21 - Want to move out - Options?

Jowo_2

What kind of government (i.e. taxpayers) scheme would you think exists to subsidise a person on low income to buy private property? Currently the government spends more on allowances, benefits and credits than it gets in income tax receipts.

Here's a link to some home ownership schemes but in the main, the general route to home ownership is to save for a deposit and get a mortgage based on income from a lender.

http://www.direct.gov.uk/en/HomeAndCommunity/BuyingAndSellingYourHome/HomeBuyingSchemes/index.htm

You could still register with local housing associations or the local council (a single healthy male has a very low chance of securing social housing but if you don't apply, you can't be considered). Look into things like co-living, cooperative housing and so forth. Your local council housing web pages should have some links.

Have a look at cheap rent that's available with some security companies that manage vacant properties by putting tenants in for peppercorn rent on temporary contracts. They are looking for 6 bods in Bristol.

http://uk.cameloteurope.com/25/1/live-for-camelot/adventurous-living-through-camelot.html
http://uk.cameloteurope.com/27/2/live-for-camelot-available-now/current-availability-%3E-apply-now.html

tek-monkey

I'd rent with others, been doing it for about 12 years now myself. Admittedly am now buying, but could never afford to do so before and still have enough to live as I want to.

Fire_Fox

If you can't afford to clear your debts and save a 10% deposit you can't afford to buy. Your list of current outgoings missed off car tax, MOT, repairs and petrol, and obviously you haven't yet experienced paying council tax, electricity and gas, TV license, broadband, landline or contents insurance ... here is a decent budget planner used by the Debt-free Wannabe board:
http://www.makesenseofcards.com/soacalc.html
Don't forget once you own the flat you will have internal repairs and possibly service charges to pay as well as the mortgage and rent. There is no way you can service a flat and still run a car on your income, you probably won't have much of a social life either.