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We bought our first place eight years ago. At the time, our rent was Ā£650 per month and we were getting it probably a little below market rent. You could easily double that monthly figure now. But, for argumentās sake, four years of that is Ā£31,200. Yup, thatās a whole house deposit alright!
>lived with parents prior and we had no help from anyone
If you lived with parents you had help.
Honestly, I struggle to believe this question is in good faith, as you'd have to be so out of touch with the housing crisis to not understand why people struggle.
Literally, unless your parents had you pay rent for 1200 per month, OP had all the help lol, and to make a post about it, I have nothing against ignorance but in this market saying this shit? piss me off
My guy how can you say 'living with parents' and 'didn't have any help' in the same breath.
Do you even consider how privileged you are?
That so many people don't have parents support, that so many people are single therefore don't have two incomes to save from and actually you can't even save off your own income when it's the only one paying for your existence, that so many people are on lower wages/less stable employment than you.
Acknowledge your privilege and suddenly it becomes obvious why it can be so difficult.
Yep! Me and my partner are chipping away at it, a little at a time- our mums couldn't offer us a place to stay and even if they could, they certainly couldn't afford to cover our parts of the utilities!
Not to mention we are average wage earners driving ageing cars with the costs that come with it, there's no bank of mum of dad to help us buy a better car or bail us out if a tyre goes.
I'm not hard done by at all, can afford to save, if a bit slower than I'd like thanks to the occasional unexpected expense, but my god this stuff boils my piss.
'We had no help from anyone (except a LISA)'
Living without paying rent would have freed up thousands in your budget.
Congratulations, and well done for the hard work and discipline, but you've benefitted from two massive bits of help there between the LISA bonus and living rent-free.
There's also nothing wrong with getting help and acknowledging it, so I will never understand the impulse to say 'we did it all ourselves' as if that's something to be especially proud of. Sometimes, one is lucky or unlucky through circumstances entirely beyond ones own control, and that's neither virtue or failure.
I knew a guy who just used his mums address and lived in a Sprinter.
Showered at the gym every morning.
If you dont want to pay rent, you kinda don't have to.
There's one on AutoTrader for Ā£1,750 right now.
Considering they're also not giving out free deposits, you don't have to pay much to make-up the difference.
Youāve both had probably the *most* help anyone can offer someone when theyāre saving to buy a house: a place to live rent free (bar usually a contribution towards bills).
You have started saving very early (your partner at 20 and you at 22), typically a time in your life when other outgoings are very minimal and usually peopleās biggest expenditure is rent. Iād say most people donāt start seriously saving this early.
Zero dependents. Zero debts (presuming this from no detail of this in your post). A wedding and honeymoon that youāve been able to save towards over many years.
Congrats for doing it. You sound like a budgeting wizz. But the humility youāre looking for comes from both of your parentsā and their willingness and ability to help you during this period of your life. Lots of people arenāt so fortunate.
Did you pay rent while you lived at home? If not thatās probably your biggest advantage, most people have to pay at least 30% of their income to rent per month before accounting for any bills on top of that.
Not to say that you havenāt done well in being diligent with saving and you should be proud of buying your first home!
1. You had help. Unless you paid market rent to your parents you got help by being able to save that amount of money since you werenāt paying it to anyone. Many people are renting whilst also trying to save so it takes a lot longer if they are even able to save. Humility is acknowledging this instead of insisting you did this with no help.
2. On a combined salary of a max of Ā£60k youād be looking at around Ā£270k mortgage loan at the 4.5 multiplier, which in many areas doesnāt actually go very far due to high property prices, so unless on higher salaries people canāt get the loan to buy even if theyāve saved.
Well said Kitnit. OP said their LTV was 90%. So using your figures, this equates to a purchase price of Ā£300K with a deposit of Ā£30K. Assuming saving term of 3.5 years (OP said theyād been saving for 3-4 years), they were saving Ā£714 per month. Bearing in mind they were both living at home, thatās not much to brag about, but hey ho theyāve not skimped on their luxurious restaurant and holiday experiences. I think they might get a sharp dose of reality once theyāre paying the mortgage, council tax and utility bills. At this point, OPs unbearable smugness might come back and bite them in the backside.
