When is too young to buy as a young professional?

[mankieminj]

DD and her boyfriend are looking to buy a place together in London. DD is 23 and about to start training as a solicitor (on about 60k), but a job isn’t promised after 2 years qualification. If she did get one she’d be on big £ (over 150k aged 25). Her boyfriend is 25. He works in finance and is on around 100k.

They’re looking at buying a one bed flat together in a posh area of London. Might they be better to wait a few years before buying? And by then they might have the deposit for a two bed. I guess it’s always a risk about possibly losing your job, but for young professionals, when is “safe”.

I understand they are in a fortunate position and far luckier than most, but with their situation comes different risks/problems.

Hi OP, I'm a solicitor in London and I bought as a trainee. Mortgage brokers understand the way a training contract works, the majority of the time you get an NQ job at the end of it. If not, you will usually get a job elsewhere pretty quickly. I didn't stay at my training firm (it was awful) but only had a month between jobs.

I would just say, they should ensure they can afford it on one salary so if that does happen, she's isn't stressed (or she has sufficient savings). We can pay mortgage and all bills on one salary