Hello people,

I have £24000 in my savings account, and I am a tenant in the UK. I want to be my own Landlord, so the question is, should I get a mortgage which will consume all my saving when my deposit, stamp duty and legal fees are paid? Benefit is that I will own my house, albeit I am at the mercy of my mortgage lender. With 10% deposit, I don't have much equity and I own 10% of my home in reality.

Should I build a nice 3 bedroom bungalow in Nigeria? Benefit is that I will be a home owner, but I am not sure when I would return to Nigeria to settle. I have a difficult decision to make.

I don't have access to any other money, so I cannot afford to do both at the same time.

What should I do now?

I will say build in Nigeria, rent it out since you dont knw when you are coming back to naija. At least you know u have something tangible back here. Then you can use ur returns from naija to get mortgage in Uk.

Renting in Uk is way better, especially when you get a reliable person to share the house with..