How we bought: ‘After six years of saving we’ve slashed ?500 a month off our living costs and 50 minutes off the office commute’

Nathan Jones, 28, was tired of renting after six long years. He had been saving up for a move and planning a way to get on the property ladder. He was also dragging a pet cat with him and was getting frustrated with renting after six years. Jones, a cybersecurity expert, was paying around?1,250 per month for a studio flat in Streatham. Finlay, an events planner, was living near Wandsworth and was paying?650 per month for a two-bedroom apartment. They both liked the idea of a waterfront lifestyle at Royal Docks. This is where thousands of new homes are being built and amenities are being added in the ongoing?5bland of the shipping industry. Docklands Light Railway services can also be found within a five minute walk. The Royal Albert Wharf development is five minutes away.
Robert Greshoff Photography
We are seeing new restaurants and shops opening up. It’s an exciting moment.
READ MORE
London first-time buyer: My mortgage and bills are the same as renting a house in a shared rental.
Lifetime ISA: Why the Government’s flagship savings scheme has a sting for London first-time buyers
The pros and cons of buying an ex-council property in London: What to do?
“We’re seeing new things around development like farmers’ market and community events, independent shops and restaurants such as Caf? Spice Namast? Bianca said, “It’s exciting to move in.” It feels exciting to be moving here. The move has also been financially expensive. The monthly outgoings including the mortgage and ground rent come in at around $1,360. This is more than 500pcm less than what the couple was paying for rent.