@return2ozma@lemmy.world to A Boring Dystopia@lemmy.world • 10 months agoWelcome to the 'nepo' housing market: 40% of homebuyers under 30 get family money to cover their down paymentfortune.comexternal-linkmessage-square154fedilinkarrow-up1548
arrow-up1548external-linkWelcome to the 'nepo' housing market: 40% of homebuyers under 30 get family money to cover their down paymentfortune.com@return2ozma@lemmy.world to A Boring Dystopia@lemmy.world • 10 months agomessage-square154fedilink
minus-squarerichlinkfedilink4•10 months agoNot enough now, here in the UK at least Single 35yo. Earning alright. Mortgage on a 160k flat required a £90k deposit. Was a fucking nightmare, but at least I got it locked in at 4%
minus-square@M0oP0o@mander.xyzlinkfedilink3•10 months agoThat down payment is nutty, but at least you now only have a 70k mortgage. Is it common for people to borrow for the deposit in the UK?
minus-squarerichlinkfedilink2•edit-210 months agoI didn’t borrow for my deposit, majority was saved with a bit of inheritance. But I can see how people might.
Not enough now, here in the UK at least
Single 35yo. Earning alright. Mortgage on a 160k flat required a £90k deposit. Was a fucking nightmare, but at least I got it locked in at 4%
That down payment is nutty, but at least you now only have a 70k mortgage. Is it common for people to borrow for the deposit in the UK?
I didn’t borrow for my deposit, majority was saved with a bit of inheritance. But I can see how people might.