To ask how much your first home cost you?

[redwinegulper]

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

£220k. 2012. My DH had some savings from before we got together and we borrowed £40k from his parents to afford the deposit. Still paying it back..
House is worth about £320k now

£48k for an ex local authority house in Bristol in 1991. 5% deposit, £30k with a staff mortgage and remaining £15k at standard variable rate (which was about 13% at the time!). Sold for £68k in 2000.

1998 lovely 2 bed in the south east for £80k... currently worth £400k 😱😱

£189k for a shared ownership one bed flat in zone 2, London (2007). My initial share was 45% of that and then I got married two years later we bought (or rather got a mortgage against) the full property which had gone up to £225k by then.

Very glad to have accessed shared ownership when I did, I know some of the schemes aren't that great but the flat I bought was solid and it really gave me (and then us) a way into the London housing market. Now in zone 5 and have a four bedroom house in a reasonable area. We couldn't have done it without shared ownership.

One bedroom flat on South London/ Surrey border in 1986 for £41,500 - in the days of 100% mortgages! House prices were going up weekly - and I was lucky to get on housing ladder before it got really riduculous.
I was 22 and my parents gave me the money for the legal fees. Was on a fixed rate mortgage so when interest rates went up to 17% or whatever it was in the Thatcher yrs we were able to hold on to it.
All our friends who bought after us went into negative equity and many had property repossessed as couldn't keep up with the huge interest rates but as we'd bought before the housing price boom we were able to hang in to it.

£142,500 in 2015, 2 bed mid terrace in Peterborough.
£10k deposit completely self funded by me and oh.

250k in 2005 (3 bedroom terrace in London). DH and I bought it 2 wks before our wedding. Saved up a 30k deposit between us. Still in house and mortgage paid off Dec 18. House worth about 600k now. We spent over 100k adding loft conversion and downstairs extension for new kitchen.

80k in 2017, 2 bed terrace. We only needed 5% deposit which was all of our savings. It's not an area/house that will increase in value, but we will be happy to get back what we paid.

Our 1st and only home we bought 3 years ago for £124,000 with a 10% deposit. A really decent sized 3 bed Victorian terraced in the East of England.

First place was a 3 bed split level maisonette in Swanley, Kent in 1988. It cost £60,000 and we had a £3,000 deposit. Rented for a couple of years after that. Current property is in Greater London and cost £95,000 in 1995, bought with a £9,500 deposit. It was purchased as a 3 bed semi but we remortgaged in 2004 to add a double extension on the side and single extension on the back. Now 4 bed/2 bath, huge kitchen. Today it's worth approx £475,000.

19 bought on my own in a market town in east Yorkshire for £24,000 in 1998 £1000 deposit saved up from my wages which were £9500pa before tax. (I'd moved back in with my parents so my only out goings was running my car so very easy to save for everything) it was a 20 year straight forward repayment mortgage. 2 bed end of terrace with front and back gardens and small drive at the side.

£290K I think 2008. First time buyers at age 32 and age 35 with first baby age 8 months. Half deposit paid by us, half by PIL. Mortgaged to max. It’s not easy.

1997 30k two bed terrace in a midlands market town.

£135k - 2011. I'd saved just over £23k and my parents kindly gave me £10k. This gave me a 25% deposit. I was 27. The mortgage repayments were significantly lower than rent for a two-bed house.

£225k in 2014 for a 2 bed flat needing lots of work, Surrey.

Made £80k profit 4 years later.

Ridiculous amount of money really.

Flat £40k 1996 95% mortgage, 5% saved - rented a room out in it for £200 a month, lived in other one, paid off mortgage in 4 years and sold for £150k a few years after that.

My parents bought a house in 1964 for £1, 800 cash.

Our first home was in Hampshire in 1987 and coat £87, 000. Seemed like a huge amount back then.

£34k in SW16 1999. I was 21 and had a 100% mortgage.

£18,700 1983 Norwich

We bought our house 6 months after we married in 1970 in fact moved in 49 years ago yesterday it cost us £6100 put down £2000 and our mortgage was £39 a month. Over the years we have added an extension at the back extended the front porch and have a downstairs cloakroom. One in our street the same style as ours without the added extras is on the market at the moment for £550,000. House prices where we are in the South East are crazy as we are in a good area for commuting into London as on the last station on underground going east and also have overground trains as well. I can't see us ever moving as we are happy here after all these years.

Shared ownership two bed terrace 2005, our share was £45k. We got a 100% mortgage, just before they were stopped.

£21,000, three bed terrace in Leeds, 1989.

I was in my first job after finishing my PhD and paid the mortgage myself on my £9,000 a year salary.

2000, 65k for a West End two bed flat in a city in Scotland. 105 % mortgage. Sold for 138 3 years later. We didn’t know we were born.

£38000, 1998 - 2 bedroom maisonette in Birmingham. That was quite expensive at the time!
When we split, he bought me out at £64,000 then sold it two years later for £104,000!!!

£118k in 2013 for a two bed semi. My mum lent us a bit towards the deposit and we also used a help to buy scheme.

Definitely was cheaper for us to pay the mortgage than rent. Our mortgage was about £200 a month cheaper plus our car insurance went down as we had a driveway, etc