaries on paying the mortgage

Spanglybangles · 03/04/2020 23:42

1 bed flat in a city bought on my own in 2005 for 50k, sold it 2 years later for 90k, could have got a bit more but sold privately to someone I knew without having to market it.

Parky04 · 03/04/2020 23:45

1996 3 bedroom semi detached £67000.

L0bstersLass · 03/04/2020 23:48

1999 - 3 bed semi - £86k
My dad lent us the deposit interest free. The mortgage was cheaper than our rent and we paid him back within a year.

We sold it in 2003 for £170k
It's recently sold again for £315

We were so lucky that it double in price so quickly meaning we could afford the house we live in now.

L0bstersLass · 03/04/2020 23:48

£315k obviously!

Spanglybangles · 03/04/2020 23:50

Oh yeah and zero deposit, was a northern rock up to 120% mortgage job so I paid off my credit cards and decorated and furnished the flat etc with the extra. Crazy when you think about it, I just decided I fancied buying my own place after saving nothing, got an AIP and bought just like that....but market was insane so worked well as I made so much on it in that 2 years.

onceuponatimeinsuburbia · 04/04/2020 00:00

1994 south Manchester suburb. 2bed terrace. Paid £50k did lots of work myself, no bank of mum and dad, no inheritance. (As if 🤣) Sold for £195k 2000. Went out on a lying aka a wing & a prayer - Bought 6 bed detached wreck for £350k. Did it up myself over 5 years. Carried on updating as funds allowed. Last valuation 1.6 mill. It was and is my dream home ( also my pension/savings) Worked bloody hard on it, learnt a lot of new skillls along the way, had full time job in nhs plus bar work etc for 10 years.

CharlieTangoBanana · 04/04/2020 00:04

It was a three bedroom semi detached house that had been empty for four years, damp, no kitchen and an overgrown garden.

It cost £17,300 I had saved up a £2,000 deposit.

1981 and I was in my early 20's expecting my second baby and married to an arse who I divorced three years later.

The house was last on the market in 2016 for £395,000

squishedgrapes · 04/04/2020 00:07

2 bedroom flat,London, £75,000. He was a city wanker and over paid , I was a junior researcher and definitely not paid enough. We split up five years later

squishedgrapes · 04/04/2020 00:08

Oh sorry, 1991

user1511042793 · 04/04/2020 00:13

1990 £48000 it was 3 1/2 times my wage with a guarantor. Which was the rules back then. I worked full time plus bank to afford it.

HPandTheNeverEndingBedtime · 04/04/2020 00:17

£40000 2016 right to buy my 2 bed council flat, money came as a gift/loan from my parents and was the inheritance they received after my grandparents died. I pay parents back the same amount my council rent was until its all paid off.

lightlypoached · 04/04/2020 00:36

@Purpletigers my kids are Londoners. The cheapest flat in our area is £450,000. So,no it's not that easy.

Historyofeverything1 · 04/04/2020 00:50

1999 3 bed terrace for £40000. Was in reasonable condition to.

earsup · 04/04/2020 01:08

1989 huge 3 bed flat in e London leytonstone..near the tube..cost 19 k..!! But interest rates were high then also about 9% or more I think.