Anyone else finding first-time buying in London overwhelming
Really intrigued to hear other people’s experiences buying their first home because honestly… I’m finding it such an emotional rollercoaster already, and we’ve only been seriously looking for the last few months.
My boyfriend and I are hoping to buy together and currently still live separately at our family homes. We’re really excited to have our own space and start this new chapter, but wow — everything is SO expensive. It also feels like the number of properties being listed has really slowed down over the last few weeks?
We keep telling ourselves there’s no rush because staying at home means we can save more, but at the same time it’s frustrating feeling a bit stuck. We’ve done a few viewings so far. The first one nearly became an offer situation, but after loads of back and forth it fell through, and since then it’s just been viewing after viewing without anything feeling right.
I also want to say we do feel really lucky to even be in a position to look at buying at all, because we know a lot of people our age can only realistically rent or move much further away to afford somewhere. Staying at home gives us more time to save, which we’re grateful for — but even so, the whole process still feels incredibly tough and overwhelming at times.
We also don’t really want to rent because London rental prices are insane and we’d rather keep putting money towards a deposit instead.
I’ll admit I’m probably a bit picky too. There are certain things I really want — enough space to future-proof for eventually starting a family, being near family, and being close to a station because I commute. I know some of those things can be compromised on, but it’s hard when this is SUCH a massive financial decision.
Everyone keeps saying “the right property will come along” and “don’t rush,” which I know is true. And we genuinely don’t want to rush. But between deposits, stamp duty, solicitor fees etc… how is our generation actually meant to get on the property ladder 😭 The mortgage itself almost feels like the least scary part at this point. I’m turning 30 this year and just feel a bit stuck..
Would genuinely love to hear other people’s experiences — whether you’ve already bought, are currently looking, or felt the same way during the process.