To ask how much your first home cost you?

[redwinegulper]

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

I was 20, 2 bed semi cost £29k

£54,000, I bed flat East London, 1987. 4x salary 100% mortgage

Far easier to get a mortgage back then, but my dad stood as guarantor

I’m talking about the eighties when house prices were sensible and wages were great, relatively speaking. I don’t know anyone who has had a 100% mortgage in a very long time, even 95% mortgages have disappeared since the global banking crisis of 2006/7

85k in 1991. Our first married home. Still here.

£295k for a 2 bed mid terrace in south London in 2015 when I was 30. Bought with some savings but mostly inheritance and 5% deposit. Sold in 2018 for £350k. No idea what it is worth now.

Dh bought his flat in 1999 for £68k

Sold in 2008 for £150k and we bought our first house for £225k

Sold that in 2014 for £280k and bought current house for £500k.

We’re in the SE and I’m not sure my nearly adult kids will be moving out any time soon, we’re not in a position to help them. We didn’t have any help either but my younger siblings did or they would never have got on the ladder. Thank god for my sensible DH. I was still partying when I was 24, he was investing.

@PieceOfMaria
Oh yeah I know, my parents got on the ladder then and they ‘relatively speaking’ had much lower paid jobs than us... it’s a bit disheartening but the sad thing is even if we were offered 100% mortgage we would still be a million miles off

£110 3 bed terrace.

100% Northern Rock mortgage in 2006 so no deposit needed.

DH and I were 25 year old. Joint household income of £35k.

Also added our legal fees to the mortgage loan, which was part of the deal.

Parents drove a self hire van to move us in.

Fell into negative equity in the 2008 crash, sold in 2016 for same price we bought it for

£350,000 in 2010

One bedroom new build flat in the Midlands in 1991, £34500. I was 21 and he was 22, we had a 95% mortgage and we both worked full time.

£7,500 in 1977.

Both worked and scrimped and saved every penny we could and it was a wreck.
Sold my half in 1982. Valued at £19,500. On right move a few year’s back it was £450K!

£95,000, 3 bed semi in the north east. 2014. Probs worth around 115000 now (well was before all this..)

12,500 for a 2 bedroom mid terrace in 1983. Did a lot of work on it and sold it for 18,500 in 1988

£158k in 2015, 3 bed semi in south east Wales. parents helped with the deposit. Mortgage is up for renewal soon and I'm worried it's going to be bad due to coronavirus/looming recession. I think it's worth £200kish now as house prices went up after the bridge tolls were abolished. We are unlikely to ever buy another house.

1998 2 bed end of terrace in expensive south east £80,000.. now worth about £350,000😱

£105,000 in 2015. Got a promotion at work and put the difference to one side for a year to boost my savings. Just about scraped a 90% mortgage on my one salary

We moved into our house on 17th April 1970 we paid £6,150 which was a lot of money in those days we put down £2,000 deposit was part of an inheritance I had and our mortgage was £39.00 a month which we paid off over 20 years ago. We have extended the house downstairs cloakroom and extension on the living room and they are now selling on our estate for approx. £550.000. We have been very happy here and are in a good location last station on the tube line going east and also have the mainline going into London and to Southend to the east. The bus stop is around the corner which as we have our Freedom Passes we usually use a lot when we are not in lockdown.

£880,000

2020

Worked hard, saved. Remortgage on another property my husband owns

£108,000 Midlands. Just a 2 up, 2 down terrace. 2014. Worked 2 low paid jobs for about a year, saved up for the deposit, scrimped on everything else. Had no time for a social life so 🤷 that gave me the deposit. Got my first 'proper' job in my career plan which gave me the wage and 'contract' needed for a mortgage rather than the hourly paid work I'd been doing before.

2002, £65k for 3 bed semi dormer bungalow in a bad area of a cheap town.
Sold it in 2006 for £110k.

£240,000 3 bed semi in 2014. Sold it for £310,000 in June 2019. Bought a 4 bed detached for £415,000 that we will have for at least 10/12 years (if it doesn't crash in the 2020/21 financial crash) and we have to sell 🙄

$490k Australian dollars in 2015.
Seems insane if I stop and think we spent nearly half a million dollars.

2018 , 3 bed semi with large garden and good location for work. Bargained the seller down to £162K , they wanted £168K but it needed a lot of work. DH and I had been saving for a long time, I was 24 at the time and he was 23.