I have been playing with various mortgage calculators online and at the moment, I could comfortably afford a 25, or even a 20 years mortgage deal with the budget I have in mind, so I don't really see any reason as to why would I want to pay unecessary interest for a 30 years deal? Maybe I am missing sth?
I was thinking about this in the shower (yes I can think most clearly when I am in the shower). I think I might explore this option if it means I can borrow a bit more... as you are right, there is only 1 way London property prices go... UP!
I have been playing with various mortgage calculators online and at the moment, I could comfortably afford a 25, or even a 20 years mortgage deal with the budget I have in mind, so I don't really see any reason as to why would I want to pay unecessary interest for a 30 years deal? Maybe I am missing sth?