Starting a family with 110k combined income in London

[socialmedia23]

How comfortable would it be?
Net income £6100 as I don't have student loan.
Based on the rates of a local childminder, childcare would be £1600 excluding tax free childcare (mother in law has also agreed to help when she can)
Current mortgage is £1020 but our 2 bed flat is teeny and we are looking to move to a 3 bed flat which would probably increase mortgage by £700 per month. Current flat is on the market and I am paranoid that I can't move once I TTC.
Current service charge is £150 per month, would be £200 in the new flat
No car. we use public transport and bike.
We could move to a big flat in St Albans for the same price as our london flat but probably would not have MIL's childcare support and DH & I both work in the London office quite a lot so even the season ticket costs would add up quite a bit (and St A's transports costs are quite low for a Home Counties town).

I just got a new job offer verbally (which is what this figure is based on) and DH is looking for a new role (expecting to get an increase in salary as well).

I am 30 and DH is 32
Just interested to know everyone's views.

It would not be smart to for the sake of 3-4 years childcare expenses... Even without the free hours, the child has to go to school at some point. In the past 4 years, i have increased my salary by 19k so if i continue to work with the same rate of increase, this would cover a lot of the childcare expenses. DH has increased his salary by 20k as well.

I think it will work.

Budget
Review regularly
It will work. Good luck.

I don't understand why there're so many hatred comments, I think she's asking a very legit question, of course she is able to budget but when you don't have a child there're so many costs that you can oversee aside the typical ones like food, clothes and childcare. And I'm in the same situation at the moment and with similar income and not relatives with children in the country to ask these kind of questions and it feels like a whole new universe just to start thinking on budgeting.

I'm not sure I would move now tbh. Plus you won't really know how you feel about going back to work until you've had the baby which may impact on finances. I just didn't want to work long hours anymore & miss drop offs & after school things particularly once the dc got to school.