I'm after a bit of advice.
Basically, I've pretty much been kicked out of my flat, which my Dad owns. I earn enough to support myself anyway so it's time to move on. I have two choices.
Rent - I've seen a couple of OK flats I could rent for ~£400 a month. They're both pretty grotty though and need a lot of work. One of my mates would be living with me and contributing towards rent, bills, etc.
Buy - I'm on a decent salary, probably enough to get a mortgage, and I have perhaps £6000 or so I could put down as a deposit. There's a really nice house I'm looking at, which has just been done up and need literally nothing doing to it, around £100k though. I have a meeting at the bank tomorrow about a mortgage. Again my mate will come and live with me, and pay £100 a month for a room or so and contribute towards bills.
What would be the best route to go down? Renting seems like dead money to me, but buying seems a big commitment since I'm only just 20. Any advice?