Aye its basically a trade off between lower mortgage rates and what becomes affordable if you include the 25k. As it stands I've probably got enough to get a 10% mortgage but ideally I'd be looking at higher to get the interest as low as possible and have a good chance of getting a mortgage accepted. I am looking at possibly sub letting as an option too if I see somewhere that's only just affordable for me. Also in the long run if the money I saved from lower mortgage rates could be invested and either match or better the increase in value of the government's share of my flat then that could potentially speed up getting whole ownership. |