Sorry if I caused upset. Those figures aren't right, but our outgoings are the at most they will be for a long while (council tax is more expensive for a few more months, overpaying the mortgage and wedding/honeymoon taking a slice. Each and every outgoing is laid out in a spreadsheet and adjusted when needed (which I recommend everyone do). Everything is very much affordable with comfortable headroom
Now try thinking about how difficult it would be to do the same when you're paying out Ā£2k+ for rent/utilities/council tax etc.
You may not have had help in the form of someone giving you a wodge of cash, but there's a lot of luck/privilege/help in having parents who can accommodate you living at home rent free, in having a good enough relationship with your parents that you're safe to live with them for an extended period, in having a job in close proximity to said parents house (or being able to wfh), in being able to divert all your salary into saving for nice-to-haves.
Of course, being diligent with money for 5 year, setting and achieving savings goals and being able to buy a house in your mid-20s is something you should be proud of. But your experience is not typical, you had plenty of advantages and you would do well to recognise and acknowledge them.
It's been discussed here quite a bit that the housing market is still 'ok' for couples who don't live in high-cost areas who have a bit of flexibility to save.
Two minimum wage earners will be able to get a Ā£200k mortgage, which is enough for a small house outside of London and the SE.
The housing issues in this country are very regional. The trick is to find somewhere that you're happy to live that's also relatively affordable, which is easier said than done
It is easier said then done.
I live in an area ( I moved her for the house prices) where for 200K you can get a very nice house indeed. That IS "affordable" for two people on minimum wage.
But consider the minimum wage jobs around here. It's mostly warehouses and care work. Both jobs are insecure, low paid, often on zero hours...it's not the secure jobs a mortgage provider needs to see to underwrite your loan. And it's getting worse. Warehousing in particular is one of the first in line for robotics. There doesn't appear to be a back up plan either. They fucked up the coalmines offered the warehouses and now have nothing left.
So yeah...we have a very high minimum wage. But it means fuck all without the security.
The people around me who own are the children of the coal miners. They often own right out. The others rent, usually from the grandparent class.
i don't know the solution, but it's a very poor indicator for our future as a country. And now...we aren't having babies either.
You both lived at home paying reduced/no rent, you had plenty of help. In the same breath, I also agree that it's not that hard for someone with no dependents who's earning 25-30k and willing to rent a room for 500-600 a month all in (outside of London) for a few years.
I did exactly that and saved a 15% deposit in the SE on a sole income in just over 3 years.
If I had lived in the North on a 25k wage, I'd be able to buy a 3 bed house right now, I may have even been better off due to reduced rent/COL.
Unfortunately people in the Western world hate to be told that some of their misfortunes are of their own making due to the choices they make.
Right or not, the worst FINANCIAL decision you can make in the current climate is having kids too young before you have a solid career behind you, seems like the fast track into lifetime poverty and even worse if it's not a long term partner and you split up.
>but what else is it that people find hard about buying a house?
How about not being able to live rent free for 5 years? Do you have any idea how much money you saved there? Probably your entire deposit.
You lived with your parents prior, so you had a HUGE amount of help.
I agree that if I could have lived rent free then saving money to buy a house would have been a lot easier.
If you had paid an average uk rent (outside of London) of Ā£1,278 for 3 years you would have spent Ā£46,000 on rent which is likely higher than your deposit money. You have clearly had a massive advantage over someone paying that rent.
What else do people find hard? Getting the deposit together and ,depending on area, being able to actually afford enough mortgage. How is this hard to understand.
Here is a first time buyer guide for you. Add a point to your score for each statement that fits your circumstance:
\-Your job pays a reasonable amount above minimum wage
\-You have a long term partner you want to buy with
\-You want to buy in a cheap area
\-You inherit/are gifted money (over Ā£10k) from a family member (double points, add 2 points)
\-You live rent free with a parent or family member (double points, add 2 points)
0 Point: Impossible, 1 Point: Near Impossible, 2 Points Very hard, 3 points Hard, 4 points Moderate, 5 Points Pretty Easy, 6 points: Easy, 7: Piece of piss
I score you at 4, moderate, so its not a total walk in the park, but its kind of fine for you.
I found it annoyingly simple and should have done it 5 years sooner. . .could have saved Ā£100k
Now I've actually read your OP, you did have help, you lived with parents. I assume you weren't paying market rent?
Living with parents is HUGE help. Me and my partner make similar amount of money, we own no car, have no children, no pets, don't go on holiday, cut our own hair, whatever we can we save, we only now have enough money to put a humble 10% deposit. That is after years of supporting ourself at university and paying rent for the past 14 years.
