I have a rich daddy, but he is very much alive at the moment, so I'm not likely to have the capital to get a mortgage.jay wrote:Oh, to have a rich daddy!!Jamez wrote:Apparently you need to work solidly for at least a year and have a certain percentage of the houseprice as a deposit before u can apply for a mortgage too.
Thats why its so damn hard to get on the property ladder, unless you happen to have Richard Branson as your dad or we elect a Conservative government.
I'll never be able to build up enough money to have a certain pecentage of any houseprice at the minute!
The rent I pay more than covers the costs of the type of property I would like, but I won't get my feet on the property ladder for some time to come.
(I know you shouldn't mess with perfection but i just couldn't help myself).