Hello
I decided that finally I would like to buy a house.
Single earner at £55K/yr. Completed an income and outgoings form, I can safely put aside £1800 a month. But to enjoy life, I set this to be £1000/month max.
So, I have chosen the house target:
Max £300K, there are plenty of these currently and way below too for my needs.
I think setting aside £50K is the right step for first move. This would cover the 10% deposit, plus the wiggle room needed for lawyer etc.
I have set up
Vanguard S&P for £650 / month
AJ BELL Lifetime ISA £330 / month
High interest savings like Chase or similar £70/month
Roughly estimated is £50K will be paid under 4 years with a 7% annual return.
Any other input or value? I am also a dual national so potentially I could invest somewhere in the EU as well. ANy suggestion on that?