{"id":58210,"date":"2017-06-17T12:59:30","date_gmt":"2017-06-17T05:59:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/buying-my-own-place-was-an-impossible-dream-heres-how-it-came-true\/"},"modified":"2017-06-17T13:10:37","modified_gmt":"2017-06-17T06:10:37","slug":"buying-my-own-place-was-an-impossible-dream-heres-how-it-came-true","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buying-my-own-place-was-an-impossible-dream-heres-how-it-came-true\/","title":{"rendered":"Buying my own place was an impossible dream \u2013 here\u2019s how it came true"},"content":{"rendered":"


\nShared ownership? Buying with a friend? Long commute? For Generation Rent, the options aren\u2019t easy, but it can be doneIf someone had told me at the start of last year that I\u2019d be living in \u2013 scratch that \u2013 owning a two-bedroom loft apartment with a suntrap of a terrace, I\u2019d have rolled my cynical eyes. As a Generation Rent 34-year-old millennial living in London and working as a freelance journalist on a modest income, buying my own place always felt like an impossible dream.For starters, the average deposit for first-time buyers in London has jumped 276% in the past decade to a staggering \u00a3100,445, according to the Halifax. I did explore shared ownership, but I found many of the schemes insanely competitive and only available to people on much higher salaries, while service charges were steep, culminating in mortgage repayments plus rent settling in at about \u00a31,500 a month. Continue reading…
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\nSource : theguardian.com
\nRead more…Buying my own place was an impossible dream \u2013 here\u2019s how it came true<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shared ownership? Buying with a friend? Long commute? For Generation Rent, the options aren\u2019t easy,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-58210","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-f8S","jetpack-related-posts":[{"id":126348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-cant-afford-a-london-flat-but-should-i-buy-elsewhere-and-rent-it-out\/","url_meta":{"origin":58210,"position":0},"title":"I can\u2019t afford a London flat but should I buy elsewhere and rent it out?","date":"May 9, 2022","format":false,"excerpt":"\r I am about to finish university, am due to start earning \u00a330,000 from September and could live at homeQ I\u2019m in my early 20s and just about to finish university. Through university scholarships and working, I have been able to save about \u00a320,000.I want to buy a property once\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-shared-ownership-a-vital-first-step-on-the-property-ladder-or-a-slippery-slope\/","url_meta":{"origin":58210,"position":1},"title":"Is shared ownership a vital first step on the property ladder, or a slippery slope?","date":"March 26, 2016","format":false,"excerpt":"\r Shared ownership can be cheap \u2013 but it can also be full of pitfalls. We talk to buyers who admit they have mixed feelings about the schemeIn April, a new era for shared ownership begins, with the government relaxing the rules on eligibility and opening it to anyone with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99346,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-rent-in-brixton-should-we-move-out-of-london-to-buy\/","url_meta":{"origin":58210,"position":2},"title":"We rent in Brixton \u2013\u00a0should we move out of London to buy?","date":"October 8, 2018","format":false,"excerpt":"\r We\u2019ve been looking at places around the south-east, but they seem dull and boringQ I rent a two-bed flat in Brixton with my husband and two daughters who are eight months old and two. Rather reluctantly we have been thinking about moving out of London to buy a house\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-can-only-afford-a-shared-ownership-property-can-i-buy-it-to-let\/","url_meta":{"origin":58210,"position":3},"title":"I can only afford a shared-ownership property \u2013 can I buy it to let?","date":"June 16, 2016","format":false,"excerpt":"\r I hope to buy a property outright on the shared-ownership scheme, and rent it out for a few years until I am ready to move inQ I have a question about mortgages. I am currently working and renting in London, but I would like to purchase my own property.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34376,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shared-ownership-only-way-to-buy-or-worst-of-both-worlds-readers-views\/","url_meta":{"origin":58210,"position":4},"title":"Shared ownership: only way to buy or worst of both worlds? – readers' views","date":"November 15, 2016","format":false,"excerpt":"\r Mixing rent and a mortgage gives tenant-owners mixed feelings. Equity gains are welcome, but there are fears about high rents and affordabilityAppetite is growing for shared ownership schemes in areas where many people are priced out of the housing market. But what\u2019s it really like? Readers report mixed feelings\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76426,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/generation-rent-why-ill-never-live-in-the-town-i-grew-up-in\/","url_meta":{"origin":58210,"position":5},"title":"Generation rent: why I\u2019ll never live in the town I grew up in","date":"January 12, 2018","format":false,"excerpt":"\r For years I hated my neighbourhood and wanted to live in \u2018proper London\u2019, and now I can only dream of a house in DagenhamWhen I started this column, I thought, \u201cAny month now, I\u2019ll get on the property ladder.\u201d I imagined sharing the tribulations of house-buying: the estate agents\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/58210"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=58210"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/58210\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=58210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=58210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=58210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}