<prompt> Human: Hi,Me and my partner 22 are currently renting at 750 a month bills, we have combined earnings of 47,000 pre tax and have 8k saved up.Weve found a house for 325,000 which is very spacious and close to local amenities including good schools etc. for when the time comes.Weve been given 200,000 with no strings attached from family towards a house of our choice so the mortgage would only be 125,000. Weve figured out that at 17 years, a mortgage would be very similar to the rent we are currently paying.Would this be a wise decision in your opinion PF?Assistant: Other commentor is completely correct regarding upkeep costs and fixing. Which part of the UK are you in for house pricing?Personally Id get a house around the 200k markand be debt free, the savings youll make on interest payments are HUGE.Then use what you would spend on rent to save up a deposit on your next house. You can use the first house as an investment, sell it in the future or rent it out when you move.This also gives you freedom if you change jobs or need to relocate which can be common at that ageHuman: Were in York. Unfortunately, for 200k wed be very limited in choices here. As it were, Ive just gotten a new job and foresee myself staying there for several years to come. The house is also near the majority of employers in my field in the City.  <response>: Then Id be all over the 325k one with the small mortgage. Best of luck to you : 