Quote Originally Posted by tforturton View Post
When I was 26, I bought a flat. The Building society wanted 10% deposit, and would lend three times my salary of £10,000. So, my dad gave me the £3000 deposit, then three times £10,000 meant I could borrow £30,000. I got a place for £30,000.

Try that these days. Even a cheap house in Cardiff is at least £200,000. So you need a £20,000 deposit, then you need to be on £60,000 a year, to qualify for that three times your salary thing. Not very likely at a young age.
I was 25 when I bought my flat.
I had finished uni in '77, got a job base in London but was immediated seconded to Edinburgh for 6 months - on expenses, so barely touched my salary of £3000. While there, I worked 9 to 5, then had computer time of 8 til midnight, so a shed load on overtime.
By the spring of '79, I had £3000 saved. I bought a 3 bed flat in London for £14000 . Took all my savings, but it was the best thing I had ever done. 5 years later moved within London, selling flat for £23000, buying house for £29000. Two years later got transferred to Cardiff, sold London house for £63000, bought Cardiff house for £48000., where I still live.
No help from parents, just a combo of long hours and a decent slice of luck.