I am 51, dh is 49 but doesn’t work. I have a good income (£105k salary and pension of £37k) and currently live in a house provided free by my employer which I have to live in as part of my job. I’m on a 10 year contract. We have £250k for a deposit on a house and save about £2k. When dc finish uni in 1 and 2 years time we should be able to save another £1.5k/month.
what are thoughts on buying a house? Should we buy now and start paying down a mortgage or keep saving for a bigger deposit? I feel the clock is ticking.
we lived abroad a lot so haven’t owned in the UK before. Thanks for any thoughts