I'll insert myself into the golf club a bit later today, but I had a deposit that started with a 6 when I purchased our new house. And I'd say "only" 100k of that was my own money. This is in no way a boast as I've done absolutely nothing of merit to achieve this myself and I am abjectly average in my professional field of expertise.
The rest was all capital gains from the last two properties we owned in London.
My estate agent Said to me a while ago "you would not believe how much money some people in London have". He's right. You throw in a bit of bank of mum and dad and a lot of people have enormous deposits. The flip side is they are very much needed due to the obscene costs of the process.
Eta the bloke buying my house is 33 and had a 250k deposit.
I'll insert myself into the golf club a bit later today, but I had a deposit that started with a 6 when I purchased our new house. And I'd say "only" 100k of that was my own money. This is in no way a boast as I've done absolutely nothing of merit to achieve this myself and I am abjectly average in my professional field of expertise.
The rest was all capital gains from the last two properties we owned in London.
My estate agent Said to me a while ago "you would not believe how much money some people in London have". He's right. You throw in a bit of bank of mum and dad and a lot of people have enormous deposits. The flip side is they are very much needed due to the obscene costs of the process.
Eta the bloke buying my house is 33 and had a 250k deposit.