My wife and I are looking to buy a house. I was very foolish with my money during my younger days so am behind my peers.
we want a house near a good school and houses in that area range from £550k to £700k. The ones my wife likes are at the higher end but I don’t think we can afford these. She has become withdrawn and depressed during this process and it caused allot of tension.
I have approx £280k for a deposit (this is all our savings bar £18k). We can borrow £350k based on our joint salaries of £67k. It leaves me £90k short. I think I could borrow this from family.
our net pay is £3900 per month. We would have £2000 tonoay on our mortgage leaving us with £1900 to pay everything else. We have two young kids at school. Our monthly expenses excluding our mortgage are about £1600 so it would meaning having nothing left each month
Please or to access all these features
Please
or
to access all these features
AIBU?
To buy a £700k house on £67k
544 replies
Polledja · 18/03/2023 19:08
OP posts:
Am I being unreasonable?
1985 votes. Final results.
POLL
You are being unreasonable
89%
You are NOT being unreasonable
11%
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