What age did you buy your first home?

[LouB1990]

How long is your mortgage for?

I am 30 and I’m concerned I haven’t bought my first home yet.

Thanks

22, sold at 27, unlikely will buy again.

I was 25. Mortgage over 35 years. 5% deposit. 2007.

A tiny flat in a scuzzy tower block on a South London estate with a bit of a reputation. Lovely views but piss on the floor of the lift and quite often globs of saliva on the lift buttons. The stairs were worse!

But it got me on the property ladder and was in a fab location within easy walking distance of the Thames.

I sold it for not much more in 2011, as most mortgage lenders withdrew mortgages on concrete high rise in the interim years so could only sell to cash buyers and developers.

I now have a little house on an estate in a village outside the M25. Without the compromises I made on my first property I definitely wouldn't have got onto the property ladder.

20 for first small 2 bedroom home and 27 for second big 4 bedroom home. Our mortgage is taken out over 30 years so we could get a better deal but we're quite sure we'll pay it off a lot sooner. We have had good fortune with generous family members who have given us a substantial amount towards it, money saved as a child and being very careful with our money. We have never been flashy and only been on 2 holidays in the last 10 years.

Forgot to say first mortgage was with a 25%deposit and was in 2012

27 in 1997, for £72,000, now have a £650,000 house with a £50,000 mortgage, hopefully finish payining it in 5 years time.

29, bought first house in 2012 for cash, up sized to a nicer area in 2016 and took a 25 yr mortgage, but have enough savings to pay most of it off if necessary. Live in the SE.

I'm 27 and DH is 28, we have 2 kids (7&3) and we private rent. Can't see us ever owning a home cause we're struggling to save a deposit while renting. Our own fault for getting pregnant so young I suppose 😬

29 with ex...but then split up (when I was 33) and later sold when I was 34. This was West Midlands and we bought for £155k.

Remarried and bought second house at 36. 30 year mortgage! Bought for £330k but was given £120k discount from DF. SE - commuter belt to London.

Am now 39 and we have improved all the house except kitchen. Drive and back garden also need doing.

Moving abroad for a few years to earn some money (our savings have been decimated). Will be able to sell house in SE and hope to buy a house in Northumbria with no mortgage.

I was just 20, but ex borrowed against the house and extended the term

26, housing association shared ownership

18, but it was extremely cheap as was in a bad state and luckily DH and lots of family members were able to do it up, so it didn’t cost much at all. This is definitely our forever home, I couldn’t imagine living anywhere else

23, it was easier when younger as could work many hours as no chidren and save the deposit.

Got our first mortgage after a year of marriage, aged 28. Sold that off and used capital from that and inheritance to buy where we are now outright, 17 years later. Lovely to own outright, but wish the people whose money helped were here to see it and visit it.

26 in 1999

TOOK out a 25yr mortgage and overpaid most months. remortgaged Few times and reduced term each time

SADLY dh died and mortgage paid off tho not only had 4yrs left to pay and if alive would have taken 16yrs so 9yrs off via over paying and remortgaging and reducing term

I was 29 (in Londo,n about 15 yrs ago.) Fortunate enough to have significant deposit gifted by our parents.

I'm
37 but can't find anything to buy. Wish I'd done it years ago. But thought I couldn't afford it then.

22 or 23 in 1981/82. I can't remember how long it was for, probably 25 years but there were several after that. The multiplier was 2.5 times my salary. My salary was £6,000. That bought me a 1 bedroom flat in a traditional Victorian tenement in Aberdeen.

27. Only because my DP, now DH, has a decent deposit from selling a flat he had. I'd never have been able to at that age by myself

I was 39; DH and I bought a 4 bed detached house in a small market town for £390k.

At 43, we sold it and bought a 4-bed semi in a city (not London) for £635k. The mortgage is fully paid now.

DH and I bought our first place when I was 28 and he was 30. Sold 3 years later and tripled our deposit which was an inheritance from his grandparents. We got really lucky; bought just before prices went crazy in London and managed to sell just a few months before the Brexit vote.

Just bought again in 2017 and we have 28 years left now at ages 35 and 37. We don't intend to stay in it more than 20 years as the children will all have (hopefully!) graduated from uni by that point, and it's already worth considerably more than we paid for it, so our hope is to downsize and buy something mortgage-free once the kids go to uni.

32, bought jointly with my husband, in Surrey and a 35 year mortgage Trying our best to overpay as much as possible!

Me 27/DH 28
It was quite the do-er upper. In a horrible street with awful neighbours. But it got us on the ladder and we moved to a better one two years later...which was a slightly bigger do-er upper

31, but I'm going back 20 years there. House prices were already getting silly, but not as silly as they are now.

24, with partner, using 20% help to buy loan on a new build with a 5% deposit. Deposit came from money left to partner when his dad passed away 15 years ago. 75% mortgage over 35 years