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  • They not perfect but no solution is. You can buy them from about 12-15k so most people should beable to save at least a few grand over a few years and then get a loan for the rest if need be. The girlfriend sister just moves ever 2 weeks during the summer, stays put in the winter, simple. Maintenance is the biggest issue but everything has maintenance and I hope you are joking about sea sickness.

    One of the other problems is that the loan is over a much shorter period of time so, whilst it will be repaid sooner, the repayments are proportionately higher. But is it an alternative - I looked into it seriously a while ago and decided against it because the saving wasn't significant after all the costs were factored in and it was a lot of hassle for me. And yes, I was joking about sea sickness, although I did have a weird experience after a binge years ago, when I was staying on a canal boat.

    I'm in the fortunate position that I bought my first house at the absolute bottom of the market yonks ago, and when interest rates were low too and you could get away with a 5% deposit. Since then I've moved twice and was able to buy another place this year with a large cash deposit, which gets you a seriously good deal with lenders. But without the cash, it really is difficult now.

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