hypothetical, you have a 500K mortgage, your monthly re-payments are £2K.
what is in your buffer/safety net? for the time between now when ur offer is accepted to exchange, and even in the first couple of months?
I'd say 6 mths contingency would be a sensible target, and for the truly risk averse, 12 mths, not necessarily in cash, but assets that can be easily liquidated
hypothetical, you have a 500K mortgage, your monthly re-payments are £2K.
what is in your buffer/safety net? for the time between now when ur offer is accepted to exchange, and even in the first couple of months?
i'm risk adverse and advising £5k min!