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Use my spreadsheet to play with the numbers (works out stamp duty and agent fees), then use the bank calculators to see if you can borrow what you need.
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Work out how much it would cost to break your current mortgage.
Work out the difference in mortgage you'd need to buy the new place.
Work out the salary multiplier to get new mortgage.
Work out the LTV you'd have on the new place.
Work out the cost of moving (legal, stamp duty etc)
If you come to figures that don't make you cry, talk to a mortgage advisor.
If you stay with the same provider, they may not charge you the early repayment charge... But they probably will.
Dramatic_Hammer
Soul
@Tenderloin
Need some answers.
A house has come up for sale, which I really like, I know roughly what we might get for ours - how will I work out if we could afford/get a mortgage for the new place?
cheers!