We’re in West Sussex this week (Picture: Andrew Hasson)
Welcome back to What I Own – Metro’s property series where we speak to homeowners about getting on the ladder.
Last week, we visited 40-year-old James Barley and his 51-year-old partner David in East London. Since buying their two-bedroom flat in 2019, they’ve slowly made it their own – and now it’s plants and wall prints galore.
This week, we’re in West Sussex having a nosy around 27-year-old Georgia Ray and 26-year-old Molly Carpenter’s new home. After living with their families for the past 10 years, they eventually saved enough to buy their own place.
Here’s what Molly had to say about their property journey…
Tell us about yourself – how old are you, what do you do for work, and where are you based?
We’re Georgia Ray, 27, IT Programme Manager and Molly Carpenter, 26, HR Project Manager. We’re based in Angmering, West Sussex at David Wilson Homes’ Ecclesden Park development.
Whereabouts is your property? What do you think of the area?
Having grown up in Cornwall, Georgia wanted to stay living near the sea, so we decided to look at Angmering. The development is within walking distance to Worthing town centre and has great transport links to Brighton and Chichester.
The South Downs is on our doorstep which is ideal for long walks, and there’s a footpath leading out from the development onto miles of open space. I love cycling and used to play football quite a lot, and Georgia’s a keen runner so we couldn’t ask for more.
When did you move in?
April 26, 2024.
How much does your property cost?
£415,000.
How much was your deposit?
£41,500.
What is the monthly cost of living here now, both mortgage and bills?
Around £2,200.
How did you save up for your deposit?
Living with family and working full-time, we have been able to save money over the last 10 years. However, we only started to seriously focus on saving for a deposit in the last two to three years.
The pandemic definitely helped us as we were both going out a lot less and we could be stricter with ourselves in terms of spending habits, which helped us cut back.
Georgia (L) and Molly (R) had been saving for the last 10 years (Picture: Andrew Hasson)
What was the process of getting a mortgage like for you? Did you find any parts challenging?
When we started to think about moving in together, we were told there is never a perfect time to buy, so having saved for as long as we did, we just went for it.
The process was very straightforward as first-time buyers but – as expected – there was a lot of paperwork. It took a while, but our mortgage broker was fantastic and guided us through the process.
Can you share details on your mortgage (rate/term)?
We opted for a green mortgage as we have bought a new build home, which is eligible for houses with the energy rating of A or B, with a rate of 4.55% …read more
Source:: Metro
