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How old were you when you got your first mortgage ?

(103 Posts)
Aveline Thu 08-Dec-22 11:28:49

I was 21. DH was 23.

ExDancer Thu 08-Dec-22 11:27:56

We were both 21, both working but they based the amount we could borrow on the man's wage.

Floradora9 Thu 08-Dec-22 11:26:32

The average age of a first-time buyer is now 37. This quote from the Times .
We bought our first house in the 1960s DH was 24 and I had just turned 24. It was a little bungalow with two bedrooms a living room and a bathroom. The heating was a coal fire in the living room and we lived in a very cold place. The couple who sold it to us were so mean and we were so unworldly . They stripped every lightbuld all the bathroom fittings and even left a large hole in the bathroom wall where they removed a fixed heater. We just accepted it . We were in some ways lucky ( and in others very unlucky ) DH had lost both his parents and I had lost my father so we had a bit of money to use as a deposit. We agreed to buy the house then DH went down to the building society to arrange a mortgage . He was told he really should have done this the other way round but they accepted us. We sold the house a couple of years later at a small profit as DH had been moved to another part of the country.