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moving out options
tiger135
Posts: 438 Forumite
having been out of the property market for a year and lodging with money in the bank (enough for over 50% equity), i am deciding what to do next as i want a place to myself.
1. buy with my 50%+ deposit , long term good to be back on the property ladder, not entirely sure what i want so a little cautious about commitment, but could always sell and buy again in a couple of years if i change my mind?
2. rent privately with an ast, but i have no advantage here over couples, and prices atm mean over half my take home pay would be on rent. although id have 500 a month interest from my banked money at current rates. this gives me time to wait for an ideal property to buy.
3. any other short term options i am not famiiar with? airbnb (whole property) for example? i believe the prices include bills council tax etc so the 'all in' price may not be any more than an AST?
eg an AST could be £1k a month rent plus £500 bills, which equates to airbnb price of £1.5k per month.
1. buy with my 50%+ deposit , long term good to be back on the property ladder, not entirely sure what i want so a little cautious about commitment, but could always sell and buy again in a couple of years if i change my mind?
2. rent privately with an ast, but i have no advantage here over couples, and prices atm mean over half my take home pay would be on rent. although id have 500 a month interest from my banked money at current rates. this gives me time to wait for an ideal property to buy.
3. any other short term options i am not famiiar with? airbnb (whole property) for example? i believe the prices include bills council tax etc so the 'all in' price may not be any more than an AST?
eg an AST could be £1k a month rent plus £500 bills, which equates to airbnb price of £1.5k per month.
0
Comments
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You’re not likely to get any different answers to previous posts
Maybe if you say what area you’re looking and budget then we may be able to offer better suggestions
if it was my choice it would be option 1 especially with such a great deposit
Renting would mean you are spending over 12k a year just in rent and you could be paying that off your own placeMFW 2025 #50: £1139.75/£600007/03/25: Mortgage: £67,000.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
27/12/24: Debt: £0 🥳😁
27/12/24: Savings: £12,000
07/03/25: Savings: £16,5002 -
Some great ideas here:
https://forums.moneysavingexpert.com/discussion/6422556/want-to-get-out-of-parents#latest
2
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