High cost of homes in North Somerset leaving many feeling priced out

PUBLISHED: 12:58 06 March 2019 | UPDATED: 17:33 06 March 2019

Portishead

Portishead

Archant

The high cost of homes in North Somerset has led many first time buyers to feel they are being priced out of the market.

The high cost of homes in North Somerset has led many first time buyers to feel they are being priced out of the market.

Becci Cooper, aged 32, and her fiancé Dan Young, aged 33, have been renting in Backwell with their three children for six years.

Ms Cooper said: “Our rent is £250 more a month than a mortgage would be yet we can’t get on the property ladder because we can’t save the deposit needed due to high rental costs.

Mr Young added: “There is no chance of us getting on the housing ladder in Backwell until we are earning at least £80,000 a year between us.”

Melanie Lerwill and her family have been renting on the same road for seven and a half years.

She said: “Even with a reasonable deposit, my family can’t (afford to) buy in Portishead.

“When we moved in, houses sold for £175,000. The same houses are now valued at £300,000.”

“It’s a ridiculous situation.”

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