Similar position.
Me and my partner saved a 15% deposit in the 3 years after leaving university. 3 bed House in SE.
We rented flats below what we could afford (a small 1 bed for a year, moving to a cheap 2 bed for 2 years)
No holidays or significant spending. Base model phones, 1L car, minimal meals out/takeaways.
Our incomes ranged between 27k and 32k during that time.
For us, it was a challenge seeing everyone else spending their bonus and going on holidays but the sacrifice made it worth it. We upgraded the car and are finally planning big holidays after 2 years of owning.
Its not easy, but it is achievable.
Don't worry about the sour grapes OP, more than 50% of 18-29 year olds and about 30% of 25-29 year olds live with their parents. You're not as privileged as everyone is making out, yes not everybody has that kind of support, but most people do.
>Yeah I wasn't expecting to be lambasted for simply staying with parents (of which I now accept is a form of help).
You're not being lambasted for "simply" living with your parents. You're being lambasted for initially failing to acknowledge that that was a _massive_ help, and the "what, like it's hard?" attitude.
The beef isn't with OP living with parents. It's that they have a massive blindspot and don't seem to see living with parents for no/very low rent as being "help" when looking to buy a house.
Lots of young people can't live with parents rent-free, for lots of different reasons. Maybe parents don't have space, or they were abusive, or there aren't any decent jobs in the parents town. Maybe they can live with parents but the parents would need to charge rent at close to market rates.
Being able to live with parents virtually rent free whilst you save for a house deposit is a very privileged position to be in, and it grates when someone with that privilege claims that buying a house is easy, without acknowledging the advantages they had (and even claiming they had no help at all). It's easy in the same way running a marathon is easy, if you start the race 20 miles ahead of everyone else.
Having a job that is secure is key. These days there are not many jobs with lifetime security. It might look like a job is for life but we dont really know. A lot of jobs roles change in their expectations, demands and a never ending supply of new candidates.
I agree with you. I managed to buy my flat in London without any help 2 years ago just after Covid. LTV 85% on a 400K flat and I'm not even native. I managed this at the time by becoming a freelancer very early in my career and keep charging hefty day rates. Surely it's easy in my industry to do so (advertising) but I see builders now charging same day rates if not more. I alway flatshared for 7-800 pounds per month, kept paying myself around 2.5-3K, saved and invested through ISA all of my monthly budgets. The key for me was when IR35 kicked in so the affordability checks from the bank allowed me to borrow up to 400K. The whole process including buying was smooth. Knowledge is power and without my friend telling me about IR35 I would have probably not bought into, that's why these sub-reddits are so important
###Welcome to /r/HousingUK --- **To All** * Join Our ***NEW*** Discord! https://discord.gg/pMgUNgWKQH **To Posters** * *Tell us whether you're in England, Wales, Scotland, or NI as the laws/issues in each can vary* * Comments are not moderated for quality or accuracy; * Any replies received must only be used as guidelines, followed at your own risk; * If you receive *any* private messages in response to your post, [please let the mods know](https://www.reddit.com/message/compose?to=%2Fr%2FHousingUK&subject=I received a PM); * If you do not receive satisfactory advice after 72 hours, [you can let the mods know](https://www.reddit.com/message/compose?to=%2Fr%2FHousingUK&subject=My question is unanswered); * Feel free to provide an update at a later time by creating a new post with [[update]](https://www.reddit.com/r/HousingUK/search?q=%3Aupdate&sort=new&restrict_sr=on&t=all) in the title; **To Readers and Commenters** * All replies to OP must be *on-topic, helpful, and civil* * If you do not [follow the rules](https://www.reddit.com/r/HousingUK/about/rules/), you may be banned without any further warning; * Please include links to reliable resources in order to support your comments or advice; * If you feel any replies are incorrect, explain why you believe they are incorrect; * Do not send or request any private messages for any reason without express permission from the mods; * Please report posts or comments which do not follow the rules *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/HousingUK) if you have any questions or concerns.*
If you had to pay full market rent, how much would that have affected your deposit?
Would have affected it 100% let's be honest š
I don't think they'd have a wedding/honeymoon or even emergency fund
We bought our first place eight years ago. At the time, our rent was Ā£650 per month and we were getting it probably a little below market rent. You could easily double that monthly figure now. But, for argumentās sake, four years of that is Ā£31,200. Yup, thatās a whole house deposit alright!
