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Around here in the North East of UK you can easily buy a house for around £100k. It won't be amazing or anything, but with banks offering 5% deposit mortgages p
by gambiting 4y ago
Around here in the North East of UK you can easily buy a house for around £100k. It won't be amazing or anything, but with banks offering 5% deposit mortgages pretty much anyone can save up for it and get on the property ladder. Of course the situation down south is completely different and the closer you get to London the more impossible it gets to ever buy your house.
- pharmakom 4y agoThe trouble is even that is a challenge outside of the London job market
- midasuni 4y agoFor comparison that’s about 5 times minimum wage at 35 hours a week. You’d struggle to get a mortgage on your own without a £20k deposit but as a couple certainly no problem, and many entry jobs in supermarkets etc pay more than minimum wage.