One of the main issues is the huge deposit alot of the time, 10 percent doesnt sound a lot then you've got all the other costs as we all know that go along with it.
So your 20 grand can become like 30 or even more if folk want a lot of asking and then it just prices you out the game.
As far as I remember, the average(!) deposit for first time buyers in London was about £150k last year. It's just not a realistic prospect for even well-off working people without inheritances.
One of the main issues is the huge deposit alot of the time, 10 percent doesnt sound a lot then you've got all the other costs as we all know that go along with it.
So your 20 grand can become like 30 or even more if folk want a lot of asking and then it just prices you out the game.