I didn't have a deposit
we bought our flat while it was being built by a developer, they paid 5% deposit. 2 years later we sold it for a £22k profit.
( Vipros. clever got me this far, then tricky got me in, Tue 29 Mar 2011, 12:52, 1 reply, 15 years ago)

Maybe I'll get lucky with something like that
I have access to 10k for a deposit, but nowadays I can't get a mortgage unless I have 20-30% deposit. As a first time buyer, this is ridiculous.
( Labia Majora You keep on talking but it makes no sense at all, Tue 29 Mar 2011, 12:54, Reply)

yeah, we are struggling with that now
because we don't quite have even 10% equity in our place, despite all the improvements and stuff, because it's not finished the price seems to be low. Things are moving up though I think.
( Vipros. clever got me this far, then tricky got me in, Tue 29 Mar 2011, 12:55, Reply)

My only way of getting a house is if a family member dies
And I'd rather they not do that.
( Labia Majora You keep on talking but it makes no sense at all, Tue 29 Mar 2011, 12:56, Reply)

Genealogy is your friend
Trace your family tree up, across, and back down to someone old or terminal with no dependants. Ingratiate yourself.
( The Light in Chains don't touch the Pope's boner, Tue 29 Mar 2011, 13:00, Reply)

My grandmother lent me three grand, an ex matched it
and we bought a flat together 11 years ago that was worth 360k last year when she sold it.
( Monty Boyce, My cheese game is strong, Tue 29 Mar 2011, 12:55, Reply)

holy crap

( Vipros. clever got me this far, then tricky got me in, Tue 29 Mar 2011, 12:56, Reply)

House prices will always go up
And it looks like they'll keep going up disproportionately to wage increases. I've resigned myself to always renting accommodation.
( Labia Majora You keep on talking but it makes no sense at all, Tue 29 Mar 2011, 12:58, Reply)

Likewise.
It's a shame cos I'd have loved to have had something to leave daughter, but buying a house as a single person on an average wage has just never been an option.
( Noeli overtheshoulderboulderholderthingstraplatchboobs, Tue 29 Mar 2011, 13:06, Reply)

Nope, not for the last 10 years or so

( Labia Majora You keep on talking but it makes no sense at all, Tue 29 Mar 2011, 13:09, Reply)

I think I bought my first flat in 2001
just before the prices up here went mental
( sporters I’m sincerely gratitude to you, Tue 29 Mar 2011, 13:10, Reply)

10 years ago, aye
The parents of a friend of mine bought her a house to live in at uni (and rent out the other 3 rooms). Bought for 75k, done up for another 25k, sold for 350k a few years ago...
( Labia Majora You keep on talking but it makes no sense at all, Tue 29 Mar 2011, 13:14, Reply)

I certainly wouldn't have been able to do it if I were single

( Vipros. clever got me this far, then tricky got me in, Tue 29 Mar 2011, 13:11, Reply)

I was earning £20k in 1998
and paying a quarter of that out before tax in child support. Without the second income from a partner I'd have struggled.
( Noeli overtheshoulderboulderholderthingstraplatchboobs, Tue 29 Mar 2011, 13:19, Reply)