We have a 2 bed, 2 bath 3rd floor flat which is £514 a month BUT we only own 75% of the property. It was a newbuild and because of oh's job he is a key worker so qualified for an interest free loan for three years. It meant though that after we put our names down for the flat, the loan company came round to value the flat and said it's not worth what it was up for and it was dropped by 25k and then a few weeks later it was dropped again by another 35k! If we paid full whack for it, we would not be moving for a long time! We can either re-mortgage for the full amount and pay back the loan or if we move we pay the money back and 25% (as that's the % they own) of the profits. Not bad seeing as we are only 2 min walk from the train station and 25min train from London and 25min train from Stansted Airport!
I can't wait to move into a house though in a few years...hopefully!!!