Special Report: Sheffield families lose out as market forces fuel house price rises
“Obviously we’d rather pay off our own property but it’s just the situation we’re in - we can’t do a lot about it. I don’t see that we’ve got an awful lot of choice.”
Natasha, aged 34, lives with daughters Leah, 16, a sixth form student at Silverdale school in Bents Green, Lorna, 14, in Year 10 at Silverdale, and three-year-old Lillian, as well as her partner Matthew, 38, a railway signalling engineer.
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Hide AdThey have lived on Ranelagh Drive for just under three years, after their plans to buy a home in S11 with a ‘self-certification’ mortgage fell through.
The mortgages, banned in the UK in 2011, are designed for borrowers unable to prove how much they earn - including the self-employed such as Matthew and Natasha, who runs a business selling handmade soap on Abbeydale Road.
“We can’t borrow as much as we thought we could - not anywhere near enough to get a place in S11, which is where we want to be because of the schools,” she said.
Their predicament highlights the problem faced by families who are being priced out of buying in increasingly large parts of the south west of the city, as the popularity of the best schools fuels demand.
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