We are currently selling our house and looking to buy a new one. We will be able to put down a 50% deposit but will need to mortgage the rest. We are looking at 10 year fixed rates so that we know we can afford repayments regardless of interest rates and have found a good deal which we feel is more than affordable.
I work part time and earn just enough to pay a bit of tax. Husband is a high earner (just into 45% band) and for the last 8 years his bonus on top of that has been between 50-80% of his salary. We are looking to borrow 4x his basic salary as we know that lenders don't tend to take bonuses into account although we gave no reason to think this won't continue. Is this likely to be a problem? We have no debt but pay one set of school fees from my income and will do for another 5 years and have 5 terms of another set of school fees until said child leaves the school. However the second set fees are already ring fenced in a separate account so assume that we wouldn't need to declare these.