Would you buy a flat to get on the property ladder?

[Spagbol78655]

Would you buy a flat in order to get on the property ladder or would you just keep saving until you could afford a house?

This thread has weird answers!

My first purchase was a tiny 1 bed flat, and my second a large 2 bed with a garden. My third purchase was my first house.

Seems quite normal to start in a flat to me!

(I didn’t buy my flats to ‘get on the property ladder’ though, I bought them to live in and they were what I could afford!)

Depends if flats sell reasonably quickly in that area I think. If I did buy a flat, it would need to have a balcony - unless I could sell fast.

Yes- as long as the service charges etc are low. We did and looks like we're able to sell even in this terrible market for flats (albeit not for as much as we originally hoped).

We've saved up a lot over the last few years (both in terms of equity through mortgage payments and savings versus renting a similar sized property).

Good luck! :)

@Chewbecca - yes lots of people buy a property to - you know - actually live in