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I am going to buy a house

Over the past few days I’ve been thinking more and more about buying my own place. There are a lot of factors involved in terms of whether I even want to consider buying a place but right now I feel that should at least be a short term goal. If I end up changing my mind, leaving the country or changing to a career path that cannot easily sustain a mortgage, I can always sell up or quit the process mid-way through. But, at least getting my ducks in a row to purchase will give me the option.

So here’s what I’m thinking.


My timeline will be to buy between January and March 2023.

That means that as of today, I have 16 months to get my ducks in a row. Whilst that may seem like a long time, I need to raise a reasonable deposit as well.

The current Help to Buy: Equity Loan scheme also ends in March 2023 so I want to have completed the purchase before then.

If I manage to get it done before then, then all the better. Albeit, I want to try and avoid completing in the last six months of 2022 if possible.

How Much

I don’t want a massive mortgage—I essentially just want to avoid dead money in rent. At the same time I want to get enough to get a decent place.

I’m currently thinking of a budget of around £400K but I will need a healthy deposit to be able to do that.

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