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Hows best to get onto the property ladder?

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Question - (9 December 2007) 4 Answers - (Newest, 10 December 2007)
A female United Kingdom age 18-21, spanna writes:

hi everyone

me and my boyfriend have been together a year now we look to the future of living togetherbut we have both decided that we dont wish to rent as its a waste of money in the long run but whats the best way to get on to the property ladder, we both currenty earn only 14k a year and live in the surburbs of london so a pretty expensive area, the average 3 bed house is 250k to 300k cheaper property in an undiseable area is 130k. what is peoples best advise really. move away? types of buying? so confused.

View related questions: cheap, money

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A female reader, spanna United Kingdom +, writes (10 December 2007):

spanna is verified as being by the original poster of the question

spanna agony aunti have just started as a sales administrator at mecedes, and when i reach the end of my probationary period should see a payrise, my boyfriend works in a lawyers office but hates it so when he has paid of his credit card he will leave and get a job he enjoys and pays more. he is very good with computers and technical things like that so he could easily find a good job i think. i only started my job in august so i have to stick with it and see what happens for a bit i think

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A male reader, harshbutfair United Kingdom +, writes (10 December 2007):

harshbutfair agony auntYou're not earning enough to buy in London. Your best bet would be to move out of London. Contrary to popular belief there is life up North! You can buy nice city centre apartments in places like Leeds or Sheffield for around £100k. There is a glut of them so they are practically giving them away, e.g.

http://tinyurl.com/2pgbpu

London is one of the best places in the world, if you have plenty of money. If you don't, then I don't really see a huge appeal. Life up North is in many ways more practical because there is more space with less people.

What are your jobs? You need to earn more no matter where you live if you want a decent lifestyle.

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A female reader, spanna United Kingdom +, writes (10 December 2007):

spanna is verified as being by the original poster of the question

spanna agony aunti'm nearly 20 and my partner is 26 so not the youngest really dont want to still be at home when 30

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A female reader, huneygyrl +, writes (10 December 2007):

Both of you have champagne ideas with beer money. Unless your parents have a lot of money, both of you have a lot of work to do. Both of you are very young. Work on getting your life together rather than wanting things right at this moment.

It's a good start to want things but everything costs money.

Think about it.

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