We are currently looking to upsize from a flat to a house. To buy a house in an area we like with the right transport links, we will be really stretching our income, taking out the max mortgage possible. Have people on here done this and was it worth it? It's not urgent that we move out of a flat, so I'm wondering whether we stay in the flat for as long as possible to first pay off more of the mortgage.
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If you've stretched yourself to buy a bigger property, was it worth it?
rosiegoodwin5432 · 05/06/2023 15:06
FantasticMax · 05/06/2023 15:33
Yes, we stretched ourselves (but not obscenely so), essentially doubled the mortgage compared to what we were paying. But the house is now worth around £100k more than what we paid for it as prices exploded around here, so that helps with our LTV. I love having the extra internal and external space. We spend a lot of time at home and it’s worth it to me.
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