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Re: Advice on how to get onto the property market

  •  Wed, Nov 01 2006, 11:25 AM

    Re: Advice on how to get onto the property market

    tezza:My daughter and son in law and 2 their children are finding it impossible to buy a reasonable 3 bed house in the Southampton area

    Every day prices go up and it seems interest rates are going up , which should dampen house prices

    They are renting a 3 bed house costing £600 permonth. Alas they have very little savings.

    Is there any advice that could help them get started

    My Son in law has a salary of just over £30K


    Maybe shared ownership is an option? So you only pay for 75% of the property? (example) Just a suggestion. From my experience I have Northern Rock are the ones who lend you most. lending up to 125%. I am a FTB also so please dont take anything what i say as fact, just speaking from what I have experienced.

    Hope you find something suitable :)
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