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22 year old graduate - how, when to buy first home

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Comments

  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    I think it is a good idea not to buy something until you know where you will be working. At the moment you are working in London but your proper job could be in Carlisle. It just depends where the work is based. It is also a very good idea to rent in a new place first before you buy. You can only really learn where the nice areas are if you are already living in a town.

    Anywhere that someone can sensibly commute daily to London from will be more expensive than somewhere where you can't. So a perfectly functioning little town somewhere with no mainline station to London will be cheaper but not worse to live in.
  • pollyanna24
    pollyanna24 Posts: 4,391 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I bought my first house at 21 for £110,000, so why not eh? This was 13 years ago though.
    Pink Sproglettes born 2008 and 2010
    Mortgages (End 2017) - £180,235.03
    (End 2021) - £131,215.25 DID IT!!!
    (End 2022) - Target £116,213.81
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