any reason to consider 2 bedroom flat over 1 bed house?

MFWannabe

tiger135 said:

true i have pretty much decided on the area! 
with 5% interest on savings i am earning 833 a month so that pays a lot of the rent. i know its taxable tho im already paying more tax on my payslip due to past interest. any more pros and cons of buying/ renting and keeping money in savings?

I think in the almost 12 months you’ve been debating this on this forum you’ve had all the pros and cons probably 10 times at least 

MFWannabe

tiger135 said:

i have just about enough to buy outright at 215 , 200 is in a defined access account and 17 is in a lower paying account with no restrictions 

Personally if it were me I’d put a big deposit down and get a small mortgage and keep approx 40-50k in savings for any work that needs doing and for any eventualities that may crop up.  

 Savings would be making interest and give you a good buffer to fall back on if you need it. 

Then I’d make overpayments on the mortgage to pay it off earlier