Emma Orlando was determined to get on the property ladder, but realised she would never save enough for a deposit while spending £1,000 or so a month on rent. So, three years ago, she took a dramatic step.
‘I moved into a campervan to cut down on my costs,’ says the 28-year-old.
Emma fitted out her van with the help of a friend, watching online videos on how to do it. She also continued her job as a freelance marketer using wi-fi installed in her van.
‘I stayed in a campsite in Cornwall with a beautiful ocean view that cost £300 a month,’
Once the van was ready, Emma’s costs were minimal. She says the cost of running the van was no different to that of a car, and included road tax and filling up with diesel.
The dream of home ownership is being pushed ever further out of the reach of first-time buyers thanks to rising mortgage rates and wages failing to keep up with soaring house prices.
The average first-time buyer deposit is now £34,500 according to estate agent Zoopla – a sum few can achieve without family help. As a result, aspiring first-time buyers are being forced to adapt, with 700,000 more adults living with their parents than a decade ago.
And a small number are opting to live in a campervan to boost their savings. The rise in remote working makes it an increasingly popular option as many employees are no longer tethered to where they work. Many like Emma opt for scenic destinations.
Source of data and images: dailymail