Live in Zone 3, spend maybe an hour and seven quid a day on the tube? London rents are outrageous, but not so outrageous you can't afford to live there on £50-57k.
You’re supposed to not spend more than three times your salary on your house, according to most lenders. So that’s £150k. Are there many houses that cheap in Zone 3?
No, that's why a vast proportion of people can't afford to buy.
No, you'd probably have to rent unless you can get a massive deposit from somewhere.
That 3x thing is laughable where I am in Auckland. I assume other places have it worse, unless their wages are much, much higher.
The limit is about 4.5x, and that’s on top of any deposit you have saved.