First time buyers. We have 1 kid, 1 on the way and 1 more in the future hopefully! Both have pretty decent jobs with progression opportunities (that are a little out of reach to me at the mo because of the babies!) but dp is pretty certain of a promotion soon. Bring in just under Â£50k between us. In the North West.
We are stuck before we even start looking; banks have said they would lend around Â£160K but when we look at repayments for that we would be really struggling.
Do we buy a terrace for around Â£100 that we will almost certainly outgrown in 5 yrs, or stretch ourselves and go with a higher mortgage for a bigger house - either way we want somewhere that needs work and we can add value to.
Just after peoples experiences really; did anyone stretch themselves and regret it or pumped for something they could afford a d wished they'd pushed themselves?!