This is what she had to say about getting on the property ladder as a first-time buyer…I’m 25 years old, and my boyfriend is 26. I work as a strategist within PR and he works in data analysis in the Civil Service. We’re based in East Croydon, which we absolutely love.It’s in East Croydon. We absolutely love the area. You can get pretty much anywhere from Croydon – the transport links are amazing, and it makes you feel like you’re never too far from anyone.
I think it would also be remiss not to mention that I was very fortunate to receive a sum of inheritance money from a grandparent that really helped us bump up our deposit from the 10 to 15% threshold.It was probably one of the least painful elements of the process. We were already with the bank that we decided to get our mortgage from, so that made it a lot easier.
After a lot of financial sit-downs, we realised that with our savings we could probably afford a decent deposit, and worked out that we could be paying a mortgage of £1,300 a month for a whole house compared to paying more in rent for a one bed flat that was nowhere near as nice.We found it via Purple Bricks, as we found the process of pushy estate agents clearly after commission quite tiresome.
We were lucky in that a lot of family and friends donated furniture and things to help us get by, and then the longer we’ve lived here, the more we’ve swapped things out with furniture that we actually want, but I think it’ll be a very long process. My mum always said a house is never finished and I’m starting to see what she meant.
These people who for some reason are in the press about this, have either lived at Parents home rent free to save or also received a inheritance. This one ticked both boxes!