Lily Allen's got a mortgage now

Jun 4, 2007, 11:20 GMT

05/03/2007 - Lily Allen - - London, England © Solarpix / Photorazzi

Lily Allen has splashed out £600,000 on a new home in East London.

The 22-year-old singer has fallen in love with the Victorian property in Hackney and is set to move in with boyfriend, record label A+R man Seb Chew, soon.

However, Lily almost missed out on her dream home when her offer was initially rejected.

Lily said: "I've been frantically looking at some places with my sister Sarah who's been researching houses for the past few weeks. We found a house in Hackney that I immediately fell in love with. I put an offer in - and it was declined!

"Anyway they finally accepted my offer and it's amazing. I'm so happy. I really feel like I've earned it. Keep your fingers crossed I can move in soon."

Lily - who recently launched her own fashion line for high street chain New Look - compared buying her dream home to buying a vintage dress.

She added: "Buying a house is like buying a dress in an overpriced vintage shop, except obviously there are more people in the equation and buying a dress doesn't come with a 25-year financial obligation!"

The 'LDN' singer recently complained she couldn't afford to buy a basic flat in her beloved hometown of London.

She moaned: "It's depressing to be young in Britain. Money is a massive issue.

"I've been doing what I do for a few years now and I've been paid pretty well for it, but even I'm not in a position to buy a one-bedroom flat in the city I grew up in."

(C) BANG Media International