This is the second in a five-part series on how to buy your first home – without help from the Bank of Mum and Dad. From setting up their own businesses to investing their way onto the ladder, these twenty-somethings share how they did it – and you can can too.
For most teenagers, their first pay cheque means splashing out on a new pair of trainers. But Matt Brighton was not most teenagers. “I started saving to buy a house at 16,” he explains.
Within a year he was already frustrated by the “crap” interest rate offered by his bank, so a large chunk of his sixth form years was spent Googling how investment funds work.
At 18 he decided to try his hand at the stock market and put some of his savings…