First time buyer??

[sam mancrief]

 
Hi,
   I am 21 years old next year i will be getting married, i have been off work for a year now and i am getting worried that next year after i marry my boyfriend we will have no where to live, as even people who work can not get a mortgage and it slightly worrying me and at the moment i have a big wedding to plan.
 

[agapanthus]

Is it not possible for you to rent somewhere instead? Many people these days have to rent as there is no alternative.

I realise that if you are not working then your options are limited especially if your boyfriend's income is not good. Are you receiving any benefits yourself?

[sam mancrief]

My boyfriend has an ok income he is working two jobs at the moment but he sees renting as wasted money, at the moment i only get employment and support allowance its my second time trying for DLA so fingers crossed.

[agapanthus]

Yes I see his point.

Have you thought of part buy part rent schemes such as Shared Ownership schemes - this way you get a foot on the buying ladder but if you cannot afford the whole mortgage then you don't need so much at the outset.

I lived in a house like this for many years in Hampshire and it gave us a stake in the market when we could not afford the whole house. We were buying 50% and renting 50% but started off with only a 25% share.

Here are some links that tell you about the scheme:
http://www.direct.gov.uk/en/HomeAndCommunity/BuyingAndSellingYourHome/HomeBuyingSchemes/DG_4001347

http://www.shared-ownership.org.uk/

[sam mancrief]

Thanks i will look through these links!!