To ask how much your first home cost you?

[redwinegulper]

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

145k Staffordshire in 2013 3 bed semi. Sold last year for 190k.

I bought a flat in 2007 (about 2 months before the crash 🙄) with a deposit from my parents. It cost £149k. Sold at a loss a few years ago.

Dh is a few years older than me, he bought a flat for about £80k with a 10% deposit from his parents which he then paid back. That flat sold for about £140k a few years later.

We have since bought a few places together, first one sold for what we paid for it a few years later, next went up about £20k. Current house has gone up about £30k I reckon.

My parents did well, family home bought for £150k something back in the 1980s and sold for £400k in 2000. Then they bought a place for £250k in 2000 which sold for £725k in 2013

£37k 1998 with 100 percent mortgage. Sold it 5 years later for £87k which gave me a deposit for next place.

£65k, 1 bed flat, greater London. 1996. Now worth £370k!

1997 - £110k considerable equity but of course can’t afford a house in the same road anymore

£25,000 for a one bedroomed garden flat in Brighton in 1985. I was only earning £8k pa though.

Deposits iirc were 5% so for a 32k house I only needed £1600 saved for a deposit. So easier to get a foot on the ladder I guess. Interest rates in the late 90s were higher than now, my mortgage rate was 7.5%.

Teeny tiny one bed house on south Coast for £46.5k in1997.

£165k in 2011 for 2 bedroom bungalow. Now valued at about £260k.

1994, and it was £29,000.

My ex partner I bought it with is still living in it and the same curtains are in the windows. I moved out in 1997.

Sorry sent too soon, I saved for the deposit of £20k by working my butt off, never felt the same satisfaction in any property since

I wonder if the income the mortgage was lent on are proportional to the prices now?

What were the wages in relation to the mortgage?

£740k 2019 age 31 after consolidating our business costs and relocating to run business from home to save on rates/rent

i can only ever dream of the kind of prices the people in this thread are listing

i’ve been saving my whole life as has DH but it still meant having to leave London

1995, £11.480. 3 bed

2014, bought a 2 bed flat in a London borough for 250k (104k deposit given by my parents).

£205,000 in 2014. I was 25. We had a 25% deposit from the sale of my husband's first house. Zoopla estimates that it's worth £269,000 now.

£34,500 one bedroom flat in Brighton approximately 1995
Savings and mum lent me some of the deposit which I repaid.

£41,500 in 1993 for a 3 bed end townhouse in Nottinghamshire

1996 semi detached in Berkshire for £67000. Next door is on the market for £330,000. The cost of houses are ridiculous!

£31,750, in a small Lincolnshire town where property is still cheap. It was 1988 and I had £2k deposit and the rest was a mortgage. I also got a lodger. Best in mind my salary as a journalist on the local newspaper was about £10k. Still, pretty good going.

I sold it in about 1993 for not much more. Prices had gone up in 1989-90 then down again. Fine though, I bought it to live in, not make money.

68k in 1989. We were given the deposit by my parents as a wedding present.

I’m really surprised at the big number of posters saying they got help from parents, even 30 years ago. It seems “getting help” isn’t a new thing!

Ivykaty44

1978 we only borrowed on DH earnings. I think we borrowed 3 x salary so he would have been earning around 6K pa. Chartered engineer so a bit more than the average maybe but not mega bucks. We certainly felt poor and very vulnerable in the early years. Interest rates went through the roof and inflation was high. Still a stigma to any borrowing other than a mortgage too. Lots of second hand stuff including jumble sale baby stuff and clothes we the DC were born.

when the DC were born.

Just under £30k in 1997. Two bed main door ground floor flat with front and back gardens. Lovely high ceilings etc. I loved that flat

€405k, 4 years ago. Was extremely lucky to be gifted the deposit by PILs. We were mid/late 30s before we could afford to step onto the property ladder.