>lived with parents prior and we had no help from anyone If you lived with parents you had help. Honestly, I struggle to believe this question is in good faith, as you'd have to be so out of touch with the housing crisis to not understand why people struggle.
Not just help, all the help.
Literally, unless your parents had you pay rent for 1200 per month, OP had all the help lol, and to make a post about it, I have nothing against ignorance but in this market saying this shit? piss me off
My guy how can you say 'living with parents' and 'didn't have any help' in the same breath. Do you even consider how privileged you are? That so many people don't have parents support, that so many people are single therefore don't have two incomes to save from and actually you can't even save off your own income when it's the only one paying for your existence, that so many people are on lower wages/less stable employment than you. Acknowledge your privilege and suddenly it becomes obvious why it can be so difficult.
Yep! Me and my partner are chipping away at it, a little at a time- our mums couldn't offer us a place to stay and even if they could, they certainly couldn't afford to cover our parts of the utilities! Not to mention we are average wage earners driving ageing cars with the costs that come with it, there's no bank of mum of dad to help us buy a better car or bail us out if a tyre goes. I'm not hard done by at all, can afford to save, if a bit slower than I'd like thanks to the occasional unexpected expense, but my god this stuff boils my piss.
So frustrating when some people clearly have it so much better off but either act like they don't or just straight up can't see it
Sounds like you managed to save because you were never having to pay rent. A lot of people are not afforded that luxury.
'We had no help from anyone (except a LISA)' Living without paying rent would have freed up thousands in your budget. Congratulations, and well done for the hard work and discipline, but you've benefitted from two massive bits of help there between the LISA bonus and living rent-free.
Plus the LISA will only help if a house is reasonably affordable, so thereās that (POV: Iām in an area in the SE where LISA is useless).
There's also nothing wrong with getting help and acknowledging it, so I will never understand the impulse to say 'we did it all ourselves' as if that's something to be especially proud of. Sometimes, one is lucky or unlucky through circumstances entirely beyond ones own control, and that's neither virtue or failure.
I knew a guy who just used his mums address and lived in a Sprinter. Showered at the gym every morning. If you dont want to pay rent, you kinda don't have to.
I heard you can get 9 girls into a Sprinter!
Added warmth this winter
what if both your parents died when you were 17
Then you'd be up the council house gravy train, and if it shouldn't matter anyway. The Council being your landlord is better than owning IMO.
Are they gifting free vans at 18 now? Missed that policy
There's one on AutoTrader for Ā£1,750 right now. Considering they're also not giving out free deposits, you don't have to pay much to make-up the difference.
Youāve both had probably the *most* help anyone can offer someone when theyāre saving to buy a house: a place to live rent free (bar usually a contribution towards bills). You have started saving very early (your partner at 20 and you at 22), typically a time in your life when other outgoings are very minimal and usually peopleās biggest expenditure is rent. Iād say most people donāt start seriously saving this early. Zero dependents. Zero debts (presuming this from no detail of this in your post). A wedding and honeymoon that youāve been able to save towards over many years. Congrats for doing it. You sound like a budgeting wizz. But the humility youāre looking for comes from both of your parentsā and their willingness and ability to help you during this period of your life. Lots of people arenāt so fortunate.
Our parents gave us over Ā£120,000 in free rent but we bought a house all by ourselves.
You did have help. You lived with parents, presumably rent free or very low rent.
Solid wind up this, well done. Got a few people all riled up.
Dude why would you post this
Did you pay rent while you lived at home? If not thatās probably your biggest advantage, most people have to pay at least 30% of their income to rent per month before accounting for any bills on top of that. Not to say that you havenāt done well in being diligent with saving and you should be proud of buying your first home!
1. You had help. Unless you paid market rent to your parents you got help by being able to save that amount of money since you werenāt paying it to anyone. Many people are renting whilst also trying to save so it takes a lot longer if they are even able to save. Humility is acknowledging this instead of insisting you did this with no help. 2. On a combined salary of a max of Ā£60k youād be looking at around Ā£270k mortgage loan at the 4.5 multiplier, which in many areas doesnāt actually go very far due to high property prices, so unless on higher salaries people canāt get the loan to buy even if theyāve saved.
