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Interested. Mayfair based.
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Unfortunately most of the nicer properties in London were bought before the property boom, with family money, or from people who sold businesses or invested well. If you're planning a standard salary route - assuming you're going at it alone, a typical mortgage will give you 4.5 times your salary, so with a 20% deposit you'd be needing to be on about 530-540k by the time you want to buy. Arguably the equally challenging part would be saving up the 600k deposit. If you're renting and trying to actually live, maybe assume average 3k in rent and other bills/expenses, not living lavishly to save 3.5k a month, you'd need to be averaging 150k a year (with student loan repayments, modest pension contributions) from the 14 years after you graduate. If you make it to half a million salary by 35 then it's not unheard of that you'd average that, but the average London salary for professionals is around 50k, so it won't be easy. It's unlikely you'll buy a 3m house as your first property, so there is working your way up the property ladder, but with mortgage rates no longer at historical lows, the interest payments not going into your equity aren't hugely different to that of rent. It depends how well London house prices grow in that time, but this will also affect you in the buyer's market - the 3m house you want now could be 6m in 15 years. London salaries are lower than places like the US for professionals so you'd have to be careful what industry you choose. If you're planning to be a power couple (roughly equal salaries) then you'll still need a decent salary when you're buying, but saving and average salaries can be a bit lower since you share the tax burden and living expenses. Not impossible, takes a lot of work. Shoot for the stars and best of luck to you!
Emigrate to another country. Earn more and buy a £1m house that’s bigger and nicer than a £3m house in London 😆