I turned 25 a few weeks ago, and I’m still living at home with my parents. It really got me thinking about how much I want to move out and live independently. I think it’s a dream for a lot of young people to move out and have their own place, but it’s never as easy as you think.
Here in the UK, house prices are sky-rocketing. Getting a mortgage is almost impossible, especially for me – a single woman earning an apprentice’s wage. The government keep saying that they’re doing everything they can for first-time buyers like myself, but it still doesn’t help me.
I just happen to live in an area where properties are ridiculously expensive, it’s nothing like London, but it’s still pretty expensive. A two bedroom flat in a good area can be £200,000, and there’s no point in me even looking at houses! I’m from a family that never has had much money. My parents certainly can’t help me with a deposit for a house, and I’ve got no grandparents, so no inheritance to hope for. (That sounds morbid, but you know what I mean!)
I really am going to have to do this all on my own. Continue reading “How Do I Get a Mortgage?”