I'm in a buildingyou need a transferable mortgage bro, so you are not just throwing your money down the drain.
i am doing the same myself, i dont have enough yet for the rate and guarantor but Isha Allah the aim is for christmas/new years.
just a small 2 bedroom no outdoor space necessary although a garage would be nice its not realistic in my budget and in this city.
I don't really in this conception. I get it, I'm not building any equity by renting. However, I'm not "throwing money away" by any stretch. I'm paying monthly for a place I am actually living in at this moment.
When the day comes when I move out, I won't look back and say "Man, I wasted all of that money". No regrets at all.