So in a nutshell, I am feeling like we will never own a home. Our family is a single income family by choice with 2 small children. Our income is small <45k gross, and in addition to the rent we currently pay of €600, we manage to save an additional 700-900 a month. We have about 10K in savings right now after saving like this for about a year.
Right now, in our area average house price is about 150k and rising. We are looking to about 110-120k range, when those very rare properties show up. Banks won't lend more than 77k. We have no debt, don't live above our means and clearly show that we can put aside. We are experiencing more landlord issues and it's becoming more and more clear that we are forever at the mercy of our LL. Rents have also shot up and houses are disappearing from the market instantly, with many not making it on daft.
I don't mean to make this a novel, but is this something we should accept and get used to or is there an agency we can appeal to? We've tried a broker, and homechoice loans (still waiting to hear back from the one who still did them), and I plan to apply to the council, but I understand that it will probably not be fruitful.
What say ye?
Right now, in our area average house price is about 150k and rising. We are looking to about 110-120k range, when those very rare properties show up. Banks won't lend more than 77k. We have no debt, don't live above our means and clearly show that we can put aside. We are experiencing more landlord issues and it's becoming more and more clear that we are forever at the mercy of our LL. Rents have also shot up and houses are disappearing from the market instantly, with many not making it on daft.
I don't mean to make this a novel, but is this something we should accept and get used to or is there an agency we can appeal to? We've tried a broker, and homechoice loans (still waiting to hear back from the one who still did them), and I plan to apply to the council, but I understand that it will probably not be fruitful.
What say ye?