To ask how much your first home cost you?

[redwinegulper]

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

£25k for a 2 bedroom maisonette flat in a big block in a dodgy area of Dundee on a 95% mortgage in 2004. We changed the dining room to a bedroom and 2 of our friends moved into the spare rooms with their rent pretty much covering the bills. Sold it after 18 months for £32k having done nothing but a lick of paint! Not sure if it's still standing or not as the area was being regenerated and a lot of the blocks were demolished.

£35k for a Victorian terrace in Nottingham City in 2002, with a 90% mortgage.

2018 - £265000 for a 3 bed semi in the North West. 90% mortgage over 35 years (hopefully we can overpay to get this down).
We saved up over 2-3 years and each had a Lifetime Isa, which really helped

£38,000 for a 3 bedroom house in Birmingham in 1991.

280k / East London / Victorian cottage 2.5 beds/ 2012 / 28 and 31 years old at the time.

Saved hard for the 20% deposit.

At the time we could have borrowed more but were terrified by the thought and felt a lot more comfortable about having repayments around the level of what we'd been paying in rent.

£48K, 1999, W Yorkshire, 2 bed stone end terrace.

It’s recently sold again for £120K

And to those who couldn’t live at home past 18 , was it because you wanted to live with your boyfriend? What’s wrong with dating ?

Among young people of my acquaintance, variously abusive and/or alcoholic parent(s), parents' relationship breakdown and them both moving to homes too small for child to move with them, parents emigrated while child at uni, parents relocated to different part of country, parents' home repossessed, and, in one sad case, (lone) parent died.

Shit happens, and sometimes it happens to people at a very young age.

£300,000 in 2019 for a big 4 bed detached in Somerset.

My partner had previously owned, and this we bought together, and my parents gave me a lot of money toward it.

58k in 2016. Our deposit was only £5800 so we saved.

Though my parents house was £90,000 in Wiltshire back in 1994, it’s now worth £495,000 - they’ve done a lot to it but the difference is astounding!

1980. 3 bed village semi. £22,500.

£2000 deposit. That cost was the sum of our annual salaries before tax.

That house (with extension, it was a lovely big plot) now worth over £400,200.

Mad

£29k for a one bedroom flat in Scotland in 1997 on a 100% mortgage guarantored by my parents while I was still a student. The mortgage was £20 cheaper that the rent I was paying for a similar flat in the same building. I still own it. The mortgage is almost paid off and I will sell it to pay the deposits for my kids when want to buy their own homes.

NW England mill town. 2 bed terrace ( but with a shared garden, I loved that garden!). £45,500. Deposit paid with savings, credit card and small inheritance. 1996. Stayed 4 years.

In 1982 - a 2-bedroom semi in a cul de sac. It cost £19,500.
Just looked it up - it sold for £167,500 in 2016!!!!

I just looked up how much ours was when the developer put it on the market in 1973, £6,760!!Obviously things are relative, but god how good it would it be to buy for that now!

Just bought for the first time in February - got in by the skin of our teeth, considering what’s happening now.

261k for a two bed flat in a part of south east London where two bed flats are normally 100k more. We’re 39, have 3 DC and I genuinely never believed we’d be able to buy. It needs modernising, hence the lower price but I love it. Owning somewhere really feels so different to renting. It’s old and a bit grotty, and we will outgrow it in a few years (and will have to deal with that somehow then) but I absolutely adore it.

I had an inheritance and me and DH saved up. 10% deposit.

2011. £135k. Small two-bed, Cardiff. Savings and mortgage.

£29,500 in 1993. One bed flat above an off licence in a 'dodgy' part of East London (surrounded by social housing.) I bloody loved it and still miss it. Minutes' walk from gorgeous parks, canals and locks, flower market, city farm, gorgeous museum and galleries, lovely old library, good restaurants. I sold it for no profit to a friend. It's worth well over half a million now! Bizarre.

£50,000 in tear 2000
2 up 2 down end terrace.
Sold 4 years later for £120,000

2003 £126k maisonette in a London suburb. 95% mortgage, bf and I bought together, we’d saved the deposit and were both working full time no kids

£125000 in 2017. It was a hole of a place and needed everything doing to it. Similar properties in the street are now going for £210k. Commuter town in the midlands 😊

£225000 for a 2-bed flat in 2017. Paid for by my DH with money he had recently inherited

1997, £60,000 split level maisonette bought in the crazy days of 100% mortgages.

Sorry that should say 1987.

£185,000 in Surrey, 2004. It’s recently sold for £350,000 - 3 bed terrace. I’m currently renting, I am saving to buy, but won’t be in Surrey, even though I earn 45k a year I can’t afford anything in Surrey. So heading back to my native north wales once DD my youngest leaves school. At 43 I need to get my mortgage going, but fortunately living rent free at moment so saving as much as possible