13 Cheap Housing Alternatives Renting a Guest House. Living in a Mobile Home. Moving into a Tiny Home. Living in a Shipping Container Home. Living as a Live-In Caretaker. Being an On-Site Property Manager. Renting Out a Room in Your Home. Move in with Friends or Family.
Welcome to r/HousingUK Yes you can buy a property without a mortgage. Your solicitor can arrange a deed of trust when purchasing to confirm % owned by each. You could start by working out what your budget would be and whether this would even be possible. Also consider whether it's a good idea.
A popular alternative to buying a house, of course, is simply renting your home. Depending on where and how you live, it may make more sense to rent. Renting does not tie you to a single location or unit for the long term. It also does not come with many responsibilities around maintenance or upkeep.
The Bottom Line. On a $70,000 salary using a 50% DTI, you could potentially afford a house worth between $200,000 to $250,000, depending on your specific financial situation.