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Fox-
What if it doesn't go to plan?
Then we'll look at selling after 5 years. Provided there's no massive market crash that shouldn't work out any more expensive than renting.
Or we rent the place out (it's near a station) and go live in Malaysia for cheap.
We're starting out borrowing just over 4x salary so I don't think we're taking all that much of a risk. The flip side is that there's no guarantee of what rents will be in 2-5 years time either. Gotta live somewhere.
rhowe
We'll be overpaying by a tidy amount, so the loan should be relatively small (~50-60%) by then if all goes to plan. I'm under no illusions about the current interest rate being lower than a low thing.