FTB-Taking the plunge... eeeek

aKtechno

Ok, so been telling myself that if I get a decent bonus this year then I would take the plunge, move out of my parents and buy my first home.

I'm looking for some much needed reassurance and any advice going please.

Here is my situation: Saved £18000, probably use £14500 of it for a deposit and rest on the various fees etc.

I earn £40K a year. I clear about £2200 a month.

I am looking to buy a house for no more than £145K.

So thats a 90% mortgage. Best I've seen using the comparison/broker websites is the Post Office one for 5.85%. This leaves me with a monthly repayment of £840.

So, am I bonking mad? Reckon I should do it? Wait for better 90% mortgages? I really want to get something within next 3-6months (needs of a batchelor)