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The pair, who are known as 'Feddy' by their fans, finished in third place during the Love Island final on Monday.
After having a few ups and downs in the villa, including Faye's outburst which attracted 24,000 Ofcom complaints, the lovebirds have focused on their future.
One obstacle is the distance between their current homes. Faye lives in Devon while Teddy is based up north in Manchester.
Discussing their future living arrangements with ITV, Faye said: "We have spoken about it and I think we will likely get a place together but I will probably still spend two, three nights – depending on schedules at work – in Devon.
"Teddy will still have his own space, to be able to see friends, family but it will be our place and we will still spend time apart until we want to be with each other fully. I think that’s our next step."
Lettings manager Faye added: "‘Depends on how I get on in London, let’s be honest! I’m a Devon girl. And I say to Teddy all the time – as long as I’m near a pasty shop and there’s a good pint of cider I should be able to cope for a couple of days a week!
"You can take the girl out of Devon but you can’t take the Devon out of the girl. Also, we’re going to get Teddy some wellies and he’s going to come down to Devon."
Teddy agreed: "Personally when we’ve spoken about it I’m really open to Devon, anywhere in the UK that gets me closer to Faye."
Following a challenge the Islanders took part in which they were shown scenes from previous episodes,
Faye was fuming at Teddy when a clip was aired of him chatting to Clarisse Juliette at the start of Casa Amor.
She claimed that based on the clip, Teddy hadn't been honest about what had happened when he returned to the villa.What followed was a huge argument, with many viewers calling Faye 'unreasonable'.
Here's to everything going smoothly!
Love Island is available to watch on the ITV Hub and BritBox.
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