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Thanks yes, your maths is better, 20% on top. Having to save for 5 years doesn't seem unrealistic for people who don't have the bank of mum and dad. Totally do
by ricardo81 3y ago
Thanks yes, your maths is better, 20% on top.
Having to save for 5 years doesn't seem unrealistic for people who don't have the bank of mum and dad. Totally doable - though below average house price in any area, preferably somewhere more affordable.
There are a lot of tax instruments available today that never existed a generation ago.
- matt-p 3y agoI do agree but I think not enough people become aware of it when they start saving. In a sense it would probably be easier on all if the government just said we'll top up your deposit by 25% upto the value of 5k when you buy your first house.
- ta1243 3y agoI'm not sure in what would someone on minimum wage would be able to afford to buy an average house You can get a 3 bed semi in dozens of towns across the UK though. Sure you won't be living in a 5 bed detached with a swimming pool on minimum wage. I don't see that as a terrible thing.