Living on a boat

[midden]

20% deposit required for a boat mortgage, difference between cost of a boat compared to flat shows where I am- plus the first time buyer position!
Atm, this is my only choice of owning somewhere to live, and I don't see this position changing in the near or distant future, so instead of paying rent for someone else to own property I might as well start paying towards what I can!

Have you thought/looked into affordable homes where you buy a percentage of the property you can afford and I believe pay a rent (possibly as a lease holder) for the remainder
It'll get you on the property ladder and the beauty being you buy more of the property as your finances allow.
Once you own/mortgage something like 75% of the property you get the freehold.


Not fully sure on the details but a friend did it years ago and it worked for him, he is now in a much bigger house.
Worth looking at imo