Will I be renting forever

[user1480436542]

I am 35 years old, I left London to move to Midlands as I thought it would be cheaper. I only earn around 24000 and only have a deposit of 10000. I am very worried about the impact of HS2 of housing in the West Midlands.

It’s quite a big place the Midlands specifically where is it that you’ve got in mind to live ?

So potentially you are looking at buying a property up to 118k.
Are you single ? Childless ?. I'm sure you could find something in that budget .

It is cheaper in the West Midlands than London, but your income and savings are quite low for your age so you may struggle. What is the price of a one bed flat where you are looking?

You could look at shared ownership then as your income increases you could step up to gradually own more of the property until it is 100% Your own.

You can get a 2 bed terrace in places like Stoke or Telford for 100k. Worth a look, some are not in bad shape.

Many thanks for your help

yeah I am single would love to find a partner. I moved up to Birmingham very recently and I don’t know anyone here. I moved for a job but the money I am getting is low. I am struggling. I know I should be grateful that I have a job. I don’t know if I should move back down south where my friend and family are. I could get a better job

Houses are so much cheaper there than down south, and it's a densely populated area, so there's plenty of opportunity to make new friends. As you've only recently moved, you're maybe feeling a bit lonely. In the longer term, it may be the best thing. If I were you, I'd concentrate on making friends, settling in, doing well in your job so that there may be opportunities for promotion, and see how you feel in a year's time.

I moved to the midlands from London. People are so much more friendly here. I worked at it, but now have lots of lovely people to do stuff with. You’ve no hope of ever buying down south…….

Where do you work in Brum ? Il
Find you a flat .. I grew up in Coventry the train links are brilliant