What would your budget be for a house with this income? income?

[Fifi00]

So house has 100k equity this was our second home but very cheap 50 percent LTV. We want to significantly upsize we also have 30k we could put down on top. Household income of 150k which will rise over the next couple of years. We have seen a house for 525k my DH says it's too expensive but has everything we need.
My DH is very very risk adverse we pay right now £420 a month mortgage so I get its a jump.

Having your money in property is just another investment. And possibly easier to get money out of than from some of his other investments!

The thing I regret most in my life is being risk adverse when it came to buying property. £425 is a very very small monthly payment. On £150k you can surely easily afford much more than that? You must be putting away a small fortune in savings each month. Why not put it in property instead and enjoy a better house?

Because that assumes you will always have that job/income.

I am not risk averse by any stretch but wondering why someone isn’t jumping at the thought of a large mortgage in this economic climate is hardly that. I’d say actually it’s not that quick to liquidate property assets. You have to live somewhere and are liable for sellers fees and moving costs, plus the time it takes (months) to list plus surveys and conveyancing etc. Or you borrow against the equity and have to pay increasing interest rates to get money out.