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    I'm 22, male, single, work full time and I'm desperate to move out of my family home. My parents are temporary foster parents and so my house can get pretty loud and crowded at times and I just want my own space to retreat to after a long days work. I have about £15k in savings, which isn't really to put down as a deposit for a house when you take away the moving costs, solicitors etc.
    I'm on a pretty decent salary for my age and experience (26k), and I manage to save about £700/£800 a month (I could save more if I really wanted to).

    I don't know whether to stay at home for another year or two, and save another £20k and then get a mortgage or move out now and rent a flat?

    Any advice?
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    (Original post by Anonymous)
    I'm 22, male, single, work full time and I'm desperate to move out of my family home. My parents are temporary foster parents and so my house can get pretty loud and crowded at times and I just want my own space to retreat to after a long days work. I have about £15k in savings, which isn't really to put down as a deposit for a house when you take away the moving costs, solicitors etc.
    I'm on a pretty decent salary for my age and experience (26k), and I manage to save about £700/£800 a month (I could save more if I really wanted to).

    I don't know whether to stay at home for another year or two, and save another £20k and then get a mortgage or move out now and rent a flat?

    Any advice?
    Personally i would move out for the sake of a less stressful time at home once you get home from work. Yes it will be harder to save once you move out but it should be doable still.
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    Depends how expensive moving out will be for you.

    If you can find some really cheap professional house shares (and plenty offer decent amount of personal space) then that may be a better option. But living on your own is going to cost a lot of money out of your income.
 
 
 
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