We did the same nearly 2 years ago (all our savings went into buying our house, we borrowed over £17K on renovating our house (we've just paid it back) and live in Surrey. My old rented flat was £1500 for a 2 bed. I appreciate we are in a fortunate position, but we have scrimped and saved and worked 2nd/3rd jobs to get some money behind us. With 2 kids too...Lucky you we used all our savings pay deposit to buy a house.
When you in private rental.woth rents 1000k a month for 3 bed and you have kids plus childcare it's hard to save on 1 or 2 wages.
We are aiming to build up savings over time as hate not having much in case of emergency.
We have credit card and think we can take Payment break on mortgage.
If you have debt Payments it's hard to save we cleared all debts before buying.
Our house is old and needs work we doing it gradually and mostly ourselves
I remember last credit crunch 2008 and we were worse financial position then than now.
It was said then that Britain's had high debts and most dident have more than a month or up to 3 months wages saved.
I don't think that's changed.
In fact I think consumer debts cuts in some benefits it's probably higher than the last crash.