Thinking about growing up!?

Lucy_lastic_2

Currently renting at a seriously cheap rate, have about £400 a month over after play money, food, DD's etc, I need some advice as to where to direct that money best with the ultimate intention of it becoming a deposit for a flat/step towards securing a mortgage. I've got some savings but would need to triple what's there before I would consider applying or researching seriously

So a few questions - Is this realistic or will I be ambling along forever?
- How old were you when you got a mortgage and how much did you have behind you as a deposit?
- I'm in a relationship at the moment and we've toyed with the idea of a joint mortgage, would certainly ease the financial burden and stress but I've always been fiercely independent, is it so bad to go it alone?

hcb42

£400 is a great amount to save a month - nearly £5K a year..and in an ISA you can max your rate tax free

to answer the Q:
18 and £1K (5%)
No not bad to go it alone indeed better until you are 100% - whatever you do, do not get a joint mortgage purely to get on this mythical property ladder....as it turns into a snake if it goes sour

Lucy_lastic_2

Can anyone else shed some light please?

CLAPTON

what sort of price is suitable property where you live?

how much do you already have saved up

how much do you earn