When will the low paid english person be able to buy affordable housing in uk with a standard mortgage?
Answer:
That is the way of the world today. You only get anywhere in life if you have cash and no one cares about the people who don't match up. I don't see this ever changing, money talks and greed is everywhere.
nzgnggn
Find some like-minded friends to buy a house with, it's the only way you're likely to get your feet on the property ladder.
Unfortunately it is a sad fact of life that if you are not yet on the property ladder it will be tough to get on it. Luckily in this land of ours we all have the abilty to improve ourselves, no one will hold you back, if you have the determination you can achieve a lot. If you want things in life you have to work towards them, no one is going to give you anything, harsh but true.
It's the Britain people have voted for over the last 27 years, you remember? Thatcher, money, greed, arrogance, Blair, money, greed, arrogance.
Why are you low paid? Are you one of those people who couldn't be bothered to work hard at school to get qualifications and so ended up with a cr@ppy job for little money? If so, it's your own fault. If not, you should be able to get a better paid job.
GENERALLY speaking, the higher the level of education, the higher paid job you can get.
Easy to blame it on someone else I suppose...
i live in essex and house prices are ridiculous i feel the ownly way a lot of people will be able to aford there own piece england as u put it is for interest rates to go up slightly this would screw a lot of people as theres a huge percentage of people who borrow beyond there means, this hopefully would crash the housing market and then we step in and offer what we wont .(will it happen prob not)
you can rent from a paki like everyone els
I totally agree with you. I find myself in a similar situation. I am a single working mum of two. I would love to own my own home but simply can't afford to get on the property ladder. The annoying thing is that the amount of rent I pay is more than some of my friends mortgages!! How unfair is that!!
This is the sad fact of life in this country now. I live in Dorset where many of the working population are on minimum wage yet we are one of the most expensive places to buy a house. Villages are full of houses that are empty for most of the year as they are so called holiday homes. They talk about affordable homes as an excuse to cover our glorious country side with more and more concrete - but I would like to know how they can call £150k affordable to the ordinary man. Rents are now so high that your chances of renting on a low wage are very slim. Social housing seems to be given to immigrants over the heads of those on the waiting list! I wish I could give you hope - keep doing the lottery.
As soon as we get a real Socialist party back in power, not this New Labour (In Other Words Tory) crap that we have now
Life's not fair, I know exactly how you are feeling. I have heard talk of a new style mortgage that is going to be introduced. Instead of taking into account your earnings it judges how much they will loan you by how much rent you have been paying in the past. As most rentals are as expensive as mortgages people like you and I will be able to get a mortgage easily under these new rules....If it happens.
NEVER
It's unfair but that's life.
It has become a sad fact-and HM government need to address this issue. Most of the working population, I guesstimate are in the same predicament. I also think the Buy To Rent schemes have had the effect to hike up property and rents. Could all this spiral out of control and cause Dickensian Days to be back with us! I am in my late 50s and because of a breakup of a relationship, look as if my 30 years of being a joint house owner are coming to an end. My salary is reasonable but a mortgage imposable-I too look as if I will be forced to pay more in rent than a mortgage would cost. Property IS a problem and because many young persons cant get on the ladder and it is becoming more difficult for them, I implore the government to take a very serious look at the property problem in the UK to-day.
Mr Glenn, in order to get on the property ladder in some areas, you need to be earning at least £40,000 per annum. Your comment about "not getting good qualifications" is irrelevant: You only have to ask the university graduates (and post graduates) who are struggling to get a decent paid job. What about key workers such as teachers and nurses? (who are very well educated anyway)
I know it is difficult. Rip off Britain, i`m afraid, it is getting worse as well, it`s this damn government.
I deeply agree with you. but as you know the world is becoming more closer to each other. its changing from what it used to be to england being a place for the higher wage earners as in dubai, NY and so on.
This was a topic on Jeremy Vine on BBC Radio 2 last week. Cheapest housing was terrace in Stoke on Trent at £56k although a bedsit was available in Peterhead for £26k. A bit of research will probably give you up to date info. Best of luck.
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