Would you take on a much bigger mortgage for a dream home

[Dreamhome2026]

This might not be the right place for this thread but hopefully you can all guide me.

We are looking for a bigger property with more space. We live in a tourist hot spot. With that comes fairly low incomes in comparison to other UK locations but very high property prices (for certain properties I.e those with a view/ land/ close to the sea, etc).

We have found our dream home. It’s perfect for us BUT it would mean taking on a huge mortgage! We are 30 so still loads of progression to do in our careers. I’m due a pay rise in October and husband will also get a substantial pay rise next year (he’s working through qualifications). It feels unnerving because we are almost mortgage free right now so the increase in bills would feel big (but I don’t think would be above what others might be used to).

I need some perspective. Would you do it? Have you done it? Do you regret it?

Yes, derailing would be a bit naughty.

No, I think we would struggle to find a house that was suitable for family needs, animals and ourselves forever.

We are going into this with a view that it will be our 25-30 year home and then we will sell and buy a bungalow by the sea. We will use the downsizing money to travel and keep us afloat until we are pension age.