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

Interest rate 14%
The mortgage was 3/4 of my monthly wage then mrs thatcher decided to bring in pole tax.! So that tax went from£250 a year to £1500 overnight. It was hard but worth it. Although I’m now 50 and still don’t own a house due to Ex’s taking them

18. I'm 60 now though, it was much easier in the 1970s. I feel sorry for young people trying to start out now

Dd is 19 and looking to buy for cash something at auction in the next few months. It will probably be a tiny flat in a very cheap area miles away and her dbro is going to help her do it up for half the profit.

Dd and ds are doing diy courses and ds is qualifying in a particular trade.
I think if you put your mind to it then it is possible to buy still at a young age.

20 years ago when 23yo. Paid mortgage off in 15y, and bought a much bigger house on 25y mortgage (Although paying off quicker ).

21, 1981. Had help with deposit. 25 yr mortgage. Moved 86 to a house.

31

23

I was 18, 3 years ago.

Got ours 2017 I was 34 , better late than never.

Got house December 2017, married June 2018 had baby November 2018 ... the mortgage is over 33 years so have stretched to max ... but at least paying into
Our own property and own investment instead of someone else’s x don’t think you can’t do it ... that cripples progress ... figure out how you can.

With rent being the same as mortgage me and partner lived apart for 18 months back at parents and saved like crazy for both events ... nothing like age chasing your tail to inspire you x x

28, London. Bought our current house a few years ago in our early 30s, 30 year mortgage. We’ll probably stay here until we retire, or move to a similar but slightly larger place and stay there.

We were 33. We purposely saved up so we had a hefty deposit which meant a relatively small mortgage for what we regarded as our "forever home". Still in the same house 22 years later and we paid off the mortgage about 10 years ago. We made a conscious decision not to buy "starter" homes and work up the property ladder - far cheaper just to buy the right house the first time, even if it meant saving for several years.

34 and happy renting my housing association property. Won't ever buy my own home.

@LadiesFinishFights please don't take this the wrong way as it's not how it's intended at all - do you not worry what you'll do when you get to retirement age? Are you against buying? That was always my biggest concern when I was in a council house - the thought of paying rent for the rest of my life was scary.

If I didn't have a mortgage young then housing association is the next best thing. Security of tenure is great.

If you get to retirement age and are on a low income then you would qualify for help currently(no one knows the future).

But living in a house if you like the house and the area on a secure tenancy is just as good as owning imo.

I was 22 when I bought my first and only house with ExH, I got the house as part of the divorce deal and remortgaged as a lone applicant. Added a bit to it for home improvements - I am now 50

Bought it for £28,000
Worth over £250,000

Mortgage will be paid off in 5 years

Present DH and I are going to stay here until they take us away in the pine box. We are planning to old age proof it over the next 10 years...it's perfect for us, short walk into town, to a major train station, nice garden, 10mins walk from our allotment, GP 5 mins walk away. Bus pick up at end of street on main road, room for living downstairs in needs be, spare rooms for grandchildren.

We are going to be a major HS2 hub so will be quicker to get to London so could be commuterable...

this year at 23. mortgage is for 30 years

28 and that was 10'years ago. In London just before the crash of 08. Lucky I kept my job and weirdly didn't go into negative territory either

32. But we just bought a new house and had to get a new mortgage. For 22 years. so I'll be 65 when its paid off

27 with DH, 30 in 1999 for 25 yrs before DC.
House 2 in 2001 (job move). Increase in mortgage but not term efore DC.
House 3 in 2005 (job move). No increase in mortgage or term although more expensive house. 2 DC.
House 4 in 2011 (job move). Increase in mortgage for house renovations but kept mortgage term the same. Really focussed on mortgage overpayments as priority whilst DC at primary stage.

Various rental houses in between house sales and purchases. Technically paid off our 25 yr mortgage in 17 years (we deliberately maintain a miniscule offset to maintain access to a large amount of credit).

Now 47 & DH, 50. DC now at secondary school and we now focus on potential early retirement in 10 yrs’ time which ties in neatly with our youngest reaching 22.

25 and got a 25 year mortgage. Now only 9 years left on it. But was at time of 100% mortgages.

27 but this was 2000 and my flat was was £26,000! I stayed there 4 years. Sold for £40k profit.

I was lucky and I know it. Really feel for people trying to get on the ladder now.

23. I'd worked my bum off through uni and had been able to save, and then stayed in shared houses with very low outgoings till I got my house.

All my nephews/nieces are in their 20's and 4 out of 5 have bought a house now

Me 39, DH 40. Hoping/planning to have it paid off within 10 years.

23. 4 years ago.

21 with a discounted first time buyer rate of 13.5% :(

To be honest though I'd rather take high interest rates with a realistic purchase price. Looking at what houses cost today would scare the pants off me if I was 21 again and trying to buy my first home.

I was 18 ,my husband was 27 .This was back in 1981.Many moves and house renovations later we are mortgage free