Just interested in other people's positions and thoughts about affordability. We have been talking about moving from our 3 bedroom modest house for a while now but we are not sure whether it's sensible or not and would be grateful for other people's views. We look at people around us moving up to bigger and better properties and wonder how they do it. We do need to move as we have 2 DDs, a dog and both my husband and I work from home. This would mean however adding about 100 k on to our present mortgage.
At the moment we pay £930 per month mortgage and £230 month car loan. Our mortgage payments would go up by about £400 pre month. We bring in after tax about £4800 per month. However, we are not great with money, but not lavish either, and we never seem to have spare cash. Would you say that the current figures appear affordable to you if we were to move, and what are your mortgage to income ratios like? (Obviously understand if you don't wish to share!)
Thanks
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Mortgage to income ratios?
21 replies
leolion · 23/12/2013 13:36
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