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@pifko
@ewanmac
I suppose it depends on your circumstances and what value of property you're looking at buying and how much you think you can comfortably pay each month towards the mortgage.
The deposit wiped our savings out too, but as others have said, you'll still (I hope) be working during the process, so you'll have a few months to build a money buffer when it comes to moving in and having to cover furniture/appliances and the unexpected costs you discover once you lift up that rotting floorboard, etc...