![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/i-quit-school-at-16-and-was-a-teen-mum-now-i-own-4-houses/&media=https://uknews.evprotec.com/wp-content/uploads/2022/11/0_Mum-owns-four-properties-despite-never-earning-big-wages-explains-how-you-can-do-it-too.jpg&description=Getting on the property ladder has been harder than ever amid rocketing interest rates and inflation peaking at a 40-year high. However, mum Rachel Ollington has shown that it is feasible even while "never earning a big wage". Shortly after quitting school at 16, Rachel secured her first property just two years later. Fast forward to today, the mum-of-three is the proud owner of four stunning properties and has shared essential insight on how anyone can do the same. While first-time buying is out of reach for many, Rachel was so obsessed with buying her own home that she did everything in her power to make it happen - even with mortgage rates being as high as 7%. Rachel quit school when she was 16 ( Rachel Ollington) And now helps young people get in similar positions as herself ( Rachel Ollington) She says: "When I was buying my first home, mortgage rates were higher than they are now. "Money was always tight for me when I was growing up; any extra cash after paying the bills was saved for Christmas or birthdays. So I know how it feels." Rachel and her family are living in her third family property - a four-bedroom house worth £475,000 in Wickford, Essex, which they bought for £183,000 in 2005. She and husband Mike now own three buy-to-let properties - with the latest, in Lincolnshire, completing last week - despite never earning big wages. Alongside her long portfolio of property purchases, Rachel has now co-founded a letting and sales estate agency business called Vesta Essex - where she boasts more than 11,000 followers on Instagram helping young people succeed as she did. Rachel leaves with her three children and husband ( Rachel Ollington) They reside in a home in Essex ( Rachel Ollington) Rachel's ability to purchase further properties is aided by her buy-to-let purchases, which she rents out to tenants and are now worth a pretty penny years later. Rachel and Mike, 49, share children Abbie, 21, Erin, 15, and Aiden, 11. The mum said: "I bought my first home at){kind=link}
A woman who quit school at 16 and earned £100 a week as an estate agent is now the proud owner of four properties – and bids her success on a crucial money-saving tip
Getting on the property ladder has been harder than ever amid rocketing interest rates and inflation peaking at a 40-year high. However, mum Rachel Ollington has shown that it is feasible even while “never earning a big wage”.
Shortly after quitting school at 16, Rachel secured her first property just two years later. Fast forward to today, the mum-of-three is the proud owner of four stunning properties and has shared essential insight on how anyone can do the same.
While first-time buying is out of reach for many, Rachel was so obsessed with buying her own home that she did everything in her power to make it happen – even with mortgage rates being as high as 7%.
She says: “When I was buying my first home, mortgage rates were higher than they are now.