| Comment | How much equity do you have in the property and how much would you actually be borrowing? Borrowing 350k at the current rates you're looking at a repayment of over 2k per month. Depends on your own circumstances but I would be very wary of borrowing the absolute maximum you're approved for. Two people earning 50k each/combined 100k could well borrow over 400k but the sheer cost of the monthly repayments makes it a lot harder to actually afford.
Some of the areas suggested are within the price range you've provided but very competitive and will almost certainly go for over the home report value, which you need to pay the difference yourself. Mortgage providers will only lend you up to the home report value so bear this in mind. |
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