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Single first time buyer in London
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well, I'm not talking about months, maybe I will leave London in 2-3 years, who knows. In the worst case I can always rent the property in London to pay completely the mortgage and rent something cheap if I move to Manchester.
For example £1k a month for the mortgage will be paid with the rent, completely. And in Manchester for the same property I could spend 400-500 a month for the rent. This is the worst case if I can't sell the London's house with a profit.
London or not, even if I stay here I don't like the idea to be tied up for many years to a property and I don't even like to buy what I can't afford.
There are possibilities I can increase my savings to 150-160k so if I find a good property in London for 170-180-190k it would be a very quick mortgage with low interests and possibility to save more money.0
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