return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 1 year agoWelcome to the 'nepo' housing market: 40% of homebuyers under 30 get family money to cover their down paymentfortune.comexternal-linkmessage-square207fedilinkarrow-up1558arrow-down140
arrow-up1518arrow-down1external-linkWelcome to the 'nepo' housing market: 40% of homebuyers under 30 get family money to cover their down paymentfortune.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 1 year agomessage-square207fedilink
minus-squareM0oP0o@mander.xyzlinkfedilinkarrow-up3·1 year agoThat down payment is nutty, but at least you now only have a 70k mortgage. Is it common for people to borrow for the deposit in the UK?
minus-squarerich@feddit.uklinkfedilinkarrow-up2·edit-21 year agoI didn’t borrow for my deposit, majority was saved with a bit of inheritance. But I can see how people might.
That down payment is nutty, but at least you now only have a 70k mortgage. Is it common for people to borrow for the deposit in the UK?
I didn’t borrow for my deposit, majority was saved with a bit of inheritance. But I can see how people might.