A new homeowner is worried his decision to buy is ‘wrong’ as it’s ‘sucking up’ his salary.But it’s not all rosy – the primaryteacher became ‘worried’ about the true costs of being a homeowner and almost pulled out of the sale.
He said he still enjoys night out with friends, but only in moderation, and sometimes will drive to lower the costs of the social plans. He managed to get on the property ladder after saving £25,000 through using Help To Buy ISAs and putting away £1,000 per month over the past year.Now, he has finally moved into his two-bed, one-bathroom, terraced home, costing £152,500 – all without the Bank of Mum and Dad.
‘I want to share how I managed to save up with others, as it’s very difficult to get on the property ladder nowadays, especially for those our age.
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Source: FT - 🏆 113. / 51 Read more »