ChatterBank2 mins ago
Why Are Uk Houses So Expensive?
225 Answers
So I’m a teacher earning around £30,000 a year, 23 years old living at home with parents. My grandma was saying that when she dies (which hopefully isn’t for a very long time), I could buy her house, which is a semi detached estimated between £190-200K. I’ve been told by a family friend who is in banking that on my salary I’d be leant roughly £90-100K for property, so I always tell my gran there’s no way I could afford it as I’d have to put a deposit down of about £90-100K just to be loaned the rest. Even a lot of terraced houses are out of my price range. I just find it frustrating that I’ve worked hard since being at school to go on to get a degree and a career to not even be able to afford my own home. I know there’s renting but I don’t want to be paying out for a house I’ll never own until I die. Thanks
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