Renting a Property
Recently there has been an increasing trend towards renting accommodation. Not only is it the obvious option if you can't afford, or don't want, a mortgage, but it's also an excellent choice if you're going to be in an area for only a short period. Renting a place to live is also a good option if you're moving into a new area, as it gives you time to get to feel for your surroundings before you decide where to buy.
Before you rent, make sure you check the tenancy agreement, (especially the common problem areas such as deposits, length of agreement and notice periods) so that your time renting goes as smoothly as possible. If you're sharing with friends, there are some special issues about being joint tenants that are worth thinking about from the start.