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@richoking
I've been following this thread with interest for some time and am finally now in a position to seriously consider getting on the ladder myself.
I've done a fair bit of research on how much I will be able to borrow and have spoken to a friend who is a mortgage adviser. I also know what I want to buy, namely an ex-local auth 3/4 bed flat in the outer E2/N1 area that I can live in and rent out.
Now the problem is I already know that a year from now I will be going to Australia for a couple years. Is it worth getting on the ladder and having rent come in during this time I'm away (parents & brother will help with repairs/collect rent while I'm out the country) and at the same time hopefully the property will appreciate a little? Or should I wait until I get back by which time I will have saved more toward the deposit and might be able to find ex-LA in a slightly more desirable area?
Just looking for some points of view for both from people who have vastly more experience in this area than myself.