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I couldn’t afford a house, so I bought a tiny house for less than a fixed deposit. I don’t regret anything… but there’s one catch.

Posted on by L. Dreeye
I couldn’t afford a house, so I bought a tiny house for less than a fixed deposit. I don’t regret anything… but there’s one catch.

A WOMAN who couldn’t afford to buy a house has revealed she bought a tiny house for less than the cost of a deposit on a flat in London.

Sav spent £40,000 on her tiny home and said she has no regrets.

Sav couldn't afford a house, so he bought a tiny house.

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Sav couldn’t afford a house, so he bought a tiny house.Photo: Tiktok/@beachbumsav
Very spacious inside

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Very spacious insidePhoto: Tiktok/@beachbumsav

Her trailer home is 33.75 feet long and has a large open floor plan downstairs.

The lower floor has two large seating areas and a spacious kitchen with oven, washing machine and sink.

There is also a mezzanine with a large double bed.

Sav also has a big dog, and there is enough room for both of them in a cozy house.

Read more real life stories

There is one downside, however: If you can’t use friends or family’s land, you’ll have to buy a lot to keep the tiny home.

Sava’s (@beachbumsav) video has likely left many people’s mouths open as it has amassed 630,000 followers on the video sharing platform.

TikTok users rushed to the comments section of the video to share their thoughts on her tiny home.

One person said: “Very cozy and beautiful! You did an amazing job.”

A second person said: “This looks so cozy.”

A third person said: “Tiny house looks so fun, I would love it.”

‘World’s tiniest house’ is the size of a closet but contains vital appliances

Living in a converted barn is a great way to save money on a home while maintaining your independence.

As the cost of living crisis continues to be felt, more and more adults are struggling to get on the property ladder and are choosing to live in their family home longer.

The 2021 Census found that more than half of people under the age of 23 still live with their parents.

The average house price in the UK was £285,000 as of March 2023, rising to a whopping £735,254, which is completely unaffordable for many.

Frequently Asked Questions About Tiny Houses

The tiny house movement began in the US and then gained popularity in the UK.

What is a tiny house?

Tiny houses are small, fully furnished living spaces designed to enable a more sustainable, off-grid lifestyle. Although they vary in size and shape, tiny houses typically range from 15 to 50 square meters, are made from environmentally friendly materials, and are easier and less expensive to maintain than traditional brick homes.

Are tiny houses legal in the UK?

If a tiny home is less than 19.8m x 6.7m in size, it is defined as a caravan under UK law. Thus, tiny houses are categorized as legal accessory dwelling units.

Can you get a mortgage for a tiny house?

The small size and relatively low cost of tiny homes means they are not generally considered eligible for a mortgage. However, there are many options for taking out a loan to finance your dream of the perfect mobile home.

Moreover, a study by the Resolution Foundation found that the average deposit for a first-time property purchase has tripled from 5 percent of the property’s value in 1989 to 15 percent in 2019.

This means buyers will have to save for much longer and use a larger percentage of their income to get on the property ladder.

A recent study by property website Zoopla found that 42 per cent of adults under 40 who don’t already own a home have given up due to the astronomical cost of buying a property.

This included 38 per cent of people earning more than £60,000 (almost double the average UK salary).