Hey all, hope everyones had a nice weekend.
I'm a 23 year old graduate, currently on a graduate scheme in Nottingham and I'm originally from London/Kent. I'm in a position where I am able to put a good deposit (roughly £50k) on a 2 bed flat in Nottingham town centre. When considering current salary and the price of property here (looking between 120-140k), it seems like quite a safe bet.
The issue is, as I'm sure many other redditors would agree with me, at this sort of age we move between jobs/areas quite frequently, so I'm not sure if this its worth it at this point. Some points I'd like to peoples thoughts on are as follows;
With interest rates so dire, is property a sensible option right now, with savings doing so little sitting in ISA's?
Considering that the area has two big universities and is a relatively thriving city, would it be a good idea, as I can rent it out quite safely after being it in for 2 years or so? Being from an area where I know I won't be afford property for a good few years, would this make sense as a starter on the property ladder?
Peoples thoughts and insights would be most welcome. I've been renting from varying degrees of landlord terrible-ness for the past 5 years, I'm getting a bit sick of it and would at least like to see the money go somewhere beneficial!
Thanks :)
Submitted May 14, 2017 at 11:44AM by doshdoshdoshdoshdosh http://ift.tt/2r6nAkg
