Is this house move and mortgage level sensible on our income?

[Bluestar608]

situation - we are currently considering a move from our semi to a detached house.

move would mean putting down a 15% deposit with a 30 year mortgage (taking us to 65)
All fixed bills (mortgage, council tax, car, childcare etc would come out at £3000 a month - the mortgage is £1350) we would have £2000 left over increasing to £2500 later in the year due to increasing hours. This would be to cover food, fuel, savings, all discretionary spending. currently we only have £2k in savings and would be taking £10k out of equity from current house to start some redecoration and cover anything unexpected immediately. No credit card debt. I could probably do with a new car in the next year but happy with anything as cheap as I can but it’s an extra fixed bill!

the home needs cosmetically redecorated with maybe a new kitchen in the next 10 years. House is about 50 years old.

does this seem sensible? Or achievable?
just want to gauge thoughts. I feel like we have a good income and I’m scared to loose the benefit of that to a mortgage.

You have worked out your numbers on paper but how about your numbers in reality? How much do you have left at the end of an average month now and how much is your mortgage going up by?

E.g. if you save £200 each month but the mortgage is going up by £500 where will the £300 come from? Will you stop going on holiday (if you don't go anyway nothing to cut back on there)? Will you stop going out socialising/buying take away/eating out (again if you don't do those things there is nothing to cut back on there).

Have you looked at the Council tax band - will it go up? Will heating the house be more expensive?

On paper we should be able to save up to 1k each month subject to nothing breaking/it not being Xmas. In reality we rarely save anything at all. Cars break, school trips come up, household goods need replacing, the house needs maintenance, something comes up for my son's hobby. We have fish and chips (nearly £40 sharing now).

If you think buying this house will change your life to the extent you are happy to scrimp/stop at home/work more then you can probably make it work. E.g. do you have enough room curently like fo your kids have their own bedrooms?

Personally if you will be paying £500 more for the next 30 years I'd think about how much that money being available each and every month for the next 30 years could do for my family in terms of hobbies/school trips/family treats and eventually driving lessons/cars/university etc.

Sorry just realised this thread is a little old.
Did you decide to go for it OP?
Best of luck with whatever you decided.