My partner and I are 26 and 27, looking to buy our first home. We are lucky to have a very healthy deposit (because of inheritances on both sides), and could afford a flat now with a small or no mortgage. This would be my instinct - we currently rent a one bedroom flat and I am very happy with the amount of space we have.
He thinks we should borrow what we can to get the best possible house we can afford so we won't have to move if we have kids in the future because we'll already have space for them and a garden, and we would have plenty of time to pay it back. I'm open to this in theory but I don't know what the more sensible course of action is.
What would you prioritise - not having as much mortgage debt, or having a better house?
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Prioritise lower mortgage or better house?
27 replies
HotChoc10 · 29/05/2017 18:49
OP posts:
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