does anyone earn less than £25000 a year and mortgage?
Discussion
The girlfriend and I are currently saving for a house.
We have a way to go yet though, she is a carer (9k a year)
I was an apprentice up until 2 weeks ago (8.5k a year) Im now unemployed.
We have saved 2.3k in the past 4 months on this wage which i don't think is too bad. But i highly doubt we'd be even close to buying a house, even on the first buyers government scheme. Makes it worse that we live in the South East. Cheapest house price in our area (the girlfriend wants to live within 30 mins of her parents house) we can find that is 'good enough' (obviously not setting our expectations high, but also don't want to live in a complete dump) is 180k.
Looks like i wont be leaving home till i am about 30.
We have a way to go yet though, she is a carer (9k a year)
I was an apprentice up until 2 weeks ago (8.5k a year) Im now unemployed.
We have saved 2.3k in the past 4 months on this wage which i don't think is too bad. But i highly doubt we'd be even close to buying a house, even on the first buyers government scheme. Makes it worse that we live in the South East. Cheapest house price in our area (the girlfriend wants to live within 30 mins of her parents house) we can find that is 'good enough' (obviously not setting our expectations high, but also don't want to live in a complete dump) is 180k.
Looks like i wont be leaving home till i am about 30.
crazy about cars said:
Does anyone even earn under 25k these days?
Was that a serious question or just your attempt at humour?Now you've made it, you've forgotten what it was like before you got there. Or was it all handed to you on a silver spoon?
I don't earn under 25k but pretty damn near it. Where I work there are around 30 employees, well over half will be on under 25k. That will changed when shifts are on but the work isn't there at the moment for that
Juanco20 said:
Was that a serious question or just your attempt at humour?
Now you've made it, you've forgotten what it was like before you got there. Or was it all handed to you on a silver spoon?
I don't earn under 25k but pretty damn near it. Where I work there are around 30 employees, well over half will be on under 25k. That will changed when shifts are on but the work isn't there at the moment for that
Whoa... chill.Now you've made it, you've forgotten what it was like before you got there. Or was it all handed to you on a silver spoon?
I don't earn under 25k but pretty damn near it. Where I work there are around 30 employees, well over half will be on under 25k. That will changed when shifts are on but the work isn't there at the moment for that
First of all the question is too general. Under 25k could be 1k/annum. OP could've been more specific. When was the mortgage taken out? Pre and post Lehman has massive different.
Where I work there are many people under 25k too but they can find a mortgage because they have worked hard for many years, unlike the scroungers who get free house without effort.
I was on less than 25k as was my wife when we bought our first house for 100k but this was 11 years ago so in today's money it was probably about 25k now (ish) per year each, we were both on circa 20k then.
I remember then our lifestyles being much more toned down then they are now and that was on 2 decent starter salaries and a relatively inexpensive house.
I remember then our lifestyles being much more toned down then they are now and that was on 2 decent starter salaries and a relatively inexpensive house.
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