Does anyone on here watch this program? What I can't grasp is how a young couple can afford a £500,000 flat in London as shown last night. These kind of prices crop up time and again and I have always wondered how these people do it. I live in the north of England and i could not afford anywhere near these prices so it would be nice to have an opinion from some of you southerners.
I often wonder if any of the vendors dont watch this programme to know that Kirsty and Phil always advise the buyers to put in a far less offer than they can afford .
I remember watching one where the buyers put in an offer somewhere around 50k less than the asking price and was staggered when it was accepted - they admit that they were prepared to offer the asking price .
I find these programmes annoying too. As soon as I see a young couple aged in their 20s, maybe with a child on the way, with a budget of £400000 I always feel disengaged as I'm sure do most of the population.
I think houses generally are ridiculous prices. I'm not sure how any of my children will be able to buy their own. We had a help with some money left to OH when his dad died and I got a similar amount from my gran. I wouldn't live in London if you paid me, but houses outside it aren't that affordable either. Imo, people should only be allowed to buy one, unless they are letting.
When we were house searching in Norfolk a few years ago, we subsequently saw a couple of houses we viewed, on Escape To The Country, being touted as holiday homes! Put us in our place good and proper.
I'm baffled by the prices youngsters can pay. We're looking to come home (to Yorkshire) a.s.a.p. and our absolute maximum budget is 150K - after 2 of us working all our lives, saving as much as possible. 'The times are out of joint!'
Yes, ummmm. But even when mrsfactor and I had a healthy joint income of over £100K the cost of a family and limits on mortgage loan amounts still meant that a mortgage of over £300K was out of the question.
It's just pot luck for some people. I live in a sort after area and I can't believe how cheaply this house was purchased. I did the same with my house. Not long after I bought it the prices went crazy. When I sold mine, if he's sold this at the same time we'd have a really healthy amount to put down. Add that to the mortgage we could get it's a hell of a lot of money.