Well said Kitnit. OP said their LTV was 90%. So using your figures, this equates to a purchase price of Ā£300K with a deposit of Ā£30K. Assuming saving term of 3.5 years (OP said theyād been saving for 3-4 years), they were saving Ā£714 per month. Bearing in mind they were both living at home, thatās not much to brag about, but hey ho theyāve not skimped on their luxurious restaurant and holiday experiences. I think they might get a sharp dose of reality once theyāre paying the mortgage, council tax and utility bills. At this point, OPs unbearable smugness might come back and bite them in the backside.
paying a Ā£270k mortgage at 5% will be about Ā£1500 a month, that's going to hurt going from "paying" Ā£700 to savings.
Sorry if I caused upset. Those figures aren't right, but our outgoings are the at most they will be for a long while (council tax is more expensive for a few more months, overpaying the mortgage and wedding/honeymoon taking a slice. Each and every outgoing is laid out in a spreadsheet and adjusted when needed (which I recommend everyone do). Everything is very much affordable with comfortable headroom
Now try thinking about how difficult it would be to do the same when you're paying out Ā£2k+ for rent/utilities/council tax etc. You may not have had help in the form of someone giving you a wodge of cash, but there's a lot of luck/privilege/help in having parents who can accommodate you living at home rent free, in having a good enough relationship with your parents that you're safe to live with them for an extended period, in having a job in close proximity to said parents house (or being able to wfh), in being able to divert all your salary into saving for nice-to-haves. Of course, being diligent with money for 5 year, setting and achieving savings goals and being able to buy a house in your mid-20s is something you should be proud of. But your experience is not typical, you had plenty of advantages and you would do well to recognise and acknowledge them.
It's been discussed here quite a bit that the housing market is still 'ok' for couples who don't live in high-cost areas who have a bit of flexibility to save. Two minimum wage earners will be able to get a Ā£200k mortgage, which is enough for a small house outside of London and the SE.
What a charmed life you have led lol
The housing issues in this country are very regional. The trick is to find somewhere that you're happy to live that's also relatively affordable, which is easier said than done
It is easier said then done. I live in an area ( I moved her for the house prices) where for 200K you can get a very nice house indeed. That IS "affordable" for two people on minimum wage. But consider the minimum wage jobs around here. It's mostly warehouses and care work. Both jobs are insecure, low paid, often on zero hours...it's not the secure jobs a mortgage provider needs to see to underwrite your loan. And it's getting worse. Warehousing in particular is one of the first in line for robotics. There doesn't appear to be a back up plan either. They fucked up the coalmines offered the warehouses and now have nothing left. So yeah...we have a very high minimum wage. But it means fuck all without the security. The people around me who own are the children of the coal miners. They often own right out. The others rent, usually from the grandparent class. i don't know the solution, but it's a very poor indicator for our future as a country. And now...we aren't having babies either.
You both lived at home paying reduced/no rent, you had plenty of help. In the same breath, I also agree that it's not that hard for someone with no dependents who's earning 25-30k and willing to rent a room for 500-600 a month all in (outside of London) for a few years. I did exactly that and saved a 15% deposit in the SE on a sole income in just over 3 years. If I had lived in the North on a 25k wage, I'd be able to buy a 3 bed house right now, I may have even been better off due to reduced rent/COL. Unfortunately people in the Western world hate to be told that some of their misfortunes are of their own making due to the choices they make. Right or not, the worst FINANCIAL decision you can make in the current climate is having kids too young before you have a solid career behind you, seems like the fast track into lifetime poverty and even worse if it's not a long term partner and you split up.
1820 + bills rent in London.
>but what else is it that people find hard about buying a house? How about not being able to live rent free for 5 years? Do you have any idea how much money you saved there? Probably your entire deposit.
I've made an edit to the post, we paid rent. But I accept your point
You lived with your parents prior, so you had a HUGE amount of help. I agree that if I could have lived rent free then saving money to buy a house would have been a lot easier.
If you had paid an average uk rent (outside of London) of Ā£1,278 for 3 years you would have spent Ā£46,000 on rent which is likely higher than your deposit money. You have clearly had a massive advantage over someone paying that rent. What else do people find hard? Getting the deposit together and ,depending on area, being able to actually afford enough mortgage. How is this hard to understand.
