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

27 but only coz DH had a good deposit. I'd have had no hope on my own

First house, I was 35 with 25 year mortgage.

Second (and forever) house I was 40 with 20 year mortgage.

Back in the 90s everyone in my friendship groups was buying at 21. I couldn't afford the deposit and really felt like I missed out. Thankfully, career (and salary) really took off, so it was all fine in the end. It's a different world now. I don't see any 21 yo buying property because property to salary ratio is ridiculous.

37 with a 20 yr mortgage. But will move again in a few years so we'll see...

36, with 25 years. I’d only settled on where in the country I wanted to live about a year earlier though.

Ah this is interesting. Bought at 32 in SW London on my own with a redundancy payment and parent/grandparent help for deposit. That was in 2011, if it had been 2014 then no chance.
I was a nightmare with money in my mid 20s and had to spend about five years paying those debts off before I could buy.

22 for our first house and we then moved at 30 to hopefully our last house on a 20 year mortgage but aiming to have it cleared by the time we hit 40.

23, in the SE. DH was 26.

39 with a self declared, interest only mortgage. Can't remember the term.

21, on my own - but I worked in a bank in those days. Moved many times, became mortgage free at 40 thanks to an inheritance from my lovely mum. Just sold our house and hoping to move to our final home nearer my lovely daughter, husband and their new baby. I'll be looking after the baby two days a week! So excited. We'll be buying a cheaper, more practical house - if it all goes through - it's a lovely four bed detached with a small walled garden - perfect for the next stage in our lives. It's in a nice country area but near services - things you have to think of when you get to your sixties. I feel for young people, so different and more difficult now due to ridiculous house increases. We gifted our daughter and son-in-law their deposit - otherwise they would still have been renting.

I was 22

27. Have moved since and now in mid 30s and have extended the term back to around 27 years as we pay a lot on childcare at the moment and I work part-time. In a few years when childcare costs are less will reduce the term on mortgage to pay it off sooner.

Try not to focus on age too much, there are a lot of other factors at play. Some people may have bought young but at the wrong time and ended up in negative equity.

I was 25 when I bought a shared ownership house with DP (now DH).
We sold it when I was 32 and used the equity we had it as a deposit to buy a regular (I.E, non-shared ownership) house. Even then we've had to buy it on a 30 year mortgage (we live in the South East so housing is expensive).
I'm hoping eventually when our DD's are older and our childcare costs go down we can start to overpay on the mortgage and reduce the term a bit though.

Just managed it last year, only because of an inheritance. I'm 32, DP was 36 at the time. We've gone straight for a 4 bedroom family home because we had DS already!

20

37, I was spending and not earning too much before then. Met my Partner sorted my finances out and we bought our home 2 years ago. Overpaying so the mortgage will be done in hopefully 15 years instead of 25.

I was 27. Back in the days when you could have a 5% deposit. I have a career with a long training so didn't get to a good graduate wage until 25. Then I flat shared and saved like crazy, got my deposit and went for it. I took in a lodger at first to help out with bills.

I was 25. It was down to luck really, generous parent who allowed me to move back home whilst I saved for a small deposit. Budgeted badly and had to put some of the fees on a credit card in the end as wasn't expecting £4K in fees. Bought on a 5% deposit scheme with 20% equity loan, so mortgage is small but 20% of the house is not actually mine. (And another 45% is theoretically owned by the bank!). The other 35% is mine thanks to increase in house prices since I bought.

Mortgage was over 29 years, most of that still to go!

27 - in early 2000s - a tiny do-er upper in a crappy area, with awful neighbours! 2nd house bigger but worse condition. 3rd house in actual nice area. Lots of mortgage still to go.

29, with DH. Just a very small, ordinary house in a decent area.
Widowed with 2 young DCs in my early 40s so life assurance cleared most of it, thank god. Chose to keep a very small mortgage for various reasons, which will be paid off at 65.

First at 23 but have moved since to a more expensive area in the country so at 34 we have a 31 year mortgage. Not great but we'll be working until at least 67 so it'll be paid off by the time we retire. Plus ones the youngest isn't in childcare we should be able to make some over payments.

Bought mine at 32 with a 25 year mortgage. Got a 5 year fixed rate though which I think was worth it

25 and mortgage was for 16 years. We will be remortgaging to the standard 25 at some point soon though unfortunately.

I was 24. We bought our second a couple of years ago and in theory will be paying our mortgage until we are 63/65 it in practice we hope to shave some time off that in the next 20 years.

23

I was 27 and it was in 1982.