I own property but also rent, which suits me fine - due to school location, work. Also hate being in one place.... Also, once you add on all the interest - it's shocking how much a property actually costs - and well worth checking out before you start - you may find the increased deposit has an impact... If you then pay extra onto your mortgage, you need to make sure it allows you to repay towards the actual loan, rather than just pay off the interest accumulated.