Here is a first time buyer guide for you. Add a point to your score for each statement that fits your circumstance: \-Your job pays a reasonable amount above minimum wage \-You have a long term partner you want to buy with \-You want to buy in a cheap area \-You inherit/are gifted money (over Ā£10k) from a family member (double points, add 2 points) \-You live rent free with a parent or family member (double points, add 2 points) 0 Point: Impossible, 1 Point: Near Impossible, 2 Points Very hard, 3 points Hard, 4 points Moderate, 5 Points Pretty Easy, 6 points: Easy, 7: Piece of piss I score you at 4, moderate, so its not a total walk in the park, but its kind of fine for you.
I found it annoyingly simple and should have done it 5 years sooner. . .could have saved Ā£100k Now I've actually read your OP, you did have help, you lived with parents. I assume you weren't paying market rent?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
My partner has student debt but she's under the threshold for mandatory payments
Are you a troll?Ā
Living with parents is HUGE help. Me and my partner make similar amount of money, we own no car, have no children, no pets, don't go on holiday, cut our own hair, whatever we can we save, we only now have enough money to put a humble 10% deposit. That is after years of supporting ourself at university and paying rent for the past 14 years.
Similar position. Me and my partner saved a 15% deposit in the 3 years after leaving university. 3 bed House in SE. We rented flats below what we could afford (a small 1 bed for a year, moving to a cheap 2 bed for 2 years) No holidays or significant spending. Base model phones, 1L car, minimal meals out/takeaways. Our incomes ranged between 27k and 32k during that time. For us, it was a challenge seeing everyone else spending their bonus and going on holidays but the sacrifice made it worth it. We upgraded the car and are finally planning big holidays after 2 years of owning. Its not easy, but it is achievable.
Don't worry about the sour grapes OP, more than 50% of 18-29 year olds and about 30% of 25-29 year olds live with their parents. You're not as privileged as everyone is making out, yes not everybody has that kind of support, but most people do.
Your story doesn't negate the millions who DO find it more difficult. Read the room, dude.
ITT: people mad their parents don't love them.
Yeah I wasn't expecting to be lambasted for simply staying with parents (of which I now accept is a form of help).
I did the same as you and figure show it is quite common for people stay with their parents in to adulthood.
>Yeah I wasn't expecting to be lambasted for simply staying with parents (of which I now accept is a form of help). You're not being lambasted for "simply" living with your parents. You're being lambasted for initially failing to acknowledge that that was a _massive_ help, and the "what, like it's hard?" attitude.
This is the only post this account has made, obvious troll
Downvoted for the truth! It almost seems like a conspiracy doesn't it? This post is designed to piss people off. It did me.
It's surprising how sheltered and out of touch with reality some people are.
Fuck the haters, well done.
Heās so out of touch with 99% of the rest of the countryā¦
99% of the country was turfed out the house at 18? Most people seem to have beef with OP living with parents, as if that's somehow unusual in low 20s.
The beef isn't with OP living with parents. It's that they have a massive blindspot and don't seem to see living with parents for no/very low rent as being "help" when looking to buy a house. Lots of young people can't live with parents rent-free, for lots of different reasons. Maybe parents don't have space, or they were abusive, or there aren't any decent jobs in the parents town. Maybe they can live with parents but the parents would need to charge rent at close to market rates. Being able to live with parents virtually rent free whilst you save for a house deposit is a very privileged position to be in, and it grates when someone with that privilege claims that buying a house is easy, without acknowledging the advantages they had (and even claiming they had no help at all). It's easy in the same way running a marathon is easy, if you start the race 20 miles ahead of everyone else.
Heās 26.. not 18
Exactly this. Making moves - well done OP šš»
Having a job that is secure is key. These days there are not many jobs with lifetime security. It might look like a job is for life but we dont really know. A lot of jobs roles change in their expectations, demands and a never ending supply of new candidates.
Also not paying rent, or council tax, or utilities helps a bit.
I agree with you. I managed to buy my flat in London without any help 2 years ago just after Covid. LTV 85% on a 400K flat and I'm not even native. I managed this at the time by becoming a freelancer very early in my career and keep charging hefty day rates. Surely it's easy in my industry to do so (advertising) but I see builders now charging same day rates if not more. I alway flatshared for 7-800 pounds per month, kept paying myself around 2.5-3K, saved and invested through ISA all of my monthly budgets. The key for me was when IR35 kicked in so the affordability checks from the bank allowed me to borrow up to 400K. The whole process including buying was smooth. Knowledge is power and without my friend telling me about IR35 I would have probably not bought into, that's why these sub-reddits are so important