West Sussex technician purchases first home at age 22

Chris Minton, a 22-year-old stage technician living in West Sussex, England, has purchased his first home for £135,000 (approximately 4.73 billion VND). To finance the property, Minton has taken out a 40-year mortgage with an interest rate of 5.81% per annum.

Minton earns a monthly after-tax salary of approximately £1,938 (67.8 million VND) from his role with a local council, supplemented by irregular freelance stage technician work earning between £200 and £300 per month. His estimated monthly mortgage payment is roughly £600.

His total basic monthly living expenses, excluding mortgage payments, are estimated at £721.50. These costs include property taxes, food, utilities, insurance, and transportation. Minton attributed his early decision to enter the property market to his childhood perspectives on money.