disposable income- How much do you have?

[kbaby]

Heres the background. DH wants to buy a new house but it means our morgage would increase from 100k to 185k. I think we cant realisticaaly afford the extra payments ie £300 extra per month he thinks we can.

It would leave us with disposable income of £800 between us. Bearing in mind we have to do up this house and should MIL be unable to look after DC possibly pay child care.

Is he barking in thinking we could go for this house or am I just trying to find excuses not to move?

I have a very low income of 9800 my mortgage is 9800 per year. My benefits pay my sons nursery fees, bills and food i have very little left even with tax credits. Maybe £50 per month to do as i like.

Have you thought about putting in £300 extra into a savings account and seeing how you do for say 6 months.

Adorebella - Is this a countrywide thing about low incomes not paying council tax? Am very iinterested on that.