44F, single and no kids. Keep renting or buy?
I’ve spent most of my adult life living and working in five different countries. It’s been an amazing experience and I wouldn’t change it, but one consequence is I’ve never really put down roots.
I’m now based in London and rent a 2bed in Bermondsey for £3k a month. I earn around £230k before bonus, and if I bought I’d be roughly looking at a £190k deposit.
Part of me feels like I should finally buy somewhere and have something that’s actually mine. I’d only really want a two-bed period conversion, ideally in a neighbourhood with a bit of life to it. I work long hours, travel a lot for work and often spend weekends on my own - but always take myself out for lunches / dinners etc. The other part of me wonders whether buying is actually the right decision and whether it is something I feel like I should have done my age.
Has anyone else been in a similar position? Particularly if you’re single and bought in London in your 40s. Keen to give myself some security but also don’t want to lose money on a new build or move far out of london.
I’m not a UK native.
Thanks!