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  1. Hello Everyone my name is Jordan, currently living in manchester., new to the forum and looking to learn. My question - simply, is... Should I buy my own home before I start buy to let? If so what to look for? Current needs or as a long term investment? I know mortgages on buy to lets usually requires you to own your own home, as security. Which I don't Have and Don't know anyone who could or even would be a guarantor, so thats out of the question. I think I will manage to earn around £18k or less a year before tax when I find work Again (Currently quit my job to look after my young son full time) I will be able to save and hope I would get a mortgage on this wage, however, I'm unsure, as I have read they like you to be earning £25k Plus a year. (Which with little qualifications seems unreasonable). Renting a room out or having someone living with me is out of the question because of my son. Just to note I don't have much money now, but My goals are medium to long term. E.G Deposit on my own house or flat within 3 Years. (£80k House or Flat) £15k Deposit + Around £5k For Fees. Seems doable after 3 years of working hard and saving all that I can. Also Flat vs House? As for me a mortgage on a flat would be more affordable going off an income of around £18k a year. I don't think I could afford bills and a mortgage on a house in this area. as per month its around £900 for mortgage and bills. A House is doable, But leaves very little room for error which I don't like. Where as I see a flat good for now but not so good to rent out in the future.
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