This is really awful. I knew the London housing crisis was causing difficulties for some families, but I didn't realise it was as bad as this. Poor kids.
Their single biggest outgoing is the £2,500-a-month mortgage on their £725,000 family home in south west London. They still have £510,000 left to pay, on top of the £170,000 mortgage debt on their buy-to-let flat in south east London, which is now worth £315,000.
This is really awful. I knew the London housing crisis was causing difficulties for some families, but I didn't realise it was as bad as this. Poor kids.
http://www.telegraph.co.uk/finance/personalfinance/pensions/12000288/We-earn-190k-a-year.-Do-we-need-to-sell-our-flat-to-afford-private-school-fees.html?utm_campaign=Echobox&utm_medium=Social&utm_source=Twitter#link_time=1447949135